Thanks Portiss.I was kind of thinking that these carbon credits...

Thanks Portiss.
I was kind of thinking that these carbon credits would only be any good to us if we get to production but from my reading this morning this could become a significant revenue stream on its own quite quickly and likely before production starts.
The $1.5 million is in tranches $450k upfront another $450 inside 12 months and the remaining $600k [USD] 24 months.

IVZ will be paying for the accreditation on top of that.
VCM = Voluntary Carbon Market
The Company will undertake independent verification to determine the total carbon credit pool
for the NGS REDD+ as part of the planned VCS accreditation process.

Excess credits generated will be sold on the Voluntary Carbon Market, creating an additional
revenue stream for the Company. One carbon credit is equivalent to saving 1 tonne of CO2
equivalent emissions (t-CO2

I urge all those, like me who only glanced at the announcement, to actually read it as it will be a business in its own right IMO and the pricing is likely on the low side and the programme is currently voluntary......I'd expect it to go mandatory and SM said that any O&G lease here in Au has to have all this stuff sorted before they can apply for a cow paddock which basically means mandatory anyway here in Au.
https://hotcopper.com.au/threads/ann-invictus-awarded-three-carbon-offset-projects.6875608/