Good morning, everybody, and welcome to Elixir Energy's strategic plan update. I'm Stuart Nicholls, the company's Chief Executive Officer and Managing Director, recently appointed about six weeks ago. Thanks for taking out the time this morning to join today's call. As you'd be aware, the company's gone through a management refresh as it focuses 100% of its endeavors on the exciting acreage that it has in Queensland's Taroom Trough. That's accompanied by a slight brand change, as you can see in front of you, as we really set about executing a three-phase strategy, which I'll take you through today, on the exciting journey that Elixir is about to embark on. A bit of education for those new to the story. Elixir's assets are in Queensland's Taroom Trough. It's an area that has been very exciting for many investors of recent, with some significant benefits to the location of the Taroom Trough. Firstly, as you can see on the map on the right-hand side, it's located at the bottom of the Bowen Basin, just a few hours inland from Brisbane. That location there lends itself to a fantastic proximity to infrastructure and to markets. We've got not only the Wallumbilla Gas Hub right next door to the area of operations of the Taroom Trough, which is the pricing point of East Coast Gas. Many operators that you would see that talk about their cost of delivery to the Wallumbilla Gas Hub. We are right on the doorstep of the Wallumbilla Gas Hub, and so therefore the price achieved, which last quarter was around AUD 13.60 a gigajoule or so, is the price that we could expect to receive for some of our initial production. Secondly, the trough itself sits just next door to several pipelines. There are pipelines connecting to the East Coast Gas market, as well as several pipelines that connect the 25 million tons of LNG capacity at Gladstone directly down to where the trough operations are. Finally, an additional piece of infrastructure that's quite important for anyone that has followed from my time at Strike, where we were trucking condensates across the country in order to monetize those. There has been quite a lot of liquids production that's come out from successful flow tests of other operators within the basin. Fortunately, the trough sits in between two operational refineries, with the Inland Oil Refinery out to the west and the Ampol-Lytton Refinery out to the east in Brisbane. One of the key points of today's presentation is the scale and the maturity of the opportunity that sits in front of Elixir Energy today. The resource itself, that inside of the Taroom Trough for multiple of the operators is multi-TCF in scale. This is really the next major energy supply, that can come into the East Coast that can arrest some of the energy crises that have been unfolding throughout the states of the East Coast of Australia. We've also seen the maturity of the play continue to evolve over time. We've seen fantastic results from our neighbors at Omega, as well as at our neighbors at Shell, where multi-million standard cubic feet of gas production per day, as well as hundreds of barrels of associated condensate and light oil, has been produced. That's on top of Elixir's fantastic results that it demonstrated in the initial stages of the Daydream-2 flow test. Finally, the maturity of this play, it's being led by a super major. It's a very unique situation to find ourselves here in Australia, where a company of the scale and quality of Shell, and that is validation for the endeavors that Elixir continues to pursue here in the Taroom Trough, and essentially is the underlying thematic of our strategy today. Finally, the quality and the cost. The gas that has been produced throughout the trough has met pipeline specifications, so you could expect to see low development costs once wells are starting to be brought online. That gas, outside of some compression and some liquid separation, will neatly fit straight into the pipelines and feed into the East Coast Gas networks or into the LNG suppliers of Gladstone. Finally, one of the other benefits that the Taroom has is that it sits amongst the prolific coal-stained gas industry of Queensland, a very mature industry that has attracted multiple oil field services and operators and rigs, and we are the benefit of the availability of all of those services, based in Queensland. A thematic which many people know quite well, so I won't spend too much time on it, but the East Coast is going through a significant energy crisis at the moment, where the availability of gas supply into the domestic network is under a considerable amount of strain. As you can see from the chart on the left-hand side, the existing identified reserves, both developed and undeveloped, have essentially declined down to, in about, by about 2030 or so, to about less than 50% of what the market requires. That is creating a market pricing response, as you can see on the chart on the right-hand side, where prices have been elevated for several years now, and, you know, sometimes some three times that of Henry Hub gas pricing that we are experiencing in the East Coast of Australia. That is absolutely not sustainable, and, you know, we expect to try and arrest some of those price rises through the success of the Taroom Trough. It will take something of the scale of the Taroom Trough, which is multi-TCF