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Funding OverviewInvictus Power Restricted (ASX: IVZ, OTCQB: IVCTF) is an Australian-listed unbiased oil and gasoline firm targeted on high-impact exploration and manufacturing (E&P) property in sub-Saharan Africa. The corporate’s flagship asset is its 80% operated curiosity within the multi-Tcf Cabora Bassa basin in northern Zimbabwe, one among Africa’s final remaining frontiers with elephant-scale potential. The place is anchored by the immense Mukuyu construction, with extra high-impact targets throughout the Central Fairway and Basin Margin traits. Exploration drilling in 2022 and 2023 delivered the first-ever hydrocarbon discoveries in Zimbabwe, confirming a working petroleum system throughout a number of stacked reservoirs and validating the basin’s cost, reservoir and seal mannequin. On the again of those outcomes, Invictus is now making ready to spud the Musuma-1 exploration properly, a 1.2 Tcf gasoline and 73 million barrel condensate lead, within the coming months. This will probably be adopted by a broader program together with a multi-well exploration and appraisal marketing campaign, intensive 3D seismic acquisition and the deliberate re-entry and circulate testing of Mukuyu-2. Most importantly, on 27 August 2025, Invictus introduced a landmark strategic partnership with Al Mansour Holdings (AMH), a sovereign-backed funding group with direct ties to Qatar’s royal household. The deal sees AMH buying a 19.9% stake in Invictus for US$25 million. Extra importantly, AMH has dedicated to offering as much as US$500 million in conditional growth financing, offering a pathway to quickly transition the Cabora Bassa to business manufacturing. The announcement additionally unveiled the creation of Al Mansour Oil & Fuel (AMOG), during which Invictus holds a ten% free-carried stake, whereas Al Mansour Holdings will present 100% of the capital funding. AMOG plans to grow to be the biggest personal Qatari E&P firm exterior of Qatar, buying at the moment producing and near-term growth property throughout Africa. A number of high-impact transactions are already in superior discussions, with the primary anticipated to shut earlier than year-end. Crucially, Invictus will lead the technical, operational and business elements of AMOG, guaranteeing the corporate and its shareholders seize the JVs' multi-billion-dollar portfolio. Unlocking One in every of Africa’s Closing Power FrontiersSpanning an immense 360,000 hectares in northern Zimbabwe close to the Mozambican border, the Cabora Bassa basin is thought to be one among Africa’s final unexplored rift frontiers. Additionally it is one among Africa’s largest remaining undrilled onshore basins, with a number of play sorts providing multi-billion-barrel oil-equivalent publicity to predominantly standard gasoline but complemented by condensate and light-weight oil. Cabora Bassa shares key geological traits with different extremely productive East African Rift basins, together with Uganda’s Albertine Graben (6.5+ billion barrels recoverable) and Kenya’s South Lokichar Basin (1+ billion barrels found). Its confirmed geological setting is bolstered by greater than 1,875km of 2D seismic knowledge, legacy knowledge from Mobil’s Nineteen Nineties above-ground campaigns and Invictus’ two profitable exploration wells. Since buying the asset in 2018, Invictus has confirmed a working petroleum system by way of its high-impact campaigns. Mukuyu-1 (2022) found mild oil, condensate and gasoline and was adopted by Mukuyu-2 (2023), which intercepted a number of gas-bearing reservoirs within the Higher and Decrease Angwa Formations. In 2024, Wooden Mackenzie independently ranked the Mukuyu construction because the second-largest discovery in Sub-Saharan Africa with an estimated 230 million barrels of oil equal (1.3 TCF) following the 2 profitable campaigns. Importantly, Mukuyu represents only one construction inside the complete Cabora Bassa basin. Extra prospects have been recognized within the Central Fairway and Basin Margin, providing a number of high-impact alternatives. Unbiased assessments estimate all the basin’s potential sources at greater than 2.1 billion barrels of oil equal, putting it alongside a number of the largest onshore frontier basins globally. With an 80% working curiosity alongside native associate One Fuel Assets (20%), Invictus Power is now advancing the early commercialisation of the basin, now backed by Qatar’s sovereign-linked Al Mansour Holdings Group. In parallel, the Zimbabwe Ministry of Finance is granting Nationwide Venture Standing (NPS) to the Cabora Bassa mission, recognising its potential to ship broad financial advantages, appeal to overseas funding and create native employment. Historic Basin Opening SuccessMukuyu-1The Mukuyu-1 exploration properly, drilled in late 2022, marked the first-ever basin-opening marketing campaign and was designed to evaluate the completely new petroleum province. Concentrating on stacked aims throughout the Publish-Dande, Pebbly Arkose and Higher and Decrease Angwa formations, the properly evaluated an