BUZZ-Australia's Invictus Energy jumps after Zimbabwe grants national project status to Cabora Bassa

Reuters09-02
BUZZ-Australia's <a href="https://laohu8.com/S/IVCTF">Invictus Energy</a> jumps after Zimbabwe grants national project status to Cabora Bassa 

** Shares of Australia's Invictus Energy IVZ.AX rise as much as 19.4% to A$0.215, their highest level since mid-December, 2023

** Upstream oil and gas co says its flagship Cabora Bassa project in Zimbabwe has been granted national project status by Zimbabwean finance minister

** Status provides significant fiscal and non-fiscal benefits and incentives that will help advancement of Cabora Bassa towards commercialisation - IVZ

** Says terms under a petroleum production sharing agreement with Qatar-based Al Mansour Holdings have been agreed upon following deal confirmation on August 27

** About 32.7 mln shares change hands, 4.0x the 30-day avg

** YTD, stock up 171.6%, including the session's gains

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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