Australia's Invictus Energy surges to more than 1-year high on deal with Qatar co

Invictus Energy

27/08/2025 06:12

** Invictus Energy IVZ.AX surges as much as 145.3% to A$0.13, highest since December 28, 2023

** Stock marks biggest intraday pct gain since November 10, 2022

** Oil and gas explorer signs MoU, share subscription agreement with Qatar-based Al Mansour Holdings (AHM)

** AHM to buy 19.9% stake in co, provide up to $500 mln in future finance to bring Cabora Bassa Project to commercial production

** AHM to invest A$37.8 mln ($24.6 mln) before costs at share price of A$0.095

** About 82.1 mln shares traded, ~60x the 30-day avg, in stock's busiest session since November 10, 2022

** IVZ last up 135.9%, taking YTD gains to 54.3%

($1 = A$1.5389)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))