IVZ 3.90% 7.4¢ invictus energy ltd

Ann: Placement for Mukuyu-2 Appraisal Well & Phase 2 Exploration, page-73

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    https://www.invictusenergy.com/wp-content/uploads/2022/08/61104776.pdf

    SWFZ back-in entitlement

    The Assignment confers all exploration rights and obligations for EPOs 1848 and 1849 from SWFZ to Geo Associates and conversion to a Special Grant upon application following a commercial discovery. The SWFZ will be entitled to a 10 per cent back-in right within six months of an announcement of Final Investment Decision to develop any commercial discovery.
 
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