IVZ 2.63% 7.8¢ invictus energy ltd

Putting this here from a conversation on the D*scord chat. All...

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    Putting this here from a conversation on the D*scord chat. All IMO only:

    We need the Mines and Minerals Act to be gazetted and moved through parliament. That designates mineral oils and natural gases as part of the mining affairs board. We have the right to 25 years of production already in the PEDPA but the PPSA is tied up with the passage of this act through parliament. It’s not waiting on a signature, it’s just the painfully slow parliamentary process.

    This is from ZELA (Zimbabwe Environmental Law Association) and may explain a little more:

    https://zela.org/strengthening-the-legal-and-policy-framework-to-safeguard-environmental-economic-and-socio-cultural-rights-in-zimbabwes-oil-and-gas-sector/


    “The rights acquired under this special grant to extract natural oil and gas cannot be ceded or assigned to another person – natural or juristic – without the consent of the President.[4] Moreover, the Mines Act highlights that a provision may be made in a special grant stipulating for the payment of royalties and annual fees on all mineral oils or natural gases”
 
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