Member Info for dai2belts

Just bumped into Spanish couple with a dog....

They let their dog come nose to nose with mine, so I pull mine back as she recently picked up fleas..

So I tell them she may have picked up fleas from a cat, so they don't think I am not sociable..

I then follow up saying " hopefully I have got them" to which they step right back..

I guess they took it literally lol

Any of you guys still in He1, before I decide to go trolling ?

Just $5m..

Mmmm, He1 have fully funded their next 6 wells and paid back costs...

· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation and processing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

CPR, indicates, US$2 million per annum will accrue to the Company over a period of five years., I guess thats an average over the 1st years...

"The initial wells are expected to be on stream and producing in H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum will accrue to the Company over a period of five years. However, these estimates represent only SALES from the production of helium, and the Company believes that the sale of associated CO2 into the local market, could increase this by up to 50%."

Is that revenue or profit ??

Revenue, also known simply as "SALES", doesn't deduct any costs or expenses associated with operating the business. Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.

Will be interesting to see how much of the CPR comes to fruit...

Revenue, also known simply as "sales", doesn't deduct any costs or expenses associated with operating the business. Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.

So any idea if Blue Star are predicting $4m sales of $4m revenue ?

=========================

Brokers notes....without the acquisition I guess it would be lower.....

Production was described as "very encouraging" from the Itumbala-1 well in Tanzania, which flowed at an average 786 barrels per day from the Karoo interval with 5% helium.

Reiterating its 'buy' recommendation, the boutique investment bank said it was rebasing its price target to 3.44p from 5.30p to reflect the Colorado acquisition and issue of stock in a £6.4 million fundraiser backing the deal.

https://www.proactiveinvestors.co.uk/companies/news/1054883/with-helium-demand-set-to-double-here-s-four-london-stocks-to-watch-1054883.html

I can't work out if I have my figures wrong for the gas in water after reading the BB, or that return on the last raise...

But what a stinker, not until after the 1st results do they tell the market they were flowing water, and the B Star negotiations must have been going on for months, probably as soon as as Itumbulas 4.7%

So another raise if they continue with Tanzania..

But He1 goes on, so plenty of dilution, smart money dumps and pumps, and maybe a good annual trading opportunity for a few more years..

@Chesh

9,498 litres to mcf ?

@Tro, I was just looking at the BB, people are still pumping the rate as something big

I am totally confused, I must have my figures totally wrong,

Lol. muscles, :)

666 per day

@Swissy....

Have I got this wrong ? 200cfd,

"Over the five-day test period, the well flowed an average of 5% helium (uncorrected). "

"The well was initially choked to 20/64ths and flowed for ~22.5 hours with an average flow rate of ~688 bpd of fluid. The well was then choked back to 22/64ths and then flowed for ~16 hrs with an average flowing rate of ~786 bpd of fluid."

700 bpd, at 5% =~35bpd helium

1 Oil barrel = 5.65 cf

So I believe thats about 200cf/d

Thats 5 days to produces 1mcf

Odd, must be grades FOMO, and people not working out that flow rate...

Has anybody come up with 200cfd, do I have it wrong ?

"Over the five-day test period, the well flowed an average of 5% helium (uncorrected). "

"The well was initially choked to 20/64ths and flowed for ~22.5 hours with an average flow rate of ~688 bpd of fluid. The well was then choked back to 22/64ths and then flowed for ~16 hrs with an average flowing rate of ~786 bpd of fluid."

700 bpd, at 5% =~35bpd

1 Oil barrel = 5.65 cf

So I believe thats about 200cf/d

Thats 5 days to produces 1mcf

the helium springs gave 10% at surface

@Tro, have you seen Horults post about ALL..

Is it a bottom ?

Just raised $8.2m, in return for possibly $10m over 5 years, thats 4% per annum compounding ?

Tai-3 hit the highest price during drilling just before poor news..

Its just done the same, pumped so the smart money invest profit in the placing... pumped to 2p, discounted 1.1p, nice ...

So they have been flowing water as suspected, and sounds like final tests will be combing basement and Karoo flow rates..maybe

"The Company has now moved to the Basement to continue the EWT at that interval, including OPENING UP THE WELL FULLY to obtain a maximum flow rate. "

Just raised $8.2m, in return for possibly $10m over 5 years, thats 4% per annum compounding ?

Tai-3 hit the highest price during drilling just before poor news..

Its just done the same, pumped so the smart money invested profit... pumped to 2p, discounted 1p placing fooookers

Auto correct ?

I thought it would be fluid, always hinting, but never giving a clear picture..

1st question,

When they quote natural gas in boEpd , thats a standard equivalent, but He1 are quoting fluid flow in bpd rather than quoting mcf, so blurring the helium flow rate, they are the experts so must know..

2nd question,

Rather than give a rate for just the basement, are they going to combine that zone with the Karoo fluid flow rate, ?

"The Company has now moved to the Basement to continue the EWT at that interval, including OPENING UP THE WELL FULLY to obtain a maximum flow rate. "

Q3

Will they give results for basement only ?

Q4

USA?

I thought it would be fluid, always hinting, but never giving a clear picture..

1st question,

When they quote natural gas in boEpd , than a standard equivalent, but He1 are quoting fluid flow in bpd rather than quoting mcf, so hinting the helium flow rate, that are the experts so must know..

2nd question,

Are they going to combine the Basement and Karoo fluid flow rates, ?

"The Company has now moved to the Basement to continue the EWT at that interval, including OPENING UP THE WELL FULLY to obtain a maximum flow rate. "

Q3

Will they give results for basement only ?

Q4

USA?

Whose are those , that got nothing, for falsely, and publicly claiming Iraq had weapons of mass destruction, resulting in many deaths

Whose that guy who was signing off American funding for that Chinese lab, leading to a pandemic, and got no sentence

A 53-year-old woman who lived a “quiet, sheltered” life has been jailed for 15 months for posting a comment on Facebook which said: “Blow the mosque up with the adults in it."

Sounds like its best to do, rather than just curse

Char's placing was dependant on voting 13th Aug, so there are placing shares to flip during the drill, those shares probably sold into any rise that would normally attract traders.. Put me off buying

Panr shouldn't have that issue, but how much will it rise, ?

Thats why I am coming to the conclusion, you need to buy close to placing price, hold while fully funded, and have that transformational carrot dangling.. even better if the placing is a bottom,, and get out when you have a happy profit...

If you did that from day1 with He1, then you would have made way more than if Itumbula is successful

Sure could. and that 10% increase helps the likes of SSE,, who already make a good profit, £2bn in 2023

So that 10% is going towards a bumper return..

But if we pay an extra £100/m the Gov gets £5/m extra, plus the extra tax from SSE profits...

Greed