M2 will be an appraisal well, from the bullishness displayed by SM over M1 results, will it be kept on as a producer if successful ??? Scott has always said they want to monetise this ASAP. IVZ involvement ends at the well head, and infrastructure will be involved after this step if required. So someone has to step up here, possibly the Zimbabwe Government, as part of their percentage may come directly from sales, which bodes well for IVZ percentage at the well head.
Mukuyu had Mobil’s wide spaced 2D, then IVZs narrower 2D infill to give the current map.
3D over the structure will give better definition and clarity. Probable reserves (P2) can be calculated from 3D. Rather than having anything outside the vicinity of the wells in Possible Reserves (P3). Given how M1 ended I’m not sure what classification can be justified from it if any.
M2 being on the higher ground bodes well for Wet Season drilling, giving it an edge in my book over Boabab.
Just a few thoughts.
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