Member Info for dai2belts

Also the last exploration well, Gobi, if that was declared a duster then that would have impacted the NAV , but they gave a mixed update, keeping alive its potential..

Leaves Siaga, as an explorer, and its risked value

The NAV for Heron is two parts

a. base retrievable

b. enhanced ( future drilling using advanced techniques)

So if they don't get a good flow rate to start, that probably puts a doubt on the achievable enhanced rates

Its all in the balance at the moment, and if those enhance rates are not achievable, could be trading at a price not including potential, just output...

Don't they need to activate a wavier, sure I have seen updates include mention of a waiver when a holding means a bid for the company is in-line ..

Mmmmmm 30.56%, just enough..

What percentage have to agree for a hostile to go through ?

I am not sure where the MC will go now its a producer..

It could head somewhere between production value and asset value, but if the flow rates are disappointing then closer to production..

Just hope they don't turn out an IOG

Now SEA seascape energy

Takeover the sell it on ?

Not much posting on ALL BB

ALL, anybody considering buying for the possibility of another approach, plus there is the ML licence news to follow...

"Destination Nuclear" keeps being touted on the radio ?

Maybe Gov pushing/funding nuclear

With the recent development of bomb dropping drones, and the UK defending Isreal, and supporting Ukraine, I would be worried about another wave of terrorist activity and their use of drones to target nuclear facilities

https://www.destinationnuclear.com/interactive-map

Still rising, more than doubled, was. 16p now 38p

I would have expected that PC contract before production, but that could be waiting on oil grade, again another reason to have flowed directly after stimulation.. who knows..

@Kev, joined you on Matd, might give Horult some luck..

Too much, lack of, clarity, too often..and spread gets pretty tight so could get back in ...

Why did'nt they complete clean up earlier, have it flowing oil ready for production..?

To announce production, only to find they did'nt complete recovery of fluids after announcing successful stimulation ?

PANR had a tough time recovery fluids...and then flow was below expectations...so until fluids are recovered can you say it is successful...

Played it safe...

I suspect a fund raise, unless both flow really well

Assore 30.56%

Mmmmmmm, speculation could see +20p, especially as 18/19p was support for quite a while.

What sort of averages will the big share holders have ?

Wish I took that 3p now, lol....

Are we at that BCE time, pump installed,

will clean up take longer than expected ?

another stimulation ?

So you did'nt spot my 20% of £1,50 error lol

I think with all the maps and details DM provided, he must have been confident..

This AIM doc lists 14 figures, I can only see 4..?

Looks like some of those Prospective resources could be on page 12 of presentation, mark a distance of 1/2 mile either side of jet stream 1, inside contingent, outside prospective

https://s203.q4cdn.com/212931576/files/doc_presentations/2024/Sep/10/pulsar_corp_deck_sep24_web.pdf

AIM Doc maps are blurry, and figures listed are not showing??

Topaz, contains

80 parcels with 100% interest, 20% Royalty, 3032 acres or 12.27 sq km., 4.74 sq Mile, owner RGGS

75 parcels with 25-75% interest, 3% royalty, 2847 acres or 11.52 sq km, 4.45sq Mile, owner St Croix( not in TSX IPO Doc)

The Contingent Resources for both helium and the by-product carbon dioxide have been defined only for the area immediately surrounding the Jetstream-1 well, an area of

80 acres (1/8 section) for the P90 case 1.6mmcf

640 acres (1 square mile section) for the upside P10, 34.9mmcf

P50 5.9mmcf

a pay thickness of 450ft as seen in the well.

Fracture porosity is very low but gas saturation is high

So 1 sq Mile, 80 acres, .......................are contingent..

LOD-6, original well 45ft from jetstream , is located in the 1st lease of 1040 acres, 1.6 sq Miles, 100% interest, 20% royalty..

TSX IPO doc, states July 2023, (probably includes LOD-6 well data as jet stream yet to be drilled)

Contingent Resource Project & company, so 100% interest, Best/P50 was 15.9mmscf and Prospective 3.1mmscf, at that time 1040 acres were leased, rest optional

No mention of wells LOD-5 & 8

Move a well 45ft, and loose 10mmscf contingent, better than DMs 15 paces for nothing...

I don't know where Directors talk get 1.4bcf, or the analyst get their CAD$4...

But I guess He1 must have been using Prospective estimates all the time, so 0.4bcf in this case

So where are those prospective resources located, ?

That stinks of forward selling, the drop to 12p, then back to 19p, ....

the fall due to parliament was just coincidence allowing them to announce a small discount

Sept presentation mentions 0.4bcf undiscovered reserves, while cpr gives 6 mmcf discovered, yet the analyst talk about a 5mmcf/d plant, 5 or 6 wells..

At 12.5% helium that would produce 2.3bcf/y, and that 6mmcf discovered volume would be produced in 10 days...., and the full amount in 2 years

125m shares in issue , 0.406bcf or 406mmcf or 406,000mcf

thats just 0.003248mcf per share

@Us$600mcf $1.95/s. £1.50, less 20% royalty £1.30

@Us$400mcf $1.3/s £1, .....80p

@Us$200mcf $0.65/s 50p, .... 40p

Less costs of about $20m-$30m $0.16-$0.24..12-19p per share

Gex use $200 selling from the well head..

I guess because the gas would be produced within 2 years, we can estimate without complex NAV equations...

I must have something completely wrong....

Other thing the CPR gives Gross Prospective Resource as 380mmcf, I assume the 0.4bcf. But quotes that as 0.043bcf Net... Must be an error.. Its calculated on pulsars interest in the blocks of land leased , varying from 100% to 25%... I would think that the well is located in 100% owned blocks but I can find a readable map... Sure I read the resource estimate is for the Jetstream prospect rather than Topaz as a whole

but at 43mmcf or 43,000mcf, then 1/10 the value..???

Must be missing something here ???