Member Info for belisce6

would be surprised if we don't get some materially positive news by the end of April.. "patience... daniel-son" :-)

was wondering why the sell down..
then realised.. they are presenting at a conference which include Farmout Promotion..
seeing that they have about 3 months to complete their decisions to drill or drop the Chuditch project, one would think that they would have a farminee already lined up and ready to sign..
possibly their presentations at these such events, makes it look like they are going on the road to sell their story to potential suitors.. maybe that is the reason for the drop in sp...

I wouldn't care much if they raised some cash for the drill, or even all of it... in order to keep their 75% :-)
possibly this is what the market is now pricing in.. as every day goes by, without a farmout announcement...

Noble just finished the last part of 3D seismic a couple of weeks ago, and has a deadline of non-binding farm-out offers for the end of March.. and they have stated they will announce which 2 prospects they will look to drill by end of March quarter :-)

I believe that they effectively 3D seismicked 3 separate prospects (10BCF, 8BCF, and 10.5BCF), so whichever ones they go for will be interesting.. seeing that 1TCF natural gas equivalent = 7BCF Helium or 10BCF Helium depending on what you read.. and Nobel will be drilling two different prospects, albeit after farm-down.. going to be massive :-)

They also have in the NE corner of their Rukwa tenements 3 prospects touching each other in a huddle, with a total of 105BCF prospective helium.. that is like 10 to 15 TCF natural gas equivalent (in monetary terms).. that is HUGE.. they did not succeed in completing 3D seismic over it, cos the terrain was too difficult, so it has been left for now, cos the other prospects are all seen as worth drilling..

working lower price to get some on board perhaps ?
sometimes see CR price after CR, when not enough CR given to wanting takers ??

according to their timelines, Geophysical studies finish at the end of Mar2023, or 2D Seismic reprocessing at end of Mar2023, and the FTG and Magnetic data review and interpretations at the end of Feb2023.

sooo.. would like to think that at least into April some quantitative figures on potential resources are announced.. :-)

Hi all,
was pondering getting into this one some time ago, and now am looking at it again, and the drop is quite obvious..
however I see they had good discoveries on their small % holds..
just wondering why the negative momentum in sp ?

Which videos?
Any links?

yes.. i recall reading that a rig would cost about 7mill quid, so at 32% thatd be just over 2mill quid for upl share.. in 2023 perhaps.. for a possible 32MMBO or so... doesn't look like a bad investment... ;-)

Brushless,
the timing of that New Major Holder was just before the expected Sarawak new license announcement expectation...
it never happened, so the sp in general came way back... so who knows if that is about to come out now or not...

yes many theories.. doubt that Sarawak is there for raising cash for tunisia...
the setup of directors etc, makes it look like Sarawak project and other potential SthEast Asia projects are the main menu, and that tunisia will be left for dessert eventually :-)
(just a theory)

cluelesstim,

i believe that this issue has been discussed a few times now, and that simply it had to do with lack of infrastructure which is now in place, relatively nearby, as well as possibly the actual gas price...

check it out on telegram group as well, cos i this was covered there as well..

tapper2.. yes.. i did... the RNS plus the two interviews and the broker note... ;-)

anyways.. will not write about this topic here on ADV anymore...

BigPlan,
agree with Nate-PI..

besides in the proactive interview he states that total of at least 90m of helium shows covering the 5 karoo areas..
and also states that the fizzy wizz stuff they could actually wireline log, was in fact simply part of the 130m seal itself -consisting of 3m thick sandstones interbedded with the shales...
my first thought would be that you probably wont find helium discovery in the 130m seal itself...

the other 4 areas in the primary Karoo reservoir never got tested..

so TAI1 result is inconclusive in regards to whether their is commercial helium deposit down there... and therefore will need to be re-drilled at some stage...

my interpretation from other pieces of info, is that the redrill cannot be right now, cos they will need a rig that can drill wider diameter holes etc... but am happy to wait to see if this holds, once they have completed their detailed analysis of what didnt allow them to test those 4 Karoo helium show areas, and whether a different rig would definitely alleviate the drilling issues...

Bunsa... no...
in that interview he did state that they were going to be testing etcetc... it was overly positive in regards to fasttracking etc..
but easily could have been done before they realised that they wouldnt be able to wireline log below the 850m mark or so...

i dont see where it ramps and deramps...

states that current rig can be used for ongoing shallower targets or prospects, but that TAI might need a rig that can drill wider holes (meaning stronger rig)... goes on to indicate that nothing has changed form pre-TAI risked and unrisked sp valuations...

so sp can again be at the old risked level of 25p :-)

SeaHawk.. this Tai1 drillhole is basically undetermined...

they did not get to test the lower helium shows at all... so thats why it needs to be redrilled later on with a stronger drill..
DM probably not being too specific right now because they will no doubt be analysing all and reassessing how to go forward, and the interview with Zak was very short, without real probing Questions being put forward...

i saw it on he1 telegram group messaging...
no doubt someone will post link to it soon enough...

HE1 Investors;

based on DM interview with Zak, + RNS + todays Hannam note;

Tai1 NOT a duster...
simply the drill rig they used is not strong enough for the deeper stuff, below the 800m or so..
so current rig can be used to go ahead and drill shallower propects..
but looks like for a Tai redrill, they will need a stronger rig (just for that extra 350 to 400m or so) :-)

Tai1 definitely NOT a duster...

(am also wanting to get into ADV based on its own story, but not until next paycheque :-) )

SeaHawk.. why stuffed ?
use the current rig to go and drill a couple of shallower targets.. ie; down to 800m or so... right ?
should get some success with that... and then in next drill program do the deeper stuff with a stronger rig... ;-)
its only another 350 to 400m... ;-)

DM didnt express himself quite as precisely in his interview with Zak...