Ann: 2D Seismic commences at the Cabora Bassa Project, page-46

I agree with your points Dave. I also don't see why they would have raised so much cash and still have said in today's ann that drilling was on target still without having secured a service provider. I am just not sure why this has not been announced to shareholders yet being the case.
I am also happy that a farmin has also not occured yet as I would like IVZ to retain as much ownership in this project as posssible. At some point though a farmin is going to be necessary to fund ongoing expenditure. This also partly depends on how quickly IVZ can monetize Mykuyu as is stated as their plan. There is still much exploration to do in this basin and to which the upcoming seismic will add to their knowledge.
All the best to holders. Peace.
To Roch. Nice to see you have a sense of humour at least my friend.