I guess we'll find out soon enough but I'd say there isn't much...

I guess we'll find out soon enough but I'd say there isn't much water in that argument based on the Prospectus contents.

As taken from the Prospectus:

"LS Operating Pty Ltd has the right (but not the obligation) to participate in the Bullard and STACK prospects, and the amount raised under the Public Offer will dictate the extent of LS Operating Pty Ltd’s participation in these prospects"

I'd say SHE are fairly well covered due to the wording used in the prospectus for multiple prospects ie: "Proposed, Conditionally, Opportunity to" etc.