Member Info for Brentw1

Helium is not scarce (Gasworld seminar yesterday, 15% overcapacity currently with many new projects coming on line). The war is the only factor that will cause temporary issues depending on how long the Straight of Hormuz is closed and how long the Qatar LPG plays are closed for.

OK, that webinar was worth ploughing through and I learned a lot. I'm not going to try to bullet-point it all (there was a huge amount of content), but I am going to try to gather some thoughts and my own conclusions.

Firstly, there is not currently a shortage of helium, in fact Phil Kormbluth pointed out that about 15% oversupply at the moment and 'more projects coming on stream'. That of course does not mean that demand will not increase but it is the reason for soft spot prices at the moment which he said were below longer term arrangements.

What is new of course is the current situation with the Straights of Hormuz and the fact that the Qatar have shut down their two LNG plants which as a bye product produce 30% of the World supply of Helium. That mainly goes to Europe and Asia. If the current situation lasts a couple of weeks, the effect was described at a hiccup. Beyond that, it gets more and more serious and a four week shut-down would start to cause massive logistical issues, including the tanks used to transport liquid Helium warming up. It is a nightmare apparently to get them cold again. Delays of a month or more and it would be catastrophic.

Lots of discussions about how Iran could keep the Straights closed and whether they would try to damage oil and gas infrastructure further and why (economic pressure to stop US attacks). Also talk about whether the plant that Qatar has shut is damaged and to what extent. At the moment it would apear that they have shut it because tankers can't get in or out. If damaged then restarting could take weeks or months (but that was speculation as situation unknown).

So where does that leave Bo? In a pretty strong position in my opinion due to location and logistics, stable political situation, economical production and high quality gas. Hope that helps folks

I can see the serious money is piling in here. Average trade must be all of fifty quid.

# Trades 95

Vol. Sold 59,180

Sold Value £17.17k

Vol. Bought 916,447

Bought Value £257.91k

Market Size 30,000

My understanding is that you 'store' it in mobile tanker(s). I would imagine owned by an off-taker on the basis thatn when you fill that one we will pick it up and drop off another.

https://share.google/ntnQZOgRBzSANwEyN

You just know that when the sp hits an invisible ceiling for a period of time (in this case this morning 28.5 ish) that the MM's are holding it down to fill orders. Usual AIM nonsense.

LOL

Agree with your sentiment but perhaps associating yourself with the most notorious pedophile in the last 50 years was not the best judgement call…….

It’s like buses. Three green boxes one after the other. Lol

I think I'll leave it to everyone to read what you posted for themselves ASI.

So Bo stating that they are producing five nines helium (99.999) is complete tosh then ASI?

I think I'll stick to believing what the CEO says thanks.

(I think your 2% is way out by the way bwtfdik).

It's like this Ventura,

The market dynamics depend on the co-efficient of..............

Opps! Just seen the line that says "more intelligent than me"..................................I'll get my coat and slip quietly out the fire escape.............

Asimpleinvestor, transcript below form the Charles Archer interview with Bo the other day.

"So can you just walk me through the next, say 90 to 100 days operationally? What are those key milestones between now and having a fully functioning, functioning revenue reporting business?

Yeah, so right now we're currently producing from three wells. And each of those wells is capable of flowing 2 million cubic feet of raw gas per day. But we're starting with a measured approach. We're fine tuning that plant just like any plant you put online. It takes some fine tuning.

So we'll probably produce each well at around 1,500 MCF per day. That's 1.5 million a day each. As we bring the system up to speed in these early production days, we intend to bring our INAS number one on production in the next month. And at that point, we'll effectively be at the capacity of our current plant,

which is rated for six million a day input. So, you know, one point one, one point two percent helium that translates to 70 MCF of pure helium a day. You know, we're still targeting a high price of $500 in MCF, despite, you know, there's some softness in the healing market,

but that's $35,000 a day or nearly 13 million annualized. And, you know, here's the part that really excites me. Our plant is designed to scale. You know, the core infrastructure, the PSA system stays the same. All we do is we have to add more membrane modules as we bring in more wells online. Yeah."

Inez will max out the plant and then they will add more membranes.

Is Bagzzz back Barnsley? Lol. I’ve just got a few green boxes.

Could well be a few more than the 8m but I don’t think it will be excessive, but we will see in a few mins.

Love your post BBN and hope you don’t mind but have copied it to the Telegram group. B

It beggars belief SmartPunter but we are overweight on traders here. Sooner or later this will rerate.

A short term few quid. Traders are not interested in the fundamentals and each to their own.

I'm here for the long haul and realising the true value here.

2.5 million volume in 3 hours (plus some unreported trades maybe) shows significant interest this morning. I expect the brakes to come off some time this week. Surprised that we seem to have a 32p ceiling at the moment. Maybe more orders trying to be filled?