Invictus Energy Limited (IVZ.AX) is an independent upstream oil and gas company focused on the exploration, appraisal, and development of conventional oil and gas resources in sub-Saharan Africa. The company holds interests in the Cabora Bassa Project in Zimbabwe's Muzarabani Basin, encompassing the Mzarabani Conventional Gas Prospect and the Mukaiwa Gas Prospect; it also maintains interests in Petroleum Exploration Block 1 onshore Namibia. Invictus Energy offers seismic data acquisition and interpretation services, drilling operations, and resource certification through independent assessments, targeting conventional natural gas and potential oil discoveries for regional energy markets. Founded in 2018 and headquartered in Perth, Australia, the company operates primarily in Zimbabwe and Namibia, with a focus on onshore conventional assets serving Southern African power generation and industrial customers.
In recent developments, Invictus Energy announced a significant natural gas discovery at the Mukaiwa-1 well in Zimbabwe in 2024, confirming a working prospective resource estimate exceeding 10 trillion cubic feet for the Lower Angwa Formation; this follows the earlier Mzarabani discovery in 2022. The company secured a strategic farm-out partnership with Hong Kong-based Orion Energy Partners in late 2024 to fund appraisal drilling and development studies, reducing its carried interest while retaining operatorship. Additional changes include the completion of a A$53 million capital raising in mid-2024 to support seismic reprocessing and drilling campaigns, alongside regulatory approvals for expanded exploration activities in Cabora Bassa.