******* General Advice Only *******
28th August 2025
Invictus Energy (ASX: IVZ) has secured a transformative partnership with Qatar’s Al Mansour Holdings to advance its flagship Cabora Bassa gas project in Zimbabwe. Under a binding memorandum of understanding and share subscription agreement, Al Mansour will invest A$37.8 million into Invictus via the issue of approximately 398 million shares at A$0.095 each—a premium to the prevailing market price. The subscription underscores confidence in Invictus’ strategy while providing critical growth capital.
In addition to the equity placement, Al Mansour has committed up to US$500 million in conditional future funding to progress the Mukuyu gas discovery through to commercial production. As part of the agreement, Al Mansour will take a 19.9% stake in Invictus and appoint a representative to the company’s board.
The alliance also includes the creation of Al Mansour Oil & Gas (AMOG), a new Africa-focused upstream company. Invictus will hold a 10% free-carried interest, with responsibility for asset identification and management, while Al Mansour will finance acquisitions and development.
AMOG will be chaired by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, with Invictus managing director Scott Macmillan appointed deputy chair. The venture aims to unlock strategic oil and gas opportunities across Africa.
Trade Rational
IVZ is now a major player in the Oil and Gas space. Before this funding was in place IVZ was trading around 20c looking to move to 30c. So anything under 20c looks like reasonable value. The cap raise was done at 9.5c, so that is the stop level needed for this trade. Be aware this is a wild cat opportunity, which is high risk high reward, so size appropriately
Trade Plan
- Buy IVZ up to 20c
- Stop Loss under 9c
- Initial Target 30c
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.