Interpose Holdings Limited announced that it has entered into a binding sale and purchase agreement to acquire an 80% interest and operatorship in the SG4571 Permit (Cabora Bassa Project) located in Zimbabwe via the acquisition of a 100% interest in Invictus Energy Resources Pty Ltd. (Invictus). As part of the proposed transaction, Interpose will appoint experienced oil and gas executive, Mr. Scott Macmillan, as its Managing Director. Mr. Macmillan is a Zimbabwean national and reservoir engineer with over 12 years experience in oil and gas.

He was previously the Business Advisor in the Global New Ventures group for Woodside Petroleum, which focused on Africa exploration and the Senior Reservoir Engineer for AWE Ltd, responsible for the Waitsia Gas Field development in Western Australia. He also has extensive business experience in Zimbabwe. In addition to the proposed appointment of Mr. Macmillan, Interpose also announced Mr. Brent Barber as the Company's in-country manager (upon completion of the transaction).