Some other info from the company presentation:
Key Milestones - Karoo
1st half 2010: commence development drilling
2nd half 2010: independent scoping study
2nd half 2011: initial JORC compliant estimate
2nd half 2012: targeted JORC compliant estimate
of ~30mlbs
1st half 2013: complete feasibility study
2016 - 2017: targeted commencement of production
To date the company has been on schedule and conservative in their estimates. I see no reason to see things changing as far as this is concerned. I remain happy! :)
pen potential, page-15
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