I, like everyone else here, reads how dire the electricity situation is in Zim and wonder why its taking years for them to sign, what is ostensibly, a cut and paste document........ The positive is once signed they will be hell bent on getting the pilot up and running to prove it can be a staged, almost well by well, advance to production.
Now I could be barking completely up the wrong tree BUT if MK2 is designated for production IMO IVZ would need to apply for a production permit. Could this also be holding things up? I know that there are certain rules once you announce that a field is commercial that you have to get on to a development plan. Could it be that they don't want to flow test until that is sorted? Its one thing to flow test a well, you can have commercial flow rates without declaring it commercial, but once you let gas to surface to run generators then its producing. I have wondered this for quite a while and it does feed in to the company narrative.
IVZ Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)