Invictus Energy Ltd. is preparing to drill the Musuma-1 exploration well in the Cabora Bassa Project, Zimbabwe.

The well is expected to spud in second-half 2026 and is targeting an estimated gross mean unrisked prospective resource of 1.2 tcf of gas and 73 million bbl of condensate.

Musuma-1 has been confirmed as the first high-impact exploration well to be drilled outside the Mukuyu gas-condensate discovery area, targeting a new play type in Cabora Bassa basin. The well has the potential to unlock a substantial new resource base in the eastern portion of the license area where several high potential prospects have been identified from the CB23 seismic survey.

Musuma-1 presents one of the strongest technical cases observed outside of Mukuyu and will be crucial to understanding the resource potential in the eastern portion of Invictus’s dominant acreage position.

Key contracts have been awarded covering wellpad construction and civil works, and the mobilization of logistics and support services. The scope of work includes upgrades to access roads required to support rig transport and ongoing operations, as well as establishing water supply infrastructure required for drilling operations.

Site works are being planned to ensure the wellpad and associated infrastructure are ready to receive Rig 202 in line with the planned drilling schedule. Invictus has completed the evaluation of long lead equipment suppliers required for the well and is preparing to make the award for supply of the remaining equipment.

Exalo Drilling SA, the contractor for Rig 202, is mobilizing a team to Zimbabwe this week to commence in-country setup and commence the scope of work associated with critical maintenance on Rig 202. This work is being undertaken in coordination with Invictus’ in-country team ahead of the planned rig move to the Musuma-1 wellpad and rig acceptance process in preparing the rig for the upcoming drilling campaign.

Evaluation of tenders for the provision of well services to support the Musuma-1 drilling campaign is well advanced. The company anticipates awarding the well services contract in the coming weeks, completing the final suite of contracts required to support the well, the operator said.

Invictus has prepared a logistics and mobilization plan which includes the coordination of equipment, materials, and personnel movements into the field to ensure operational readiness ahead of rig arrival at the Musuma-1 wellpad.

Invictus said it is finalizing selection of logistics providers, with a contract award expected to follow selection of drilling and well services providers.

Holding an 80% interest in the Mukuyu discovery area, Invictus also acts as operator of the project.