The purpose of an exploration well is to determine the presence and nature of hydrocarbons, net pay and reservoir quality. It’s that simple.
We paid via capital raisings to drill two exploration wells on Mukuyu and still don’t have this info that we’re entitled to. We paid the money and we risked our investment. We deserve to hear the bare minimum results back from the company.
A major multi-billion dollar company can get away with announcing less info to market because their share price isn’t as sensitive to this info.
But we’re a small-cap junior pure exploration company and the info that Scott is sitting on is highly material to our share price.
Scott has confirmed that the core samples were in good condition for RCA and have provided accurate permeability at the locations sampled. This is the market sensitive info that he told share holders he would announce to market once the lab testing was completed. And he’s elected not to. If you think he’s within his rights to sit on this info then that’s your prerogative. We knew all along that it wouldn’t represent the entire field. That’s not the point. The net pay at Mukuyu-2 doesn’t represent the entire field either, but he still announced it. You’ve got to stop defending him when his piss poor decisions have absolutely killed the share price and put a really low ceiling on our upside going forwards.
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