IVZ invictus energy ltd

Cabora Bassa officially granted National Project Status & PPSA terms agreed

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    HIGHLIGHTS
    • National Project Status (NPS) granted to Invictus Energy’s Cabora Bassa Project in
    Zimbabwe
    • Petroleum Production Sharing Agreement (PPSA) terms agreed and final agreement being
    prepared for execution
    • Recognition of the strategic national and regional importance of the Mukuyu gas -
    condensate discovery and Cabora Bassa Project
    • Follows last week’s confirmed partnership with Qatari-based Al Mansour Holdings led by
    His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani of Qatar
    • Strengthens Invictus’ position to advance towards commercial gas production and long -
    term value creation for Zimbabwe and shareholders
    • NPS provides significant fiscal and non-fiscal benefits and incentives to assist
    advancing Cabora Bassa towards commercialisation

    https://api.investi.com.au/api/announcements/ivz/1ea25535-8e4.pdf
 
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