We will have +$20m post SPP.
Any farm in will likely be funding for multiple wells plus back costs which would leave us in a very good position.
Any further CR before spud would likely be just a splash and dash if the farm in terms weren't suitably impressive.
M2 will be much cheaper than M1 since we have the rig in country already.
Apply for some, apply for max or apply for none. Your call.
Ann: Share Purchase Plan Prospectus, page-194
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