immense structural closure masking greater than 200 km² with a vertical aid exceeding 1,500 meters. Drilled to a complete depth of three,923 meters, Mukuyu-1 delivered clear proof of a working petroleum system. Wireline logging, mud-gas evaluation and fluorescence testing confirmed the presence of sunshine oil, condensate and pure gasoline throughout a number of intervals. Elevated gasoline reveals have been recorded over a mixed 1,000 meters of gross part, with sturdy background gasoline as much as 135 occasions above baseline within the Higher Angwa. Hydrocarbon samples recovered indicated moveable mild oil and condensate, validating the basin’s cost, reservoir and seal mannequin. Though the properly was in the end plugged and deserted and not using a circulate take a look at, Mukuyu-1 achieved its major aims as a wildcat properly. It proved the existence of a working petroleum system within the Cabora Bassa, confirmed the presence of high-quality reservoirs and de-risked billions of barrels of potential sources throughout the licence. The info gathered from the properly laid the technical basis for the Mukuyu-2 appraisal marketing campaign in late 2023. Mukuyu-2The Mukuyu-2 exploration properly, drilled in late 2023, was a 7 km step-out from Mukuyu-1, to check the southern portion of the Mukuyu construction. It was designed to verify reservoir high quality and hydrocarbon presence within the Higher and Decrease Angwa formations, whereas materially de-risking the general scale of Mukuyu. Mukuyu-2 intersected a number of hydrocarbon-bearing zones throughout each formations, with Wireline logs, mud-gas evaluation, fluorescence testing and downhole sampling confirmed the presence of moveable hydrocarbons, together with gas-condensate and light-weight oil. Within the Higher Angwa, web gasoline pay exceeded 13 meters throughout a number of clear sand reservoirs, supported by 4 hydrocarbon samples recovered throughout wireline testing. The Decrease Angwa additionally had vital gasoline reveals, with over-pressured intervals under 3,400 meters and elevated mud-gas ranges as much as 120+ occasions above baseline, confirming liquids-rich condensate reservoirs and strain help. In whole, 15 hydrocarbon samples have been recovered throughout each formations, and preliminary analysis indicated 35 meters of web pay. Whereas this determine could seem modest, inside the context of the construction masking greater than 200 km² and being laterally linked between Mukuyu-1 and Mukuyu-2, it signifies Mukuyu as a world-class discovery able to delivering transformative worth for shareholders. Mukuyu-2 additionally intersected extra gross sands that have been excluded underneath the strict net-pay cut-off standards. As CEO Scott Macmillan said in a 2023 Fireplace Chat, the primary exploration wells in frontier basins typically apply extraordinarily conservative cut-offs, intentionally excluding thinner or lower-quality sands that routinely circulate commercially as soon as correctly examined. Most critically, Mukuyu-2 was additionally unable to drill by way of all the Decrease Angwa formation as a result of operational constraints, leaving deeper and extremely potential zones untested. Consequently, the present net-pay determine solely displays a part of the system and the general hydrocarbon potential of the construction is nearly definitely far better than what has been reported to this point. Following the conclusion of the exploration marketing campaign, the properly was suspended with a 7-inch liner put in, guaranteeing the integrity of the opening and leaving it prepared for re-entry and multi-zone circulate testing within the subsequent section of operations. 2024/2025 Share Value CollapseTill lately, Invictus Power’s share worth had been weighed down by the sharp collapse that adopted the Mukuyu-2 discovery. This was triggered partly by a hostile institutional investor offloading a big block of shares in an try to trigger panic out there. On the similar time, the market recognised that Invictus Power was successfully stalled, missing the funding required to advance basin operations. With additional fairness raises set to trigger vital dilution, the corporate started looking for farm-in alternatives with international E&P gamers. Nevertheless, any transaction would probably require the finalisation of Zimbabwe’s Petroleum Manufacturing Sharing Settlement (PPSA), which defines the fiscal phrases and revenue break up on manufacturing. Delays in executing this settlement considerably extended the share worth stagnation nonetheless, the PPSA is anticipated to be executed inside the subsequent fortnight. While the financing standstill and share worth decline have been excruciating for traders, final week, Invictus introduced a strategic partnership with Qatar’s sovereign-backed Al Mansour Holdings. This deal now delivers the capital help required to quickly speed up the early-stage commercialisation of the Cabora Bassa Basin. Simply as importantly, it underscores the basin’s international significance, with main Center Japanese sovereign traders now committing