"He said actual work on the ground was expected to begin next month with geophysical activities,...."
“Wehavebeenseizedwithnegotiatingaproductionsharingagreementwiththeinvestor,”saidMinesministerWinstonChitando.“Theproductionsharingdraftagreementisalmostinplace.”
Hesaidactualworkonthegroundwasexpectedtobeginnextmonthwithgeophysicalactivities,addingthatthedrillingofthetestwellswasscheduledtostartinthethirdquarterof2021.
Hesaidtwotestwellswouldbedrilled,onewhichisfourkilometresinlength,withtheotherbeingtwokilometresinlength.HesaidatotalofUS$20millionwouldbespentbyGeoAssociatesfortheexplorationprocessoveranareaof100000hectares.”
Thebiggestsignalyetthatthisisfullsteamaheadwithgovernmentsupport.Theministeralsonotesthattwowellswillbedrilled,notone.Hopefullythisisthecaseforthefarmoutbutwaitandsee.
It’sbeenawait,butitsoundslikeit’sfinallyallcometogether,nextfewweeksshouldbeverygood!
The coming "work on the ground" should be paid from FO partner and controlled, instructed or done by FO Partner.
That means we shoud see corresponding announcements within the next 3-4 weeks.
A 2 year long wait is coming to an end. Finally….
Forward to the Farm In, page-621
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