estimating:
2023: 2D seismic out east, 1 appraisal well on Mukuyu, farm-in for large capital injection
2024: 1 exploration well (BaoBab or out east), 3D Seismic on Mukuyu, 1 exploration well (Baobab or out east), No wells on Mukuyu as they interpret 3D
2025: Will be the big year, multiple appraisal wells sunk into Mukuyu, appraisal wells sunk into BaoBab/out east, maybe another 2-3 exploration wells on other margin prospects
2026: Should start to see production wells being sunk into propsects. All the while, since 2023s & 2024s positive drilling results, Zimbabwe & Co have begun making plans/building infrastructure to use the gas/oil for energy.
If we were to be taken out, would expect 2026 to be the year. If all things go to plan and we have positive results, would be disappointed with a takeover offer under $10.
IVZ - General Discussion, page-28
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