Invictus Energy's SG 4571 licence renewed for 3 years

Invictus Energy Limited (ASX: $IVZ) has announced the renewal of its 80% owned SG 4571 licence in Zimbabwe's Cabora Bassa Basin for a further three years. The renewal allows the Company to undertake a comprehensive work program, including 3D seismic acquisition and additional exploration/appraisal drilling, running until June 2027.

Executive Commentary

The Company's 80% owned subsidiary, Geo Associates, has received approval to extend the tenure of the SG 4571 licence for a further three years. This renewal enables us to progress our exploration program, including 3D seismic acquisition and additional exploration/appraisal drilling, positioning us to potentially apply for a production special grant licence at any stage.

Summary

Invictus Energy Limited has successfully renewed its SG 4571 licence for a further three years, allowing the Company to continue its exploration activities in Zimbabwe's Cabora Bassa Basin. The renewal paves the way for a comprehensive work program, including 3D seismic acquisition and additional exploration/appraisal drilling, with the potential to apply for a production special grant licence at any stage. The Company remains committed to its high impact energy resources exploration in sub-Saharan Africa and is focused on operating in a safe, ethical, and responsible manner.