in nature, to have any impact on the dynamics that you can see in front of you today. A little bit of background on where the Taroom Trough sits. I notice someone's just asked a question. We'll come to the questions at the end. You'll have to excuse me. I'm running a bit of a one-man band here at the moment, so I'll address the questions once we've completed the presentation. Elixir Energy's position in the Taroom Trough covers some 2,000 sq km or 500,000 net acres, and that's across four permits, which you can see depicted in the light sort of maroon color in the center and on the western side of the basin. We're surrounded by fantastic and successful operators in Omega Oil and Gas, as well as Shell, who's really been leading the charges, and Santos, where Elixir also shares two joint ventures with. Our acreage, due to the scale of it, is beautifully geologically diversified against the plays that have been successfully interrogated in the Taroom Trough today: the gas, the dry gas, the gas condensate play, as well as the light oil play in the permits. I'm just getting a point coming through. Just checking that everyone can see my screen. Sorry. Let's go with sharing it again. Should it all be available now? Apologies about the technical interruption there. Moving on, we are diversified across those plays there. One really important piece, and it is a cornerstone of the strategy, is that Elixir Energy owns the acreage and joint venture with Santos, and also 100% to itself, directly to the north, south, and east of Shell's primary area of operations. Shell has really been leading the charge and validates a lot of the activity that Elixir has been going through. The company's assets cover some 2.6 TCF of independently certified gas resources across these assets, in the basin-centered gas play or type gas sand play, as it has come to be known. This is a really exciting opportunity of scale and quality that you have in front of us. As part of my review, at Elixir, you know, I look back on the results that the company had put together. You know, credit to Neil and the team. Historically, they put together a fantastic portfolio of, you know, very high quality, really exciting acreage in the Taroom Trough. What I have noticed is a really strong over-reliance on external parties for the operational delivery of Elixir's strategy, something I intend to arrest and bring in and increase the operational discipline of Elixir Energy as it starts to move its way into being recognized as a highly credible operator in Queensland. The results that you can see here from the Daydream-2 flow test is that Elixir's actually already delivered very impactful and positive results from the flow testing. The original perforations and stimulation of the Permian Sands and Little Roock Horizon generated more than two terajoules a day of stabilized flow rates. When the other five horizons were stimulated and put on test, we saw 2.8 million standard cu ft a day, or around three terajoules a day of gas production. That's from a vertical well, which is probably some of the highest flow rates that the Taroom Trough has seen from a vertical well. Unfortunately, there were some interventions on the lease with the testing equipment, which resulted in changes in downhole conditions, very big drawdowns on the reservoir. As a result, we started to see an impairment of downhole or bottom hole conditions. That impairment resulted in a decline in the gas flow rates and ultimately, potential below surface damage to the wellbore infrastructure. That damage was exacerbated by virtue of the fact that it took over 100 days or so before the well was brought back online and back into full test. Unfortunately, at that point in time, the deterioration of the downhole conditions meant that the well would not come back in the way that it started. What I would encourage investors today in the Elixir story to look at is that the initial testing results from Daydream-2 was incredibly positive. As I said, from a vertical well only, when we start to extrapolate what a horizontal well would do in this location, you can start to get quite excited by the size and the scale of potential flow rates and from our reservoirs. As I've sort of started to indicate, you know, we have got validation of what we are doing through Shell's activities in the Taroom Trough. Shell has been quietly going about its business, either for public relations or commercial reasons. You know, it's very, very unique in Australia to have a situation where you've got a new play being unlocked at scale and at speed by a company of the quality and the size of Shell. You know, if you cast your mind back to my, anyone that's followed my previous tenure at Strike, it was really down to small companies, stared down the barrel of, you know, being an Uber driver or a CEO in the past, and, you know, having to bet every dollar the company has on well results. We are really benefiting from the fact that Shell is leading the charge here in the Taroom Trough. They've been drilling several wells inside of 3D size over the last year or so. They've been testing those wells on and off, continuing to test those wells, is my understanding. Some of those wells with 1,000 m lateral sections, they've been generating multi-million standard cubic feet a day and hundreds of barrels a day of