There's a lot of positive factors here: 1) 2 wells were drilled in the more riskier locations resulting in 2 discoveries (mukuyu 1 retrospectively), 1) The Zim govt is extremely supportive of this project. 3) They are located right in the market that they need to sell to with the SAPP so closely located. 4) There is a chronic energy shortage in both Zim and SA and industrial customers are begging for cheap energy, everyday these 2 countries lose so much of potential gdp because of power cuts on industrial production. If the flow rates can prove commercially viable, this project will be developed, from a govt perspective there is no way under the current circumstances that a proven gas field will not be developed. So I wouldn't worry about funding. The risk is more technical/geological regarding the flow test.
IVZ Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
