Member Info for Blubay

Let’s hope so, it’s a long way from 40 to 900 so first step is to get the rod pump recovering closer to 250

Meanwhile no oil pumped and no income until installation complete, fingers crossed they can get back on track soon 🤞

That’s an optimistic interpretation of the RNS, but good news that sand jetting is completed anyway

We’re just all fed up with your posting Neill, give it a rest

Don’t make the mistake of ignoring ‘trolls’ on LSE boards, that’s what these boards are for, they give you a feel for market sentiment. A troll is just someone you disagree with, whether rampers or de-rampers. You always want to know when a share you’re invested in is being shorted.

Yana, if you genuinely believe the price is going down all last week, and the week to come, and you think the company have no hope of recovery, then why on earth haven’t sold your little stake? Why not just say you have a short position, which you obviously do. It makes no difference to anyone so why lie put on a fake identity, bonkers

Serious question, why are you shorting this share and what's your target price?

“We only need 100-150bopd minimum”

How do you know this? As far as I’m aware, we don’t know what the break even point is yet

The low chance of success in exploration is an even bigger reason to invest in the very few projects that are successful, when they come along. HE1 had perhaps a one in five chance of discovery per drill, and Itumbula had a 2U CoS around 10-14%, if I remember rightly, yet they appear to have pulled off a commercial opportunity from it. Great news, and very investable now. Investing in wildcat drills, more risky.

Worth adding that aggressive actors also employ the same people to cut and paste ramping scripts all day on forums when it suits, to pump before shorting down.

"Makes me wonder if the finance companies employ Trolls to help drop the share price after a placing in order that that can double their bubble by shorting a stock they are forward selling on?"

Of course they do, or at least certain hedge funds do. No-one in their right mind would spend all day on crappy forums cutting and pasting from shorting scripts hundreds of times a day if they weren't incentivised. The other incentive for individuals is of course the spread betting.

From a quick check on different university websites, typical turnaround for commercial sample testing at noble gas labs seems to be running around 2-6 months at the moment

No, restricted items for commercial air freight include...

"Compressed gas. This includes dry ice, gas cartridges/canisters, fire extinguishers, respirators, automotive airbags, aerosols, light bulbs, etc. "

https://freightlinecarriers.co.uk/what-cannot-be-transported-via-air-freight/

"These are sample canisters not big tankers full of gas. Can they be flown out? "

Have you ever tried checking in a pressurised gas cylinder on a flight?

On the plus side, HE1 have closer links to people in government in Tanzania than NHE, which might speed up the permits a bit, but there's no fast track on the logistics.

"Do we know if the labs are super busy currently, or could they do a quick turnaround. "

The samples have to be exported, by sea, probably to Oxford. Getting pressurised gas samples out of Tanzania is not at all straight forward. You may also have noticed there are a few minor logistical 'issues' getting shipping through the Gulf at the moment.

The good thing is that they had full pressure, volume, temperature (PVT) measurements onsite as well as the petrochemical monitoring kit. They will have plenty to formulate a fairly conclusive analysis

Sorry, but it's likely to be weeks and possibly months. Noble sent theirs before Christmas and published results this week, for example. That doesn't stop them publishing the consolidated analysis of what they've found in any kind of company, broker and analyst note, which will have similar impact on market. They may choose to wait though for certainty, while they negotiate in background.

Yes, the concept development plan was for a network of six interconnected wells initially, feeding a modular purification and liquification plant to produce one tanker helium per day to market (@ c. $500k per day at the time). That might need re-thinking with the mixed hydrogen play but gives an idea of intention.

I'm not sure they'll go back to Tai anytime soon. Several people mentioned Eyasi but I think Balangida is much more parallel to the fluid vector model they've found at Itumbula (Balangida shows a hydrothermal springs system and surface helium seeps up to 10.6%).

Stas - they will not have 'confirmed well results from an independent lab' on 'Monday morning', that's fanciful