Member Info for ART123

The market does not and should not have much confidence in MOU-1 flowing commercial rates of gas. When the drill results came out on 6th July 2021 the share price fell from 15p to 8p - a daily drop of 45%. Over the next week or two it proceeded to fall to 5p. During the drill the SP had peaked at over 20p. The market just did not like the drill results as presented. What has changed?

And the management has been promising to test MOU-1 ever since but has never previously bothered which doesn't show much in the way of confidence.

the problem with sound energy around the time that they drilled and tested their first moroccan well was that all the posters expected far too much. the word was that 1 tcf was equivalent to a £1 shareprice. sou then proceeded to make a discovery of between 9 and 31tcf's and everyone was sprouting on about quite absurd m/caps but it only reached the 1 solitary £ for a m/cap of over £500million.

that only £1 led to one of the biggest ****ging off's this board has ever witnessed. the same will no doubt happen here, that is if paul griffiths can get flow rates to match those seen at tendrada - "a stabilized gas flow rate, post stimulation, of 17.0 mmscf/d (0.5 million scm/d)."- and estimated volumes such as: "the basin model highlights the possibility for a range of estimated volumes across the entire tendrara and meridja permit areas, with a 9 tcf low case for unrisked original gas in place (gross) and, if all the key elements of the petroleum system's model are present, an upside case of 31 tcf of unrisked original gas in place (gross)."

there are posters on here sprouting such equally absurd m/caps and this hasn't flowed at all as yet.

And of course most of the extremely rude LTH's here all acquired their millions of shares at about 2p so they have nothing to worry about anyway. It's always the same.

This share seems to be quite attractive from around the 5p/6p level but not so attractive from 11p/12p.

Of course, the lesson to be learnt is not to pile in without doing enough research. Unfortunately, having made that mistake, I am now finding that the more research I do on the PRD Moroccan assets the less attractive they look.

If MOU-1 was a successful well, surely they would have tested it soon after it was drilled and not 2 years later.

Lots of warning signs here - including the management and particularly Paul Griffiths having an ongoing slanging match with social media posters and tweeters as was seen on the most recent podcasts.

ATB

Having never really held here before, I got in recently after the placing with high hopes for the testing but have already offloaded most of my largish holding on worries about what if anything will actually flow here.

Sound Energy acquired their Morrocan gas assets back in 2015 and had drilled their first well - TE-6 I think - about a year later. They followed the gas shows with a quick flow test and with superb results the share price shot up to peak at £1 for a m/cap of over £500M. What a success!!

Predator on the other hand acquired their Moroccan gas prospect several years ago and only drilled their first well - MOU-1 - in 2021. The well had mixed to bad results, with no positive gas shows recorded, and the share price tanked from a high of 20p+ to about 5p. Ever since the management has been telling the market they would test MOU-1 but the testing has always been delayed and delayed. Instead of testing MOU-1 straight after it was drilled they drilled MOU-2 - which turned out to be a total disaster - and then 2 years later, in 2023, they drilled MOU-3 and MOU-4, which in fairness finally actually look like they might just be successful and to have found gas.

However now instead of making the sensible decision to test either MOU-3 or MOU-4 first they are going to test MOU-1. This decision surely takes the risk of MOU-1 not flowing very well, or at least not as well as is likely from MOU-3 and MOU-4.

Alongside the MOU-1 worries, the management here are the only ones I have ever heard complain about the cost of rigless testing. This is usually done without any alarm about the cost, or at least without concern as long as the companies involved are pretty sure that they have hit gas or oil and that the well is most likely to flow. And instead of using the tried and tested rigless testing established methods they are sticking their necks on the line using some new-found technology which is not industry standard. Maybe PRD do not have much hope of getting any great flow rates from MOU-1 and that is why they have sourced a cheaper testing option.

Also why test 22 different horizons, none of which are likely to flow at a decent commercial level. This also sounds an odd way of proceeding with the much-delayed testing.

All in all, I have much reduced my holding and will now watch how the testing proceeds. From checking back on the share price movement during Sound Energy's testing in 2016 it is obvious it will be easy enough for me to buy back in if the testing starts to go well and gas actually flows from MOU-1. However, without very good flow rates the share price could quite easily fall back down to 4p or thereabouts.

Cory Moruga acquisition is delayed again - what do you expect, of course it is.

AJMHO.

It is easy to do these little trades from these free-of-fee websites - there was never much point in making a tiny trade if you were paying anything from £3 to £11.99 for the trade!!

