Zimbabwe Signs Hydrocarbon MOU with Algeria, page-89

They have done everything humanly possible to learn and adapt from M1, so yes fingers crossed no stuff ups, it is still a well with complex operations attached, let’s hope for minor non life altering stuff ups.

I noticed another new thread, VOGC has done a lot of evaluations over the journey of M1 and IVZ, it would pay to go back and look at some of that stuff. The fireside chats on YouTube with Matt and co are well worth a watch also, just to name a few.

M2 spud planned for September, rig appears to be on-site, first catalyst is M2, better design, mud weight and balance should be better, services have been sorted into a better mix, Horst block, 40-60 days to drill from spud roughly.

Results from M1 due soonish, we did get 150-180m net sands in PA 600m gross sands from recent fireside chat, nothing on the Angwa, perm, poro, etc still coming. A big result for PA post drill given it was glossed over during M1 campaign as a bit of a non issue.

Results from Seismic, November roughly.

M2 testing 2024, assuming success.

Also assuming success, possible JV/Farm in, also a more aggressive drilling campaign for 2024.

Currently looking to extend Exalto rig 202 retention contract.

Lots coming up to affect the Market cap going forward, M2 is going to be the driving force.