A minimum case might be at least 400m net pay on Mukuyu because we don't know the thickness of the Lower Angwa. Then assume min case 35 m oil and the remainder is gas condensate. It might correspond to 1.5 * 5.21 + 5.21 = AUD 13 for successful wireline results. If you assume M1 and M2 represent 15 -20 of the area, range could be at least AUD 2.00 to AUD 2.60
IVZ Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
