Ann: Havoc Services Pty Ltd Appointed as Advisors, page-24

My understanding is drilling is some way off, they have a mountain of data to sort through so expect mostly desktop stuff for another 12 months to identify the right targets.

This also means cash burn should be really low so Im not expecting any significant raises needed for some time.

As you probably know as you mention IVZ, these O&G plays often sky rocket BEFORE drilling in anticiaption of an oil discovery. IVZ was probably over $200m cap before drilling and another Im invested in, PCL, was around $200m cap and they are some way off drilling and only have a 10% (?) exposure to the project.

The risk v reward for GLV is very compelling even before they drill 1 hole. If they can identify some good targets I could easily see $100m cap within 12 months which is 15x from here.

DYOR