Member Info for Cyrox

Well done those who held on...

Yes, not mine. But I thought it was worth reposting. But as with the first postings, they are quickly lost in mindless stupid posts which have little or nothing of value

So let me explain to everyone what happened to BlueStar. Firstly, they were trying to run two projects in parallel, Voyager and Galactica-Pegasus. Voyager was their flagship and was supposed to generate the initial revenue to fund the Galactica-Pegasus development wells. However, both their initial wells came up with very low pressure and anomalous flow rates. For those who don't know the word it means 'deviating from what is standard, normal or expected'.

Whilst this was going on they were also progressing the Galactica-Pegasus project, and with the success they were having in effect abandoned the Voyager project. BUT, as they hadn't generated any revenue they were left with a problem. They were left with only £600,000 cash as of June 24 after already spending $1.5m on Galactica-Pegasus as well as millions on Voyager. They had no money to drill their development wells.

Being opportunistic HE1 stepped in. For rescuing them by paying their $1.5m initial project spend and committing to fund their first 6 development wells, HE1 got:

A 50% share of the 36 development wells.

A 50% share of all BlueStar leases associated with 61 000 acres with the option to fully aquire them should they wish to.

BlueStar put themselves over a barrel and HE1 took advantage. BlueStar then had the ability to raise a bit of money and with HE1 paying past costs and initial drilling they are now solvent until revenues start, and HE1 have done a fantastic piece of business for us holders. The first six wells will fund the next nine and the next nine will fund the other twenty one, and exploration of the other leases.

You see, research really does allow you to keep calm when others are losing their heads.

Don't have the name for this one but more interesting than most posts I read.

RE: Chatgpt againToday 07:53

I think there is a mix up on the translations of the unit size of Mcf for some people's estimates where for some they have translated it to mean millions instead of the thousands, even the AI quotes are getting it wrong. Each tier goes up in mutiples of 1000.

Scf = 1 Standard cubic foot

Mcf = 1000 - Scf

Mmcf = 1000,000 - Scf

Bcf = 1000,000,000 - Scf

So our 6176 Scf/d equates to 6.176 Mcf/d

The average helium price at present is around $390 per Mfc, but this can vary depending on the grade of helium which ours seems to be a very high grade needing much less processing. The price can also change considerably when contracts are involved and even rise to around $1200 per Mfc if sold to the likes of space companies.

So, if these prices are anything to go by then per the 6.176 Mfc/day we generate per well would equate to an average of 6.176 x $390 = $2408.64 per day per well. Now times that by 30 wells equates to $72,259.2 per day for the whole production, which if we are producing at 365 days per year, then this would equate to $26,374,608 per annum.

Now those basic calculations are from a standard price today, given prices are continuing to rise, then by the time we start production it could have gone up considerably. In addition to this, we do not know the contract price HE1 maybe selling at to the end user which could be mutiples of the current standard price. So take the $26.3 million per annum above as a minimum, because if we end up selling our helium contractually to say a space company like NASA or Space X, then we may get more than 3x the price inflating revenues to somewhere north of $80 million.

Ofcourse these revenues don't take into account the costs of production, taxes etc. But as Lorna stated in the interview, we have our own drilling rig which will reduce production costs of these wells significantly, in addition to the fact that production wells are much less costly than exploration wells. So, based on her own words, then I don't think the cost of drilling these wells is as much as some people say, and instead it would be little cost compared to the revenues generated.

I think there is alot of cherry picking going on with regards to information on both sides with assumptions being made on partial facts than the full picture causing misinformation or misinterpretation of the facts surrounding this helium play as a whole.

Very quiet this morning. I wonder if most of the negative posters have bought in. Or am I tempting fate?

Well worth scrolling back to HFH post re blue star.

any spike likely to be sold in to at. 75

what a ****show

huge discount and warrant

joke

just glad i only have a few quid here

21 chats with nothing of any value said

What are you going on about?

