We think the adding of a CO2 tank to the Provaris offering has not been fully appreciated by the market. With countries such as Norway moving ahead with the development of carbon sequestration, the need for solutions such as that provided by Provaris become immediate. With committed partner funding development, we see the CO2 opportunity as providing near term monetisation for the Provaris IP and complementing the large-scale hydrogen tank opportunity. Our revised central case valuation of A$0.11 includes A$0.04 for the initial CO2 projects illustrating the value of this to the company as a whole.
