IVZ Share Price, page-20982

What we know - positives

1. Massive Gas reserves - FACT
2. Strong Executive team with African experience - FACT
3. Massive need for their product - FACT
4. Highly likely big reserve of light oil - Probable, not yet concrete fact
5. CEO is trying his best to deliver - FACT
6. Overpressure zone exists in Lower Angwa
7. Government has been spruiking the discovery (showing they are excited)

What we know - negatives:
1. Challenging country to ethically deal with
2. Funding uncertain
3. Regulatory environment uncertain
4. Flow rate untested (likely to be fine due to overpressure - but objective quality evidence is required)

The basin has $Billions in NPV. That's not the issue. It's can IVZ successfully extract it in Zimbabwe.

If this was in Australia, it would be a completely different story. The market cap would currently be $500M and funding wouldn't be a challenge. Fact is, it's in Zimbabwe.