capital and recognising its potential on the world stage. Excessive-Impression Ahead Working ProgramThe Mukuyu-1 and Mukuyu-2 wells have now materially de-risked the Mukuyu Construction, confirming a working petroleum system with a number of hydrocarbon-bearing reservoirs and high-quality gas-condensate. This additionally extends to the extra drill-ready prospects within the Central Fairway and Basin Margin performs, the place seismic knowledge calibration and direct hydrocarbon indicators (DHIs) have improved possibilities of success. Following the Mukuyu-2 marketing campaign in late 2023, the next 18-month interval enabled Invictus to extensively assessment its suite of knowledge, together with processing of the CB23 2D seismic survey and integration of Mukuyu properly knowledge. This has resulted in optimised basin fashions by way of enhanced seismic protection, depth conversion and Pre-Stack Depth Migration velocities. Moreover, these refinements have enabled a projected 40% discount in future drilling prices by way of optimised properly design, knowledge acquisition and long-term service contract. Scott Macmillan, Managing Director of Invictus Power, lately outlined parts of the corporate's near-term ahead program, now totally enabled by financing from Al Mansour Holdings. Additional particulars will probably be supplied within the subsequent Investor Presentation. With AMH’s backing, Invictus now strikes from its intensive dormant interval to sustained on-ground exercise, prioritising high-impact wells like Musuma-1 and the accelerated commercialisation of the Cabora Bassa basin. Musuma-1 Marketing campaignChosen because the subsequent pivotal drilling location, Musuma-1 is supported by compelling DHIs, like up-dip brightening and constant flat spots. The prospect targets 1.2 Tcf and 73 million barrels of condensate and has a 34% probability of success. Designed as a simple, low-cost properly with a deliberate depth of 1,500 meters, Musuma-1 will take a look at a brand new Dande Formation play on the jap Basin Margin. With the latest capital injection from Al Mansour Holdings, pad development is anticipated to start imminently, with spudding to comply with within the coming months. The nice and cozy-stacked Exalo Rig 202 is present process upgrades for redeployment, whereas main service contracts are out to tender and long-lead objects are actually arriving at Invcitus’ Harare operations base. If logs and pressures verify moveable hydrocarbons through the marketing campaign, Musuma-1 will probably be suspended with a liner to safe the reservoirs and protect them for multi-zone circulate testing. On re-entry, the liner can be perforated throughout chosen sands, permitting hydrocarbons to be flowed to the floor underneath managed situations. This program will measure stabilised circulate charges, strain build-up and drawdown, whereas additionally capturing PVT samples to find out gasoline composition and condensate yield. This stage is vital, as circulate testing will exhibit the business viability of the basin's reservoirs. Constructive outcomes wouldn’t solely validate the brand new Dande Formation at Musuma but in addition materially de-risk the broader Cabora Bassa basin. Simply as importantly, a profitable circulate is anticipated to unlock the US$500m in conditional financing supplied by Al Mansour Holdings. VOGC, a extremely regarded ex-oil and gasoline skilled, has printed sturdy commentary on Musuma-1 through HotCopper. 3D Seismic Acquisition over MukuyuSimultaneous to the Musuma-1 marketing campaign, Invictus plans to amass 3D seismic of all the Mukuyu construction. Musuma’s distance gives restricted noise interference for the vibroseis vehicles. The deliberate program is designed to optimise Mukuyu appraisal by refining properly areas, lowering drilling danger and underpinning an up to date potential useful resource estimate. Whereas Mukuyu already has intensive 2D protection, the 3D survey will shut gaps and ship a whole, high-resolution basin mannequin. Calibrated in opposition to the Mukuyu-1 and Mukuyu-2 properly knowledge and current basin fashions, processing is anticipated to be sooner, with outcomes anticipated throughout 2026. Mukuyu-2 Deepening and Movement TestingFollowing these actions, consideration is anticipated to return to Mukuyu-2. The plan is to re-enter and deepen the wellbore in a 6-inch gap to completely penetrate the Decrease Angwa Formation, which remained untested through the preliminary marketing campaign. This deeper part is taken into account extremely potential, with elevated gasoline reveals and over-pressured intervals already encountered above. Re-entry would additionally allow multi-zone circulate testing throughout each the Higher and Decrease Angwa reservoirs. This system will perforate chosen intervals, circulate hydrocarbons to the floor and document sustained charges, strain build-up and drawdown, whereas recovering PVT samples to verify condensate yields and gasoline composition. Profitable circulate testing at Mukuyu-2 wouldn’t solely verify business deliverability from the Angwa reservoirs