Member Info for dai2belts

@noob
Well we have a great BB
And you know what they say "about all work and no play"

Thanks BP thats great,
thats a question I have had for a long time but as you could see I did know enough to ask it.
Will need to read both threads and report valuation again with a beer to see if I have learnt anything :)

Obstando got the most.. fair comment..
Now SGF got just 2 less than Bryn..
Now I believe Mattb87 started an open thread, in an attempt to get back on track with He1 related posts, only 2 posters contributed yet 23 objected to alternative subjects post by regular posters,
Just saying

"Not sure I understand the questions sorry." thats because I am not sure what I am asking :)
Now you have given me a bit more of a clue I might do better this time
Table Page 27, the lower half is laid out as below...
Variable operating cost $/mcf $15
----Well$mm $9
----First plant$mm $50
----Second plant$mm $40
----Power$mm $10
----Contingency20% $14
Total capex $mm $129

Because the capex related items are all indented I assumed Total Capex was their total. but added together their total was just $123 not $129
So as that total was wrong, I then I assumed being indented they were a subgroup to variable costs directly above, but that gave $138 or $129 less the wells $9..
Being a published report I assume its correct and I simply did not understand the table.
So is the $129 incorrect ?

Thanks BigPlan I will take you up on your offer :)
I have spent hours reading the definitions of the acronyms, then the report, thinking I understand. But next time I read through the valuation and economics nothings stuck which means I dont understand.

I thought the bin collection had come early but an hour has gone just reading your post and looking through the report. So will have to keep my recycling until next week :)

My first question is the relationship between the 'Variable operating costs and indented items listed below " with respects to "Total Capex", If you removed the Wells $9 the rest total $129 or the $129 capex.. I doubt its a mistake so its just coincidence I see matching figures ??

I dont like finance.. could be the $58mcf is the profit per mcf including the discount

Sorry that $58mcf is I believe $250mcf less costs and the discount.
I believe page 27 attempts to break it down, but I struggled with it.
Might be lucky and one of the accountants help us out ?

You got me there, too many acronyms NPV NAV H&P $ blows my mind unless its is being cooled by a good ale..
Its not my area, I might get bailed out by the author of the share price post :)
But I might know where to look to find your answer, I say might because I struggled to get the figures to add up, but I dont have the knowledge..
Try page 27 onwards..
https://mcusercontent.com/110d0aa5f5d9bf9478796664e/files/58194820-d910-4c75-b085-a151b97344ee/Helium_One_Initiation_note_Final_14_Dec_2020_RB2.pdf?utm_source=H%26P+Master+Contact+List+%28Sements+and+Tags%29&utm_campaign=78f95cbff0-EMAIL_CAMPAIGN_2019_05_20_02_05_COPY_01&utm_medium=email&utm_term=0_dd4f91613c-78f95cbff0-371771967

If it all adds up I would appreciate knowing how you did it :)

Now I thought it was the main contributors to this board that discussed other shares, providing a wealth of knowledge and adding some reassurance knowing they are invested here..
I am new to this game, found this share from a tip, and found my next two from posters here. One has a 95% CoS, and the other just hit 7 out of 7 drills.. I am glad I read most posts..
The guys here generally stick to their threads so its easy to skip discussions..

one of our posters put this together..
.........................................................
just to repost again so there is no ambiguity: http://www.helium-one.com/wp-content/uploads/2021/06/21-06-23-Hannam.pdf

Tai risked - 4p, unrisked 31p
Mbumi risked - 6p, unrisked 37p
Itumbula risked 5p, unrisked 29p
Kasuku risked 7p, unrisked 28p
+3p (from various)

The valuation range should be 21p - 52p according to HP's valuation for Tai drill period based on 4% He concentration .

Is Tai be all and end all? lets look again at the sp valuation from HP above.

If Tai fails with all targets:
Based on HP valuation, sp should be at or around 21p if all Tai targets are dusters e.g (6p+5p+7p+3p) for the remaining risked targets in Rukwa. The range then is 21- 97p, the higher end gives you the potential if the next targets are a success.

If we hit just one target at Tai: sp =52p (31p + 6p+5p+7p+3p) e.g Tai unrisked and the rest risked. range then is 52p-128p.

and you call build the sp estimates from the HP table for any scenario you can think of which I found helpful. Obviously sentiments not included so give or take a few pence top and bottom.

Basin contains He (confirmed) so there is no ambiguity, but where is it reservoired? We have 9 targets +1 contingency well to help us answer that. Will we hit it? i think we have a good chance based on fundamentals (science bit that is) but until the drill bit hits it, it hasn't hit it. I would have prefered 3D seismic but lets park that. (Seisprocessor is better on the subject than me so I follow the knowledge)

so dice it, and risk it as you please, its your own money. Just remember its a marathon pace. :) If you dont like HP's table, do your own valuation, I did mine.

Please please DYOR

"A primary helium project is one where the primary economic product is the helium, and not other gases. In
the Company’s projects, there have been multiple instances of measured surface helium emanations of up
to 10 per cent. helium. The Rukwa Project is expected to have the ideal gas composition, predominantly
nitrogen (c.90 per cent.) and helium (c.10 per cent.). This means the project will be unencumbered by the
need to develop parallel expensive and unnecessary hydrocarbon / CO2 extraction and likely lacks any
environmentally damaging by-products. "

@111baker They will be extracting mixed gases, mainly nitrogen containing mostly helium,
so for example 96%N 4%He or even better 90%N 10% He.

I always stopped at the contacts thinking that was the end of the RNS.. The Tech Glossary added a little more understanding for me..
Connection Gas - Elevated levels of helium detected in mud during recirculation following the addition of a drill pipe. Helium infiltrates the well while mud is stationary and shows a temporary peak when drilling recommences.

looking forward to the words "Pay Zone" in a forthcoming RNS

Pay Zone - A zone identified in wire-line logging as a gas saturated reservoir supported by strong helium shows in mud logging

Mmmm.. The more I read the more I forget :)
listen to the Investor interview describing Tai's seismic section, comments other than the 2 main targets, whats around them, such as" light areas could be bentonite, gas throughout". Then compare to whats being reported now..
Sounds like their interpretation of the siesmic was very good, thats my inexperienced opinion :)

I do wonder why they did not wire-line the 1st zone especially after becoming aware of the risks drilling deeper but this is my 1st explorer so cant really comment. But then again averaging out the drilling speed I got 27m/d so I guess they may have been keen to keep moving, especially with the data they were seeing.. That being the data giving them confidence to go for the big one..
The last RNS suggests gas is visible in the drilling mud, there is a fair amount of interesting info below the contact details, well worth a read..

Treks CCZ up 40% today, was a very good tip

You copied Treks post, terrible...
I put them in a portfolio named Trek, got another called Glib, going to test TA against FA...
But Glib v ST would be better :)
The LSE advanced portfolio is available to non members, sure it was not before..?

Anyone know the day the 1.48bn shares were listed?

Plenty of trucks are capable of transporting across dirt roads, some desert sands

In think its another hint to the pay zone at TD spilling and filling the trap at 500m ;) would be nice :)

Page 37 Development and Production costs, includes some details of design..

http://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf