The changes to the previous report from Mungi
1P: 21pj - Was 22pj
2P: 58pj - Was 58pj
3P: 151pj - Was 230pj
Molopo will have a 100% interest in the new wells, which will be drilled under the Sole Risk provisions of the joint venture agreement. Should drilling contract negotiations be successful, it is hoped that the drilling will commence at Mungi in about two months.
2 Months hey... Just fits in with the options timing...