IVZ 0.00% 7.0¢ invictus energy ltd

It only includes the right to enter into a 25 year production...

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    It only includes the right to enter into a 25 year production license.

    People should go and rad the Kenyan The Petroleum (Exploration, Development and Production) Bill, 2015.

    https://nationaloil.co.ke/pdf/Petroleum_Bill_2015_-_210115.pdf

    In particular on page 35 about licensing, and I quote:

    (1) No person shall engage in upstream petroleum operations without—(a) executing a petroleum agreement in accordance with this Act

    and the definition of petroleum agreement in the act is:

    “petroleum agreement” means any agreement, license or contract or other arrangement between the Government and a contractor and/or
    amongst contractors to conduct operations in accordance with the provisions of this Act, which may include:
    (a) production sharing contracts;
    (b) concession agreements; and
    (c) service contracts;

    If people don't think Zimbabwe has something similar or will have something similar due to the fact that they are currently amending the act then so be it. All I know is that the PSA is a fait accompli and Invictus will have to execute one before a production license is granted by the Zimbabwe government.
 
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