Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-565

For a comparison:

Currently I am participating another Onshore exploration well (disclaimer to be fair: location is not in Africa):

19th of Dez 2023 spud in and drilled to end depth (5275 ')

31st of Dez 2023 Baker Hughes Triple Combo Log: successful

1st of Jan 2024 Baker Hughes Formation Multi Tester, 19 successful test and sample points

1st of Jan 2024 Baker Hughes Side Wall Core Gun 89 cores recovered

Interpretation of all available data was done in the afternoon and evening. Decided last night to do completion, gave go ahead this morning, 2nd of Dec 2024 and well will be perforated and tested this week.

So I ask and I want to highlight.

Why IVZ is so slow, so expensive and has so many technical failures? And I am tired to read this bakered running gag.

In my opinion IVZ with their onshore wells must become more pragmatic, faster, less cost and technically more successful. IVZ does not need the planning and time table, and the overengineered technology of a 150 million $ deep water offshore well when they drill Onshore wells in Zimbabwe.

It is rediculus to wait 2 Quartals for perforations and testing at Mukuju 2, (first side track) including the deepening !