but in addition elevate Mukuyu as a second cornerstone asset alongside Musuma-1, anchoring the early growth technique for the Cabora Bassa Basin. Fuel Pilot Plant With profitable circulate assessments at both Musuma-1 and/or Mukuyu-2 establishing business deliverability, Invictus intends to fast-track a proof-of-concept pilot manufacturing mission to monetise the gas-condensate from the Cabora Bassa Basin. Accepted by Zimbabwe’s Environmental Administration Company in February 2025, the pilot adopts a low-cost, modular method to early commercialisation, centred on gas-to-power era for close by industrial offtakers corresponding to mines. The basin’s high-quality gasoline (low CO2 <2%, no H2S, helium as much as 0.63%) is ideally suited to energy era, whereas condensate by-products present extra income by way of each home and regional export. The plant will even present long-term reservoir efficiency knowledge and take a look at execution processes, all whereas producing early income to assist fund additional growth. Extra Ahead Working ActionsHaving secured conditional financing from Al Mansour Holdings, Invictus is now shifting from periodic single-well actions to built-in, multi-well campaigns. The subsequent section is anticipated to comprise three to 4 exploration and appraisal wells, adopted by related flow-testing. As Scott Macmillian lately outlined, Invictus plans to safe longer-term contracts with service suppliers, considerably lowering marketing campaign prices. In parallel, refinements to the corporate’s knowledge suite and properly designs are additionally projected to ship as much as a 40% value discount for future drilling prices. Al Mansour Holdings Strategic PartnershipIn a transformative announcement that has propelled Invictus Power into a brand new period of development, the corporate has secured a landmark strategic partnership with Qatar's Al Mansour Holdings (AMH), backed by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of the Qatari royal household. Introduced on August 27, 2025, the binding Memorandum of Understanding (MOU) and Share Subscription Settlement deal will inject US$25 million into the corporate with AMH buying a strategic 19.9% fairness stake. The position was priced at A$0.095 per share, representing a premium to the prior day’s shut of A$0.052. This capital injection now gives Invictus with the funding required to speed up its near-term works program, together with the upcoming Musuma-1 spud, 3D seismic over Mukuyu and circulate testing campaigns, with out additional diluting current shareholders. Most critically, AMH has dedicated as much as US$500 million in conditional future financing to advance the mission by way of appraisal and into business manufacturing, contingent on milestones corresponding to profitable circulate testing and reserves certification. This transforms Invictus from a capital-constrained junior into a completely funded operator able to fast-tracking the Cabora Bassa Basin towards growth. Al Mansour Oil & Fuel Joint EnterpriseAs a part of the landmark deal, Invictus and AMH additionally introduced the creation of Al Mansour Oil & Fuel (AMOG), a brand new three way partnership concentrating on the acquisition of manufacturing and near-term growth oil and gasoline property throughout Africa. Invictus holds a ten% free-carried stake in AMOG, managing its technical and operational actions, whereas AMH will present 100% of the funding. Backed by sovereign-linked Qatari capital, AMOG goals to construct a diversified pan-African portfolio with ambitions to grow to be the biggest personal Qatari E&P firm exterior of Qatar. A number of superior negotiations are already underway on undeveloped and underutilised property, in addition to M&A alternatives, with the primary transaction anticipated earlier than year-end. AMOG is chaired by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, with Invictus nominating two administrators to the board. Ryan Singh, previously IVZ’s Operations Supervisor, will transition to grow to be AMOG’s CEO. The choice by Al Mansour Holdings to associate with Invictus is a transparent endorsement of the corporate’s administration energy and technical experience. Invictus’ management group brings many years of frontier exploration expertise and has been instantly concerned in multi-billion-barrel discoveries throughout Africa, together with basin-opening campaigns in Uganda, Mozambique and Kenya. With publicity to a multi-billion greenback portfolio totally funded by its associate, Invictus is positioned to evolve right into a full-cycle African E&P participant properly past the Cabora Bassa basin. Over the long run, Invictus’ 10% free-carried curiosity in AMOG has the potential to drive a fabric share worth re-rating and place the corporate on the centre of Africa’s vitality growth. For a deeper dive into the deal, traders can watch the latest Investor Webinar, the place Invictus’ CEO, Scott Macmillian, supplied additional commentary: "The AMOG and this new JV, I feel that can in the end dwarf what we’re doing in Cabora Bassa. That (referring to CBB) will grow