Invictus Energy Limited (ASX:IVZ)

An independent upstream oil and gas company focused on sub-Saharan Africa.

About Us

Invictus Energy Ltd is an independent upstream oil and gas company listed on the Australian Securities Exchange (ASX: IVZ). The Company is headquartered in Perth, Australia and has offices in Harare, Zimbabwe. 

Invictus is opening one of the last untested large frontier rift basins in onshore Africa – the Cabora Bassa Basin – in northern Zimbabwe through a high impact exploration program.

The Company’s principal asset is SG 4571 located in the Cabora Bassa Basin in Zimbabwe which contains the world class Mzarabani prospect – the largest undrilled prospect onshore Africa independently estimated to contain 8.2 Tcf and 247 million barrels of conventional gas condensate (gross mean unrisked basis).

Invictus Energy is committed to operating in a safe, ethical and responsible manner, respecting the environment, our staff, contractors and the communities in which we work.

Company Overview

Invictus Energy is an independent upstream oil and gas company listed on the Australian Securities Exchange (ASX: IVZ) and the OTC Markets (OTCQB: IVCTF). Our asset portfolio consists of the highly prospective SG 4571 & EPOs 1848/49, in the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa.

Invictus recently drilled its maiden Mukuyu-1/ST1 well in SG 4571, which identified 13 potential hydrocarbon bearing zones and proved a working hydrocarbon system in the basin.

The Company is now preparing to drill the follow-up Mukuyu-2 appraisal well, targeting multiple hydrocarbon (gas-condensate and potentially light oil) bearing intervals encountered in the Mukuyu-1/ST1 well in the Upper Angwa and Pebbly Arkose formations, with the aim of confirming a gas-condensate discovery.

Mukuyu-2 will also test additional prospectivity in the deeper Upper Angwa and undrilled Lower Angwa, which were not penetrated in the Mukuyu-1/ST1 campaign, providing further upside potential. It will also aim to test the Post Dande horizon away from the major east-west fault on the southern flank.

Board & Management

John Bentley

John Bentley

Non Executive Chairman

John has more than 40 years’ experience in international natural resource development, with a specific focus on Africa’s upstream oil and gas industry for the past three decades.

He was instrumental in the formation of Energy Africa Ltd and led the Company’s growth in 12 African countries and several important hydrocarbon resource discoveries, laying the groundwork for Tullow Oil’s successful US$500 million takeover of Energy Africa in 2004.

John has held executive and board roles in numerous E&P companies over the past two decades, with the majority focused on Africa, including Vanco Energy Company, FirstAfrica Oil plc, Rift Oil plc, Caracal Energy Inc, Faroe Petroleum plc, Wentworth Resources Ltd and most recently Africa Energy Corp. which made the significant Brulpadda and Luiperd play opening discoveries offshore South Africa.

Joe Mutizwa

Joe Mutizwa

Deputy Chairman and Non Executive Director

Joe is the current chairman of Mangwana Capital, a major shareholder of the Company. Joe served for ten years as Chief Executive of Delta Corporation, one of Zimbabwe`s largest listed companies before taking early retirement in 2012.

He currently sits on the Presidential Advisory Council (PAC), a body appointed by Zimbabwe’s President, His Excellency CDE E.D Mnangagwa, and is comprised of experts and leaders drawn from diverse sectors to advise and assist the President in formulating key economic policies and strategies in the country. Joe served on the board of the Reserve Bank of Zimbabwe (2015-2019) and currently chairs the boards of the of Star Africa Corporation Zimbabwe (ZSE: SACL), a local sugar refiner; as well as the board of the Infrastructure Development Bank of Zimbabwe (IDBZ).

Joe has a BSc degree (with first class honours) from The London School of Economics; an MBA from the University of Zimbabwe and an MSc from HEC – Paris and Oxford University.

Scott Macmillan

Scott Macmillan

Managing Director

Mr Macmillan is a Reservoir Engineer and founder of Invictus Energy Resources. He is a member of the Society of Petroleum Engineers (SPE) with +15 years experience in exploration, field development planning, reserves and resources assessment, reservoir simulation, commercial valuations and business development.

Mr Macmillan was previously a Senior Reservoir Engineer at Woodside Energy on large offshore Oil & Gas field developments and Business Advisor in the Global New Ventures team focused on Africa exploration as well as a Senior Reservoir Engineer for AWE working on the Waitsia Gas Field; the largest onshore gas discovery in Australia in the last 40 years. He has extensive business experience in Zimbabwe.

Robin Sutherland

Robin Sutherland

Non Executive Director

Robin has worked in the African E&P sector for nearly four decades and played a key role in the development of Energy Africa, joining as a specialist geophysicist in 1997 and had a hand in several important hydrocarbon resource discoveries.

Following the acquisition of Energy Africa by Tullow in 2004, he led Tullow’s exploration team through the discovery and appraisal of the Jubilee and TEN fields in Ghana, and the Lokichar Basin in Kenya before becoming Tullow’s General Manager Exploration Africa in 2015.

In 2020, Robin launched a successful consultancy business, assisting companies with exploration, appraisal and development of Africa’s extensive natural resources.

Gabriel Chiappini

Gabriel Chiappini

Non Executive Director & Company Secretary

Mr Chiappini is an experienced ASX director and has been active in the capital markets for 17 years assisting in raising +$450m and providing investment and divestment guidance to a number of companies having been involved with 10 ASX IPO’s in the last 12 years.

He is also a member of the AICD and CA ANZ. Mr. Chiappini is a director of Black Rock Mining, (ASX: BKT)

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