Forward to the Farm In, page-576

You can do your own sums for the valuation of 35% of IVZ's target.
2.8 TCF gas and 85 mmbbls of condensate.
1 barrel of oil equivalent [BOE ] is around 6000 cubic feet of gas.
2.8 tcf / 6000 = ~ 465 mmboe + 85 mmbbls = 550 mmboe
Cairn Energy just sold 194 mmbbls for 630 million + up to 100 million more if certain hurdles are met which is ~ $3.20 pbo for some idea, this was fully appraised and was at the start of development.

Long way to go yet but the target is massive and one of the things I like is that its a stacked play.
One well can test several traps.

Will IVZ one day become a large power supplier to Southern Africa?
That would be nice!