Ann: Additional gas discovery in Lower Angwa Mukuyu-2, page-665

Actually the results were fantastic...
I have allowed for IVZ to raise another $100 million or so to get this show firmly on the road and in turn become the Elephant it is setting free. IVZ monster in the making.
We come up to 2 billion shares on issue...average raise price of say 25 cents, 500 million more shares at 25 cents avge. is around $125 million in next coupe of years plus the oppies all convert at 20 cents (cant remember how many...) but say another $50 million and IVZ has its own cash reserves and requirements of $175 million.
That should just about do it for the next three or four years incl. gas to power set up etc. That will see IVZ with most likely another 8 or 9 wells at least (producing) a very substantial income which in turn will create divvies and a monster company steering its own way. SM and crew have the experience and ability to pull this off if no one wants to get involved.
It is almost easy now given the basin and the gas reserves available to IVZ. Al self owned and spoken for.
So adjust the horizon to show something like another 60% dilution via CR's ad sophs and partners all contributing this large amount of cash required to get us to high cash return income.
I say $175 million will get this job done...get used to it and hold on for the ride...its a solid slightly long haul (4 years or so?) to get to the stage IVZ needs to be at.
Rome wasn't built in a day and IVZ comes under that banner also. No quick ride to riches here IMHO but it is a ride to riches!
Or something like this...I am buying and holding. The nearest you can get to a sure thing IMHO and better by far than Real estate