Member Info for dai2belts

Cynicism Rules on He1 lol

The values, taken from drilling in the past, quoted against background levels were way way below that 4.7% result.. So it could be that the values are higher like for like,

"twenty times above background"

since they did'nt define background in soil, then atmosphere is 5ppm

so 100pm is 0.01%

But could be they have 4.7% plus 5% who knows with Lorna, giving time for the city boys to load up before the big result,

Could be that 4.7% was like DMs bubbles at 2.2%...

26th, until 5th Aug, 11 days to drill 168m, thats real slow going

@Kev, lol, you need to do some studying and charting

So Hex, that old well flowed :-

5600mcf/d, of gas, but maybe only 1% Helium, if any at all..

so 56mcf/d , at $500mcf, thats $28,000/d

He1, derived 0.5mmcf/d, sounds a lot but is 500mcf

@4.7% helium is 23.5mcf/d

23.5x$500= $11,750

Now with all the hype on He1, I must have those figures wrong,

If that old flow rate stands, Hex could flow 56mcf/d at 1%. while He1 derived rate 23.5mcf/d at 4.7%..

Unless I have confused those numbers then, He1, if they have no reservoir to tap with multiple wells, looks very expensive compared to Hex

HEX, flow rate from old well 5600mcf/d

HE1, flow rate 0.5mmcf/d, or 500,000cf/d, or 500mcf/d

Hex, 2x II

HE1, 0 II

Have two II Oberon ~10% , and Edale ~ 3%...

Wish we knew their plan, if they start selling before results speculation will be on bad news..,

@Deep100, not sure if I am confused, as I thought P10 meant there was only a 10% chance of a grade, while P90 was 90%...

And Hex say for Helium....

P10 =0.88%

P90=2.2%

Not sure about their claim go 0.5% being commercial, and supporting a £20MC, I guess that depends on the number of wells that can be supported

5600mcf/d previously flowed @1%, is 56mcf/d

56x$500=$28,000

$10m/year

I wonder how many bought GEX to switch across to Hex if the prices matched, a canny way of getting into hex from 13p,

@Kev, Mmmm, not sure about people not liking the wait as there is a 2-3 week safe zone to trade He1.. If the 1st zone results are not good I doubt they will be released in advance of the 2nd.

@deep100, Unlike Lorna DM said they were obliged to release significant numbers, ....

that includes shows while drilling, column heights while wire-lining..

I believe a show adjacent to a trap & seal is a discovery..

Should create a lot of FOMO before flow testing

Interesting, they did'nt give the date they reached TD, so may have been there a few days, analysed the results and coded to withhold the numbers..

So many people spiked buying high 1.4s, 4th time too

MM(lib) gaps up, off-loads book 1.5 down to 1.4p, after NOMAD(Lib) giving heads-up on RNS review before release ;) We know that doesn't happen, ever

I remember He1 talking about £5..

Anyone clued up on Hex, when drilling is supposed to start and how long ?

We missed out there though...

Again resistance at 1.5, not sure about buying any dip, as I couldn't sell last time..

Any thoughts on what significantly higher means, I guess 5% higher is significant which would be about 0.235, so about 4.9%...but wouldn't sound as impressive as significantly higher.. but if there was a big reservoir it really would make a big difference

Numbers withheld though ?

Lol....

Ftse100 has turned green,

Need to watch the futures markets

Odd the the ftse 100 ticker appeared to be updating throughout

Seems massive delays in reporting trades here, and I can't tell if my lives prices have stalled, not a single trade showing after 15:39....

Oh just started updating, after nearly 50 minutes, renewed my broadband connection about 20 minutes ago...

Volatile markets and blind to prices changes, not good

Typical I recently took up a few positions for later in the year, odd this happens after achieving market highs

If the US goes into recession then its going to have knock on effect I guess..

But there is so much going on in the world at the moment, it could be anything..

We had a global sell off a while back the the US house was about to default, and kept stalling the signing off of the funds/borrowing that were required to to stop it.. That was a crazy time on the US markets with lots of wild swings..

What are you thinking ?

Some AIM stocks recovering but FTSE 100 is down 3%.. Mmmmm

Need to see what the US stocks do