condensate flows. That's really exciting because it's obviously propelled Shell into the next phase of its activity. Shell is looking to bring in the next $1 million bookload super heavy-duty rig, onshore rig, into Australia. The other one operating in the Beta Loop Basin with HMP. That rig has been brought in to drill extended bridge horizontals, multi-thousand meter long lateral sections inside of the Dunk Sands, which is part of that BCG type gas sand play. They are also looking to shoot over 800 sq km of brand new 3D seismic. Those are not activities that a company like Shell would be undertaking if they did not see a significant amount of new gas supply being able to come into the East Coast market and potentially feed into their LNG project, QC LNG, which they have and Shell has seen it in the midst of. This is validation of everything that we are doing. You can see just how fortunate the acreage is that Elixir has that surrounds that area of interrogation by Shell. Moving on to my strategic and operational plan that the board and I have set about commencing execution. First of all, my review has resulted in a series of objectives that I would like to get on the way. As I indicated previously, the first of that is improving the operational and technical discipline within Elixir Energy. We've seen a significant over-reliance on third-party contractors for the drilling execution, as well as the stimulation and completion of Elixir's wells. That has resulted in a little bit of an arm's length outcome to the results that we have seen. I intend to increase the company's internal capabilities and really set about going and becoming the cheapest driller in the Taroom Trough and lowering our drilling costs and being recognized as a credible operator here in Queensland as we start to move on our journey towards production. The company has been running at a slightly inflated operating cost for various different reasons. We also had some historical Mongolian assets that the company has written off a couple of weeks ago. You know, we're very good to reduce those operating costs by around 30% or so as we target increasing the amount of money that we have going into the ground or into petroleum-based activities. Thirdly, I'd like to see the Taroom Trough operators banding together under a rising tide opportunity where we can collaborate, share our experiences, share data, as well as support any multi-user infrastructure that could be deployed in the basin. Obviously, with the amount of liquids production, there are opportunities to aggregate liquids and to move those liquids by pipeline versus trucking, as well as, you know, there's potentials for early gas pipeline infrastructure to bring our gas into the Wallumbilla Gas Hub. They, all of those opportunities will benefit all the operators equally and will create a path to incremental and small production and cash flows for some of the smaller operators in the Taroom Trough like Elixir. I intend to also increase our capital efficiency. Whilst we have a very large acreage position, you know, we will start to focus our attention in the deployment of our limited resources on a small area in order to demonstrate commerciality and take the company towards that initial cash flow and production, as I indicated. My fifth point is I'd like to deepen the funding runway, small cap resources businesses that are funded for not only the next milestone, but the milestone after that, you know, put on and create sustainable value, rather than walk from milestone to milestone. I intend to prosecute several alternative, not minimal dilutive opportunities to bring additional capital into the business. They may include, but are not limited to, you know, the sale of a royalty of some of our assets, potential selective farm outs or farm ins, as well as, you know, pre-sales. One of the benefits that we have here on the east versus some of my time more recently in the west is that we have an incredibly short East Coast Gas market. There, major industrial gas users are willing to use their balance sheet to help secure their future energy supplies. That's something I intend to look into in great depth. Finally, for those that have followed my tenure at Strike, you know, we executed three major pieces of M&A that supported and built the company to the company that it is today. I will continue to prosecute M&A plays across Australia where they make sense, and where the outcomes of those opportunities may realize some of our strategic objectives in an accelerated fashion, potentially broaden the funding options. Moving to the strategy itself, our three-phase strategic plan can be underpinned by our strategic mission statement, which is where Elixir aims to be a strategic fast follower in the Taroom Trough, leveraging our neighboring developments and investment activity to accelerate Elixir's progress. We have the goal of producing gas by the end of 2027 through the conversion of 150 BCF of 2C resources to 2P reserves. To achieve that, I intend to go through three very deliberate phases of the strategy. The first of that is about securing our acreage, 100% of our Taroom Trough acreage, for 15 years under what they call a potential commercial area or a retention license under more colloquial terms, which will give us 15 years of tenure. That will require us to execute