RE: RNS - large mining site identified18 Feb 2021 08:12
I posted this on adventure:-
I think the most important statement is this one:-
When the Company issued its 2019 Annual Report, the COVID-19 pandemic was developing, and the Board decided to postpone the next stage of the TurboShale field testing. A decision on when to restart the field test programme is likely to be made in Q2 2021.
Q2021 is when the site should be clear of ice and snow> If they decide to go ahead with Turboshale, which I would encourage and welcome, the TOM could be producing oil before Greenfield, with virtually no capex costs. The 3 holes are there, the antenna had been modified, all they have to do is set up the plant again, turn it on and voila, all being well out comes the oil.TOM could be producing oil from Turboshale, before Greenfield, then finance for Greenfield should be covered by the proceeds from Turboshale. Aimho