Announcement out - very interesting. Possibilities abound.An...

Announcement out - very interesting. Possibilities abound.

An initial question is when was the agreement with ONHYM first reached and why not disclosed till now? The share price was allowed to be pumped on a ridiculously low volume. Ivan was possibly lost for a long while in the casbah, not finding a way to keep we minions primed!

Moving on, a key 'ask' not disclosed is what money has been paid/spent to date?

Further, the disclosure is ambiguous about the agreed US$1M minimum over the next 2.5 years - not being clear whether that is just for the reprocessing, as it certainly won't pay for the intended 3 wells in 4 years (and certainly not offshore in up to 800 metres of water). Has DVM committed to 3 wells in 4 years perhaps? (Funding?)

Finally, is the 25% held by ONHYM a free-carry? And does DVM intend to farm-out, or is the 75% working interest a big magnet to establishing an office under the red flag with the green star and Ivan having to visit there via Europe frequently?

I will hold off rereading James Thurber's "The Secret Life of Walter Mitty" but I am not convinced yet that I should not refresh myself soon. Is Tarfaya merely like tartufo dessert - mud coloured with a different centre but with an attractive cherry on top that one first focusses on? Tarfaya being relinquished due to the GFC is too glib without further investigation. DVM playing 'offshore' is distant lands does not yet pass initial screening.

Hope springs eternal but caveat emptor and DYOR.