I think we will find more liquids in Upper Angwa vs. Lower Angwa. So valuation UA may be similar to LA. But this is pure speculation on my part and probably completely wrong! IVZ holders need net pay numbers so we can make proper sense of what is going on in UA and LA. Then we can re-run the numbers. We should also look at potential results of a flow test and what this can mean for NPV estimates as some commentators have correctly identified that good flow rates = $$$$. Porosity and permeability results will give us some comfort here hopefully.
IVZ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
