RE: HE120 Jul 2023 11:41
The company is fully funded for the planned well, following a ÂŁ10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes.
“Fundamentally, we want to secure a discovery at Tai,” says Blaisse.
“The Tai-1/-1A well was very encouraging, although we weren’t able to reach our total depth nor run a full set of wireline logs. We did have shows, but unless you’ve got wireline log data to determine pay zones, then you’ve no way of quantifying your results