Member Info for Cjm83

Also sometimes getting rig contracts especially looking forward to sagebrush, need a set capital amount to get contracts signed, how are you paying us? for example. So this placing may also springboard further sagebrush news. Timing of placing is annoying of course, Sagebrush re entry to deeper sub salt levels is the main prize. Vecta was nice to fill in the time gap but that did not happen as it got delayed. Happening now.

Sagebrush is already a discovery even now.

Agree Lloyd, good timing considering what is coming up, now we know it wont be after vecta and take the wind out of our sails.

Hence the streamlined operations discovery at sagebrush for development. we have reduced that timeline so overall we are actually saving money and time to production longer term. short term pain longer term gain.

Fine, best get that placing out of the way now, 0.045p is not bad, above most LTH averages. Billy Goat Prelim results Monday. then 4 x Vecta drills.

Sagebrush -1 drill well test is the big fish, already has He in the old oil column, so hopefully sub salt will have He. with Billy Goat giving opportunity to de risk or adjust holding for LTH.

All to play for with MSMN.

We will be at TD Friday with drilling results or RNS should be Friday i should say. Lab results delayed by 1-2 weeks. then Monday Spud second well.

Quite a fast drilling process, you monitor gas as you drill so you get an idea but not the full picture. Wire lining the hole is quick only 800ft for proper samples and tests. we basically could be on an RNS every 2-3 days subject to time zones.

9p no way 1 p is 200m Mcap.

That 9p is perfect Vecta wells perfect sage brush and coyote wash .

Plus perfect Gex fields for our royalties.

That being said now that we have more skin in the game with Billy Goat and still 20% on the other 4 Vecta wells. Plus 1st Sagebrush re drill all costed in.

0.5p 100m Mcap would be a good start. Which for most here is lots of £££.

Only on Billy goat the other 4 are still 20% WI.

great RNS though.

To keep things in prospective:

1: Vector will get us to around 20m Mcap, 0.1-0.12p.

2: Vecta is only WI 20%, proof of He has value of course but these are Appraisal wells so could spawn 2026 development.

3: sagebrush is the main event, proven 2.6% He in the old oil column but does need to prove the sub salt He %. But we have turned out next wells from appraisal to development so timeline is shortened.

4: fully funded for Vecta and first sagebrush well.

5: will be more a steady rise for MsMn with the usual pull back on Vecta news etc.

6: infrastructure and route to market is already in place.

So whilst this could re rate fast as under valued, the big prize is yet to come, natural for profit takers and adjustment of portfolio as we go. Nothing goes up in a straight line. De risking all the time with news.

What happened to HE1 in 2024 may not happen here the market is wise now results and money on the balance sheet are what is needed.

Spud is not supposed to happen until 13th May Tuesday after the crew rest period. So Monday will be hopefully a mega day.

I am aiming for £1 per share minimum and i am prepared to wait. The issue is everyone expects a 500% day every time. Look at all those people trapped in HE1 after their boom Jan 2024. not realising the massive amount of wells and infrastructure needed. Their % and flow rates in Tanzania are poor compared to what we are aiming for.

My Helium plays are split 50/50 between MSMN and GEX. both at really good averages.

What pump. e have lots of new soon, de risked sagebrush a bit.

MSMN is under valued but that is to be expected based on their long checkered history, However the MSMN of the last year is not the same company really, some really good decisions being made. Vecta is annoying naturally but that is only a 20% WI, appraisals that will move to Production drilling in 2026 hopefully if successful.

Sagebrush tested the old oil samples and found 2.2% Helium before the deeper sub salt drilling, big de risk as when drilling old wells for Oil and Gas you are not looking for Helium yet we have it.

This shortens the development curve as the next wells are effectively producers now not appraisals, although the first well will extend the original Sagebrush -1 well.

MSMN does need patience but it is not a pump if you did you research and entered at a reasonable price. 100% from here is only 15m MCAP.

That TG group holds over 10% of MSMN easily I would think.

Well 100% from this mornings opening price is only 15m Mcap 0.007p, we were 0.0008p on less news last year.

Sagebrush confirming helium in the old oil samples before drilling deeper through the salt cap and into lower formations massively de risks.

So we are due a big day.

Think the Helium is from the main oil zone. Hopefully seepage or trapped Helium from the bigger zone below as the salt dome move in to provide the seal for the Helium deeper.

Will sure be interesting. The real holders are here for Sagebrush.

All bodes well. Fingers crossed.

Like i said going over and verifying old data takes time.

Originally they were looking for Oil and Gas hydrocarbons. The helium content was probably just added into other gasses.

Modern helium focus means they have to go back and find, everything was paper written, especially in the field.

Then convert to digital format. Go find the data verify if it is correct. Maybe the old samples are stored and can be re evaluated.

The fact they have RNS’ed it means it is fact. So it does reduce risk in future wells.

Most investors are only here last 2-3 years so would not know what a 33 year old well was doing.

So yes RNS is significant.

As usual LSE BS.

It is very time consuming tracking down old data to confirm paper logs. Mainly to prove the content is true. Can take months. Mosman is a small team so probably on the back burner as time was spent on other things.

The market might not have known. So that is a positive. Means we are bot fully an exploration as technically we have a discovery to confirm.

This adds up.

Mid to third week April all certs for personnel at DED, passed.

Then 1-2 weeks prep, mobilisation and setup of rig.

Then that takes us to end first week May to second week May to start actual drilling.

Lets hope we actually follow that plan with drill schedules RNS’ed as we go with good PR.

You are going to have to wait for the revenues to hit the balance sheet for the next big rise.

Gone are the days of just drilling and then getting a big rise.

60m mcap which eventually needs revenue.

Other Helium shares will have a 2024 HE1 type initial rise.

But HE1 is on the next leg of the journey. Anything under 1p is a bargin.

They are fully funded for 2025. I think this is more to do with potential JV for Sagebrush/Coyote wash.

Still being operator but a 10-20% JV would be nice.

Remember that is in AUD not USD. But we have a good base to work from.

0.08-0.12p is 20-25 Mcap

Nothing is being said. But we are very under valued with our assets.

Drilling Vecta will happen in April. So that is all we have happening 0.08-0.012p is our true value IMHO.