Invictus posts US$1,3 million loss

ZIMBABWE’S only oil and gas operator, Invictus Energy Limited incurred a net loss of US$1,3 million for the year ended June 30, 2021, down 29% compared to the same period last year.

For the year ended June 30, 2020, the company incurred a US$1,8 million loss.

The Australian Securities Exchange-listed firm is exploring for oil and gas in the Cabora Bassa Basin in Zimbabwe, which is one of the largest under-explored interior rift basins in Africa.

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