Robin Sutherland Presentation - February 2024, page-60

Yeah agreed, any mention of TO is pure copium. There's nothing substantiated right now that warrants a buyout. PPSA and positive flow testing are the two things that would get us to a baseline point for this to happen. 3D seismic would add good value too.

But by the time we get there without farm out funding I wouldn't see our shares being worth all that much compared to what they could have been

After three years we still don't have the "imminent" PPSA and after recent events my gut is shifting towards sell, but this is also a company that can drop big news on a dime without much warning (remember the random upgrade from 8.2 > 20TCF) - it's why I'm still holding and while it's probably pretty stupid there's always a FOMO element with this. Lab results will be interesting!