Ann: Quarterly Activities Report, page-71

Most important point in Qtrly is reference to inbound interest in partnership & off take.

IVZ must prove up the resource to a fairly high level of certainty, this will become clearer over coming weeks with samples under consideration.

When done they are in a position to address the question the market is asking, partnership transparency.

IVZ can't bring this to commercialization by themselves, they need one of the majors in tow in some form whether aggressive or benign, would assume IVZ board are looking at partial sale of an asset at this stage not becoming independent gas producers.

Could be wrong, took a small spec position yesterday.