HARARE – Invictus Energy Limited, an Australia-based independent oil and gas exploration company, has requested a trading halt on the Australian Securities Exchange (ASX) pending a response to a price and volume query from the exchange and an update on the deferred settlement of its recently announced placement.
The company said the trading halt would remain in place until either its formal response to the ASX query is released or the commencement of trading on Monday, 29 September 2025. Invictus added that it is not aware of any reason why the halt should not be granted.
The request follows the company’s announcement last month of a “Strategic Investor & Alliance Agreement,” which outlined a placement whose settlement has since been deferred.
“The Company requests that the trading halt remain in place until the earlier of a response by the Company to the ASX price and volume letter or by the commencement of trading on Monday 29 September 2025.
“The Company is seeking the trading halt to respond to the queries contained within the ASX price and volume letter,” the Victoria Falls Stock Exchange listed company stated.
Invictus last week announced that it had secured the renewal of its Exclusive Prospecting Orders (EPOs) 1848 and 1849 in Zimbabwe’s Cabora Bassa Basin for a further three years.
The licences, held through its 80%-owned subsidiary Geo Associates (Pvt) Ltd, were renewed by Zimbabwe’s Mining Affairs Board and will be formally published in the Government Gazette.
The renewals enable Invictus to advance its exploration programme, including plans to drill the Musuma-1 well, which is targeting prospective resources of 1.2 trillion cubic feet (Tcf) of gas and 73 million barrels of condensate on a gross mean unrisked basis.
In addition to Musuma-1, EPOs 1848 and 1849 contain multiple high-potential plays, with eight gas prospects estimated at 2.9 Tcf of gas and 184 million barrels of condensate, as well as five oil prospects with an estimated 1.2 billion barrels of prospective resources.
The company emphasised that the figures are based on undiscovered accumulations, with risks associated with both discovery and development.
Further exploration, appraisal, and evaluation are required to determine commercial viability, with assessments made using probabilistic methods in accordance with SPE-PRMS standards.
Invictus Energy describes Zimbabwe’s Cabora Bassa Basin, home to its Mukuyu gas field discovery, as one of the last untested frontier rift basins in onshore Africa.
This is a scam. A Ponzi scheme !
A conduit for siphoning the Zimbabwe taxpayers money to Zvigananda's offshore bank accounts !!!