Currently capped at $36.5M, IVZ has a massive gas project in northern Zimbabwe comprising 9.25 trillion cubic feet (Tcf) of gas plus 294 million barrels of conventional gas/condensate (gross mean unrisked).
After years of work, the company is edging closer to a farm out to drill test the project.
-A non-binding MoU has been signed for a farm out. -Its PEDPA has been reviewing and IVZ is awaiting sign off -Significant progress has been made on executing a seismic acquisition program.
All of this leads into the event we have all been waiting for - a high impact, basin opening drilling campaign to test the hydrocarbon potential of IVZ’s project.
Success on drilling this giant energy project would be truly transformational for IVZ, and with few shares on issue, we are expecting its valuation to increase as key milestones are ticked off.
