IVZ on track to drill its second well in Q3 this year

Invictus Energy (ASX: IVZ) just signed up all of the well services contractors for its upcoming Mukuyu-2 well.

IVZ also confirmed today that the rig maintenance and upgrades had been completed and the rig was now ready to go for Mukuyu-2.

With all of the services contracts signed IVZ re-affirmed the Q3-2023 drill date for Mukuyu-2.

The next step is to start the rig and camp move before mobilisation works starts.

What’s next for IVZ?

Drilling Mukuyu-2 in Q3 this year.

After today’s announcement, IVZ doesn't have much work left to do before it can mobilise its drill rig onto the Mukuyu-2 well site.

IVZ’s rig is “warm stacked” meaning it is warmed up and ready to go once IVZ is ready to start drilling.

At the moment, drilling is targeted for Q3 of this year.

2D Seismic programs across eastern part of project.

IVZ has already started its 2D seismic program across the eastern part of its project.

We expect the program to be run in the background while IVZ drills its Mukuyu-2 well.

The seismic program is expected to finish in July and the processing and interpretation of the data to take place over H2-2023.