As with the 2 Stx wells, you can release all the info you want, and lots do, and it looks great, but it doesn’t guarantee the well will flow, not having a go but I think until the flow test Mukuyu is still an unknown quantity, like the PPSA terms.
With only 2 wells in a new basin (1 of them is P and A) and nothing has been flowed to surface, the unknown factor is too great for the market to take this seriously. A good flow test will move the needle. Let’s hope the timeline doesn’t slip too far back on it, I would like to see a third well this Year after 4 in 2 Years have been bandied about.
IVZ Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
