Member Info for Blubay

Bonnie, there is not a cat in hell's chance of a major JV partner signing any kind of agreement without stress testing a full and detailed analysis of the well data. Bonkers

Excellent

"We did things differently at this well, we tested it, and had our own independent verification at site. The samples and flow-testing were analysed at site, so we’re very confident what that 4.7% tells us. We will be sending some samples off to the lab, but we’re not waiting on them to move to our next steps, and that’s an important message to get across.”

"Our immediate intention is to monetise as quickly as possible."

That will not be the 'next news', not a chance. The next news will be what she said it will be in the video. Short term, they will advise the market of the results of the detailed data analysis, probably with a research note or broker note.

More like Pret a Manger at 11.30 these days

What do you think are more appropriate estimates? So far we have the company's original estimate of about $34m for an aggregated plant (gathering from six wells) and LOTM's estimate of $15m for a pilot plant. What's your estimate for capex?

As she said explicitly in the video, they already have independent verification from the Field PVT lab they hired to be onsite at the well head. They are not waiting for results from an overseas lab. They are proceeding to make development plans on the basis of a confirmed and transformational discovery, albeit that still needs to be modelled and quantified for commercial development. It couldn't be clearer.

No-one is expecting an RNS on Monday, there you go, job done, watch the SP fall

So they need to know about composition in liquid state and composition in gaseous state at different depth pressures in the well in order to build an optimal engineering model

Really helpful thanks, that's exactly the kind of info we need to think about.

As there seems to be some misunderstanding (wilful or otherwise) about flow data expectations, it's worth underling that the helium generation system assumed in this drill is a migratory one, based on two stages. The primary migration is driven under pressure, but the secondary migration is driven by gas buoyancy in groundwater. The liquid isn't supposed to be gushing from the well under deep pressure (like an imaginary Hollywood oil well), the gas is liberated/bubbling out of heated ground water levels in the well. It may then be trapped on the way up, if there are seals in porous layers (like a typical gas reservoir) and/or it may rise in the well directly from the carrier liquid (unlike a typical gas reservoir). The data analysis has to accommodate and model these complex interactions.

You're looking at the LSE discussion forum website, not the stock exchange, stop looking at it for market information

No-one is "putting buys through as sells", don't use website feed aggregators for your market information

Tavira provides brokerage to institutional clients and high-net-worth individuals.

Cantor Fitzgerald we all know about, the others are all brokers I think.

Is that Bill Hale from EY Americas Oil and Gas? Very interesting if so.

It's unlikely to make a jot of difference because 'your' shares are being traded hundreds of times anyway, and very unlikely that thousands of share holders would all set limit orders, let alone at similar levels. But in that unlikely event a high sell target simply gives them more scope to lend out shares not less (because the assumption is you won't need them back any time soon). Third parties do like to get a sense of holders' sell prices and some use these boards as well as knowledge of order limits to help phis for that info. As we all know, there's plenty of organised pumping to raise price expectations on AIM and plenty of organised shorting from unrealistic highs when that happens.

And targeting revenue sometime in 2025

That assumed 1.05 mmcf/day (from six wells)

Do you think that amount of capex would be anywhere close to what it would cost? The original modular plant proposal was for $38m (pre consideration of the geothermal and the hydrogen component)

Good luck, at the risk of being a grinch, putting all your money on an AIM exploration stock with no income stream is about as risky as it gets (although HE1 is obviously a more optimistic gamble with the discovery)