Stockheads Peter Strachan recommends Invictus. I guess *...

Stockheads Peter Strachan recommends Invictus. I guess * is paid for PR articles, so probably not a independent recommendation.


https://unauthorised investment advice/energy/oils-rally-may-be-overblown-but-gas-still-offers-some-interesting-plays/

Looking further afield, Strachan pointed to Invictus Energy (ASX:IVZ) as another company with potential.“The whole of the southwest of Africa does not have much in the way of gas and yet they need about 1,000 megawatts of power each year, which has caused huge shortages of power,” he told *.Invictus holds the promising Cabora Basin project in Zimbabwe that was first explored by Mobil in the 1980s and early 1990s.While Mobil was quick to see its gas potential, it exited the project as there wasn’t much of a gas market at that time.No drilling has been conducted to date but what the company has uncovered from reprocessed seismic data is the presence of stacked objectives – some with amplitude versus offset anomalies that are an encouraging pre-drill indictor of possible hydrocarbons.“I think that would be very valuable gas if they were to find some gas there,” Strachan added.