Member Info for Cjm83

That is the thing i am not sure the markets factor in things like infrastructure in to the pricing. But that alone is works 50-100m in less costs over a project.

Like you say He1 at 50m mcap needs millions on just infrastructure.

Thought it was end Q4 2025. But we have had those gas samples since so instead of 2025 with slippage into 2026. I expect. Sagebrush to be high priority now.

After Vecta we should get more dare i say a Desert eagle rig with a date. ( optimism but would all line up nicely).

20 WI in my opinion will not move us massively Sp wise.

MSMN’s technical discovery in Sagebrush will create real value for shareholders.

2.2% helium in old oil column but needs a flow test to confirm rate to move to commercial discovery.

That is the weaker oil column, the real Helium in the structure is sub salt which is where the real % He is that will be also flow tested.

So yes bring on Sagebrush. Vecta is a side note which is only to make some ££ or royalties to fund sagebrush and CW meaning we keep more % WI in a JV. But the first flow tests are funded.

It is a difficult one to answer really, we have 20WI in 4x Vecta drills which if good may get us to 0.08p-0.1p say 18-20m Mcap. But with the main play being Sagebrush it all depends when we do the flow test in the old oil column to get a flow value of the 2.2% He and then drill sub salt and flow testing of the sub salt for He % which should be the bigger values. That is what is really going to move the price.

Vecta was a great idea to fill the timeline in 2024 as originally planned and it can still fund Sagebrush through Royalties or at least reduce the % loss in WI through a JV in the future.

so yes still aim for 0.08-0.1p baseline so 100-150% from here then Sagebrush is lets say 50m Mcap 0.25p ish. but any guess is valid.

That is true, MSMN must know a rough % maybe only whilst drilling but the lab results would be off limits.

exactly they say they are holding shares but cannot be ****d to read the rns’s or watch the interviews.

Yea but you do not have the crews sitting around on pay. So yo send them home and give them an extra week off.

So yoy set a date for return in advance.

The weather is annoying but they would have taken the decision early to extend the crew off time.

Whilst this rig is on a lorry it is still 10-12 tonnes plus, fluid tankers, people containers of equipment. All need to get there. Whilst a simple operation not in the mud.

If i was to churn up a field into mud on the farm that is considered an environmental disaster.

So i can imagine Colorado could pull the permit for that. Plus the setup is the most weather dependant part of the operations.

Frustrating yes but weather is unfortunately out of their control.

We could spud tonight and be at TD by Monday for Bard.

So Monday will be interesting.

We do have commercial helium at Sagebrush 2.2% in the old oil column. We just need too 1: drill sub salt to get the proper Helium target and 2: flow test both zones then we can really find out what we have.

Even though Billy Goat was sold off i do think Desert Eagle will drill and develop that lease. So it must have been good. Plus the infrastructure is already there.

The issue is the markets want %He and a flow rate to better value MSMn.

Now Billy Goat is a good move longer term but short term it took the steam out of us. Hopefully Bard will be a more typical news results set up.

Sagebrush is the one that really makes us build the Sp. That build could be fast. A few days delay setting up the rig due to high winds and lightning is not the end of the world.

The Vecta drills will be a long game and will need time to get developed (will be relatively quick vs O and G), then the funds need to be paid and shown on accounts.

But that being said the quick Sp riser is still Sagebrush with the re entry flow test of the 2.2% sample zone and drill deeper to sub salt and test. Vecta was a great time filler when they were supposed to be drilled in 2024.

Billy Goat is part of that long game. This next well if the crews came back yesterday 2nd June then there will be some setup time before drill start plus time difference. so really that RNS should be US open this afternoon or maybe we will just get a TD RNS as the wells are so quick.

Vecta is only to do one thing and that is to fund Sagebrush / Cayote Wash and mean MSMN can keep a bigger WI when it is JV'ed.

Not sure how Robert gets Billy goat is not a good thing. I am sure MSMN is really sorry you did not get a number so you could sell up and leave. I actually find it quite refreshing that MSMN is thinking longer term rather than BOOM and Bust normal AIM. But shareholders will want some value soon, maybe we have to wait for the 4x drills to be completed for than.

That Sagebrush 2.2% in oil column HE content really should have us at 20m MCAP so 0.8-0.1p ish already.

If you were going to get into GEX this will be a bargin. Yes risky but the asset has not changed.

When does this suspend. You would think it would be before open.

So why would you say you were suspending then have a full day for the SP to crash. Would it not have made sense to suspend straight away.

I guess the deadline is end of play today for accounts so why not RNS today and suspend.

They have no basic concept. Just seems weird.

Vectas 8% include taking on the costs and risk. Our 5% is revenue as in well head Helium not 5% profit.

Whole lease not just 1 well.

Vecta is a side show to help fund sagebrush.

5% of the whole Billy goat lease not just 1 well.

A few weeks ago i would have agreed as a placing was needed before Sagebrush flow test.

However we have had a placing as a lot of negotiations mean you have to prove funds as cover.

And two doing the placing before Vector means any good results and momentum does not get stopped. Even though it is less dilution.

This DED deal means no placings for a while which is why this is all hush hush. I suspect the rest of Vecta drills are paused until this is wrapped up.

We have just done a placing. These negotiations in my opinion are for the following:

1: DED to pay a lump sum with % royaltie to MSMN.

2: DED get Billy Goat for % royalty and to flow test and drill at DED’s cost sagebrush enter a number of wells.

Or a combination of both

These negotiations will mean no placings until we know and confirm our main play sagebrush.

So where is MSMN going to go from here?

1: the recent placing i think was strategic as we had the funds for Vecta 5 drills and Sagebrush 1 re entry in 2025. However in reality we would have had to have a raise after Vecta but before Sagebrush.

2: Most financial negotiations need a set bank balance for risk management purposes especially when negotiating JV's.

3: There is frustration on not knowing Billy Goat results, it must be good as know one buys a bad well. so Lab results due this week will determine the deal.

4: I suspect DED are going to get Billy Goat for $ Cash + royalty % or Royalty % plus confirmed DED take the Sagebrush drilling cost for 1 or more wells.

5: Sagebrush is MSMN's real big fish Vecta was a stop gap for 2024 but due to delays it is now just a spring board to better things.

This is always difficult depending on your entry price. but i would think 20-25m Mcap or 0.1-0.12p sp will be doable in the near 1-2 weeks, this will see a lot of portfolio balancing or risk adjustment. then as we drill sagebrush 50 Mcap 0.2-0.25p.

Gone are the days of spud and x10 the markets learnt that from HE1 as they all got trapped mid 2024.

Sagebrush is confirmed commercial now in the old oil column at 2.2% He. the sub salt is where the real He will be hence the re drill. This news should already have us over 0.1p but Vecta and is all people care about for the traders. Sagebrush is development now not appraisal.

So i am here for Sagebrush re drill personally and as MSMN operator could move fairly fast., which is why i think the negotiation now is complex.

Infrastructure is all in place, another big plus.

Also MSMN of 2024/2025 is a different beast to the one 3-5-10 years ago, people change, companies change.

of course this is AIM so anything can happen but be very careful with people constantly bang on, if you have done your research then it is just noise.

We are still casing. we have not even drilled the reservoir yet, that will be done over the weekend. with preliminary results Monday best guess, lab results 1-2 weeks after. So this whole Duster talk is lies on the bet that you may be right. lets wait for the results.