Sorry
@timmasbd that things are not going according to YOUR time-table. This is not to excuse IVZ management. They have in hindsight made some mistakes along the way but I don't think anyone here, including yourself, would be whinging right now if suddenly the PPSA were to be announced. Unfortunately, the the signing of the PPSA is out of management's hands and very much under the control of the Zim Gov't. I wouldn't be surprised if the Gov't require assurance that the well is truly economical and are possibly awaiting the Mk-2 flow-test results.
If you've had a gut-full, its possibly time for you to sell my friend and move on. O&G investing is never a straight-forward game and full of risks. Patience is the name of this game here, especially in a third world country, and for those who can bite their time while things fall into place (albeit slowly), will be well rewarded.
Thinking big-picture, the Cabora Bassa basin is 150 km long and 85 km wide and likely fully charged. Thus far, we have two discoveries under our belt and more on the way. Given the basin size and scope for energy production for southern Africa, the upside here is absolutely staggering!
Til then, hold onto your hats and all the best.
