Summary of Invictus Energy, page-98

After the discussion last week about what Scott has said about seismic in the past, I remember him saying that seismic is a big value-add. I found that quite interesting as I thought this would be a very quiet time for the share price. Anyhow, this has now made me think that the farm in might only happen after seismic or at least after they have completed a significant amount of it, regardless of performance rights. Just idly pondering. At least we have a timeframe for the expiration of the performance rights so we will know by the end of the month whether or not they are a trigger for the farm in deal or not.