Ann: Approval Granted for Extension of VIC/P47, page-8

Emperor Energy have approval for extension of the Vic/P47 Exploration Permit. Sounds like real good news with a gas resource right next to Exxon Mobil Woodside and a study done on the alternative of how to get gas to a plant at Orbost. Emperor are saying the revised permeability calculations are a game changer and they think they have enough gas for a field development. You would think that once they get approval for a well then partner funding is morel likely to happen. With that done the the timeframe to late 2025 is fine. Permit Security must be a way better situation than Permit Insecurity