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Invictus Energy Ltd (ASX:IVZ)

ALERT: Price-sensitive ASX Announcement for IVZ
Current share price for IVZ : $0.060 0.008 (15.38%)+
Announcement
Release
7 Jul 2026 9:17AM
Price at Release
$0.052
Full Release
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Summary
Invictus Energy Ltd has announced the award of key contracts for the construction of the Musuma-1 exploration wellpad and associated civil works as part of their Cabora Bassa Project in Zimbabwe. The contracts include upgrades to access roads and the establishment of necessary water supply infrastructure, with Exalo Drilling S.A. managing Rig 202's maintenance and mobilisation. The company has prepared logistics plans for the upcoming drilling campaign, securing long lead equipment suppliers. Musuma-1, targeting an estimated 1.2 trillion cubic feet of gas and 73 million barrels of condensate, represents a significant exploration opportunity outside the Mukuyu area. Traditional ceremonies are scheduled before construction begins, and the company remains on track to commence drilling in the second half of 2026.
Key Points
  • Contracts awarded for Musuma-1 wellpad construction and logistics.
  • Wellpad construction includes road upgrades and water supply infrastructure.
  • Exalo Drilling S.A. handling Rig 202 maintenance and mobilisation.
  • Long lead equipment suppliers evaluated for Musuma-1.
  • Logistics and mobilisation plans prepared for Musuma-1 drilling.
  • Musuma-1 targets 1.2 Tcf gas and 73 million barrels of condensate.
  • Musuma-1 is a high-impact exploration outside Mukuyu area.
  • Ceremonies planned at Musuma-1 wellsite before construction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.