IVZ media thread, page-5641

So let’s talk about funding:

1. after the current rights they will have around 35 million in the bank

35 million in the bank gives them around 9-12 months worth of runway. 35 million takes this to a commercial state for farm in/Partnership, completed 3D to pin point every well correctly and maximise appraisal and completion of Mukuyu 3 which is from the east tenement which was generated by 2D coming out

Company already worth billions

2. Next round of funding will be debt and bank investment of 30-50 million, which is exactly what STX did

So where does 30-50 million take us. It gives us 3 additional wells

3. Next round of funding will be a farm in with billions


Nothing is going round in circles because it’s not. The development stage is partnerships and JV. The route towards production like Rovuma Basin company worth 16 billion dollars 2-3 years later. Any takeover under 4-5 billion dollars is laughable