Member Info for dai2belts

Looks like that interview has brought the buyers back...

Its still not clear if they are going to drill deeper,

I would be watching for another fund raise..

They may be funded for the second drill, but will they be funded to cover ongoing business costs, and may be contingency costs for final drill ?

They will have hired 3 rigs and crews, completed 1st drill, then completed a work over of 1st well, then the final site

@deep, anything to say they intend deepening the well ?

What was the original target ?

Seems a good result, yet the share price is way below the peaks seen during results anticipation ??

Should have got one of these

https://www.vandf.com/en/products/analyzers/vf-hsense/#:~:text=The%20HSense%20is%20a%20mass,to%20measure%20hydrogen%20and%20helium.

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AmyStake

Posts: 19,466

Price: 21.20

No Opinion

Extra bit of info28 Aug 2024 07:45

For those that are confused why we didn't get any Helium readings like we did in the Charles formation

"The presence of hydrogen makes it difficult to verify ppm helium in the formation.

Gas chromatography - signals overlap

Mass spectrometry - H ions interfere with He ions

Thermal conductivity - both have high readings

Wireline logging needed..."

It is extremely positive we have had hydrogen found as well. It means we have to wait for the specifics on Helium but the added bonus could be VERY lucrative

Interesting, how come ?

Hex reported Helium readings x50 bg & x130 bg for Amsden & Charles, then gave a hydrogen reading for Flathead @10% but stated elevated helium in all targets..

Kind of mixed results, and why no helium BG for flathead as I thought it was the regional helium reservoir ??

6 companies

https://total-market-solutions.com/2024/06/the-race-for-helium/

Helium to Hydrogen

page 32 Mt Kitty , Magee1

page 33, S Africa $ Canada

https://www.energy.ox.ac.uk/wp-content/uploads/2022/03/Oxford-Energy-Network-Talk-7th-June-2022.pdf

Hit TD but only 4 horizons of 5

https://youtu.be/PBLSLLhbO2g?t=33

"get after the remaining well bore" is that for wire-line rather than deepening or deepening ?

https://youtu.be/PBLSLLhbO2g?t=80

Https://www.youtube.com/watch?v=PmQ9G0wubrU

Mmmmmm, what do you think about the hydrogen increasing?

I have it in my head that if hydrogen goes up helium goes down, but I need to check that out

https://www.youtube.com/watch?v=PBLSLLhbO2g

@Swissy, did'nt know the missed TD ?

Quite a few I have seen pump just before poor news, He1 did it at Tai, and Itumbula just hit 2p days before 1p... ADV sideways until just before very bad news, when it flew...

Itumbulas 2p was unusual, each tick up would be followed by a very large buy. How many think a buyer with lots of dosh is a savvy trader so but too?

Should not..

You should lose interest, she has said the will need funding, suggesting bank project funding as for development wells, all the while Blue Star who are drilling development wellsraised from the market..

Its worth a watch, those that believe will probably be loading up, so could be tradable before next funding

Wouldn't the EWT be an appraisal of sorts, helping to prove up the resource...

@Swissy, what would your advice be to somebody buying this stage of a drill if it were 88e or He1 ?

Good question....

with how easy it recovered from all dips to date I thought that this month would allow another period where the traders would buy in at 16.5/18p, believing no bad news is likely for maybe 6/7 weeks, allowing them that time to make a profit at 20/21p before testing starts.. but who knows

If its consolidating around 16.5p, then you need to try and buy the dip incase it drops a little more... 15p would offer almost double at the previous high of 29p, will there be some manipulation ?

I wondered how much they paid compared to the Mcap..

Or did you sell to those buyers for a quick profit ?

@HappyDaze, what did you like that persuaded you to buy back in ?

Its alway a gamble on AIM..

But you will have buyers sub 13p ready to sell as the guys on the side start buying, maybe another twitter leak will fuel the rise then selling will likely occur on RNS.

looks like MM is trying to up the Ask on low volume, tall candle on the 1 day chart