Ann: Invictus Energy Corporate & Operational Update, page-118

This is NOT going to be cheap (for 2 years) to keep. You still have to pay the leasing fees even if its kept idle.

And if you drill another hole, its going to cost the company $15M to $20M - which is all the money they have left.

Exalo 202 rig secured for further two years

As announced to the ASX on 1 December 2023, Invictus executed a contract amendment with Exalo Drilling S.A (“Exalo”) to keep Rig 202 in the Cabora Bassa Basin for up to two years. Rig 202 is stacked at the Mukuyu-2 location whilst preparations are made for future drilling and testing campaigns in the basin area. During the rig stacking period Exalo will undertake maintenance on Rig 202. The contract extension will ultimately result in substantial cost and time savings as well as provide flexibility and mobility for Invictus’ future drilling campaigns.