the remaining work programs that we have across the Taroom Trough, the drilling of two wells that we have, Diona-1, where we are carried, the Lorelle-3, where we are carrying Santos, as well as a couple hundred kilometers of 2D seismic in one of our joint venture permits with Santos. Once we have completed the first phase, we'll then make a decision when we move into the second phase. One of the great pieces about compartmentalizing this strategy is that the underlying outcomes of the Taroom Trough will be a rising tide, and we can make a deliberate decision to move from one phase to the next as capital becomes available through the prosecution of some of those concepts that I had gone through previously, or if the equity markets are there to support the company at a sufficiently attractive cost of capital. There is nothing that is propelling the company to move from one phase to the next. I do not intend to have the company zombie walk from milestone to milestone and from equity rise to equity rise. As we move into the second phase, we will focus our attention and our financial resources and operational outcomes on a small area called Block A, which sits in ATP 2077. Just jumping back to the map for you to be able to see that, Block A is this permit, this particular block here, which contains already 184 BCF of independently certified, 2C resources. You can see that it's wedged right inside of Shell's area of operations. Block A is an area where we're going to focus on. We will drill a well in the northwest corner of Block A. We will look to increase the seismic data density over the area to support maximum reserve definition. We'll look to demonstrate commercial flow rates from that well that we drilled in the northwest corner of Block A and commence that reserve conversion. At that point of having reserves, we can then start to look at working with our neighboring operators in the Taroom Trough as to how do we aggregate some of the completed wells throughout the area to commence early phase gas production. You know, if it's two TJs, three TJs, four TJs, all of that will make an incredibly, you know, impactful, outcome on Elixir's bottom line. Two TJs a day at AUD 12 million, if you could, is around AUD 14 million a year of operational cash flow. This is the impact that a small amount of production can have. It can not only post its costs, generate, a bit of, additional, free cash flow to go into the, into the business to be deployed into seismic and other drilling operations. That's the three phases. I intend to try and reach that outcome by the end of 2027. It's an aggressive and ambitious timeline that those that have followed, again, my tenure at Strike would know that that is the speed I like to operate at. I think that the, as you'll see as we go through each one of these phases, each one of these milestones is underwritten by already acquired data that was already sitting inside of the company. As we move into phase one, there is a well that will occur late Q3 this year called Diona-1. Diona-1 is a transaction that the company executed in around February of this year. It's essentially a farm out to another small oil and gas company called Xstate. Xstate will be carrying Elixir for the Diona-1 drilling in Q3 of this year. The overarching thesis of Diona was to farm out the well so that we met the minimum work commitments of Block ATP 2077, where we have farmed out what I would call the Diona sub-block, which you can see in the bottom right-hand map outlined in red, where the two Taroom sub-blocks, A and B, are retained by Elixir at 100%. Diona is a conventional target that sits on a nose just outside of the Permian Source Kitchen. It has around about a 50% chance of success. It is a four-way dip closure on an anticline structure. It is ideally located sitting, you know, just outside of the charge and migration window for the hydrocarbons coming out of the Bowen Basin. It is right on top of the Wollongongo gas export line, right near the Silver Springs gas facilities. If this well is successful, you know, we could reach some of our strategic outcomes of going into production ahead of schedule. However, please note that this is a small conventional target and the transaction itself was put together to secure our Taroom acreage. The result of Diona-1, whilst we are working towards success, is not the final outcome of the success of Elixir's three-phase Taroom focus strategy. This is an exciting well that we are carried for by Xstate. We will go down in Q3 of this year and could realize potential early production for the business. As we continue through phase one, we move into the Taroom activities. You can see our first retention activity that we need to conduct is the drilling of a vertical well in the Santos joint venture permit 2056. We'll be drilling the Lorelle-3. What's fantastic about Lorelle-3 is that we can map the Dunk Sands, which is the target reservoir of Shell's activities. We can map that at the Lorelle-3 location. You can see there's 2D seismic that sits over the Lorelle-3 location, as well as intersecting areas there where we can see that the depth of those Dunk Sands is similar to the results of the Dunk and Bathurst wells drilled by Shell. We expect to intercept the Dunk Sands at similar depths to those that Shell has been prosecuting in its area of