Ann: Invictus Energy Entitlement Rights Offer Opens, page-422

If IVZ's strategy is to slowly slowly catchee monkee and to try not to be forced into a farm out deal then the PPSA is actually not a big deal as the next stes from IVZ will be to try to get M@ (for a start) and then M1 (?) into production so they can action the MOU re the gas to power arrangement they have in the wings.
When all is said and done this strategy isn't a bad way to be thinking and actually demonstrates the IVZ confidence towards unhindered (by ZIM Gov't) commercial development of their "patch".
In the end it could turn out to be just as fast developing their basin in this staged manner working with cash flow from gas sales that it would be working with a dilutive farm in partner who would have many demands and possible delays to development due to legalities and funding in a timely manner anyway.
So I watched the seminar (Thanks Portiss) and noted that our man says the strategy is to create the monster a tad slowly at first until cash flow and sales allows us t fund our own development in the basin and keep the value in house as one undivided or shared entity. Feeling much happier knowing the real strategy is thus...slightly hang tough attitude exudes much confidence from IVZ. Happy with the strong mindset from IVZ now...way to go lets run this on our own advancing as per the cash sales allow and may the force be with us! Exciting times ahead...patience testing too no doubt!.