Are you deranged

interesting *** packet calcs copied from the weekend banter

re: glib... delibaretly deceiving or just plain dumb?today 09:45

did you catch this quality post from crownos?

hope he doesnt mind me reposting it....

re: chatgpt againtoday 07:53

i think there is a mix up on the translations of the unit size of mcf for some people's estimates where for some they have translated it to mean millions instead of the thousands, even the ai quotes are getting it wrong. each tier goes up in mutiples of 1000.

scf = 1 standard cubic foot

mcf = 1000 - scf

mmcf = 1000,000 - scf

bcf = 1000,000,000 - scf

so our 6176 scf/d equates to 6.176 mcf/d

the average helium price at present is around $390 per mfc, but this can vary depending on the grade of helium which ours seems to be a very high grade needing much less processing. the price can also change considerably when contracts are involved and even rise to around $1200 per mfc if sold to the likes of space companies.

so, if these prices are anything to go by then per the 6.176 mfc/day we generate per well would equate to an average of 6.176 x $390 = $2408.64 per day per well. now times that by 30 wells equates to $72,259.2 per day for the whole production, which if we are producing at 365 days per year, then this would equate to $26,374,608 per annum.

now those basic calculations are from a standard price today, given prices are continuing to rise, then by the time we start production it could have gone up considerably. in addition to this, we do not know the contract price he1 maybe selling at to the end user which could be mutiples of the current standard price. so take the $26.3 million per annum above as a minimum, because if we end up selling our helium contractually to say a space company like nasa or space x, then we may get more than 3x the price inflating revenues to somewhere north of $80 million.

ofcourse these revenues don't take into account the costs of production, taxes etc. but as lorna stated in the interview, we have our own drilling rig which will reduce production costs of these wells significantly, in addition to the fact that production wells are much less costly than exploration wells. so, based on her own words, then i don't think the cost of drilling these wells is as much as some people say, and instead it would be little cost compared to the revenues generated.

i think there is alot of cherry picking going on with regards to information on both sides with assumptions being made on partial facts than the full picture causing misinformation or misinterpretation of the facts surrounding this helium play as a whole.

It seems to me that HE1 are looking to be a big player from the interview so although there may be some agreement with other companies I don't see them selling up.

Nice to hear helium discovery mentioned a few times too.

Down a chunk here but confident of a gain in the next week or so.

You are a total prick. Regardless of your views anyone who seems so gleeful about others losses is wrong in the head. Currently a fair few grand down but rather that than be you, or worst still a member of your family. They must be so proud.

Now I am in

Not

Not I am in😉

What sort of response is that happy daze?

Seems we have two little gangs shouting the odds. Cheering when there is a few percent move in their wished for direction. You do all realise that the SP is pretty much stable?

Not I am in, and a fair bit under but hopefully it will touch 2p again when I will take half out.

Sure we could have another poorly executed raise, a cln, a JV, a buy in etc. We have only conjecture. Will it be commercially viable? Again, conjecture although I think the rns information suggests that it will be.

I think people think they have more influence on the price than reality. More like the rampers or derampers shout louder after or during a rise/fall rather than causing it.

It's a shame as real debate is lost.

Looking at indicators moving averages seem to suggest weak sell over 1hr, 4hrs 1 day and one month. Oscillators are neutral except buy on the one month.

So pretty much more of the same unless there is news or big buyers /sellers.

Probably worth a few price alerts so you can get away from this fairly toxic board.. Unless of course you are one of the toxic or deranged posters😊

Bipolar, you are a fool if you think USA wait for the afternoon to trade, what even makes you think USA holdings are big? You just chat shlte for your own agenda, it is obvious and boring.

Copied

So the deadline to submit the mining licence is the 17th September. That means we have around 20 days max. I would imagine that licence has already been drafted and is just awaiting the final data to confirm the data they already have. Otherwise there would be no need to mention any such application. She said it would be ready well before the 17th which suggests they have already made a decision which way they are going with this. If it wasn't commercial, there would be no need for an application.

But as he clearly stated he wants in lower. So his agenda is clear. I don't really see how he imagines he has any influence. I think much bigger players will have this soon enough and not us baby pi

I expect they will rns when they have the results, not choose a day.. At least, them the rules

Hey tilly, sold my hemo to get in extra here at 1.4 going to need 2.8 to makeup for that mistake. Looking good, mind need 2.15 to break even on earlier trade here. About time I got one right. Might even pop a few back for the other when this hits3p

Some big trades and truthfactory on overdrive. Time will tell.

Hardly matters with £5k traded. She's asleep currently.