Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-86

I dont think that will be enough - they had about $4 million AUD allocated to running the last 2D seismic campaign, and i don't believe that included all the data processing. I expect 3D to have orders of magnitude more data to be gathered and processed, hence i would think $10-12 million AUD wouldn't be outside the realm of possibility. Would be good if Invictus could clarify, once the entitlement offer is complete, exactly what they can get completed with the money they raise. As others have said, I don't understand the generosity of this raise and the feee options. Every single CR, Scott had said its hard to raiae capital so have to make it attractive etc. But every single time the raises are heavily oversubscribed - and this tome we even have a discovery to bolster things.