Invictus Energy Limited announces the appointment of Dr Stuart Lake as Non-Executive Chairman of the Company, effective 1 August 2019.

Dr Lake has over 34 years of global experience in the Petroleum industry and significant expertise, having operated assets in 20 countries worldwide, including in over ten African countries. He brings a combination of in-depth technical knowledge and a world class track record as an oil and gas finder, having led many teams in maintaining a 90% exploration success rate (from over 300 wells in 11 countries including deep-water and new plays) throughout his career.

Dr Lake has held a wide variety of roles in international Oil and Gas companies. Most recently as CEO of AGM Petroleum, the operator of the offshore South Deepwater Tano Block in Ghana, he brought in Petrica Energy as the new main shareholder and acquired over 2000km² 3D seismic, leading to a recently reported new oil discovery from the Exploration drill campaign.

Prior to his time at AGM, Dr Lake was CEO of African Petroleum Corporation Ltd, where he successfully concluded a number of farm-outs and commercial deals for their West African portfolio in a challenging market and successfully listed the company on the Oslo Bors in Norway, transferring the company from the NSX.

Between 2009 and 2013, Dr Lake served as Vice President of Exploration in the Hess Corporation, leading highly successful Exploration campaigns, including the seven consecutive deep-water discoveries in Ghana (recently purchased by Aker Energy) and 30 onshore discoveries in Russia.

His experience prior to 2009 included Dr Lake spending four years in the Apache Corporation overseeing Global New Ventures and Exploration/Exploitation activity in Argentina and Chile and over 19 years at Shell International, where he held a wide variety of positions in both Exploration and Production throughout the world including Vice President Exploration in Shell Russia.

Dr Lake joins the Board of Invictus, in addition to being a Non-Executive Director of Tamboran Resources Limited, which is focused on exploring for and developing unconventional oil and gas resources in the Northern Territory in Australia with Santos. He has also previously held Board positions with Energy and Geoscience Institute (EGI), University of Utah, USA and CeREES Centre of Geo_Energy, University of Durham, UK.

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