to be a small a part of our portfolio given the scale and the dimensions of the property we’re concentrating on for the AMOG group." "We’re set to rework now quickly, quite than going by way of an extra appraisal and growth interval for Cabora Bassa. We’re about to rework right into a full-cycle E&P firm in a short time, and we’re uniquely positioned with very unbelievable backers by way of Sheikh Mansour and the Al-Mansour group. *" For Qataris to put in writing a cheque for a couple of hundred million bucks is de facto not value their time. Because of this we have been requested to place collectively this larger JV throughout a number of nations in order that it’s a significant firm and asset base. Initially, we have been looking for US$200 million to get us to the beginning line for us to have the ability to go for the business funding preparations with conventional banks that we do right here, that's not value their time.”“*Query: *Would you say (AMOG's potential transactions) are corresponding to the Cabora Bassa basin in scale?*SM: Bigger! That's why I mentioned that it (CBB) will grow to be a smaller a part of our portfolio.” Al Mansour’s African Funding TourIn August 2025, His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of Qatar's ruling Al Thani household and Director of the Authorities Communications Workplace, launched into a high-profile funding tour throughout sub-Saharan Africa by way of his personal funding car, Al Mansour Holdings. The Sheikh met with the presidents of Botswana, Zambia, Mozambique, Zimbabwe, Burundi and the Democratic Republic of Congo, signing bilateral agreements pledging over US$102 billion to drive financial growth throughout sectors together with vitality, mining, agriculture, infrastructure, tourism and housing. These commitments symbolize one of many largest personal funding pushes into the continent. Al Mansour Holdings African Tour Pledges The importance of Qatar’s involvement can’t be overstated. It is a nation that has remodeled itself into one of many world’s largest LNG exporters, constructing a US$150+ billion sovereign fund from hydrocarbons. Few nations have unlocked such worth from oil and gasoline, and now Qatar’s technique, capital and international affect are being channelled into AMOG. For Invictus Power, the upside is actually extraordinary, but the market is seemingly undervaluing the importance of this three way partnership. If even 20% of AMH’s US$102 billion sub-Saharan pledge have been directed into oil and gasoline transactions (US$20.4 billion), Invictus’ 10% free-carried stake would equate to an implied US$2.2 billion (A$3.3 billion) valuation. But the true worth uplift for Invictus will come as soon as these underdeveloped and underutilised property are totally financed, appraised and remodeled into vital cash-generating initiatives. Unlocking Cabora Bassa’s Business PotentialSouthern Africa is within the midst of one of many world's most extreme vitality crises, suffering from persistent energy shortages, unreliable grids, and heavy reliance on growing older infrastructure and drought-vulnerable hydro. Zimbabwe alone endures rolling blackouts of as much as 18 hours a day, whereas neighbouring South Africa, Zambia and Mozambique face related challenges. In mild of this dire vitality state of affairs, the Cabora Bassa Basin has been recognized as a possible game-changer for regional vitality safety and financial development. To this finish, Invictus has already signed key pilot-plant MOUs with Tatanga Power for a 500 MW gas-to-power plant (preliminary 150 MW section) and with Himoinsa Southern Africa/Dallaglio Investments for a 12 MW facility on the Eureka Gold Mine. The basin's proximity to vital infrastructure additional strengthens its commercialisation pathway, with the Southern African Energy Pool (SAPP) grid positioned simply 100 km from the Mukuyu construction. This entry helps the event of a 1,000+ MW gas-to-power plant instantly tied into SAPP, enabling a dependable home vitality provide whereas offering regional export alternatives. The economics are extremely engaging, with Invictus benchmarking native gasoline pricing at US$10/GJ, greater than double the present US Henry Hub ranges (US$3–4/GJ). With an 80% working curiosity and anticipated beneficial PPSA phrases, Invictus is positioned to seize the lion's share of this multi-billion-dollar asset. Crucially, the pathway to commercialisation is now dramatically accelerated by the US$500 million in conditional financing from Al Mansour Holdings. Commercialisation Alternatives Commercialisation Infrastructure Mitigated Sovereign ThreatWhereas working in Zimbabwe inevitably carries the notion of sovereign danger, Invictus has established a collection of strategic alignments that materially de-risk its place and instantly tie the success of Cabora Bassa to the nationwide curiosity. These embrace: – Zimbabwe's sovereign wealth fund, the Mutapa Funding Fund, owns roughly 5% of Invictus Power. This direct possession ensures the federal government has clear pores and skin within the sport, aligning nationwide pursuits