Member Info for dai2belts

@Noob, just checked and advance pays the Timor Gov
"Buffalo was originally classified as being in Australian waters, and accordingly was developed
under an Australian licence. Following the ratification of the Maritime Boundary Treaty in
2019 however, the PSC now lies wholly in Timor-Leste. "

I dont trade often enough for level 2. Been watching OTCmarkets, they show L2 info..
Thanks for replying, all adds to my learning

@noob
https://www.theguardian.com/australia-news/2021/jul/04/sailor-spy-whistleblower-grandfather-the-life-of-witness-k-revealed-in-court-documents

Thats interesting,
Whats your platform?

interesting video, I remember watching a documentary on main stream TV years ago, as usual dirt on the US, and UK..Cant remember much but always remember the islands name.

@sgf, I have been stalking..DBD mentioned its worth following a few guys here for my next adventure, and I found you all at advance. :)

Thanks Noob
So its just a ratio of the going rate for a barrel, so in this case the in the ground value of $12 is 1/5 or 20% of $60 ?
For Copl your saying in the ground was 7.5% of the price the oil traded at?
If so then I take it 20% is very good?
Another interest, apparently with 95% CoS on an appraisal well in a known old production field
Asked here as I know I will get some good feedback so I can go off and find the right articles

@Phantom25, Do you that buying at quote(electronic 15 sec timeout, not sure right terminology)?
I had issues with trade plan not executing on another share and my broker suggested not exceeding market size..
All interesting and worth remembering

I guess freetrade is commission free
This may not be your issue but someone posted that there needs to be enough orders before the free trades are submitted as a batch. Like waiting for a fair ground ride to fill before starting. Since there was no dealing charge that poster would submit a batch of buys/sells and had a more reliable outcome..
I have also found buying <= Market size(He1 75 ,000) helps when getting NT, but that could be coincidence..

Struggling to find an idiots guide, probably using wrong search terms..
Value barrels in the ground at US$12.2/bbl,
US$60/bbl Brent
What is value of barrels in the ground?
Whats the relationship between the prices?

who are you buying through

mine seems okay

.

depth as in thickness 140m..

@Glib
Skittish mentioned the drill being quiet during video update, so possibly the cement curing, that was 1st July.
I worked out the depth of the 1st target to be about 140m by making some assumptions, then comparing my estimate to some figures Seispro provided..They seem comparable..
I would guess they cased the 1st target to ensure gas from that zone does not skew mud samples approaching TD..
So I would guess they drilled to at least 540M by 30th June/1st July, and estimated about 50m/d (assuming 2 days to case/cement cure)..
So my guesstimate is TD about the weekend, results after..
Very much in line with your estimate..

All this talk of beer, yes I am a bit of a fursty ferret, but after just a few I get tangle foot then go for a fly..
I wonder if there will be poacher and hopping hare at the bar, would be champion

I would not be surprised if there are changes to the plan once they know more...
Would be nice for them to add a depth chart next to that rig, big enough to see on the twitter updates :)

Should have added , Very much as Noob posted

@kevin, directly from DM, nice and easy..

https://www.youtube.com/watch?v=A4zVkhSXlNw&t=2460s

Page 17
From exploration into appraisal(Sept-Nov).
Then from appraisal into 3d seismic,
Then 3d seismic into engineering

http://www.helium-one.com/wp-content/uploads/2021/05/21-05-06-Helium-One-Presentation_May21.pdf

Next year focus on engineering, economic modeling, Eisa studies and permitting.
Aim to get permitted in 2022 so that He1 can start construction in 2023 and be producing thefirst helium by the end of 2023 early 24.

From investor meeting