Invictus Energy Limited provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Wellheads and Casing Long Leads Secured for Drilling Program: The company confirmed that it has secured the necessary casing, wellheads and ancillary long lead items for a 2-well drilling program commencing in May 2022. Bidding Process for Well Services Contract Completed and Award in Progress: The company has completed an extensive tendering exercise for integrated well services contract including cementing, directional drilling, logging while drilling, drilling fluids and wireline services for the upcoming drilling campaign.

The formal award of the contract is expected shortly.