Today’s 3c close was the highest close since December 20, 2019,...

Today’s 3c close was the highest close since December 20, 2019, I feel that we must be getting close to news. To think the original vend of the Mzarabani asset in early 2018 was done at 3c.


Since the vend a lot has happened;

- Completed acquiring 80% of the asset
- Processed $30 million worth of seismic data left behind by Mobil
- Signed a MOU with Sable chemicals
- Defined the largest onshore oil and gas target in Africa at 9.25TCF (potentially globally)
- Appointed Stuart Lake as Chairman, a proven operator in the O&G field
- Completed an Environmental Impact Assessment
- Completed Geochemical analysis of source rock types to oil seeps
- Signed a second MOU
- Been awarded priority status from the Zimbabwean government
- Had cultural ceremonies on site
- Presented to the Zimbabwean technical committee
- Started and advanced farm out agreements
- Done a strategic investment at a substantial premium to Zimbabwean institutional investors
- Started and advanced Production Sharing Agreement discussions with the Zimbabwean government


All the above has been completed and we sit at 3c still, quite remarkable.


Thinking optimistically as the share price creeps up, maybe a few are starting to realise the amount of work done here and the potential Risk/Reward pay off, if things go right, it’s huge.