Invictus Energy Limited's (ASX:IVZ) Cabora Bassa Project in northern Zimbabwe comprises a massive 9.25 trillion cubic feet (Tcf) of gas plus 294 million barrels of conventional gas/condensate (gross mean unrisked). This makes it potentially the largest, seismically defined, undrilled structure onshore Africa.

Why we have invested...

• High potential of large resource size
  • Giant scale potential identified within SG 4571 in Cabora Bassa with multiple play types providing running room on success – first mover advantage.
• Burgeoning Southern African market for gas
  • Strategically positioned to supply energy starved domestic and regional markets – particularly large South Africa market.
• Zimbabwe: Strategic Location
  • Government and legislation is supportive of mining and foreign investment. Gas to Power can be generated locally and excess exported to neighbouring countries through the SAPP.
• Gas Sale MOI secured
  • Gas Sale MOI secured with Tatanga Energy underpinning development and monetisation of even a modest discovery. This follows an earlier MoU with Sable Chemicals to supply gas to its fertiliser plant for a team of 20 years.
• Onshore cheap entry cost
  • Low cost onshore exploration with proximity to infrastructure enables monetisation of discoveries – mitigates risk vs. reward.