By Digifin Pty Ltd · About this coverage
Key Points
- Exalo Rig 202 relocated from the Mukuyu-2 wellsite to Musuma-1, with rig-up underway
- Well services equipment mobilisation has commenced for the Musuma-1 exploration well
- Musuma-1 remains on track to spud in the coming weeks during November 2026
- Spud timing depends on the arrival of remaining critical well services equipment
About Invictus Energy (ASX:IVZ)
Invictus Energy Ltd is an ASX-listed oil and gas exploration company headquartered in Perth. Its main asset is the Cabora Bassa Project in northern Zimbabwe, where it explores for natural gas and condensate.
Invictus Energy (ASX:IVZ) gave an operational update to report that rig-up and well services mobilisation have started for the Musuma-1 exploration well, moving the well closer to drilling at its Cabora Bassa Project in Zimbabwe.
Exalo Rig 202 has been relocated from the Mukuyu-2 wellsite to Musuma-1. Rig-up is running in parallel with the mobilisation of well services equipment and personnel, and with the completion of remaining rig maintenance, installation and testing ahead of final rig acceptance. Invictus owns 80% of the Cabora Bassa Project and is its operator. The company says Musuma-1 remains on track to spud in the coming weeks during November 2026. Managing Director Scott Macmillan describes the well as a test of a significant new exploration target that could potentially add to the company's existing gas-condensate discoveries in the Cabora Bassa Basin.
The precise spud date depends on the arrival in Zimbabwe of the remaining critical well services equipment, followed by final operational readiness activities. The release gives no cost, target depth or drilling duration for the well.
Source: Invictus Energy Ltd (ASX:IVZ), 6 November 2026. Summary content supplied by Digifin Pty Ltd.
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