Drill rig now arriving on site, drilling expected in August.

Over the weekend, we saw a video from our 2020 Energy Pick Of The Year, Invictus Energy (ASX: IVZ), confirming that its Exalo 202 drill rig is arriving on site ahead of its maiden drilling program expected in August.

Below is a link to that post where you can see the video of the rig equipment arriving on site.

IVZ is gearing up to drill its elephant scale prospect in Zimbabwe with the potential to open up an entirely new oil and gas basin in the country.

As IVZ’s LinkedIn post mentioned, a new discovery could be a game changer for IVZ, Zimbabwe and the broader southern African energy markets.

The first well will target a giant prospective resource totalling 20 trillion cubic feet (Tcf) and 845 million barrels of gas condensate — a gross mean unrisked prospective resource of ~4.3 billion barrels of oil equivalent.

With the rig now arriving at the well site, IVZ expects drilling to commence in August.