Member Info for dai2belts

He1

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

big short investor

https://www.youtube.com/watch?v=0Oh86Urih30

@Tro, It might be your year, watch QED, if funding is announced with no mention of MSC, you may get an opportunity to double up..

Drilling phase., I mean drilling of their 1st well, just before starting testing

Lorna vs JM,

Lorna's a fast worker, in roughly 6 months..

On a Friday put out a Bad news Rig announcement that crashed the share price. Monday morning another rig arrived, part of 17 truck loads of gear, after travelling 1600km.. That will have taken weeks to arrange ? Anyone with inside knowledge will have known the rig was on its way..

Later they announced being fully funded when announcing both their financials, and completion of their drilling phase, then shortly after prematurely announced to market the requirement for contingency funding to ensure completion of the next drill after spudding. At the following AGM were happy to show Junes cash in the bank. With no trading halts on AIM the price dropped from 3p to near 1p while funding was being arranged. Well its was a full blown funding, at 72% discount, . The raise took the shares in issue from ~ 950m to 3.4bn.. wiping out the LTH who probably held expecting a top up...

I think the share crashed 50% from 6p-4p on the Friday Rig update, hitting +10p on the Monday, . Low of 0.19p after the raise and touching 3p at the moment, ..

So from 10p with a £950m MC to £2m MC, to £100m MC at 3p...

I lost playing He1, so its great to see Tro win so handsomely, :)

@KevR, fund raise next, and then testing again...

I am not sure but I think they have the same results as Noble, fluid samples but in this case the gas phase was occurring as the sample neared surface..

I am wondering if at higher water temperature there's more helium.... and maybe as it cools the gas escapes,

Reverse is to clean out the conduit

https://www.rigworker.com/operations/drill-stem-test-string-design-concepts.html

Wow, It did x17 0.2 to 3.5p, x14 from 0.25, which would not have been possible without wiping out the LTH

Mmmmmmm, make you go Mmmmmmmmm

If they raised at 3p, they would have issued 200m new shares, talking the shares in issue to about 1,155,786,430

MC hit £119m at 3.5p this morning, so ~10p/s just x3..

@Tro, your only bragging because your being encouraged...

Paragraphs missing

Twitter, He1 talking production, but not saying from Itumbula results,,, ;)

Now bubbles in the mud flow to surface...

They said the gas flowed to surface following reverse circulation, that suggests to me it was aided by fluids, but I don't know, any ideas? Is following actually during ?

"When performing the Basement DST, high concentrations of helium began to flow to surface following reverse circulation"

Two paragraphs are used to describe events. The 2nd paragraph, if related to the 1st and not independent suggests they were circulating fluids which produced a gas phase while ascending... So would suggest they have to process water to produce helium... But they talk from a gas perspective, describing helium(a gas) rising through the well before mentioning its being carried in a fluid before escaping...last sentence..

The Company identified three zones for well testing, and upon completion of each DST, all three zones successfully yielded downhole gas samples. When performing the Basement DST, high concentrations of helium began to flow to surface following reverse circulation and yielded a compositional mix up to 4.7% helium, .............

Two subsequent well tests were carried out across the fault zone and yielded similar results from the downhole samples which were evaluated in the onsite field PVT laboratory. The Company has identified that the frequency of helium increases with depth and is preferentially carried in hot fluids out of the Basement and along fault conduits. As the helium rises through the well bore, the pressure decreases, and it is thought that the helium then comes out of solution and increases in concentration.

Normally you discuss the tests finding, but they switch to company theory, taking you away from the actual testing....

2 days testing, 5 days crafting update

Do I have it wrong, ?

Well Tro, are you still bitter , lol

Twitter, He1 talking production, but not saying from Itumbula results,,, ;)

Now bubbles in the mud flow to surface...

They said the gas flowed to surface during reverse circulation, that suggests to me it was aided by fluids, but I don't know, any ideas?

"When performing the Basement DST, high concentrations of helium began to flow to surface following reverse circulation"

Two paragraphs are used to describe events. The 2nd paragraph, if related to the 1st and not independent suggests they were circulating fluids which produced a gas phase while ascending... So would suggest they have to process water to produce helium... But they talk from a gas perspective, describing helium(a gas) rising through the well before mentioning its be carried in a fluid....

"The Company identified three zones for well testing, and upon completion of each DST, all three zones successfully yielded downhole gas samples. When performing the Basement DST, high concentrations of helium began to flow to surface following >reverse circulation

Leak being shouted for FAB

I disappeared for 10 minutes, thinking its consolidation around 2.3, and thought wrong again, missed out there..

They never said, they leave so much to interpretation, .....

Price is moving again, is there an interview out?

Trouble with this game, there has to be losers for other to sell those highs...

So easy to buy those highs if your continually getting NT from open, when you get a quote you hit buy, then think sh it spiked.

Now I believe those MM don't need to report Tr1 thresholds, and investment companies can trade their own accounts, since they are both the same. I doubt they get NT

Looks like the MM is locking people in, maybe not bid has finally moved above 2.4p

Interesting they talk about the fault zone(singular), and two tests, while they showed two faults at the AGM.. then far down in the RNS they mention lake beds and the shallow fault zone..

Tai-C they gave values for the fluid samples, this time they don't

No detail other than the 4.7% flowed from basement... so much missing

Lol, your second sentence was off screen..

Will it be 70% discount again....

How did you read that RNS, if you wanted to be clear you would define the values for each zone...

Geothermal powered production facilities is just a forward statement to spice it up...

@Horult , funding is Wolfes job ;)

So looking at the RNS

Zero down time due to hydraulics, so was there down time ?

Not sure how you can reduce down time by 350%, especially if there was no down time

No formation data, reservoir heights, or show intervals in metres.

No specific values for the 3 zones or faults zones

No flow rates, they said it flowed to surface

First read through I got the impression it just started flowing while testing the basement so they tested the faults, then second read it was the basement that flowed,,

Couldn't figure if the faults had 4.7%, or similar to the other zones, ?

Couldn't you get +3p, Mmmmm I guess the MM was unloading their books, where they got carried away making the market. lol

particularly lib..