Member Info for BlueSky72

Yes indeed Trojan! Hope the Bluesky link is not from the ELO classic though;

'Mr. Blue Sky, please tell us why

You had to hide away for so long (so long)

WHERE DID WE GO WRONG?'

😂

Hello all, that's my buy of 25k at 1.90p. Hopefully worked out well this time but I've also bought a lot higher so I need these circa 2p buys to get my average down...which now stands at 2.881p for 275,000. Just slowly chipping away here atm!

Hopefully anything below 3p is looking good...esp with the indicative RTO mcap value of £3.5m which is a fair inc on todays figure.

ATB

Blue

No problem for me buying through Barclays again today...25k but AQSE has duplicated my trade.

Hope you get it sorted CC9!

Great update! Reflects mostly what we have been told but now backed by an RNS. Glad to hear the CFR is ‘well advanced’ and the HFI completed (subject to review).

Can buy 100,000 at 2.25p (can buy up to 425k at under 3p) yikes someone desperate to offload here!

ATB

Blue

Evening Trek,

Many thanks for your kind words. Without wishing to sound all virtuous, integrity is very important to me.

These B/B's are awash with the worst sorts bar a few good ones including yourself. Its flippin hard work to break even in this market never mind make a profit so if we can all help each other in some way then great. It can be hard to work out if there is an ulterior motive with some posters but by enlarge most are pretty blatant lol.

Nick seems like a decent guy to me from the few emails exchanged so far. I can only talk of first impressions but I will say that he has answered questions promptly and as best he can given his position and the info seems plausible. Hopefully, in any further announcements and interviews there will be more critical detail to work from.

On the subject of integrity, I would ask you to direct your question about AIM to Nick directly.

My belief is that this could be a possibility in time and I am on the same page as you but we will see. One step at a time hey!

ATB

Blue

by ceo lies and b*ll****! nick's connection alone with ecr rings alarm bells having been bitten there some time ago by you know who.

anyway, lets see how things develop here. i will continue to drip buys in unless the story changes for the worse.

all the best everyone.

blue

Hi Trek and all,

I said I would update everyone with any further correspondence, so here it is.

Nick is fine for me to share this info

'Hi again and thanks for your comments. We’re absolutely delighted with Nilson and the best part about it is that it is still going up.

On Rost, there are four things needed for the well to fulfil its potential

Disposal well – and we plan to use a nearby old oil well for this purpose

A bigger pump – the faster we remove water, the better production should be

Compressor – to load the trailers with gas for transport

Complete connection of PSA for on-site purification

None of those should be problematic. There are a couple of different options to complete the disposal well which we’re examining at the moment. Likewise pumps come in different types and sizes so we’re assessing what is available cost effectively. Compressors can be bought or leased. And the PSA is in hand.

We’re not currently producing. We could but it would involve truck disposal of water and that’s prohibitively expensive given the volumes. We’re targeting around 2 months to complete all of the above but you should apply a weather factor in there. This will be my first Kansas winter but I’m told that January and February can be difficult months to work in.

Regarding economics, it’s capable of a sustained c. 50 Mcf/day at present but it did hit 2,900 Mcf/day on short term tests. That, coupled with our calculations on water volumes, is what is behind the financial illustrations in the presentation and announcement.

As for the RTO, yes it’s a frustration and not what was planned at the outset but we took the view that advancing our operations on the ground is the most important task for the combined companies. Meanwhile the CPR has taken more time than planned – largely due to the rapid developments at M3. The option is water-tight though and the two companies are operating very closely so I don’t see any risk of it not completing – in fact we could exercise the option at any time without notice but we’re choosing not to as we would be suspended if we exercised before the admission document was published

I hope that helps and, I agree with you, that there is good reason to be excited. I spoke with a business in Oklahoma and they remarked that we were the first “helium” company they had met that was actually producing helium. There are lots of big ideas out there but very few people are delivering.

Kind regards

Nick'

In a subsequent email Nick also agreed that he would provide more detail in future announcements and interviews too.

Make of that what you will. I agree that the biggest risk right now is the RTO not taking place and agree with your comments Trek about keeping to timelines. However, I have found Nick to be more than willing to answer any questions that I have had, within the rules of course and everything would appear to be plausible. Yes we have all been bitten elsewhere

Hi Trek,

I received a response from Nick to my latest email yesterday and was basically directed to the RNS shown on the Aquis exchange (not shown on LSE dated 11.11.24) with a bit more info on Rost.

