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. 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…

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