RE: Common Sense Approach30 Mar 2022 19:57
@Skittish, Mmmm
He1 surveying work has been going on for years, some with the financial help of Solo oil who at one time owned 10%.
There was also a Pre-IPO fund raise of $2m back in 2018 on the back of which He1 were considering drilling Rukwa and announced they were in talks with a drilling contractor from the USA..History is broken so hard to follow.
I believe COVID related delays eventually put an end to the ASX IPO, and eventually they listed here..
Last years infill data should have improved knowledge of, and provided the best drill positions for the original targets, Kasuku, Mbuni and Itumbula... The analyst also upgraded the CoS for the original targets based on Tai, so still waiting to be drilled unless something better has been discovered..but no clues as of yet???
Including Tai we also have drilling logs from 3 wells
Some of this years data should be supplementary especially as the 2D was a first for the area done, expanding the portfolio as they said..
Can't survey forever ..??