Member Info for CrustyPete

We need that Farm-Out partner in order to do more "testing", indeed to drill another appraisal well.

Additionally, the BoD's stated intention is to join with "off take" partners to get the Helium to market, none of which have yet been identified (that we know of) and certainly not signed.

"diluted a small amount", yes indeed Sheephatch but, surely, offset by increased "assets"? Albeit with associated development and cost obligations.

Similar comments from industry this morning; Pulsar Helium CEO on Radio 4 The Today programme earlier this morning commenting on the impact of the cessation of Qatari Helium supply on Industry. Stating that the biggest and most immediate impact will be on the Microchip industry.

Pulsar Helium CEO on Radio 4 The Today programme this morning commenting on the impact of the cessation of Qatari Helium production on Industry. Stating that the biggest and most immediate impact will be on the Microchip industry.

So kread where on the AGM presentation does it say revenues of 2m?

If you look at page 12 of the BLN presentation discussed umpteen times it specifically talks about production revenues, are you blind or just stupid? And those based on a range of CO2 and He prices - what He1 price were the BoD using for their supposed 2m forecast? or didn't they specify that? And what happens of that price has changed since? I suppose you would still stick to the 2m number that we only have word for? And one that totally ignores any contribution from CO2 too? Totally nonsensical.

Lol! you couldn't make it up! You are a total clown.

Filturd.

"They have also said I bit on top for the CO gas but didn't day how much."..... Oh how convenient!! So you want to rely on a figure given by the board 4 months ago (where is the reference for that btw?) , that totally IGNORES the income contribution from half the gas produced - and you call that thorough?! Thorough my a**e, that is anything but thorough, that is selective and contrived kread,. But hey why would we be surprised. You are a total charlatan and, if you think that anyone no-one sees through you, a fool too.

The answer for the CO2 is $1 - 2m is the figure you need but I am sure you will continue to ignore it as it doesn't suit your agenda eh?

There will also be another 9 wells coming on stream during the next 12 -15 months but, no doubt you will choose to ignore that too?

Thorough?! Lol!

Stan you are wasting your time. But no matter for as many times he chooses to quote his out of date, selective and misleading numbers there are those that know the reality that will correct him. So he is wasting his time and will only guarantee that the real numbers are broadcast regularly.

Anyway goodnight and good luck all.

They are always interesting McNol just sorry to miss the last one.

You are correct Gllb, nothing of late neither on ESP, Farm-Out nor Galactica production. Disappointing but hopefully indicative of their having bigger fish to fry (Farm Out / JV conversations etc)- though just as likely to be swerving the issues surrounding inconclusive ESP results.

$2m

"misrepresents the facts and data"

Yes kread your repeated , erroneous assertion that the income to He1 from Galactica will be only £2m in the first year, when everyone has offered proof to the contrary.

Deliberate deception and misinformation.

Something for a very quiet day:

https://www.linkedin.com/company/scancell-limited/posts/

Scancell’s Director of Clinical Operations Joe Thornton will be presenting a poster this week at the Lab to Life: Innovations in Melanoma 2026 at the University of Manchester.

This event explores the latest developments and innovations in melanoma research. Joe will be discussing the clinical program for iSCIB1+ in advanced melanoma, the data generated so far and next steps towards Phase 3 development.

The presentation takes place on March 12th. We are looking forward to seeing you there.

For more information and the program agenda: https://lnkd.in/ehR2yvFw

hashtag#Biotech hashtag#Melanoma hashtag#ClinicalData hashtag#Cancer hashtag#Oncology hashtag#Healthcare hashtag#ImmunoBody hashtag#ActiveImmunotherapy

"You’re being overly pessimistic."

No BB he is being deliberately selective and misleading - the real numbers do not suit his self interested agenda and so chooses to ignore them.

So just to make it cleat how duplicitous and misleading your oft quoted number of $2m actually is, here are the recent numbers provided by BNL themselves from their fund raising prospectus:

Helium Price (US$/Mcf) $350 $475 $600

CO₂ Price (US$/ton) $150 $375 $600

Illustrative Gross Revenue US$13.8 million US$23.9 million US$34.2 million

So maybe kread you can now move on from your deliberately misleading nonsense.

There you go again kread quoting the totally specious figure of $2m as total income form Galactica - I demonstrated yesterday the figures that BNL were anticipating from Galactica and they bear absolutely no comparison with your totally selective and misleading number.....

Anyway , I ask yet again, why are you here? You are not invested, you consider it too risky, you think Rukwa years away before producing if it ever does, so why not move on to something you are invested in and something that you actually know something about?

So many of the Oilies, MIners and the Helium Co's have been on the rise as a result of Oil, Commodity and Helium shortages and price hikes so hardly surprising that with the war now nearing the end (lol!) that they are weaker today.... best to sit on your hands methinks; nothing is set in stone and the with the Israelis saying that the war is far from over probably all change yet again tomorrow.

Trump = Invictus!

And, no doubt, it'll be the ninth war he has single-handedly stopped.......

Good grief.

Toffers, missed that, can you clarify? The "guaranteed revenues" referred to - is that expected to be the completion of long term supply contracts from Colorado? If not, what?

Let's hope for some more general positivity on the markets tomorrow - a good day for He1 and other "miners" and "energy" co's but mixed for a lot of others.

good night and good luck all.

That would be certainly be true where the "junior" is sitting on only one, non income earning asset but where as (once upon a time) Aminex with Kiliwani and now He1 (Galactica) would / could have contributed towards some of the development and, or appraisal costs; the Farm Out of Ruvuma only occured after the income form Kiliwani dried up and left Aminex with no income and hence no options - had they been able to they would not have given up their "operator" status and would have looked for a "minority" Farm-In partner.....Moreover ARA were a 29% investor in Aminex and therefore were in something of a privileged position.

But as I said, I fully understand your logic; I guess time will tell.