March 8, 2021
Key Investment Highlights of Invictus Energy Ltd:
Strong Near & Medium-term Catalysts
▪ Production Sharing Agreement with Republic of Zimbabwe anticipated to be signed within the month of March
▪ Commencement of seismic campaign to refine Mzarabani drilling targets & identify additional prospectivity to be undertaken within Q4 FY21
▪ Drilling campaign slated for late CY21 / early CY22
Low comparative Valuation
▪ Low valuation in comparison to Sub-Saharan Oil & Gas peers with assets exhibiting similar or lesser qualities to SG 4571
▪ ReconAfrica (TSXV:RECO) is following a near identical work program to IVZ & has achieved a material re-rating for shareholders, moving from $65m to +$580m following drilling and seismic work
▪ IVZ sits in a near identical position to Recon’s work program where this re-rating began to take place
Strategic Positioning
▪ High quality surrounding infrastructure & multiple transportation routes to a range of downstream markets and multiple offtake agreements in place
▪ Significant Southern African Energy shortage with gas energy ideally placed to substitute retiring +10k MW of South African coal fired plants
▪ Rapidly developing & supportive jurisdiction of Zimbabwe
