RE: Fantastic news on the way9 Nov 2025 17:22
Hepseal For what it is worth I think the most recent drill was to prove it works. We have been around long enough to have seen how much money can very quickly be washed down a dusty dry hole. The costs can be huge and a hell of a risk even to a company with big reserves. Just my opinion but now that the slim hole technology has been proved successful they can now do a lot more drills without having to extract substantial reserves on every expensive drill. We all know the problems with the area, the reserves are there but it has proven very difficult for numerous companies to get them out of the ground. Maybe this is the approach to get it out of the ground in meaningful and profitable amounts. Start drilling and I hope they will do at least 4 a year. More drills, spread the risk, and who knows somewhere along the line they may hit a gusher, or even 2. But in the meantime with modest extraction, cover the costs and contribute a little. Dilution is disappointing but if it gets some of the projects over the line it will be worth it.
GLA LTHs, I’m still a believer.