They haven't explicitly said that they have ordered the long lead items. However, the funds from the last placement were for: • Mukuyu-2 flow testing, appraisal drilling and well test design studies • Reservoir engineering studies and early-stage development concepts • Progressing early gas-to-power monetisation opportunities for Mukuyu-2 • Conducting 3D seismic survey over Mukuyu Gas Field • Purchase of long leads for shallow exploration wells targeting the Eastern Margin andBasin Margin plays • General working capital
I expect that long lead items would be underway but could easily be wrong.
IVZ Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
