Invictus Energy (ASX: IVZ) — Company Overview, News & Financial Data
Invictus Energy (ASX:IVZ) explores oil and gas in the Cabora Bassa Basin, a geologically promising area in Zimbabwe.
Invictus Energy
Invictus Energy is a Perth-based energy company focused on exploring and developing natural gas and petroleum resources in sub-Saharan Africa. The company's principal focus is the Cabora Bassa Basin project, encompassing a 360,000-hectare licence area in northern Zimbabwe containing the Mukuyu Gas Field. Following discovery of gas-condensate reservoirs in the Upper and Lower Angwa Formations, the company is advancing appraisal and development activities. Invictus Energy aims to supply natural gas to domestic industrial facilities and regional power markets across southern Africa through various commercial gas-to-power and off-take frameworks.
Snapshot
Operations
Products and/or services of Invictus Energy
- Upstream Gas Discoveries: Natural gas and high-quality gas-condensate reservoirs in northern Zimbabwe spanning a 200-square-kilometre structure, with estimated resource volumes of 230 million barrels of oil equivalent across 35 metres of net hydrocarbon pay in frontier rift basin formations.
- Frontier Basin Exploration: Onshore exploration and appraisal across a 360,000-hectare licence position in northern Zimbabwe near the Mozambique border, covering 1,400 kilometres of 2D seismic data and defining three primary petroleum play types across three exploration licence blocks.
- Mining Sector Gas Off-take: Commercial gas supply initiatives for regional industrial power generation, including a pilot gas-to-power memorandum of understanding to supply natural gas feedstock for electricity generation at an industrial gold mining operation located in northern Zimbabwe.
- Industrial Feedstock Off-take: Off-take agreements and commercial supply frameworks targeting chemical and fertilizer manufacturing, including natural gas sales memorandums to supply raw material feedstock for domestic ammonium nitrate chemical production plants operating within southern Africa.
- Utility Power Off-take: Large-scale power generation off-take arrangements targeting southern African regional energy grids, involving gas supply agreements for planned gas-fired power plants developed alongside independent power producers to deliver baseload electricity supply.
- Carbon Offset Operations: Sustainable land management and carbon offset initiatives covering forest conservation areas in Zimbabwe, aiming to offset potential operational emissions while delivering local community development and regional environmental conservation programs across rural concession areas.
Invictus Energy executive team
- Mr. Scott MacmillanMD & Director
- Mr. Gabriel Mario Chiappini B.Com, C.A., GAICD, ICAA, MAICDGovernance Chair, Company Secretary & Non-Executive Director
- Ms. Victoria McLellanCFO & Joint Company Secretary
- Mr. Glen BowmanExploration Manager