IVZ.ASX: Musuma-1 Exploration Well Contracts Awarded for Drilling

Musuma-1 Exploration Well Contracts Awarded for Drilling

Stock	Invictus Energy Ltd (IVZ.ASX)
Release Time	7 Jul 2026, 9:17 a.m.
Price Sensitive	Yes

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Musuma-1 Exploration Well Contracts Awarded for Drilling

Key Points

Contracts awarded for wellpad construction and civil works
Exalo S.A. commencing in-country setup and rig maintenance
Logistics and mobilisation plan prepared for services
Drilling readiness for H2 2026 maintained

Full Summary

Invictus Energy Ltd (ASX: IVZ) has announced the award of key contracts for the construction of the Musuma-1 wellpad and associated civil works, marking a significant step in the preparation for drilling in the Cabora Bassa Project, Zimbabwe. The awarded contracts cover wellpad construction, civil works, and the mobilisation of logistics and support services. Exalo S.A., the contractor for Rig 202, is mobilising a team to Zimbabwe to commence in-country setup and critical maintenance activities. The evaluation of well services provision is well advanced, with the award of these contracts expected in the coming weeks. The company has also prepared a logistics and mobilisation plan to ensure seamless mobilisation of services required for the upcoming drilling campaign. The Musuma-1 exploration well remains on track for spudding in H2 2026.