Great news their 4th hole the 14-23 has been started.
They have had some time through spring breakup to use their completed seismic to target what should be some highly prospective HE/NG reserves.
A little patience now to let the drilling operations do their thing.
Great that NG is on the rise once again, by the time they are ready to bring the NG to market from the well, the price could be north of 8 again which would be prime.
The HE content is to be seen here but loving their business model of creating streams of revenue and using it to drill and build more streams of revenue.
Off take agreements in the works to strategically fabricate the helium processing facility for the 15-25 later this year.
Still no need for any debt or private placements.
SP lagging performance but that should catch up especially with any added income from the new 14-23.
GLTA