Zimbabwean President Emmerson Mnangagwa on Thursday announced that Australian Securities Exchange (ASX) listed entity Invictus Energy (IVZ), has discovered oil and gas deposits in the southern African country’s Mashonaland Central Province.

Invictus shares are currently suspended from trading on the ASX pending the release of the announcement regarding the Maiden Prospective Resource Estimate.

The ASX said IVZ’s shares “will remain halted until the earlier of, either the release of relevant information, or the commencement of trading on Thursday 1 November 2018”.

In accordance with ASX’s Listing Rule 17.2, a trading halt was granted on Tuesday 30 October 2018, pending the completion and the subsequent announcement on Friday of the Invictus Maiden Prospective Resource Estimate.