Ann: Appointment of New Director, page-26

You're right Rocket. Both are required to make it viable.

Serena will hang onto SDL / Cam Iron's Congo permits, but things can change depending on the whims of the Govt as nothing in Africa is set in stone.

The project is Mbalam-Nabeba in totality. There is no singular form. it would, as you point out, make no economic sense in isolation, and SDL holding rights to an uneconomic project make even less sense - especially when there is no one else on the horizon to fund that isolated project.