Member Info for CrustyPete

I am not (yet) a pensioner RJ, so not really tuned in to winter payments!

However relieved that it wasn't a physical mugging....

"mugged"?! Really? Physically? Or is that a euphemism for ripped off?

I don't even think it is a serious rumour McNol, simply disinformation...

McNol, Air Liquide - didn't you know?! ;0)

Well is doesn't take a rocket scientist to work it out Chesh - at the last RNS they stated it would take 5 weeks from commencement of Drill to EWT conclusion and the EWT is expected to take a minimum of 4 weeks - hence Drilling will have to complete by Friday - so only 48 hours for news of a TD? Unless it drags into the weekend in which case it will be Monday...

I would prefer Monday, that'll mean FOMO Friday!!

Just hope we get some indication of Helium shows etc with the TD announcement.

Rojo if you get quotes currently you will be offered stock at 1.608p and bid for stock at 1.585p (for 200k shares) - so actually, yes I think you will find anything above 1.60p is a BUY and anything below is a SELL.

For 1 million shares they will only offer you 1.5505p, so MM's don't really want volume it seems and they will offer you 1million shares at 1.608p

I am simply asking the question Clemdave - until the EWT and basin modelling have been completed we don't actually know of it is or not do we?!

Clemdave you say "flowed helium to surface, it has a high concentration...". Okay but let's put that into perspective - Helium flows to the surface all over He1 license and at concentrations of over 10% and yet none of those seeps qualifies as a "discovery".....

In and of themselves these factors mean very little without meaningful and consistent flow rates and a valid basin model.

The point being that a "commercial flow rate" is not Black and White - it is a question of the degree of commerciality. They may have just enough flow rate to justify investing in and funding a production plant but it is the degree of profitability over and above the bare minimum that will determine the SP, in my view. Many have said that we probably already have enough to justify going into production but I would suggest that, if so, it is very marginal.

Thanks one and all.

Apologies for my ignorance but where can the interview be viewed?

"Then do we attach to it higher Helium concentrations and stronger flow rates."

That is indeed the "multi bagging" question?

Will we get an early indication or will we have to wait the 4 - 6 weeks for the answer? Let's hope we get a heads up but they have been fairly guarded with their information previously so I suspect we may well have to wait.

Bluebay, that is pretty much where my thoughts were too. To add though, if we are deeper and drawing Helium from a longer column of gas or a larger number of "seams", added to the greater heat at depth, this should contribute to that increase in flow rate?

I am just trying to make sense of the BoD's anticipated game plan here?!

Haven't got a clue how they come up with a reserve figure without a static reservoir though?! How and who is ever going to sign that off with a definitive number? How do you quantify those reserves?

Having been to 1.50p in the last 24 hours.... some soothsayer?!

I don't doubt that Just_us I think that is pretty clear but again, how does that change with depth...? Buggered if I can see it.

A fracture play maybe but with no "captured" gas? No captured gas, no significant pressure (heat aside), no pressure no significant flow rate?

I can't claim to know, Just_us but I would have liked the BoD to shed a bit more light on their thought process.

Possibly Just_us but why the mystery? Helix have already opened up on what they need to make their "find" commercial - I am sure the He1 BoD could have articulated what it was they need to see and what and how the likelihood of seeing it actually is.....

I would have to agree RJ, looking positive, though with reservation. What do we know already? That we have seen Helium shows of up to 4.7% but that was insufficient, in itself, to announce a "commercial" find on the previous Itumbula data - why was that? The combination of Basin configuration, reservoir "reserves", Helium concentration and flow rates was insufficient to make this a commercial proposition. What is unclear to me is which of these "metrics" the BoD are hoping that drilling deeper will change? The "reserves" issue I think is a given (it will flow for an eternity) and we know that by drilling deeper the Helium concentrations are likely to increase BUT the basin will not change and as this is not a typical "Basin" with gas constrained and under pressure beneath an impervious layer, how does added depth increase pressure and flow rates? Does increased heat at depth increase flow rates? If so by how much?

We know that there are Helium seeps at surface of 10+%, so without increased flow rates what is the level of Helium concentration needed to make it "commercial"? At the last interview they ruled out the possibility of "stimulation", so where does the increase in "flow rate" come from? In the Helix interview of the other day they highlighted the importance of flow rates in their own equation (far lower Helium concentrations but with a traditional basin model) so where and how does this change with depth in the He1 "model"....

Anyone with any experience or knowledge of geology and gas extraction shed some light on the above?!

Oh dear me and there was me thinking that you had filtered me Toffers - Defamatory? Really? I am not suggesting they are true. Not as you were doing shortly after the Webinar? Which were the more defamatory.

Actually Toffers see if I care - the reality is that most posters here don't need me to conclude what your agenda may or may not be - they have done that themselves.

That may or may not be true olly but the point that I was making was not the validity or otherwise of the claim but that any interview to highlight the fact that we may be behind schedule (assuming we are?) would only be used cynically and egregiously by Toffers and her fellow FUD mongers to slate the BoD as manipulative, self-serving and anti-shareholder crooks in a blatant and transparent attempt to crash the price and trade it again as she and others did at the time of the Webinar.