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Because he's short or spread betting on HE1 share price. It was a reasonable position to take as the market assumed no news until the summer after the last raise, which normally would mean a steady price decay. But something is afoot and it will have caught out some with short positions.
Lovely managed rise in the SP, stepping up a bit each morning and holding so far. While we all complain about the MMs on the way down they are doing their job well on the way up by the looks of it
For example, if they were to announce any kind of non-dilutive revenue activity then the SP should rise very significantly. It's unlikely the EWT could be fully funded this way but the key hurdle for every loss making company on AIM is to first to demonstrate that income can be generated (however small). Proof of concept in profitably leasing out the rig would be a massive first step in market confidence, even if it isn't the primary business for the future.
Jersey - the new information relates to the recruitment of a new rig manager starting April and publication of tender for provision of well services, which suggests they are about to drill something imminently (whether for their own EWT or perhaps as a non-dilutive income generating lease of the rig to a neighbouring prospector, or to the TZ government)