Invictus raises $12M for Zimbabwe drilling 

INVICTUS Energy has raised $12 million via a private share placement to sophisticated and institutional investors to drill its Mukuyu target onshore Zimbabwe, which it believes contains a multi-Tcf conventional gas prospect. 

 Invictus raises $12M for Zimbabwe drilling   Invictus raises $12M for Zimbabwe drilling   Invictus raises $12M for Zimbabwe drilling   Invictus raises $12M for Zimbabwe drilling   Invictus raises $12M for Zimbabwe drilling 

MD Scott Macmillan

 
 
The company plans to drill between July and August this year, spudding the first well in the Cabora Bassa Basin in many years and its first since taking the project and joining the ASX