Invictus Energy Begins Rig Move to Musuma-1
Key points
- Rig Move to Musuma-1 exploration well begins
- Completion of Musuma-1 wellpad and access roads
- Rig-up and maintenance activities to follow
Full summary
Invictus Energy Ltd (ASX: IVZ) announced that the relocation of Exalo Rig 202 from the Mukuyu-2 wellsite to the Musuma-1 exploration well has begun, a crucial milestone in their Cabora Bassa Project in Zimbabwe. This follows the completion of the Musuma-1 wellpad, associated civil works, and access roads. Following the rig move, Exalo will complete rig-up operations and remaining maintenance before final rig acceptance. Musuma-1 aims to test a high-impact exploration prospect on the Eastern Margin of the Cabora Bassa Basin, potentially establishing an additional material hydrocarbon accumulation within the Company's acreage.
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