This is a extract from a note sent out by PAC this morning, they don't expect to be called upon again:
Three Pool funding for accelerated development and exploration
In the meantime, IVZ is busy preparing multi-pronged value-creating activities to be funded from three pools:
- Pool 1, Strategic Investors – is now under way to involve Zimbabwean investors.
- Pool 2, Farmout – with 80% equity IVZ has capacity to bring in partners for appraisal/exploration.
- Pool 3, Bank and Development Agency Funding – on demonstration of productive gas/liquids flows.
Ann: Quarterly Report & Cashflow, page-35
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