Hero Technologies Inc (HENC)

[Hamilcar54]

It costs money to wait it out. Like I said, with TGC's cash burn they will likely end the year with not much more then 1 million$
That doesn't leave much to drill in 2017 so it doesn't make sense.

The fastest path to income is to hit oil, they have the money now so why not do it after they've updated their model ?
Same goes for your argument to find a buyer for their interest. Why sell now when you can get multiples if you drill one more well and hit oil ? Especially when you have the money to drill the well, so again it doesn't make sense.

Questions I have:
With the data that they now have from their dry well. If they update their model with that data can they then fully distinghuish between water and oil in geological structures or not ?
Can this model then also be applied to PEL 112 ?