operations. We will look to potentially apply some unique or novel research and development concepts to this well, where we will apply for an advanced planning, potential R&D funding of this well, in the early part of the next financial year. This well could underwrite and prove the presence of the Dunk Sands commitment with hydrocarbon charge throughout that, which will ultimately, the well will be suspended. The future horizontal drilling, Omega did a fantastic result over at Canyon Runway. They proved that they could land horizontal in their Canyon Sands out of their intermediate casing string. It's exactly what we intend to do here. It's part of our fast following strategy. We're going to look to land a horizontal with Santos at some point in time in the future when Santos and Elixir decide what the path forward is for ATP 2056. Finally, the last piece of our retention activities that we will need to conduct is 200 line kilometers of 2D seismic in ATP 2057, which is the permit directly to the south of Shell's area of interests. Again, opportunities sit there to potentially collaborate on mobilization and demobilization across the seismic fleet before that acquisition. We can bring those costs right down. That will be new available seismic. It is again along the margin of the trough and delts, similar to that which Shell has been drilling further north. As we move into phase two, it gets down to a very focused area, as I said, that is going to be in Block A. The little map down on the right-hand side, you can see Block A here. We intend to drill a well in Block A. Block A is covered by multiple 2D lines, where we have intersecting 2D lines and we can tie those 2D lines back to the 3D seismic that sits over the top of the Shell area of operations where they have been drilling. Particularly, we can map the Dunk Sands from Bathurst 5 to the well that we'll drill in Block A, which we are provisionally calling Daydream-3. Daydream-3 will be drilled in that northwest corner. You can see the seismic line in the top right-hand corner here, the Shell 3D seismic down into Block A here. This is around the area where the cursor is sitting where we will be drilling the Daydream-3 block. We're sitting about 7 km or so away from Bathurst 5, which you can see from the picture down here on the bottom right-hand corner. There's a successful well for Shell. We understand that that well has been, you know, flow tested on and off over time. It's great to see that, you know, we're right in the neighborhood of successful well results and we'll be drilling Daydream-3 by, it's close to, to Bathurst 5 as possible. We intend to drill a vertical well again, you know, down to Permian level. We'll collect logs and gas samples across the target reservoirs, the Dunk reservoir, and down all the way to the Lorelle. And then again, similar to the process of Lorelle-3, it's delivered by Omega at Canyon-1. We will suspend the well and plug it back to the intermediate casing string. Prior to drilling a horizontal loop, we will look to farm out that, that horizontal loop. At the time of that farm out, you know, we will have proven that we have got gas charged Permian Dunk Sands of sufficient reservoir quality that when we model the stimulation program, that we can see commercial flow rates of results, commercial flow rates as a result. That is an exciting opportunity for any company looking closely at the Taroom Trough to participate in. I expect once we have gathered that information, we have made that pre-investment, that that farm out process will be very competitive and very exciting for the company at that time. That farm out will include a 3,000 m long horizontal section, you know, with a 30-40 stage fracture stimulation as a preliminary concept, which, you know, should be delivering multi, multi-digit, million standard cubic feet results on in the, in the basin. That will underwrite the commercial flow rates that will allow us to then move forward and start to certify our initial 2P reserves at the basin. Also, similarly, as part of phase two, I said we would increase data density across Block A. Interestingly, as part of Shell's 800 sq km or so of 3D seismic, they have applied to the regulator for a data acquisition authority to shoot around 43 sq km of 3D seismic inside of Elixir's Block A. That covers about 57% of the total block area. You can see the application down here, which they made to the regulator, Block A being this area here, the Daydream-3 location denoted in the map as well. This ingress area covers the Daydream-3 vertical well area, as well as the likely horizontal path into the area of low stress, which is sort of, you know, the angle pretty much that you can see, the Daydream-3 table box. That will cover those 3 km of horizontal, you know, we will potentially look to secure the remaining block in 3D seismic as well. That will give us the highest conversion of our 2C contingent resources to 2P reserves and demonstration of those commercial flow rates. You can see how we are very quickly getting down to a finite area, with fast following inside of Shell's activities in order to be able to demonstrate our own reserves. When we look at the ambitious timeline that we have set for our results here at Elixir Energy, we've got phase one, which the company is funded to deliver. The company