Australia's Invictus Energy sees best day ever on potential hydrocarbon find in Zimbabwe

Invictus Energy

10/11/2022 03:10

** Shares of upstream oil and gas co Invictus Energy
 IVZ.AX  climb as much as 152.4% to A$0.265, set to post their
best session ever 
    ** Co says it has confirmed a working conventional
hydrocarbon system at Mukuyu-1 well that is currently being
drilled in Zimbabwe's Cabora Bassa Basin  urn:newsml:reuters.com:*:nASX8MmmG4
    ** Says planning to acquire a wireline logging evaluation
suite to provide detailed geological information to confirm
presence of moveable hydrocarbons
    ** Shares hit their highest since Sept. 2
    ** More than 52.7 mln shares change hands, 8.3 times the
30-day average volume of 6.4 mln shares
    ** As of last close, stock down 16% this year
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))