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Extension of Cooperation with Invictus Energy in Zimbabwe

Exalo Drilling has signed an annex to the agreement with Invictus Energy for drilling additional wells in Zimbabwe. The annex pertains to the execution of drilling operations in the years 2024 and 2025, which will be conducted after completing the drilling of the current Mukuyu-2 well with the IRI1200 #202 device.

Exalo Drilling has been conducting operations in Zimbabwe for Invictus Energy since 2022, during which one drilling well, Mukuyu-1, with a depth of MD 3603, was completed. Currently, ongoing work is taking place on the second well, Mukuyu-2, expected to conclude by mid-December.

This is not the sole experience our company holds on the African continent. Exalo Drilling has executed drilling projects in countries such as Mozambique, Uganda, Ethiopia, Tanzania, Egypt, Libya, Morocco, and Chad.

The extension of the agreement with Invictus Energy attests to the high professionalism of Exalo Drilling and the trust that the operator places in our company.