Past year: ▼ 64%(5.00c – 17.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2026contract award▲ GoodMajor
Invictus signed a Deed of Variation with Exalo for Rig 202 and confirmed the Musuma-1 spud for November 2026, narrowing the earlier 'H2 2026' timing. Wellpad construction starts next week; remaining well services contracts are still to be awarded in coming weeks.
7 July 2026contract award▲ GoodMajor
Contracts were awarded for Musuma-1 wellpad construction, civil works, road upgrades and water supply. Exalo is starting maintenance on Rig 202, and well services awards are expected in coming weeks. Spud remains on track for H2 2026.
10 June 2026listing compliance notice● Neutral
Replying to an ASX aware letter, Invictus said it learned of Zimbabwe's intent to sign the PPSA only on the evening of 26 May 2026, so it had nothing definite to disclose earlier. It confirmed Listing Rule compliance.
28 May 2026material agreement▲ GoodMajor
The Petroleum Production Sharing Agreement was signed with Zimbabwe on 28 May 2026, ending a delay that had run since January. It sets the legal and fiscal framework for Cabora Bassa, covers National Project Status and Special Economic Zone status, and formalises Mutapa Investment Fund participation.
20 May 2026other● Neutral
Top 20 holder report for the new IVZOC options (exercisable at $0.10, expiring 20 May 2028): 113,194,444 options held by 97 holders, with the top 20 holding 83.06%. Administrative filing with no new news.
20 May 2026admin correction● Neutral
Corrects the earlier option expiry notice: quotation of the IVZOA options now ceases at close of trading on Monday 1 June 2026, not 2 June. The $0.20 expiry date itself is unchanged.
14 May 2026capital raising announcement● Neutral
Prospectus offering quoted options: up to 83,333,333 to placement participants, 27,777,778 to the lead manager and 2,083,333 to S3 Consortium. It formalises the options attached to the April placement and raises no new money.
8 May 2026security holder rights change● Neutral
Notice that the listed IVZOA options, exercisable at $0.20, expire on 7 June 2026, with 256,042,153 on issue. Holders can exercise, sell or let them lapse. Administrative notice.
7 May 2026drilling progress report▲ Good
Site work has started for Musuma-1: the wellsite is surveyed, rig move planning has begun, and drilling and service contract awards are targeted for June 2026. Spud remains planned for H2 2026. No drilling result yet.
29 Apr 2026investor presentation● Neutral
April 2026 investor presentation restates the Cabora Bassa story, including Musuma-1 drilling in H2 2026 and a stated market cap of A$121m at $0.07. It repeats known facts and states no resource changes.
21 Apr 2026capital raising announcement▲ GoodMajor
Invictus raised $10m via a placement of 166,666,667 shares at $0.060, with one $0.10 two-year option for every two shares, mainly to fund the Musuma-1 well. This follows the failed Al Mansour funding; spud is now stated as H2 2026, not H1.
What it means for a shareholder
167m new shares at A$0.060 to raise about A$10.0m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (16,667 at the issue price), your slice goes from 0.00225% to 0.00184% of the company. To keep it you'd need 3,758 more shares - about A$225 at the issue price.
Create a free account to see this worked out for your own holding.
10 Apr 2026regulatory community update▲ GoodMajor
Zimbabwe's environmental agency renewed the environmental approval for SG 4571 and EPOs 1848/49 until March 2027, finishing permitting for Musuma-1 and Mukuyu appraisal. PPSA signing, previously expected in January, is now scheduled for April.
13 Mar 2026half year report● Neutral
Half-year to 31 December 2025 net loss was $4.23m, versus $3.32m a year earlier. Report notes PPSA signing expected Q1 2026 and the later termination of the AMH agreement. Balance sheet figures are not in the readable extract.
27 Jan 2026material agreement termination▼ BadMajor
Invictus terminated the A$37.8m Al Mansour Holdings subscription agreement, saying AMH did not intend to perform it, and ceased all talks after failing to agree terms for a 50% route. This ends the Qatari funding, the US$500m offer and the AMOG joint venture; Invictus says it is talking to alternative funders.
