Ann: Project Update, page-52

I don't see how it was time wasted when that organising a farm in was the right thing to do for the company at that time. The farm in offer and talks were ongoing during covid and with an oil price that went negative, hardly a good environment to raise funds.

Circumstances change, as another poster pointed out on another thread a farm in wasn't even listed as a goal in the March 2021 investor preso where it was in previous presentations. At the same time Scott is explaining a massively oversubscribed cap raise and already dropping hints about going alone.

All this means to me is we're more likely to go alone and cap raise or look for a better farm in offer under better terms. The SP will take a hit but the projects outlook seems unchanged to me. PSA and seismic news is still incoming soon and I'm sure management will have updates soon about how we're going to progress to drilling.