You're losing sight of and not factoring in the sovereign risk...

You're losing sight of and not factoring in the sovereign risk of the asset, if discovered.
The Zimbabwean government won't be signing over PSA terms til they know exactly what the full extent of the discovery amounts to. That is imo the strongest headwind on this play and the sp.
Hopefully they go on to drill many more wells in the basin and report big juicy reserves to the zim govmnt, they may well turn around then and say well take %80 of the asset, thanks for your service and business.
All I'm saying is people wearing rose coloured glasses trying to assume reservoir size and price EV but it doesn't and won't reflect on the sp until we know how much the asset is retained by IVZ, big risk imo.