Ann: Invictus Energy Receives Environmental Impact Approval, page-71

IF everything comes together......next 1-2 months timeframe being PSA and a big JV then expect rerate will be quick, perhaps plus 10c.

There will be a bit of a lull after that, likely 50% or so retrace as boring stuff like additional seismic and rig mob needs to take place. Pre spud price depends completely on JV terms, dilution and market at the time.

Worth watching, will be the biggest gas well on the asx by a spec (net all in cost interest) for 10-20 years no matter what the ramp team on BPH are saying.

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