Member Info for cperkin

+side track has been a success!

https://is.gd/oH5U9D

https://*************************/status/1415941123135082496

Agree Maladoni, they have chucked the kitchen sink at this one with 3D and Baker Hughes collaboration.

Must be getting close, before month end at a guess before SCIR are producing Revenue for the first time since 2017.

Stale bulls. They should have drilled SWP first obviously as many CERP posters said at the time.

Good luck SW!

1 Year ROI on production, including the full cost of financing.

Looks like a load of people getting mugged imo, good RNS, Pay looks good, flow test and production in the next couple of weeks and funded for development.

The value of the asset just went up and is likely to do so again on a positive flow test.

Looks pretty good to me.
Large Net pay - 300ft of net oil-bearing reservoir sands (net pay)
Expected production rate 200 to 300 bopd
Immediately funded to the tune of $10 million with a further $7.5 million available to develop the licence area with multiple wells.

Finally looking interesting here thanks to the ex CERP assets.

https://www.proactiveinvestors.co.uk/companies/news/954775/helium-ones-latest-gas-shows-are-encouraging---broker-954775.html

Not sure how long the legal documentation will take SVS? but like you expect that it is all prepared and ready to go.

Latest

https://twitter.com/Heliumone1/status/1414526706094944261

Helium Gas Show Confirmed

Delay to Tai-1



Helium One (AIM: HE1), currently drilling at its 100% owned Rukwa Project In Tanzania, is pleased to announce a further helium gas show in drilling mud (a "Gas Show") in the Red Sandstone Group and sidetrack from Tai-1 well following loss of the drill string at 561 meters.

Highlights:

· Helium gas shows identified in stratigraphy above our primary targets from 552 metres to 561 metres as measured by the on-line gas chromatograph

· Gas show supported by indications of gas visually identified as bubbles in drilling mud returns at surface

· Helium shows continued to 561 metres, at which point drilling operations were suspended due to parting of drill pipe in the midst of drilling the gas show

· Mitchell Drilling has been unable to recover the lost drill pipe from the hole to date with subsequent delay to drilling operation resulting in the management decision to sidetrack drilling from above the lost pipe at 483 meters



David Minchin, Chief Executive Officer, commented:

"The identification of helium gas shows in the Red Sandstone Group between 552 and 561 metres is another unexpected, but positive result as this zone was previously considered to be of low prospectivity.

"This gas show, along with our earlier reported gas show announced on 22nd June, demonstrates a working helium system and supports helium prospectivity for additional gas shows throughout the stratigraphy.

"Visual identification of bubbles in mud returns also offers circumstantial evidence of free helium gas in the sub-surface. However, it is important to note that this interval needs to be logged with wireline before a pay zone can be determined.

"The delay caused by the loss of drill string in the midst of the drilling is unfortunate, however contingency plans have been implemented to sidetrack from above the lost pipe and continue drilling to test both the Red Sandstone gas show and priority target horizons beneath. This option allows us to utilise the existing 483 meters of already completed drilling rather relocating to a new location.

"With the above indicators already identified we look forward to a successful completion of drilling on this target location."

https://www.lse.co.uk/rns/HE1/helium-gas-show-confirmed-and-delay-to-tai-1-mjxx2as9rdc4ghx.html

Yes, two different ministers and departments of course, thankfully HE1 comes under the mining ministry joelt. It is very hard to guess as the SP at this stage has surpassed what I expected. It could go anywhere between 30p and £1 on a positive result?

All good thanks joelt and I trust you are likewise.

I guess we will see with HE1 soon, I also invested in HE1 but at 7p and not todays 25p, so if the well(s) come in there is surely value here with a less than £8mill mcap V HE1 @ £147 million.
For me at this stage it is still all about Ruvuma, if we see the licence then I will be buying more SCIR, till then I will hold tight and watch HE1 with interest to see what it delivers if anything.
The deal they have done is more a proof of concept for me, small and not very exciting but at least they are recycling cash into a profitable producing asset at last.
I agree ref confidence, the BOD have a lot to prove after blowing all that cash on the failed $30 million asset deal and it is us shareholders that have paid the price.

Ruvuma licence please!!!

holy, this is very true, but it should be noted that this was very much directly as a result of a shareholder action group set up by retail investors who called an EGM with over 10% of the votes with the single intention of ousting the old board who were constantly diluting to buy exploration assets that were many years away from development if ever at all.

Also ref caldream you are correct about the independent retail investors scrutinising the board, but solo was not debt free at all, the company had a £5 million loan facility organised by the old directors, this was paid of by the new directors shortly after joining.

I suggest people concentrate on BLOE, its directors the current SP and production V expectations. SOLO/SCIR is a complete distraction based on a takeover theory that may or may not even have any truth in it at all.

With #BLOE continuous improvement strategy in place, the penetration rate has increased steadily and a record 244m of 12 1/4" hole was drilled in 1 day.

…Next operations will include building the well trajectory through the overburden to the top of the reservoir.

https://twitter.com/BlockEnergyplc/status/1413440529271074818

Completely agree Hepseal, it really concerns me that the independent NED resigned, why was that & why does Dimmock who is many years passed normal retirement age earn so much more than the other non execs, never mind all the options he has tucked up.

Something for sure is not right, I expect it will all come out in the wash in the next few weeks and side track half truth posts about SCIR are surly little more than an attempt to to distract the gullible, they have nothing to do with BLOE.

There is more to this than meets the eye and I am not talking about F&F conspiracy theories.

We must surely be due an update from Helium-1 next week? They will have been drilling for a Month on Monday and each well is supposed to take around a month?

Current value of remaining shares = £2.4 million at todays price. The only consolation is that the price here has not increased at all with the 10 times increase in the SP there so a bad result should in theory have 0 impact although the same might be true based on a good result till they sell.

The point is you have no idea, just have you have no idea of the same with any other company.