Helix Exploration Share Chat (HEX)

Is Bo drilling something else or are some others using the rig ?

@2:39

https://www.youtube.com/watch?v=D5LD37N63tY&list=PLnk_WM-WosgX6M4OlFvjFrEXcgPusbPvW

Fair enough Prospector, adjust to suit.

I was just going on the RNS of June 20th, which said it would follow on from Ingomar

Perhaps deals may be done?

do you have a link to that interview at all, thanks

Yes prospector you are correct.

That pricked my ears slightly when I heard it as not sure how you can square ‘back to back’ drilling with ‘actually, two jobs in between’ but I guess things change.

I’m hoping that Bo uses this mishap to extend the drill - that would make this episode a blessing in disguise I think.

Tiburn, your summary is not quite correct. Bo said in an recent interview the first rig used at Ingomar would be doing 2 jobs elsewhere before returning to Rudyard. So, probably in 6 - 8 weeks from now .

Great summary Tiburn...... plenty upside just ahead.

A lot going on in the background, estimated timeline, adjust to suit your view:

1 - Rudyard rig up - at anytime - it was scheduled to be back to back Ingomar drill - June RNS: "rig and services will move to Rudyard immediately after completion of drilling at Ingomar Dome in Q3 2024"

2 - Sourced new rig for Ingomar - expect before end Sept

3 - Rig up Ingomar - early Oct

4- If Rudyard rig up by Sept 30 - c 2 weeks for drill , gas shows on the way confirmed - Mid-late Oct complete drilling

5 - Ingomar casing completion and deeper Cambrian strata drilling potential - confirmation of reservoir depth in gas - updated HE and Hydrogen shows - wireline testing - mid-late Oct

6 - Rudyard wireline testing - Late Oct

7 - Appraisal of Rudyard via extended flow testing - completion mid-late Nov

8 - Appraisal of Ingomar via extended flow testing - completion mid-late Nov

News flow on logistics could commence at any time, with constant RNS and interviews from now for next two months expected.

In this period we may understand:

- commercial discovery at Ingomar for HE and Hydrogen, scale of resource, flow rate %

- Rudyard appraisal, confirmed flow rate as already a discovery

- route to market plans

- other projects, partnering, non dilutive financing

Expect the mcap to react to the weight of evidence presented on route - may trigger substantial positioning before the confirmed discovery scale - once this is confirmed, as reasonably expected based on evidence to date , with just 124m shares in issue .....

This is the start.

Just have to be patient.

But TL2482...

if you wait for an operational certainty, you'll be paying several multiples of current SP.

Do you back a favourite and just about double your money or do you go for a 100/1 outsider with the chance of making life-changing money. Fortune favors the brave!

If you know they were buys DB then they were used by you and your associates to stimulate the market which was subsequently sold into to facilitate further offload

Id say they were buys personally.... if those big numbers were sells we wouldn't have jumped 16% Friday..... looking forward to RNS in next day or two from Bo saying new rig is on way.

TL we have no way of knowing whether they are buys or sells. All we know is the number of shares traded, the time and date and the price. Most people are wary of the buy/sell indication on all trades shown. I have had my own buys show as sells and vice versa over the years.

Late trades from Friday. 16% up and a day of consolidation holding well bar 1.26%.

Expecting the same drama queen cries and games no matter what the sp reaches.

Fleece…. Please.

Its putting me off this share big time until the company actually has an operational certainty or even until they show what they have. Until then we are at the mercy of big seed investors playing games with the price to fleece PI's

“Buys” 🤣

Https://www.reuters.com/business/energy/helium-demand-double-by-2035-tracking-chip-production-boom-report-says-2024-09-09/?taid=66df148d0999c100010849ae&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

New ***

There are many stocks months and years behind Hex who is in mid operations with strong strong helium and hydrogen shows and fully funded and solid forward plan and you have bucketboyearl suggesting people should sell for lesser opportunities elsewhere just so he can buy your stock cheaper.

Hex knew to Aim and already years ahead of peers operating in helium rich producing province. All funded No debt. CEO aligned with investors who has investor returns highly prioritised and protected from dilution. Lots of fire power in bank and well connected and respected CEO at the helm.

Earlofshame….yeh you should sell

Hmmm 😂

All Locally sourced equipment so min time wasted

All,sounds very plausible to me….. wouldn’t be surprised if we surpass 27 with next RNS saying new rig being assembled with 7’ casing at the ready

I bet it was zak that was the fridays buyer.

Https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-8th-september-2024/

... www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-8th-september-2024/

The target for this drill was the Flathead fm, as per analogous wells producing in region - "The Flathead produces helium in Southwest Saskatchewan, and most recently a discovery

in the Greater Knappen area in northern Montana by Avanti Helium."

Helix expected to find Flathead Helium, well position was planned for this as the primary target.

In IPO submission document, page 85 , Ryder Scott also confirmed :

"There are no analogous fields producing helium from the Amsden or Charles formations."

So this drill is a wildcat for these formations, albeit with excellent indicators for Helium established by ground soil analysis and the previous HC drills DSTs from the Amsden and Charles formations recovering continuous non-flammable gas at high pressure.

This drill could be a completely new Helium discovery in Amsden and Charles formations - with associated implications for further opportunity in the region for similar prospects.

Market yet to gain confirmation, but the signs are surely positive enough for Helix to steal a march on competing firms and secure, or best position for, other leaseholds with similar Charles and Amsden Helium prospects - whether alone, or through partnership as has occurred for the Rudyard field.

As each partnership may be secured, so the next approach carries more weight, due diligence easier for the seller/partner to complete and so align with Helix.

Helix are at the forefront and have a stated strategic goal to grow the Company substantially - this well is likely to be the initial catalyst.

Then there is the Hydrogen at 10.3% - an order of magnitude greater than Bo experience of other wells only showing "percentages of percentages" - this potential Hydrogen commercial discovery being synonymous with this well location's particular strata could be the second catalyst for mcap growth.

Ryder Scott confirmation of all resources scale following further deeper drilling could well be the third catalyst for $$ funding/ RBL leverage - and so market cap growth through field development.