IVZ Share Price, page-7526

This is a repost from SkyRain on the old Mobil report:

A bit of history re. Mobil in Zimbabwe.

https://www.sundaymail.co.zw/oil-gas-reserves-found-in-zim

These guys were very bullish at the time but obviously had to deal with Mugabe which put everyone off...

An extract below...

Sedimentologist and geological consultant Dr Dennis Shoko, who worked with Mobil on the initialexploration, said: “The work carried out by Mobil was very extensive and the results they produced were very positive. Their surveys included airborne geo-physical work. They worked on the structure of our basin in areas such as the Mana Pools, the Cabora Basin and Zambezi Basin.“Their conclusion was that there was an almost 100 percent potential of gas, which then makes having oil a possibility. They then proposed to have a joint venture with Government to begin work that included drilling and setting up a 4km-deep borehole. But at that time, Government said it was not apriority and turned down the joint venture.”He added: “In recent years, an oil leak was discovered in Lupane, meaning there is high chance that there is oil in the Cabora Basin, which covers the north part of the country and the area between the escarpment and the Zambezi River. Remember we also share this basin with Mozambique, which has also discovered oil.