Member Info for CrustyPete

Anything I say would be a total guess, but I do think we are due an Operational update and I suspect it will highlight a delay, or delays....

Simply an unusual, unsubstantiated anomaly? Or no smoke without fire? I cannot claim to know but I will be sitting on my hands; maybe there will be an RNS out soon?

Smudger, I might suggest that if CH1 is to pre-date NT1 workover it might be because without a pipeline and a GSA a workover is no longer top priority. NT1 workover was to facilitate earliest possible production date but that date may now not be as originally planned.

It may have done in the distant past dai, when the idea was being circulated that we (He1 shareholders) ought to be putting our funds into NHE for their TD and then switching to He1 - which was a nonsense being pedalled by some...

Well that is your opinion LW and you are entitled to it. However have been innumerable posts suggesting that Noble will be the first to drill or that He1 and NHE are collaborating for each others mutual benefit, or that the results of one will impact the sp of the other and that it is therefore best to back both horses, whilst some posts have been extoling the virtues of NHE above those of Helium (primarily the respective attributes and performance of the Board (in such things as fund raising, PR etc).

So LW you have your opinions but when I see such nonsensical BS as that above it is difficult to ascribe that to anything other than self-interest or an "agenda".

So LW I thank you for your superior and condescending remarks; I would accept that there might be some crossover but to suggest that many of those posts (as described above) are NOT driven by an agenda is similarly ridiculous and non sensical.

And I should not need to remind you that my opinion is just as valid as yours, irrespective of how ridiculous you might find it to be.

Wyndrum, like you I think any reference to Noble is a total "red herring" but is more often than not peddled by those with personal interests in Noble who want to create that link in the hope that some of the He1 shareholders will be persuaded in dropping some cash at Noble too.... thankfully the majority of posters here seem to have seen through it.

It might be PoC, might be. There is no foregone conclusion on the results and no immediate date for release.... and without a GSA or pipeline no means of monetising anything that is below ground; resources versus reserves.

Indeed RJ, here we are at the 31st October the deadline by which the GSA and the Pipeline initiation were due to be completed in order to enable production by the years end. Now, of course, these milestones might have been met and we have just not heard about it yet, however based on historic performance we are more likely, I fear, to hear of another typical Tanzanian delay....

I also fear that Rojo is correct and that Sultan Al-Ghaithi might struggle to meet his target of delivering a CH1 drill by the end of the year in the light of there being no news on drill, contract or anything else.

So, whilst I have some sympathy with Edgar's view that "what's another few months?" any significant delay at this juncture is likely to have a negative impact on sentiment and therefore the sp methinks; in those circumstances it is difficult to justify maintaining my "BUY" opinion on the stock.

Let's hope we get some light shed on the current situation very soon.

Agreed ART. we had Helium shows then and look what happened. So, encouraging news? Perhaps, but it ain't over until the fat lady... etc

As RogerJolly reported a day or two ago and as he and I have experienced many times over the last 15 years of involvement with Tanzanian O&G companies, the protocols in Tanzania dictate that the Tanzanian authorities are required to "vet" any significant RNS releases when those releases might impact internal Tanzanian "politics". The potential outcome of their first successful (or second unsuccessful) Helium drill I suspect would fall into the "significant" category.... Previously this has been known to delay an RNS for up to a week.

Hoorah! And as soon as I say it so it happens. Happy days. Apologies Chesh ;0)

Let's hope it stays above the 6p mark today ahead of the next piece of news,

GLA

Chesh, it is the mid and bid prices that need to breach the 6p mark. The "offer" doesn't count I am afraid to say.

Let's hope so because we are going to need something to put a rocket under this today...

6.5p looks a long way away at this juncture; trading very slow so far this morning; yesterday's momentum seems to have stalled. As was discussed yesterday we might need to break through 6p a few times before we break out and we need a lot more volume than we have seen so far to get that next breakthrough.

5.80 on the bid - disappointed, personally.

I wish they would shut trading early! It would be good to see it close above 6.00p on the bid to provide a springboard for another solid rise tomorrow.

Fingers crossed. GLA.

Delays or no delays Chesh, it is now an undeniable reality, the BUY price has now dipped below 6.00p. The only question now remains, how many attempts will it need to break out above 6.00p? if it does at all. I guess only time will tell...?

Indeed, having just checked, there have already been a number of BUYS going through below 6p, so it won't get through without that second push and, who knows, maybe a third.... ;0)

I hope you are right Chesh. Nothing would please me more but past performance suggests maybe not....

Just hitting 6p is no good, it has to stay there. May need to go through 2 or 3 times before it sticks