Member Info for 99icecream

I'm note sure about your units but anyway my calculation is as follows:

He3 is about 0.9 parts per million (of Helium) by at Rudyard ( .06775 x Ra, with Ra =1.34). So in 8.04 Billion Litres of Helium you get 7,240 Litres of He3. 1 Litre of He3 weighs 0.1339 grams, so 7,238 Litres of He3 weighs 970 g (approx 1 Kg)

You should not get too excited about the He3. Its nice to have, but not Economically very valuable of itself. Think of it this way:

To get 1 Kg of He3 (worth say $20 million) you would need about 8.04 Billion Litres of Helium. That 8.04 Billion litres of Helium at about $25 per litre is worth $201 Billion. So $20 million for He3 is tiny by comparison.

I think that its probable that Morocco will settle this Arbitration Claim outside the ICSID if they loose on the question of Jurisdiction. Although, it seems sure to fail, the Jurisdiction ruling may be considered to be Morocco's best (or only) chance of defeating the Arbitration claim. The fact that Morocco have done this now, rather than at the end (as an attempt to Annul an unfavourable result), suggests that they are keen to get control of the asset in 2026. IMHO.

Tesla drops threat to scrap graphite supply deal with Australia's Syrah

https://www.reuters.com/business/autos-transportation/tesla-withdraws-termination-notice-graphite-supply-deal-with-australias-syrah-2026-05-31/

News - The Net Present Value of a project is (PV of Revenues - PV of Costs), so to say that if Selling Prices increase, then NPV increases is tautological (i.e. obvious).

Helix Exploration strategically avoids winter drilling at its Rudyard Project in Montana. The company limits well drilling and field construction to the summer months to eliminate the high operational costs, equipment risks, and logistical delays caused by severe winter weather.Because heavy snow, freezing temperatures, and muddy spring thaws significantly increase operational expenses, management formally adopted a strict seasonal strategy. This approach ensures that crews only drill when weather and ground conditions permit safe, efficient movement of heavy rigs and equipment.

It does look like the potential buyer of Kore is waiting for particular milestones to be achieved by Kore before a deal can be finalised. Depending on who the potential buyer is (if they want the funding deal or will provide their own funding), this may include the funding package being finalised (which itself depends upon milestones being achieved). The potential buyer would be getting a "shovel ready" project which has been further de-risked, and presumably will paying a high price on that basis.

I'm sticking to my opinion that the buyer will be Chinese (and will bring their own funding), but there are several other credible candidates, so I'm happy to continue to hold.

Success with the Waterflood will be essential for a share re-rating.

Success with the Waterflood will be essential.

The history of this company has everything to do with why the share price is low. Under the previous name, Nostra Terra, (and previous management) this was a financial disaster over a period of 18 years. Then in November 2025 there was a fund raise for Bitcoin mining, 7 days prior to a dry well. At that point many assumed that the new management was no better than the old and the share price fell from .0025p to .0008p in the matter of a few days.

Given the history I expect the share price recovery will be slow, investors will want to see money accumulating in the bank. Having said that, the re rate potential here is substantial and I have bought shares because of this.

There is also a graph of the assumed decay of production in the penultimate slide of the latest presentation (April 2026).

https://buccaneerenergy.co.uk/presentations/

See the RNS on 28 January for the Reserve Estimates supporting the loan.

Do people pay to read that **** ?

If they could get additional wells on the same basis as Carlisle-1, I'm sure they would do so. But the higher oil prices may raise the price of acreage offered. Buying additional acreage at a high a price, only to see the oil price fall, would not be a good option. Hence I'm not surprised there is little detail in plans beyond 12 months.

Walviskop is the model for 2A, and there is no way that Kazera will be able to fund the capital required for 2A on its own. So I don't see this as giving away 50%, its the opportunity to see if the partnership will work for 2A.

Its the inland diamond operations that are on hold, the "...New high-potential diamond block awarded to DBM by Alexkor.."

"Inland diamond mining activities have been put on hold due to diesel fuel shortages and extremely high prices"

Nostra Terra (NTOG) was indeed a unique investment. It must hold the record for value destruction (without actually being de-listed). By my calculation had you invested £1,000 in Nostra Terra when it joined AIM in 2007, that investment would now be worth only a few pence.

The review for the book entitled Terra Nostra (by Carlos Fuentes) I think had it 100% correct:

"Terra Nostra is a hallucinatory, twisting night terror of an epic".

Having said that, I must confess to owning BUCE at an average price of 0.0095 pence, so one day I might need one of the rare T-Shirts !

If "a bigger entity" wants it, a $1.5m break fee will not be an issue.

Shauny86. - Seems obvious to me why ZIOC raised an extra $5 million. Everyone assumed that RAM would come up with $25million to cover cost until FID. However RAM are clearly not (currently) able to do so. ZIOC must therefore consider the possibility that RAM might only cover $15 million (first 3 tranches) leaving ZIOC to fund the remainder (which implies the current estimate of costs to FID is about $20million).

Tranche 1, is divided into 5 sub-tranches of which each is $5million and gives them 4% of Jumelles. The first 3 are compulsory, the last 2 are at the option of RAM. One assumes that $25 million is far in excess of what is needed to get to FID (i.e. $15m is the budget), therefore its possible that RAM may provide funds in excess of what is needed or not at its discretion.