Invictus Energy stock prices surged 162 percent on the Australian Stock Exchange following the company’s latest announcement.
Prices moved from AUD$.11 to AUD$.28 day, an AUD$.17 jump of almost 162 percent.
Invictus on Thursday announced the presence of a potential hydrocarbon system from an ongoing drilling at Mukuyu-1 well located at the Cabora Bassa basin in Zimbabwe.
An evaluation of samples sourced from the well indicated elevated gas levels of up to 65 times above the background.
The well is expected to be drilled to a total depth of 3,500 meters.
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