currently has AUD 10.6 million of cash and net receivables from its previous or historical R&D grants. You can see the corporate or capital processes that we will take over the next couple of quarters, about six months or so, as we move into the Diona-1 drilling, where Xstate will be drilling that well on behalf of the company. We then, in sort of mid to late Q4, will start the drilling of Lorelle-3, and then we'll shoot the 2D seismic in early Q1 of 2026. At that point in time, we will have completed phase one. We're fully funded for that, and we should have remaining cash to take us through to the end of the financial year at that point in time. We'll be applying to the regulator as we meet each one of those work commitments for the conversion of our ATP authority prospect into a potential commercial area, which will allow us to book our retention and meet our strategic outcomes and objectives from phase one. Fifteen years is a long time to have 100% retention of your acreage. As I said, the amount of investment coming on in the Taroom Trough just next door, we expect to see an underlying increase in the value of the company's assets over time. However, if we are successful in delivering some of those alternative capital processes, we will look to sanction phase two as early as possible. That could occur in Q3 of this year, which would allow for creating a program of drilling for the Lorelle-3 and Daydream-3 to be done together. There's about a 30% saving across the total program if we can create a reprogram there where the mobilisation and demobilisation of the equipment can be shared across those two wells. After completing the Daydream-3 well, looking at the drilling will be going on all throughout next door, in Shell's permits as well as, you know, I understand Omega's got activities that it is going to be conducting, seismic operations, et cetera. We'll be looking to farm out Block A. We're giving ourselves over six months to try and achieve that, which will land us into late 2026, where we will then be drilling the horizontal leg of Daydream-3, followed by the fracture stimulation and test, all campaigned together. That will allow us to come out right off the back of that with a full data set, a proven demonstration of commercial flow rates, and leading into our 2P reserves completed in 2026. That will then follow on to phase three, which is in 2027, about early stage production, where we're trying to bring some of those completed wells into early, early cash flows, you know, bring the implemented cash flow into the business and start to expand out throughout our dominant and large position that we have in the Taroom Trough at 2,000 sq km. I can't stress enough that, you know, we're not compelled to move from one phase to the next. The board and I will prosecute that decision very, very closely. We will not be meandering or wandering from milestone to milestone, expecting the equity markets to be there. We are going to be shareholder focused and ensure that if we move from one phase to the next, we're doing it at the least cost in the shortest timeframe as possible. You know, noting that the access to low cost of capital is a function of various different work streams that will be occurring from today onwards. That is the timeline that we intend to take the company on. It is a dedicated timeline that where we believe that we can reach a reduction, in 2027, a conversion of a meaningful amount of 2C resources to 2P reserves, which would represent an underlying valuation worth multiples of the existing share price. Just wrapping up, shortly, the reasons why I think this is a fantastic time to be involved at Elixir is we've just rolled out our disciplined three-phase strategy where we're going to be a fast follow-up. We're not looking to reinvent the wheel. We're going to be conducting operations right in the areas where hundreds of millions of dollars has and will be spent in the Taroom Trough, prosecuting a multi-TC gas resource. We're funded for our first phase, and that's got a two-well campaign in it, as well as some seismic. There are critical milestones that will ultimately land the company in an extended period of retention of our tenure. We are, you know, looking to drill high quality and non-purity gas resources. I can't stress this enough. You know, after we drill and complete some of the flow tests, these wells, they will be ready to go into production systems. Cooperating and collaborating with other operators in the region, they generate early opportunities to have small scale production. We are validated by the activities next door by Shell, by Santos's retention of their acreage, and by some of the impressive results that Omega has been delivering next door for us. Finally, for anyone that took a good look at my appointment announcement about six weeks ago, I'm absolutely aligned with shareholder outcomes. You know, I'm strongly incentivized to deliver sustained shareholder, share price appreciation. That share price appreciation is multiples of where we see the current share price today. It's a fantastic opportunity to get on, ground floor, with management as we start to go through this process here. You know, we're led by a fantastic board, which, you know, is chaired by Richard Coddy, many of you who would know, who is, you know, one of the most successful