Australia's Invictus Energy rises on oil find at Zimbabwe project

Invictus Energy

08/05/2023 03:19

** Shares of Invictus Energy Ltd  IVZ.AX  climb as much as
8.7% to A$0.125 - set for best session since April 28 if gains
hold
    ** Co confirms presence of light oil, gas-condensate and
helium at Cabora Bassa project in Zimbabwe
    ** "The presence of both light oil and gas-condensate
provide us with confidence as we prepare for the drilling of
Mukuyu-2 in Q3 this year," says IVZ
    ** About 4.9 mln shares have changed hands, compared with
the 30-day average of ~3 mln shares 
    ** Stock down ~60.3% so far this year, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))