That is the question.
What are we selling to get the show on the road?
You would have to be wildly optimistic to believe if the sp was 30-40c that the deal wouldn't be any different with the sp at 7c. Just not realistic.
Flip side is a great flow test, well set for pilot project, and a couple of very quick shallow wells, I suspect we may drill Boabab before end of this year, with a liquid prone discovery, and the cost won't matter much IMO.
SM is doing what needs to be done to get the show on the road and insto's in Zimbabwe understand what this could mean for the country.
Everyone underestimates Sable Chemicals IMO. Fertilizer is critical to lifting the fortunes of farmers in Zimbabwe which happens quickly. Sable will be desperate for stable energy supply......not to mention power generation.
IVZ is in an absolutely unique situation.
Onshore, energy starved, close to main transmission lines.
Every drop of gas will be at a premium moated from world spot prices IMO.
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Price($) | Vol. | No. |
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