Funding setback haunts Invictus

Invictus managing director Scott Macmillan

INVICTUS Energy (Invictus) faces a major funding challenge after its proposed joint venture with Qatar-based Al Mansour Holdings (AMH) collapsed in January.Advertisements This complicates ongoing hydrocarbon exploration in the Cabora Bassa basin, according to the company’s latest results. The deal, if concluded, would have seen AMH acquire a 19,9 percent stake in Invictus for A$37,8…

Subscribe to read full article. Subscribe today

Related posts

NicozDiamond targets tech-driven growth

Padenga invests US$17 million in exploration

FMH taps into informal sector

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More