Australia's Invictus Energy rises on Zimbabwe project drilling results

Invictus Energy

25/10/2023 03:14

** Shares of Invictus Energy  IVZ.AX  rise as much as 32.3%
to A$0.205, set to climb most since Nov 14, 2022 if gains hold
    ** Oil and gas explorer says seen positive signs from
drilling at Mukuyu-2 well, Cabora Bassa Project in Zimbabwe
    ** Says encountered strong gas shows, fluorescence and
elevated LWD (logging while drilling) resistivity in multiple
reservoirs
    ** Stock hits highest level since Sept 18
    ** Nearly 17.6 mln shares change hands, compared with the
30-day average volume of 4.7 mln
    ** Stock down 46.6% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.GovindRao@thomsonreuters.com;))