Invictus Energy Secures Zimbabwe Licences, Prepares for Major Gas Well

• EPOs 1848 and 1849 renewed for three years by Zimbabwe Mining Affairs Board
• Musuma-1 well planned targeting 1.2 trillion cubic feet of gas and 73 million barrels of condensate
• EPOs cover prospects with combined unrisked resources of 2.9 Tcf gas, 184 million barrels condensate, and 1.2 billion barrels oil
• Exploration risks remain significant; further appraisal required to confirm recoverable volumes