Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-719

I think the above webinar passage unequivocally means that the the current net pay does not include MK-2 from ~3500ish to TD.

So that would mean that 21 metres of net pay in the Lower Angwa comes from about 400 metres between the start of the Lower Angwa at 3100m down to 3500m. From that perspective, the net pay is about 5% of the Lower Angwa logged so far - (21 divided by 400m).

What interests me, like VOGC and I said above, is how much of that 21 metres comes from the overpressured zone between 3,360m - ~3,500. If the 21 metres came from that section alone (best case scenario perhaps) then the net pay is about 15% (21 divided by 140m).

Putting it another way, the net-to-gross figure based on the overpressured section might be much higher than the net-to-gross for the whole of the Lower Angwa logged to date.

Accepting I've been overly optimistic about this stock in the past, the evidence still suggests to me that the deeper Lower Angwa drilling is highly probable to at least double the current net pay and maybe increase it by something like 100 metres. And it will flow. As Kiwi pointed out, the Lower Angwa is the Massive Member and we have the overpressure/kicks etc. SM himself said it will flow.