Member Info for ART123

The last time there was a 'Share Price Movement' RNS from the management on 12th December 2019 the share price rose 186% on the day - not that I'm expecting that to happen - but it would be rather nice.

At the end of 2019 the SP was around 1p-1.5p. Then Covid kicked in early in 2020 and the Chinese in particular closed their borders which is why China has had so few cases and deaths compared to all other countries. These borders are now starting to reopen so talks and progress should at last be able to resume.

Plus a perfect storm is brewing. Last year many European countries saw a big fall in the production of their solar and wind projects, which saw a panic fall back on gas as a means of producing electricity. This immediately forced the price of gas to rise dramatically. Sine then the Russia/Ukraine business has added further rises in the price of gas and oil.

Of course many countries, USA, China, Japan, and others are still using vast quantities of coal to produce their own cheap electricity, while most of Western Europe has rather prematurely tried to phase put their coal fired power stations. Now, countries like Germany, Austria and Netherlands are in the news as having to back-track fast to reopen their coal power stations to try and reduce the cost of electricity.

With many large countries still very much dependant on coal it would be very silly for a less-developed country such as ****stan to attempt to turn their back on coal at this stage.

I'm surprised at no RNS. If the SP rises enough the CEO will be forced to say something and we all know what that will be..............

MATD - they are waiting to bring an oil discovery into production in Mongolia very near to the border with China. The Chinese have locked down the border and even the Chinese company producing oil from an adjacent discovery have had to shut down production. No staff or equipment has been allowed across the border for months now.

I am just saying that if HE1 cannot get the required equipment from Shanghai then they might not get this well drilled this year.
Obviously if they can get the long-lead items and they have rig in country already then the drill will go ahead as planned.

Sorry, that last post seems to have repeated itself. That was not intentional.

It's even possible that the lack of availability of the long-lead items may be the reason they have taken so long to sign the rig contract. Without the guarantee of the accessories there isn't much point in signing a rig contract.

We shall see, but I can definitely smell a problem here that is leaving them more than 3 months adrift of last year's timetable.

It's even possible that the lack of availability of the long-lead items may be the reason they have taken so long to sign the rig contract. Without the guarantee of the accessories there isn't much point in signing a rig contract.

We shall see, but I can definitely smell a problem here that is leaving them more than 3 months adrift of last year's timetable.

I think that the CEO has possibly given the game away during this short interview.

Interestingly, he has said that the drill rig is not the problem with getting the next drill spud in 2022. The rig is based in Tanzania so there is no great problem getting it to the drill site.

However, along with the rig, the drill will also need a host of long-lead items, some of which will need to be shipped from Shanghai, China.

This is where the problem currently lies, and to my thinking this will be the problem that may lead to the drill having to be put off until 2023.

Anyone who has been following events in China will know that virtually nothing non-essential has left the country for a long time. I know of another company operating in a country bordering China who have not managed to get any equipment through the border so far this year. When the borders do open, there will be a backlog and it is doubtful that HE1 will be high on the list for equipment.

We shall see. Yes, if they can get the equipment then the drill will go ahead this year; if not it will be postponed until 2023.

AJMO

Back to 8p - and then sub 8p until they have a rig contract signed and that will need to be in enough time to drill this year before the wet season.

Leonidas1

Last year the rig was already in Tanzoania. See this link:

https://www.investegate.co.uk/helium-one-group-ltd--he1-/rns/appointment-of-drilling-contractor/202103220700079410S/

Note: Accelerated mobilisation with rig already in country.

End of July we might get another 'short' interview on some unheard of podcast - a while ago it was the Irish Times that gave every one hope. This time it was Directors Talk who I don't seem to have heard of before.

In truth I have never heard of an audit for a drill rig before either, especially just to lease one. You would think they were buying it!!!!!!!!!

In truth, it is just not possible for the management to make such a huge fuss about getting a suitable rig. This has now gone on for months. And there have been lots of silly posters on this site looking at rigs in the USA and other places when all along they are going to use a rig from Tanzania.

Something is not right here at all.

This drill will only go ahead now this year after they appoint a drill contractor and provided that is within a time period to allow them to acquire all of the necessary long-lead items, etc.

I will believe it when I see it.

The AGM was in October last year. Why are posters talking about his year's AGM if it is not until October - or is it due to be held at an earlier date this year???

I will believe that this drill is going to happen this year at the point that the management appoint a drill contractor and not one minute before.

So far the management have been dragging their feet for months on end and talking of doing this but not getting it done.

And they did a placing last year, between contracting the rig and the mobilisation of the rig ,so that is very likely again this year.

My point is that if they contracted the rig next week, which doesn't sound the least bit likely and at the speed the management have been operating now for the last few months, it is definitely not likely, it could still take them another three months to spud and by then they might decide they are too close to the wet season to proceed safely.

No, this is definitely not sorted yet.

Yes, maybe a nice little quick profit for a few here with this non-RNS'd news but in reality it doesn't sound like this is sorted out at all as yet.

Also I cannot remember all this fuss about getting a rig last year. They just got on and got one arranged. And at 3.11 minutes into the interview when DM says "Interestingly,......." he is already preparing an excuse if they don't get any drilling done this year by potentially blaming delays on getting the long-lead items, which in the real world cannot sensibly be ordered until the rig is contracted. And anyone who has followed other drills this year will know that things are not operating smoothly. It will only take one set of items to not be available to scupper the plans completely.

Last year the Rig was contracted on 22cnd March - https://www.investegate.co.uk/helium-one-group-ltd--he1-/rns/appointment-of-drilling-contractor/202103220700079410S/
and as DM said in the interview today there are a few steps to go before they can contract the rig.

Last year drilling didn't start until 16th June, so that's nearly three months between contracting the rig and the start of drilling and now we are more than three months behind last year's operations.

I just cannot see why they are making such a huge fuss about getting a suitable rig but they are certainly creating plenty of possible excuses if drilling doesn't get done this year.

No rush then:
"The Company intends to request a restoration of the listing of its Ordinary Shares on publication of the FY21 Results. The Group continues to work closely with its auditors to ensure that the FY21 Results are published as soon as possible. This is expected to be before the end of Q3 2022."

Could be another 3 months before publication and the resumption of trading........

The suspension is due to the results not being published:

27 April 2022
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
UPDATE TO RELEASE DATE OF THE 2021 FINANCIAL RESULTS
Lamprell PLC provides an update on the timing of publication of its 2021 financial results. In accordance with the temporary forbearance granted by the Financial Conduct Authority (FCA), the Group expects to publish its audited report and accounts for the year ended 31 December 2021 by no later than 30 June 2022.

29-Jun-22 11:19:33 38.1311 1,810,622 Unknown* 45.00 47.00 690.41k

Well this trade was obviously a Sell as this was when the SP was at it's lowest point - and probably what caused much of the fall.