Ann: Invictus Energy Entitlement Rights Offer Opens, page-353

This statement is so wrong it not funny.
IVZ started this process....not the gov.
The Gov stand to GAIN, not lose, by signing PPSA.
IF the Gov decided to be stupid then IVZ need not sign.
The current agreement in place has the best fiscal terms on the planet.

Where I do agree with Watfordlad is there is uncertainty as to which agreement will be used, not that the PPSA is the road block.
IF IVZ don't sign then any farm in will know that the current agreement is in place and will know the fiscal terms and the fact is even if a PPSA is signed it will be in line with international norms anyway.

My take is a lot more simplistic.
IF any farm in partners are truly interested, and its as big as SM says it is, then they will farm in regardless as either PPSA or current agreement are workable no matter how you look at it.
Current agreement super super profits, PPSA internationally recognised profit margins.
If the argument is that a farm in won't know what agreement they are farming in to so they won't farm in I think is false.
The size of the prize will determine any farm in IMO.
I wonder if SM wishes he hadn't started down this path?
It would have been a lot easier and probably a lot more profitable to stick with the current fiscal terms.