Thanks Kiwigeo
have to say on balance it looks like SBM wont make much difference, with net result been more costly and allow for sp to drift lower.
Nice entry price for some friends.......
I can see good use of SBM for other development drilling, where geology is unknown,
but assuming that Mukuyu-2 will be drilled close to MK-1 and considering that plans are now for a 3D mapping,
they must be able to predict pre-drill where differential pressure and possibly permeability zones are.
During side-track I was puzzled by the T Bar clamp breakage, just when we were so close to oil samples.....
Have to say after almost everything broke down, there wasn't much left to break.
Another interesting bit comes from the owners of 20% of IVZ license,
I was under the impression that 20% share was owned by the Gov. of Zimbabwe
and not 5 private individuals, where 4 of them can't even be publicly named......
I am changing my recommendation from buy to neutral,
in light of the many unknowns that are surfacing...
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Open | High | Low | Value | Volume |
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5 | 1416070 | 0.070 |
2 | 134492 | 0.069 |
2 | 110000 | 0.068 |
2 | 148625 | 0.067 |
Price($) | Vol. | No. |
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0.074 | 570200 | 5 |
0.075 | 716858 | 6 |
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