Member Info for Brentw1

PI, it’s spelt Bangkok. Lol.

I’d sell up and go if I were you Pension Investor. This might hit 5p before the weekend. Lol.

Less than zero lol.

You might be right Spantrout but it's going to be run as a wholly owned subsidiary according to the RNS. It will still need to break even or make a modest profit and I doubt the drilling rig industry runs on net profits of more than 10 to 20%. So not sure where you think more substantial savings will come from?

The massive value for me is availability and speed.

WBAFC, It's a loss-making disaster that continues to hemorrhage cash and has zero potential other than as a trading share that pumps and dumps on a regular and monotonous basis as the latest plague, famine and disease story hits the headlines.

I traded my way out of it 12 to 18 months ago and you could have done much the same by now imo.

The real value of the rig is the immediate availability with no hanging around for other jobs to finish or for work to be speeded up to allow the rig to depart for the next contract. No daily charge and very much reduced mobilisation and set-up costs are a great bonus, and if they save 10 to 20% on each well (that's just a wild guess btw) then happy days. The rig will have substantial running, maintenance and capital costs of course, so it will still require cash to expand the portfolio of wells. As far as I can see however, cash is not an immediate issue and I'm guessing revenue is happening or imminent.

The bottom line is that I see everything getting back on track and in line with the original expectations fairly quickly from this point onwards.

I'm also expecting a much bigger Helium supply crunch at some point as existing stocks and buffers must be getting depleted and I see no signs of Qatar getting back on line anytime soon. This is pure speculation on my part but there would seem to be quite a concerted effort by the industry as a whole to play down things at the moment. Various commentators and forums that I follow (e.g. Kornbluth, Gasworld etc.) are careful not to 'rock the boat' too much and I think everyone tiptoes round the 'cartel' trying not to upset the big players at times.

Skippy, ignore him. He’s a fool and a buffoon who continually posts utter rubbish and nonsense. In all the months he has posted on here, not one word has made sensible contribution to the debate, and most of them have been the ramblings of a fool depriving some village of a resident idiot. Lol.

"A tweet would be nice showing this working. We have never seen the thing switched on and this raises some question marks over the rig."

Clueless as usual.............it's already drilled our four wells.

I see this dog is being pumped relentlessly again lol.

I doubt they even bother to read these boards LLL. They are interested in the big institutional investors (like Drachs) and we are pretty much irrelevant. I agree that the AGM was a poorly executed affair but it is a legal requirement and not the forum for news or future plans (other than a token nod towards past progress and limited news about the future (due to rules and regs re share price influence). I think many people (and I am probably guilty as well) had unrealistic expectations of the AGM with hindsight.

All I am interested in personally (from this point on) is news that equates to money in the Hex bank account.

News of increased and sustained Helium production

Increases in the reserves of Helium

More wells being drilled and coming on line

Increases in capacity or capability of the PSA plant

More efficient operating costs (the benefits of the acquisition of the drill should at some point sink in!)

Longer term off-take arrangments

Confirmation of commercial Hydrogen and/or JV's to monetise it

Confirmation of commercial noble gas opportunities

Ingomar sorted

Etc.

I believe the SP will eventually move substantially up (and in the not too distant future) on the Helium aspect alone. That is what I bought into all those months ago. Anything else is cream on a fairly rich cake in my opinion. GLA

This news was not priced in imo so fail to see why anyone would ‘sell the news’ as some seem to be doing. Oh well, each to their own but I’m not going anywhere.

"Just love these story tellers, why? who cares? such low self esteem got to brag to anonymous folk on a free anonymous bb. Dear oh dear"

Don't you just love the hypocrisy Loooooooooooooooool

"This has not been factored in so anything can happen today. Im going for 20% rise."

You can't fault the enthusiasm even if its, shall we say, misguided.

Well that was out of the blue!

What is really funny is that you think you are clever……it’s hilarious. Lol.

We all know your game.

Lol

Punter the trader hard at it lol.

I agree Spantrout but does it change my view of where this is going in the very near future? No.

Also echoed by Charles Archer.