Business Featured
UPDATED – Oil Company Mnangagwa Contracted, Invictus Energy Is Not Even Trading, It’s A Briefcase Office
2 November 2018
Spread the love

By Business Reporter| The oil/gas exploration company which ZANU PF leader Emmerson Mnangagwa contracted for the Mzarabani fields, is not even trading, ZimEye can reveal.

Invictus Energy’s entire business activity was solely dangling on Emmerson Mnangagwa’s press conference hoping it would “strike the magic” for a share value.

Their entire asset base is what they envisage to get from this Zimbabwean prospective contract.

Mnangagwa on Thursday announced that the 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 have however been swiftly suspended from trading on the ASX pending the release of the announcement regarding the Maiden Prospective Resource Estimate, ZimEye can reveal.

The main director, Scott Macmillan spoke to ZimEye in an interview saying nothing will move until after next week, Monday. SEE INTERVIEW BELOW [TIMELINE 32:00]:

https://youtu.be/TYw0vEA_eGw

VIDEO LOADING BELOW…

The company property was today found locked during working hours when the Australia based Zimbabwean, Mr Simba Mugadza arrived at Invictus Energy’s official address.

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”.
https://youtu.be/TYw0vEA_eGw

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.