Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-684

JV partner will fast track next 4 wells most likely. Lets say current rig they can keep on site for another two years at two wells per year plus JV partner the makes IVZ able to organize another few wells at the same time frame.
If they could say we will have dug another 7weels within two years then how are they looking?
Every time I try to do some sums in time and money then it dawns on me that there is no fast way for IVZ...best possible outcome is 6 or 7 wells next two years if JV partner arrives. Other wise sell the whole schebang and we walk...
Adjustment to Roch's estimates...5 years $2.40 sp for IVZ. Then he will turn around and say "I told you so" LOL.