Member Info for Bens_sipp

@MCNol Very impressive summary, but the lack of rns it is easy for the mind to wonder on all scenarios.

I would like a bit more granularity on the Tanzania RNS.

Has the pump arrived?

Has the pump cleared customs?

Is the testing underway?

Are we waiting for the tests to be completed and an updated competent person's report before we get RNS!?

I cannot get a quote for 20m.

Https://www.share-talk.com/from-re-rating-to-reality-small-cap-energy-set-ups-for-2026/

I think I will aim to give AIM shares a wide berth in the future. I could have left the funds unallocated and been in a better position. When I leave this share I will also be leaving small cap shares entirely. Mcap £1B + is way more predictable.

GLA. Let the rerate continue. Merry Christmas everyone! 🚀

Up £36k today, just another £81k to break even! Hoping for 0.64p, but may start to exit before that. 🤔

I'm £14.5k up today! Just need another £115k and I'll break even.😅

GLA. 1st Helium produced! Would be happy if this gets to .45p today. It feels like it will be a 200m trades today. Hopefully next rns will be esp pump on site in Tanzania.

Thinking about clean helium not being as much of a selling point.

In the trump era we have a diminishing care for global warming encouraging hydrocarbon production. If hydrocarbon prices reduce there is the possibility that some plants may throttle supply as a reaction to lower prices. If those plants also had helium as a byproduct then there may be a reduction in helium supply. Lots of ifs here, but it is a possibility.

Does Galactica have an offtake contract $350-$600 per mcf seems a bit vague.

I appreciate that they acknowledged the damage to shareholder value that the CLN fundraising caused. It hopefully shows that further fundraising will be more carefully considered.

It's not my fault, I bought 2m @0.35p with a limit order today.

Previously I just thought that the medium term mcap should still be valid, which had stood at about £60m, but the CLNs have changed the sentiment more than I would have thought possible. Other than the CLNs the RNS has not been negative. Maybe this is worth £60m? In any case if there is any significant move up or down I'm out of this share. Will sell if this share goes below 0.3p and will have an itchy trigger finger if this heads towards 0.5p.

My take on the rns. No import duty on the pump. Will probably get esp results in mid January now.

I threw my toys out of the pram about a month ago, and now am much more resigned to whatever happens with this share. If I was expecting it to go down I would not be invested.

I'm just saying if we don't get an update at the AGM that would be bad news. Let's imagine the scenario:

AGM question: can we have an update on the esp test progress in Tanzania?

He1 answer: No

I'm not expecting esp results just an update.

15th December is their agm

There has been little to no news on Tanzania. All we can say is I think they have ordered the pump/pumps and have laid pipework from the well to the lake to get rid of the water. We can expect some update on or by the 15th otherwise sp is heading down again.

Up 5% in two days 🚀🚀🚀 (Ignore the 8% drop in last month and 53% in last 6 months!)

But in all seriousness I think we are near some re-rate soon. I would be happy for just 20% currently. Fingers crossed.

Dissolved gas concentrations can vary in a large body of water. In the ocean this will be higher at the surface due to contact with the atmosphere. In this revoir the "production" through radioactive decay is deep down instead of on the surface, also higher pressure deep down may also allow for higher concentrations. Additionally there may be seepage of gas at the top of the reservoir.

In conclusion I am not overly concerned about a reduction in He concentrations during esp testing. There may also be an argument they they could increase. IMHO DYOR

CLN overhang? Maybe. I have a confession. I've been so disappointed with He1 performance that I did want to rock the boat on Friday and Monday. I've roughly ended where I began, but on the 14th 40m trades out of the 190m were from me and on the 17th 11m out of 139m were me also.

I feel stuck on this share and think there is some upside, but it is taking an age to come through.

Side note: Recent "forecast" said there was a target of 1p on Galatica and 1.2p on Rukwa IIRC. I looked at the blue star mcap and balance sheet. I note BNL have liabilities of 14.5m AUD and a mcap of 10.8m AUD. If you add these together you get a value of £12.5m. This with the forecast split we can make an estimate of what he1 mcap should be £12.5 * (1+1.2) = £27m GBP (but it still has £3m in cash) so £30m is more accurate. The current mcap is £35m so not far off. I only added this note as before I was really concerned that the value of BNL was below what I was expecting for the reflection onto the value of He1, but I had not considered the liabilities before.