Hi RLT holders
Sent Stefano an email re drilling/covid this morning not really expecting a response...got a reply within 4 hours..GREAT management that understands what they have and what they are doing...I'm sure Stefano won't mind me sharing his response..Thank you for reaching out and your support. The largest impact of COVID on drilling was mid-way last year. The rules were confusing and badly drafted, and police were heavy handed with their interpretation. Several legal challenges later and the impact seems to be under control.
We are continuing on our current drilling plan, and whilst I am fully aware people expect results sooner rather than later, we are drilling to ensure we have a long term and sustainable drilling plan, not just a hole with gas results. Our strategy is to build a world-class helium and LNG production company, not to sell the asset to the highest bidder. This means we are deliberately going slower on the first few to get it right and pay the proverbial school fees on a small scale before we unleash a host of drilling rigs.
As one of the largest shareholders in the business, I am certainly comfortable with progress.
Feel free to reach out when you have additional questions etc
Cheers
Stef
GLTAH
DYOR
Hi RLT holdersSent Stefano an email re drilling/covid this...
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| Open | High | Low | Value | Volume |
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