Member Info for CrustyPete

So RJ how is what you and I both agree is a far more likely outcome, a CH1 drill followed by an NT1 workover consistent with an M&P drill of between 1 and 3 drills from "early" next year? Maybe to meet the proposed timelines a "shared" drill scenario is no longer realistic? Is there a "Plan B"? If not even a Q3 completion of the above looks a stretch methinks....

So where is Roger65? What happened to goin below 1.0p, where oh where are the "forward sellers" today?

Total fantasy, total invention.... Total charlatan.

Zero credibility, zero value. And to that you can add the likes of slacker, his cohorts and alter-egos.

Time to move on chaps totally discredited and transparent, you have no place here; your time has passed.

FYI RJ, the Carroil2 NT2 Rig contract was signed on 23rd September, mobilisation of the rig completed on 18th October (which was sitting only 1500m away at NT1), independently assessed by the 5th of December (circa 7 weeks later), spudded on the 21st December and TD reached on 5th Feb. So total time taken from mobilisation to TD was about 16 weeks..... So even if they started on 1st January they would not finish until 23rd April at that rate.

And that is only for the one CH1 drill.

We currently don't even have a Rig contract signed as far as we know, let alone having a rig in country and mobilised..

They have since amended the figure downwards. Sorry all.

Yes, so I notice Ssccss - an II error evidently....

I 100% disagree on your assertion that NT1 & NT2 are required for production. That is totally counter to the statements made at the AGM. As regards the rig, I am absolutely sure it will be used for both drills RJ and that CH1 will come first (again, in line with AGM statements) which will mean that they have to have a sufficiently wide window to enable the completion of both - and that is why that clock has not got much longer to run before that window shrinks too far.... if it hasn't already done so.

44 Million already traded this morning according to II - that bodes well methinks? Unless it is that late reported SELL from yesterday?!?!

The big issue is the RIG, RJ - we have no knowledge of the signing of a Rig Contract or even if a suitable rig has been identified, let alone in the country. That is the reason that I think it "practically" unrealistic. If someone were to tell us that all these boxes have been ticked then yes, it is doable but every week that passes without these boxes being ticked makes it increasingly less and less likely.

Whilst the news flow is in the hands of ARA they have, and AEX has, a responsibility to announce price sensitive news to the market - I would consider such things as the Rig contract etc (as above) to be price sensitive and hence the fact that we have not heard anything on the above suggests to me that nothing definitive has yet been concluded on these matters. We have only a matter of weeks before that window that you speak of closes and completion of CH1 and NT1 before April becomes totally unrealistic...

Fingers crossed that we do not get to that position though, as you know, I have believed that Rig would not be in country before the year's end since the AGM and all that has occurred since (or the lack of it!) has done nothing but to increase that belief.

Yes, got it Blubay. Thanks.

Thank you Warrie - though I am now even more confused! The dates are for 28-30 October....

Time to give up for the day?

I didn't realise that Noble were there presenting - are you totally sure that it is Noble Helium and not Noble Energy?

Do you have a URL for the itinerary?

Okay thanks for that Hemo.... just a convenient coincidence then.

Thanks Folio. I will investigate.

It seems something of a coincidence that the Hearing and the Summit are now scheduled to occur on the same day rather than 3 weeks apart as would have been otherwise scheduled.

RJ I would argue with your assertion that they need NT1 and NT2 for production - it was made very clear at the AGM that CH1 and, hence NT2, as it is scheduled to follow CH1, are "de-coupled" from production.... Can you point me to a statement to that effect? So in reality then if CH1 is to be completed before M&P start drilling ARA will need to complete CH1 and NT1 before handing over use of the drill to M&P....

That seems just about doable but practically unrealistic in my view.

Out of interest does anyone know or recall which came first, the announcement of LB's attendance at the US Helium Summit or the deferment in the ECMC hearing for Farm-In approval?

It would be interesting (to me anyway!) to understand if that after deferment and knowing that the BoD would need to be in the US for the Farm-In signing on the 16th/17th that LB then decided to make an opportunistic appearance at the Summit or whether that was already in the diary?

I hope so Daffy or even better something above the ASK - however unlikely that may be!

RuPops to be fair to Blubay he equally chooses to challenge similarly unsubstantiated statements from the naysayers.... witness his conversations with herbie early in the day.

Yes though would not be surprised to see closing auction take it down post close.... probably PEEL.

They are less keen for 3m or 5m!! Only 1.03p

Well they are offering me 1.048p for above 1 million shares, so they must be keen!