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Invictus Energy Locks in Exalo Rig for November Spudding of Musuma-1 Well
['Nik Hill']
Small Caps
Invictus Energy (ASX: IVZ) has executed a Deed of Variation (DoV) with Exalo Drilling securing Rig 202 for the Musuma-1 exploration well at its Cabora Bassa project in Zimbabwe, with drilling scheduled to begin in November 2026.
The revised contract, agreed rig preparation scope, and secured mobilisation windows for key well services move the campaign into its execution phase as wellpad, civil, logistics, and maintenance work proceeds in parallel.
Construction of the Musuma-1 wellpad and associated civil works is scheduled to begin after customary cultural ceremonies and traditional protocols with local leaders and host communities, with the program covering the wellpad, supporting infrastructure and road upgrades.
Rig Readiness CampaignThe DoV formalises the revised scope of work and drilling schedule, with the agreed rig preparation program establishing the sequence ahead of mobilisation.
Following completion of the rig inspection and maintenance scope, Exalo is preparing an operational readiness campaign before moving the rig from Mukuyu to the Musuma-1 wellsite.