It was stated on the response that whilst Nilson is the blueprint for the farm in with Scout, Rost is different as there is more water to offtake so plans for the disposal well have been accelerated. Didn’t say when that will be. But the well is better than first thought. Even with the high water vol the pressure is good so production should be increased once the water is off.

If / when I receive answers to further questions then I will update all.

ATB

Blue

Not the stellar RNS the majority were looking for (yet anyway) but having seen the interview, took part in the teams meeting and thought about it carefully…I’m glad to still be in with a very respectable chunk…lots to look forward to here…

GLA

Blue

Yes totally agree Kaeren and thanks Trek. Obviously struck a chord as Trek's post isn't ramping HE1.

Hi ihavenoclue, yes I am familiar with this presentation and my understanding from what Bo said was that they expected to hit pre-cambrian within 100ft.....they obviously didn't so they carried on for 420ft. That is not the reason for casing 100ft as you suggest.

ATB

Blue

Hi Trek, the point I raised yesterday about there being zero mention of gas shows in the mud drilled further (they reported still being in gas last time), together with them not casing the last 400+ ft makes me wonder if they stopped drilling at that point as little or no gas shows in the lowest zone and therefore no reason to either 1) continue drilling to see the potential pay or 2) case it at max depth. Anyway, all other potential zones identified thus far are very exciting!

Don't get me wrong, I am very bullish about this share and everything that Bo and co are doing. Just a question! Anyway I guess we don't have long to find out now!

ATB

Blue

I was wondering why the RNS to confirm the successful reentry didn’t mention whether they were still in gas or not at TD like the first drill attempt did. No mention of gas shows at all this time irrespective of wireline. No interviews yet either. All very cryptic!

3.9.24 Operational Update

‘Activities at the Clink #1 well will pause for a period of circa one month whilst mobilising a rig to set intermediate casing over the Mowry shale at ~2,100 feet.

The Clink #1 well reached Target Depth ("TD") of 8,030ft (~2,450m) at 11:15 MST on 23 August 2024. While preparing the hole for wireline logging, the rig encountered caving with the Mowry shale from ~2,100 feet onwards which compromised the stability of the wellbore. Stability issues in the Mowry shale had not been seen in any surrounding wellbores, including Hillison #1.‘

Not sure how they can flow the targets ‘above the shale’ without a fix Trek.

ATB

Blue

Bo has huge credibility in this field and is a man of integrity from what we have witnessed thus far. For somebody like him, he would never make guarantees if he had the slightest inkling of an issue unlike the vast majority of AIM board members that do just the opposite. He is a professional and intends to keep his record clean. Nobody will be able to point the finger at him if this does fail. He is making us all aware that there are risks however small so that we go into this eyes wide open. Not the usual nailed in success BS spouted elsewhere.

Yes my understanding too MNN. Mud polymers designed for holding back shales failed on this occasion, which would otherwise be expected to work, probably due to pressure issues. They are retrying with KCL mud (research it if not already familiar) and this time pressure mud drilling to control the pressure in the annulus (well). Precision Drilling USA are set up for doing this type of work so chances are this issue will be fixed. Assuming that it is fixed then we now know what the possibilities are for a commercial well. Pretty decent risk : reward at this level IMHO.

ATB

Blue

Definitely! I made a hasty decision to sell out on the last RNS…bought them all back at less than I sold for having been reassured by Bo a day later so have a few more (not many but still more) for free now. Glad I bought back when I did in the 16p’s looking at today’s rise!

GLA

Blue

Absolutely agree with you LLOL. If 15.5p doesn’t hold then I will be a buyer in the 12p to 13p target range.

Likewise, if good news comes sooner then I don’t mind paying more than the current price for more certainty.

ATB

Blue

Sold out this morning…share price struggled to hold 20p without this news. Month (poss more who knows?) delay so will sit on the sidelines for now until the dust settles. Still believe the story here…but for now at least…I’m out.

ATB

Blue

Mon 2nd Sept Labor Day holiday USA. May delay results etc until Tues or Wed. Another opportunity to top up Monday if so ;)

ATB

Blue