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Thanks for posting thatAs per his RIU presentation on Thursday,...

  1. ronstieb
    8,903 Posts.
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    11/05/24
    14:18
    Post #: 73777662
    Thanks for posting that

    As per his RIU presentation on Thursday, it seems the story now is they'll just redrill and test the gas cap, not the lower lake beds, if I understand it correctly ?
    If correct, that would tie in with only needing a small low cost rig and the $1m cost estimate he mentioned on Thursday.

    I note in this interview he estimates August to drill/test the gas cap. In the meantime, I expect they'll still want to place the SPP shortfall and/or other funding options so they can progress the other planned activities during this upcoming dry season.
    NHE Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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