7 Jan 2026director officer appointment● Neutral
CFO Vicky McLellan, who joined in August 2024, was appointed Joint Company Secretary alongside Gabriel Chiappini. Administrative governance change.
22 Dec 2025regulatory community update▲ GoodMajor
Zimbabwe's Petroleum Production Sharing Agreement process for Cabora Bassa is complete, with formal signing expected in January. This moves the long-running PPSA thread close to the finish, but execution has still not happened.
26 Nov 2025joint venture update▼ BadMajor
Invictus and Al Mansour Holdings are negotiating a structure giving AMH and other Qatari parties a pathway to 50% of Invictus, needing an independent expert's report, approvals and a shareholder vote. The A$37.8m placement settlement is deferred again, to 27 January 2026. No agreement is guaranteed.
28 Oct 2025annual report● Neutral
Appendix 4G for the year to 30 June 2025 is the key pointing to Invictus's governance disclosures on its website. Statement is stated current as at 2 October 2025. Administrative filing only, no substantive news.
28 Oct 2025annual report● Neutral
2025 Annual Report calls the Al Mansour Holdings partnership one of the most important milestones in Invictus's history and notes the new Al Mansour Oil & Gas venture and National Project Status. Financial figures are not in the readable extract.
28 Oct 2025annual report● Neutral
Corporate Governance Statement for FY25 sets out how Invictus follows the ASX governance recommendations. The extract shows compliance on most principles and 'partially' on diversity (1.5). Administrative disclosure with no operational or financial news.
29 Sept 2025price query▼ Bad
Responding to an ASX query over a fall from $0.225 to $0.155 on heavy volume, Invictus said it knew of no undisclosed information. It said the move followed an amended Appendix 3B deferring the Al Mansour Holdings placement.
29 Sept 2025joint venture update▼ BadMajor
The A$37.8m Al Mansour Holdings placement was deferred to settle on or before 1 December 2025, to align with finalising the joint venture shareholder agreement and governance. Management says it remains on track to complete. Delays the funding announced 27 August.
25 Sept 2025other● Neutral
ASX paused trading in Invictus securities pending a further announcement. No reason is given in the notice itself. It follows the 25 September price query.
19 Sept 2025annual report● Neutral
Statutory financial report for the year to 30 June 2025. The extract shows only the contents page, directors and corporate details, so no figures can be reported here.
15 Sept 2025regulatory community update▲ GoodMajor
EPOs 1848 and 1849 (80%) were renewed for a further three years, ahead of their September 2025 expiry. The company plans a work program including Musuma-1. Gazettal of the renewal is still to follow.
2 Sept 2025regulatory community update▲ GoodMajor
Zimbabwe granted Cabora Bassa National Project Status, bringing duty exemptions and faster permitting. PPSA terms are agreed and the final agreement is being prepared for execution. This resolves the NPS thread and moves the long-running PPSA thread close to signing, though it is not yet signed.
27 Aug 2025capital raising announcement▲ GoodMajor
Qatar-based Al Mansour Holdings signed a binding deal to buy 19.9% of Invictus for A$37.8m at A$0.095 a share, to fund Musuma-1 and work. It also offers up to US$500m of conditional future funding, and a joint venture, Al Mansour Oil & Gas, will pursue African acquisitions.
20 Aug 2025security holder rights change● Neutral
Board approved staff incentives: 11,999,997 performance rights vesting if shares hold $0.10 for 20 days within 12 months, and 22,832,154 three-year options at $0.10. Managing Director's share (2.5m rights, 5.075m options) needs shareholder approval at the AGM.
27 June 2025regulatory community update▲ GoodMajor
Invictus received an updated draft of the merged PPSA/PEDPA, but finalisation has slowed by new terms from external advisers. Finance Ministry agreed to grant National Project Status, with incentives such as duty exemptions. Musuma-1 procurement is underway, spud still targeted H2 2025.
14 Apr 2025drilling scheduled▲ GoodMajor
Musuma-1 is confirmed as the next well, a vertical well to about 1,500m targeting 1.2 Tcf of gas and 73 million barrels of condensate (gross mean unrisked), with spud planned for H2 2025. The PEDPA and PPSA are to be merged into one agreement. Firms up the 2025 Musuma plan; the merged agreement may delay the PPSA.
