The Perth-based oil and gas explorer had previously announced in August 2025 that AMH would acquire a 19.9 percent stake in Invictus for A$37.8 million. In parallel, the two parties established a joint venture, Al Mansour Oil & Gas (AMOG), aimed at pursuing upstream oil and gas opportunities across Africa. AMH had also proposed to provide Invictus with conditional future funding of up to US$500 million to support the commercial development of the Cabora Bassa Project in northern Zimbabwe. “Accordingly, Invictus has ceased all discussions with AMH and no further negotiations or transactions are being progressed between the parties,” the company noted. Invictus said it remains focused on advancing its Cabora Bassa gas project, which includes the Mukuyu gas discovery, and confirmed it is engaging with alternative strategic and funding partners as it seeks to progress the project into commercial development.