I sent a few questions to Colin Hay (TTE Public Relations) and got a very prompt reply. He was restricted by ASX rules but provided what he could - I have summarise below:
- the company elected not to provide flow rates for Reese 2a as they were yet to stabilise. Rates were within pre-drill expectations. They will provide an update when flows stabilise.
- the company continues to negotiate with rig operators for DR11 and will update the market accordingly.
- at this stage the company is earning cashflow from Allen Dome wells and has no plans to seek additional funding in the near future
He indicated that whilst difficult to be absolute on timing they were hoping to provide an update on a few things early next week.
Suggest you contact him with your own questions if you wish.
Was refreshing to get such a speedy response.
contact with company
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