Invictus Energy Current SP: 6.6c Market Cap: around $105m Oil and Gas Explorer in Zimbabwe
After a year of doing nothing, IVZ seem to be gearing up for the signing of their PPSA (petroleum production sharing agreement) which is then expected to trigger a number of other announcements, including a JV partner and work program for 2025. I'm expecting the SP to rise significantly on the PPSA signing. JV is more risky as this could lead to further gains or quite a loss, depending on whether it looks like a good deal or whether they have to give up too much to get someone into the JV. Work program will be positive as it will provide further catalysts throughout the year.
Overall, a risky punt but could be worth it if things fall into place as expected.