entrepreneurs that Queensland has generated, in our industry. The market capitalization today, you know, as of late last week, was only AUD 36 million. As I said, with about AUD 10 million+ of cash and net receivables coming through, representing a minuscule enterprise value of around AUD 25 million. It's a fantastic time to join me. We're really building this company to being a very credible operator over time. and it's something I look forward to, to work with all of you. I'm having a very active dialogue on. I'm open to any questions. we've got about another 10 or 12 minutes or so to ask any questions. I will stop sharing now and move to questions if anyone wants to ask it. Just going to go through the Q& A box. we've got a question from Scott Ashton. How's to slide nine? Just Just to clarify, which permit is likely to underpin the booking of this 150 TC reserves? that is ATP 2077 Block A, where we are 100% equity owner, currently in control of our own destiny. like I said, you know, there are some joint venture partners of Santos have been frustrated at times. Whilst we really, really like the acreage that they've farmed into, 2056 and 2057, that acreage is in joint venture with Santos. We do need to spend time with Santos after the transfer operations and operatorship back to them and post the initial work programs, understand what their timelines are to interrogate the additional activities that, so more from Scott Ashton. Slide 13, is there likely to be a data sharing agreement with ATP 2077 Block A that you're looking at as part of some board of deal? Look, you know, I am here to be cooperative and collaborative with all the operators, whether they're big, large, small or medium in scale. You know, I think sharing data is a fantastic way to create that rising time to outcome. You know, every time that we see Omega, Elixir, Shell, or Santos conduct any activities, we should all be generating appreciation of the underlying value of our assets. And also, as I said, working on multi-user outcomes, where we can lower the cost of production and increase the scale of production for the entire. Question again. We've been busy, asked you the polls on the Taroom Trough, still low stress target preference. Because we intend to prosecute the play in a similar manner as that of Shell and Omega to date, which is the horizontal wells, you know, the vertical wells, which, you know, did perforate, or Daydream-2, which did perforate the type, the dry coals, you know, they will be left behind part, for the second phase of production operations in many years to come. We'll be putting horizontals into the basin-c entered gas play or the tight gas settings. Can you elaborate on the path to securing PCAs and which permits are as close as the PCA grant? We've completed our work program at ATP 2044, or the Brandis project as it's known, through the drilling of Daydream-2. We have a PCA application in for Brandis at the moment. We need to complete the drilling of Lorelle-3, have the drilling for Diona-1 completed on the other half, as well as shoot the 200 km of 2D seismic in ATP 2057 to have all the rest of our permits qualify for our PCA drilling. Last question. Given the flanks of the Taroom Trough are likely to be more liquid rich and result in stratigraphic traps than shales, is there TGS permeability going through still valid? The tight gas sands are being mentioned. Do the flanks of the TGS provide a much bigger load to value for the ocean section? Look, we have a fast follower approach, Scott. We are going to be working from the area of the best results to date outwards. You know, Matt and Shell are certainly leading the charge on our western side of the Taroom Trough. You can see from the operational and strategic plan that I have outlined today that we are drilling right up against the Bathurst 5 result, and then we will be drilling from there. Whether that covers the BCG play or the TGS play will be the outcome of those wells and the sort of results as they then are generated to surface. All I know is that we do expect to encounter liquid production. Like I said, at the Lorelle-3, we're going to be drilling the Dunk Sands at the exact same depths that the Dunk-5 and the back of those five wells were drilled. We can probably expect to see similar geological conditions and therefore our phase conditions at any point of the plan. That's all I've got in the Q& A box. I will pause for a minute or so for any further Q& A. Otherwise, you know, my email address is on the bottom of all of our announcements. My phone number is in my appointment announcement. Please feel free to send me a text or drop me a phone call if you'd like to extrapolate on the discussions or the presentation that we've had today. You know, this is a really, really exciting time to be involved. Thank you to the Elixir board and to the Elixir shareholders for having me on. You know, I am one of the only people that in the last decade in Australia that's taken a small explorer to gas production. I know exactly what's involved. I know the large amounts of human capital that need to be deployed. I'm excited and I'm energized by that. You know, we're looking forward to getting mobilized. If there are no further questions, which there did not be, we'll end the event today. Thank you for your attendance, and go Elixir. Cheers.