Australia's Invictus Energy rises on Zimbabwe contract extension

Invictus Energy

01/12/2023 03:21

** Shares of Invictus Energy  IVZ.AX  rise as much as 6.1%
to A$0.175, their highest since Nov. 17 
    ** Upstream oil and gas company says rig drilling contract
with Exalo Drilling S.A. at Cabora Bassa Project in Zimbabwe
extended for two years  
    ** Says retention of rig under contract will bring
"substantial" time and cost savings
    ** Stock up 17.2% for the week so far, set for biggest
weekly gain since Oct. 27 
    ** Stock has fallen 43.1% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))