with shareholder worth creation. – Invictus’ itemizing on the Victoria Falls Inventory Trade (VFEX) has broadened native possession by attracting high-net-worth Zimbabwean funds. These influential traders present a further layer of safeguard, as any authorities malpractice would instantly threaten home capital and set off sturdy resistance. – Invictus’s Board consists of Joe Mutizwa, one among Zimbabwe’s most revered enterprise leaders, who additionally serves on the Presidential Advisory Council (PAC). Reporting on to the President, PAC shapes coverage on funding, financial development and nationwide growth. Mutizwa’s position gives Invictus with a direct line to key decision-makers, enabling the corporate to navigate reforms and safe pro-investment outcomes. – Zimbabwe’s Ministry of Finance lately awarded Nationwide Venture Standing (NPS) to the Cabora Bassa mission, recognising its strategic nationwide and regional significance for financial development and growth. This designation gives a spread of fiscal and non-fiscal incentives, together with obligation exemptions, fast-tracked allowing and streamlined entry to key infrastructure and providers because the mission strikes in direction of commercialisation. – Zimbabwe has established a transparent authorized and monetary framework by way of the consolidated PEDPA and PPSA agreements. Collectively, these streamline approvals, outline investor protections and set clear profit-sharing phrases as soon as business manufacturing begins. Below the PPSA, Zimbabwe stands to generate billions in income that it desperately requires. Any authorities interference would instantly jeopardise a vital nationwide funding supply. – Al Mansour Holdings, now a 19.9% shareholder in Invictus Power, has lately dedicated US$19 billion of funding into Zimbabwe throughout a number of sectors. This instantly ties Invictus’ success to Al Mansour’s nationwide funding technique, which means any adversarial authorities motion would put this US$19 billion dedication in danger. World-Class Administration GroupInvictus Power is led by a world-class administration group with many years of mixed expertise in frontier oil and gasoline exploration throughout sub-Saharan Africa. The group has a confirmed monitor document of delivering multi-billion-barrel discoveries and efficiently navigating complicated operations to generate substantial shareholder worth. – Scott Macmillan, Managing Director, is a Reservoir Engineer and founding father of Invictus Power. With greater than 15 years of expertise throughout exploration, discipline growth planning, reserves and sources evaluation, reservoir simulation, business valuations and enterprise growth, Macmillan brings each technical depth and management. Importantly, he’s additionally a Zimbabwean nationwide, offering sturdy in-country alignment. – John Bentley, Non-Govt Chairman, has over 40 years’ expertise in worldwide useful resource growth, with a specific give attention to Africa's upstream oil and gasoline sector. He was instrumental within the formation of Power Africa Ltd, which grew to function throughout 12 nations, earlier than being acquired by Tullow Oil for US$500 million in 2004. – Robin Sutherland, Non-Govt Director, brings over 35 years of expertise in African E&P, having held senior technical and management roles throughout the continent. He has been pivotal in quite a few multi-billion-barrel discoveries throughout seven African nations, together with main Tullow’s exploration group by way of discovery and appraisal in Ghana and Kenya earlier than being appointed the Basic Supervisor Exploration Africa in 2015. – Joe Mutizwa, Deputy Chairman and Non-Govt Director, is one among Zimbabwe’s most revered enterprise leaders. Previously an govt at Delta Company, one of many largest corporations on the Zimbabwe Inventory Trade, he now chairs Mangwana Capital, a number one funding agency. Mutizwa additionally sits on the Presidential Advisory Council (PAC), offering Invictus with a direct line to authorities decision-making and pro-investment reforms. – Gabriel Chiappini, Non-Govt Director and Firm Secretary, is a seasoned ASX director with greater than 17 years of capital markets expertise. He’s at the moment the Managing Director of Black Dragon Gold and was previously a director of Neon Power. – Vicky McLellan, Chief Monetary Officer, brings over 20 years of expertise within the oil and gasoline sector, with a confirmed monitor document in monetary administration and strategic development throughout multinational vitality corporations. Earlier than becoming a member of Invictus, McLellan served because the CFO at FAR Restricted and spent 9 years with Chevron. – Barry Meikle, Nation Supervisor, is a Zimbabwean nationwide liable for overseeing all in-country company, monetary and operational elements of Invictus’ actions. He brings intensive expertise in managing initiatives and operations throughout the vitality sector, with experience in exploration, security and atmosphere and geophysical surveying. Assets & Hyperlinks
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