RE: HE1 zero SPREAD11 Jul 2023 01:05
How many long positions were called on Friday ?
Similar was done in phase 1 through media updates, twitter , after drilling had started a progress report was given with depth, the following update had the same depth and a selling started, being naive I thought it was just a typo, but it became apparent some with leveraged positions took substantial losses. The error was quickly amended but the job was done...
Obscure points, same as last year..
Todays update, you have to read all the way down, just before Ians speech to find out they dont have the all the well control equipment, its a major point, that should be at the top, and standing out.. Not mingling in a paragraph placed just above some trivial comments from the chairman
Updated timeline of Operations( no timelines given)...
Having now secured a rig in Tanzania, the Company is focused on ensuring the rig is ready to commence drilling Operations in September. Once the civils work is complete, the rig will be mobilised to the Tai-C wellsite. In the meantime, the Company will order remaining "well control equipment", await the arrival of drill pipe and source an experienced crew. The Company has already mobilised drill bits, wellheads and casing to site at Rukwa.
https://www.lse.co.uk/rns/HE1/operational-update-pbcmh8k3yxbieu1.html