I feel like there has been virtually 0 value placed on or reflected in the share price on the other targets in the licence areas. Mukuyu is just 1 (albeit the largest) of 15 or so targets under IVZ control. Basin master position.
With the data from Mukuyu so far, confirming working hydrocarbon systems, helping with calibration of seismic in the basin etc, the CoS on these targets is surely much higher than previous.
Assuming MK2 is a discovery, and If the seismic survey of the eastern fairway comes in with attractive prospective resources, I'd hope to see a pretty significant uptick in share price as a result of the seismic resource estimate.
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