Ann: Invictus Energy Good Oil Conference Presentation, page-32

I asked Scott below is in my words.
The PSA amendments have been approved by the Ministry of Energy, they sign the actual doc, but are awaiting a sign off by the Ministry of Finance.
The Seismic will be fully completed around Christmas including interpretation.
The drilling contractors have been short listed and once selection is finalised they will release well timings and lock everything in, next few weeks, his words.
He used the exact words well timings, so I expect 2 wells minimum.
Funding the seismic ourselves has given IVZ time to add value, he alluded to this yesterday, via the seismic and time to do a deal on IVZ's terms as far as farm down goes.
There is still active interest from farm out partners, but, and this is my take, I think its becoming less likely we will farm down, IF we do it will need to be a very very good deal. The cheaper the rig rates are the less likely a farm out becomes IMO.
Management are acutely aware of the dilution of a farm down, Scott alluded to this yesterday also from memory.
I agree a few of the points above could have been mentioned yesterday but I think they get limited time to speak.

My observations below.
PSA could come any day.
Seismic January
Drilling contract and well timing to be done before Christmas, his words were next few weeks.
I think once the contractor is announced and drilling timetable I expect that will be the end of any farm down talks
Fully completed seismic by January, with luck some additional goodies.
I'm going to say drill in late April, 2 wells for starters.