RE: Another placing my only concern2 May 2021 12:39
The truth - read the RNS. It was stated what the funds are for.
The Placing will fund all the following work planned for 2021. It does not include drilling wells.
• Airborne gravity survey in June 2021 to provide more detail regarding the deep geology in the permit, in particular the presence and distribution of salt deposits that provide the seal for helium, hydrogen and hydrocarbons.
• The processing and interpretation of gravity data and updating the geological model.
• The acquisition of seismic in September/October 2021 aimed at defining a drilling prospect.
• The processing and interpretation of seismic data November/December 2021.
• Planning and long lead items for drilling.