747; 666; 999; 911 - someone is taking the p*ss

The 10,000,000 trade at 11.00 a.m. at 0.1993p is a buy as they have dropped the ask to 0.1974p

Does anyone have a link to the webinar(s) please.......

You never know - if this turns out to be a cracking high-grade copper resource then I might even get my money back. Unfortunately we won't know, and the share price is unlikely to multi-bag until all the pre-drill work is done, an initial drill campaign is funded and drilled and the assay results (if applicable) are published.

But at least there is some hope here!!!

Poor management is the problem here. Lorna Blaisse might talk the talk but she has little or no experience in charge of a company as the CEO. Even D Minchin managed to get the share price moving in the right direction at the right time. And now with I Stalker mysteriously gone as well the company is almost of control. Unnecessary podcasts keep appearing and silly presentations are done when all it needs is the odd RNS to keep the market informed of progress.

If HE1 are going to need more funds then it is best to get it done early, as Noble have just done. Get it done and out of the way. Now nobody knows what the f*ck is going on and the share price just keeps falling further every day.

Pathetic - and entirely due to poor/weak management.

18 August 2023

Clarification Announcement & Amended Presentation

In response to queries received from shareholders, Noble Helium Limited (ASX:NHE) (“Noble

Helium” or “the Company”) would like to confirm that only Marriott Rig#16 has been contracted to drill both North Rukwa wells in our maiden drilling program. As noted in our Operations Update on 15 August Marriott Rig #16 departed the port of Hull on 11 August aboard the MV Bohwa Tsingtao and is scheduled to arrive at Port Said at the northern entrance to the Suez Canal on 23rd August. The rig is expected to arrive in Tanzania in early September and anticipated to be onsite to commence drilling in late September.

As we are targeting simple relatively shallow vertical wells, our current drilling and testing plan for the Mbelele wells anticipates both Mbelele wells drilled and tested by the end of October, well ahead of the start of the wet season. The Placement announced today provides sufficient funding for the drilling and testing of both wells and ongoing working capital requirements.

These are AU$ figures, so they need to be divided by 1.985 (say 2 then) to get UK£ figures.

Sources A$M - UK£

Placement 12.0 - £6M

Uses A$M

Rig Mobilisation from UK 1.2 - £600K

Rig Demobilisation 1.8 - £900K

Shipping from UK 0.6 - £300K

Minimum 90 day rig cost 1.6 - £800K

Additional funding towards 2nd well 6.1 - £3.05M

Working capital and capital raise costs 0.7 - £350K

Total 12.0 - £6M

17 August 2023

Sandra Wutete

ASX Limited

Level 40, 152 – 158 St Georges Terrace

PERTH WA 6000

By email: TradingHaltsPerth@asx.com.au

Dear Sandra,

Noble Helium Limited – Request for Trading Halt

In accordance with Listing Rule 17.1, Noble Helium Limited (“Noble Helium” or “the Company”) hereby requests a trading halt from the ASX effective immediately, pending an announcement regarding a capital raising.

The Company requests the trading halt last from receipt of this request until the release of the announcement, in any case no later than the commencement of trading on Monday, 21 August 2023.

The Company is not aware of any reason why the trading halt should not be granted, nor any other information necessary to inform the market about the trading halt.

The Board of Directors of Noble Helium Limited authorised for this announcement to be given to ASX.

Kind Regards

Craig McNab

Company Secretary

Anyway, the Tai-C drill when it starts will be quick and should be completed within 30 days. That will be the rig finished for then as the testing will be rigless. In fact, it is a shame that the Marriott rig is already on the water as otherwise Noble Helium could have cancelled it and contracted to use HE1's Predator rig. Shame that as the rig could have paid for itself by the end of the year!!!!!!!

Craignews

Besides there is no sense to that statement as the HE1 m/cap is about 3 times higher than the NHE m/cap so for their money they would effectively get 1/3rd less of the company.

Craignews

Where is that information coming from???

The rampers can keep blaming other posters but at the end of the day it is the share price that is causing concern. Some posters, including myself, are doing little more than wonder why the share price is not rising as it did pre-spud in 2021. There has to be a reason and so far it is not apparent.

I've just seen the trading halt at NHE for another capital raise from posts very early this morning.

Unfortunately, the worry of suchlike happening here is doing a very good job of keeping the share price down when by rights it should be moving up pre-spud.

By the way, it was constantly posted last time that there was no headroom which in fact turned out to be a pack of lies when HE1 proceeded to raise £10 Million so I for one certainly will not be listening to that argument!!!