Yep exactly this. I work for a super major and if we farmed in to this and took operatorship after MK-1, we would have studied the existing data to death for 1-2 years, shot new seismic, studied that to death for another year or two... then maybe have the plan to drill MK-2 in 2025+.
IVZ can be so much more agile than a major during this exploration/appraisal/pre-development pilot phase - yes maybe with more hiccups along the way.
Majors don't need to be in a rush since they have some much else going on. For a junior like IVZ... it is the only project and the only way to add value for shareholders so need to go quickly.
JRI Fireside chat with Scott Macmillan Tues. Nov 28 @ 9:00 Perth/12:00 Sydney, page-485
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