Agree, there’s a reason they haven’t started the 3D and flow testing, and I don’t think that’s wrapped up with a general tools down until the PPSA hits the table, more likely it will be an inclusive part of the costings of the Jv deal.
Depending on drilling results outside of Mukuyu, more 3D seismic may be required, which I would also have factored into a Jv deal along with any testing, but that’s just me forward thinking.
If there is a lot of gas in the Eastern prospect/s, it puts the cat amongst the pigeons where you position the infrastructure. There’s also the expansion of the Mahogany prospect in the SG block which isn’t getting much of a mention at all.
IVZ Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
