RE: Great week5 Apr 2024 22:10
Lorna Blaisse, Chief Executive Officer, commented:
"The Company's focus is now on appraising and evaluating the resource potential at Itumbula West-1. Whilst progressing the subsurface work, to better understand the resource estimates in a fractured Basement and fault play, we are planning the next phase of operations. An extended well test at site will enable us to confirm commercial flow rates and fluid composition, whilst continuing to plan for development and production scenarios in parallel.
This is a highly exciting time for the Company as we transition beyond exploration. I look forward to providing further updates as we progress our plans in due course."
Whether we get updates on progress next week or not, we know HE1 is due the rebound and back to its 2p plus levels.
Then with news β¦π
GLA π