Member Info for ART123

Yes everything is going well but the share price is still subdued and mainly because they need to complete the acquisition and complete the move to AIM. Just get it done please.

I think that perplexed is the only word to describe the confusion here and wondering what it will take to get this to a £20M/£30M/£50M m/cap or more. It's got to happen at some stage but what exactly will get the share price and m/cap moving back upwards is still unclear.

ATB

I think that GEX have just ended up with stupid management who are too scared to do a placing and then over complicate everything. The normal procedure is to bump up the share price and then do a discounted placing. This management here appear to want to drop the share price first and then do a discounted placing which doesn't work very well with this market.

Blimey, QHE (formerly MSMN) with their prospective 1 Bcf of Helium have today raised £5M, which is equivalent to the whole m/cap of GEX who claim to have a 2U Prospective (Recoverable) Resources of Helium 283 BCF in just 1 of 2 prospective resources (or 4 subject to the completion of the acquisition.

Yes and like Pulsar and Helix and Mendell, if Hussar is a success then they can continue and drill extra well after extra well into the basin so they won't need Mt Winter or Mt Kitty or any other prospect in the immediate future. Why can't they just do one thing at a bloody time - and the one thing to do first is to re-enter Hussar.

Is my thinking or are my figures wrong?

The m/cap isn't going to stay at £5M forever. It could equally be £50M or £100M with the right attitude/management and surely if the m/cap goes to a much higher level then the value of Central's 25% holding will also increase - and this could be out of all proportion to the value of the acquisitions.

Also I can't quite work out what happens if GEX give Central 25% of their total shares and then the GEX m/cap rises to say £100M or even £250M or more on a successful Hussar drill and testing, then the value of the Central shares will be 25% of this higher value which could be £25M or £60M - surely they can't have paid this much for the acquisitions. One thing is certain with 290 Bcf's of Helium at stake the share price and m/cap will not stay at their current subdued levels for long. All very frustrating and confusing.

The m/cap is totally barmy and even more so when compared to the m/caps of the other Helium explorers listed on the LSE:

HE1 - £61M

HEX - £88M

PLSR - £177M

QHE - £14M

MDH - £8/9M

GEX - £5M

Something needs to change as GEX has by far the biggest and best prospect out of all of these companies.

Sorry GLND's share price is in USD and not pence. The m/cap is correct though and converted into £'s.

I recently bought some Greenland Energy (GLND), listed on Nasdaq, who hold 70% of a massive oil prospect in Greenland which is due to be spud in October. Their flotation price was at 10p but since listing their share price has tanked and yesterday was as low as 5.25p, which is much the same as has happened here. I am totally confident that the GLND share price will be multiples of where it is now by the time they spud - and it is the same here.

Of course the big difference is in the m/cap. Even at 5p/6p GLND have a m/cap over £100M but the m/cap here is a tiny £5M. Something is drastically wrong with this valuation. HE1 had a m/cap of over £100M and as high as £144M before they spud their first well. This m/cap of £5M is totally bonkers. £30M/£40M would be more sensible taking into account that drilling is due in Q3, they have a free non-dilutive carry and an absolutely gigantic prospect not to mention a very safe jurisdiction - and even that should be much higher as they get nearer to spudding.

To be honest GEX appear to be paying far too much for the 2 acquisitions which are not priority or even under consideration for any activity. They, GEX that is, should of let them go when the funding was agreed for Hussar which is quite enough to be getting on with for now. Poor show by the management.

But then of course now he is desk bound and (home) office bound at least he can now get on with the AIM paperwork without any other distractions (like climbing mountains).

ATB

So the broken ankle last week would explain why the AIM Prospectus has still not been done as yet. Mind you if the bloke spent less time climbing mountains and more time getting the essential paperwork completed ............... .

Anyway otherwise everything is going well.

That reeks of desperation.

According to the Investor Meet Company website:

Oracle Power:

Last updated at 15 Apr 2026, 14:55

Upcoming Meetings

No meetings booked at the moment but you'll be notified when that changes

I think it was made perfectly clear on this board with the posts on 4th April that the Mining Licence still isn't going to be issued on the 17th April. That is rather the date of the meeting to finalise the paperwork at which point the application is progressed to the recommendation stage before being granted by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS). The Mining Licence will be formally granted in the weeks following these final court formalities - or as today's RNS states in the 'coming weeks' and which according to the posts of 4th April can be anything between 2 and 6 weeks.

Today's RNS would obviously have clearly said that the Mining Lease was going to be issued on 17th April if that was the case.

ATB

There were 1 billion shares in issue when this was EQT just before the debt restructuring and name change. I was under the impression that there were just over 8 billion shares in issue after the debt restructuring - which was quite bad enough - but today's RNS says that they are issuing another 8.6 billion shares which will represent 34% of the new total shares in issue which makes the new total around 25.5 billion shares. That is some dilution. M/cap is just over £4M

They said a rig contract would be signed by the end of Q1. The funding is available and they had a choice of suitable rigs so it must have been signed by now to keep on schedule.

I think that it is fairly obvious that a rig contract has been signed. The problem is that Hamilton is withholding the information just so he can get the funding off and get the Mt Kitty deal done. It's a shame that he is such an idiot as all he needed to do was get Hussar drilled and then worry about future projects at the time. Besides it looks like Hussar might be big enough on its own to not even need any other prospects.

AUSTIN, Texas, April 08, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Energy Company ("Greenland") (NASDAQ: GLND) visited the Nasdaq MarketSite in Times Square to celebrate its recent public listing, with CEO Robert Price, Executive Chairman Larry G. Swets, Jr., and Executive Advisor Joe Moglia ringing the Opening Bell. The event underscores the company’s focus on advancing hydrocarbon exploration in Greenland’s Jameson Land Basin, a large-scale, underexplored asset that management believes could represent one of the most significant new onshore energy opportunities globally.

Total shares in issue according to the RNS last week.

Total Voting Rights

Following Admission, the Company's enlarged share capital will comprise 166,874,437 ordinary shares of 1 penny each.