Interpose to acquire an 80% interest and operatorship of Special Grant 4571* which covers 250,00 acres in Zimbabwe over the most prospective part of the CaboraBassa Basinthrough Invictus acquisition.
From the same Presso:
Multiple regional players to be targeted for farm-out in 2019.
From the recent appointment of Getech to reprocess the legacy dataset:
We have got an aggressive work program and timeline to mature the Cabora Bassa Project to commence a farm out campaign over the coming months.
From today's presso:
Clearly a couple of typos - should be 2018, leading to farmout
process H1 2019
.
Forward Work Plan
Re-evaluate Mobil legacy data – underway (Q3 2019) • Aeromagnetic and gravity data integration • Geochemical data • 2D seismic data reprocessing and interpretation
Build a quality portfolio of high potential assets with low cost entry that can be de-risked through technical work and farmed out on good terms
Mobil seismic field tapes stored at the Zimbabwe Geological Survey
Geological and Geophysical Studies (Q3-Q4 2019) • Basin modelling • Prospect generation and prospective resource determination • Independent CPR estimate of SG 4571
