Up until the point of M2 discovery, and finally, a full suit of...

Up until the point of M2 discovery, and finally, a full suit of data, I don’t think there was anything appealing on the table in the form of jvs etc or this would have been pushed sooner, hence dilutive cap raising was utilised as a better alternative. They had to realise something of value to get the offers up to a level they were willing to accept, as Robin said, “it would be galling to give anything away at this point”, given both John and Robin have been down this path before, they would have some ideas on how to proceed.

2 successful wells drilled in a new basin - 100% strike rate off 2D over a 200km2 field - unheard of odds of success.

M2 well drilling performance was a huge turn around from M1, they did their homework and achieved an outcome. The Lower Angwa over pressure wasn’t expected, but in the end, a bloody pleasant surprise.

Let the rock spiders have their day in the sun, they will disappear soon enough, we’ve seen this all before, in any number of shares, get the raise finished, get the PSA finished, and let the good times roll, it’s going to be a good Year for Invictus