IVZ Profit Taking, page-118

Going through the latest investor presentation - so far we're on time with all strategic milestones (https://wcsecure.weblink.com.au/pdf/IVZ/02356809.pdf)

May - Dec 2019
Gas Sale MOUs with Sable Chemicals & Tatanga Energy for up to 1.2 Tcf over 20 years

January 2020
Cabora Bassa Project receives Priority Project Status from Zimbabwe Govt.

September 2020
Environmental Impact Assessment for seismic and drilling approved

Q1 CY21
Conclude Petroleum Exploration Development & Production Agreement with Republic of Zimbabwe (PEDPA signed with the Republic of Zimbabwe)
Signing Ceremony:

Q2 CY21
Commence seismic campaign to refine Mzarabani drilling targets & identify additional prospectivity

All the above milestones have been completed, what remains on the official timeline:

H2 CY21+
High impact basin opening drilling campaign

Things we should be expecting inbetween / in the lead up to the drilling campaign (required):
* PSA to be signed (most important)
* Farm-In announcement / update (should come straight after PSA)
* Seismic project results from Polaris: refined drilling targets & updated prospectivity (unsure of how long this will take)

Scott Macmillan has stated that we are in a much better position now, and securing a drilling rig in time will not be of an issue (plenty of options available).

The biggest obstacle for shareholders now is playing the waiting game