Member Info for dai2belts

You should read my thoughts on the He BB, real speculation..

I can't see how the slow tick up is being pushed by buying volume, and every so often somebody gets a good price to sell for that interval.. Plus the £100k trader maybe be back, if its the guy with the impeccable timing, that trade was 26hrs into drilling..

5.62 just gone through, volume stepped, suggest 1x large, and smaller, I suspect a sell, but cant get near the price buy or sell. yet again..

The longer they take the more chance they are stopping and looking.. After phase 1, if the hole is good and there is a promising show maybe its worth testing before moving on ?

First show at Tai-1 was at 70m, since they recommenced drilling 14:00 BST Sunday, they would have been way past that yesterday afternoon.. Has me speculating about that £100k trader, and that 2m trade yesterday afternoon...

Has the £100k trader with the perfect timing appeared..Late print today...

At yesterdays listed prices, this could be a buy..

16-Oct-23 16:32:46 6.0625 2,000,000 Unknown* 5.40 5.60 121.25k O

........................................................................................................................

16-Oct-23 16:29:58 5.96 21,900 Sell* 5.90 6.10 1,305 O

16-Oct-23 16:29:42 6.0385 16,494 Buy* 5.90 6.10 995.99 O

16-Oct-23 16:29:33 6.0385 49,615 Buy* 5.90 6.10 2,996 O

16-Oct-23 16:29:27 5.95 11,486 Sell* 5.90 6.10 683.42 O

DELT close to or new low

He1, ticked up, absolutely no volume to support it during the previous 35 minutes

Odd that 233k trade is on the chart 13:10-15

That tweet was posted on the BB at 13:01...looks like it encouraged some buying ?

17-Oct-23 13:25:14 5.584 233,022 Buy* 5.40 5.60 13.01k O

17-Oct-23 13:05:22 5.55 37,427 Buy* 5.40 5.60 2,077 O

17-Oct-23 13:05:10 5.575 141,399 Buy* 5.40 5.60 7,883 O

Looks like the He1 £100k trader stuck yesterday, late print today..

16-Oct-23 16:32:46 6.0625 2,000,000 Unknown* 5.40 5.60 121.25k

So He1 a pure play helium explorer over lapping with a hydrocarbons company..

Sounds complicated, maybe He1 will have to drill assuming they could encounter hydrocarbons, and then the rights to that oil/gas may belong to TPDC...

Interesting, somebody paid over the odds on a large trade, so almost £1200 down on what looks like the latest bid, 10.795p

17-Oct-23 11:56:26 10.795 100,000 Sell* 10.50 11.25 10.80k O

17-Oct-23 11:38:57 10.92 40,000 Buy* 10.50 11.25 4,368 O

17-Oct-23 09:56:45 11.25 265,000 Unknown* 10.50 11.25 29.81k O >>>>

Market capitalisation of £21.40m with 250bopd

Would you expect more ?.. but with 950bopd could be plenty of rises while waiting...

So 900bopd, but rod pump will hopefully achieve 2550 bopd, later rates expected to be increased using an electrical pump ?

Based on these excellent reservoir properties and the light oil recovered, standard oil-industry analysis indicates that an initial production rate in excess of 900 barrels of oil per day ("bopd") could be achieved. Higher rates of production have been achieved on historic wells in the area.

· Following perforation and acidization, reservoir clean-up operations commenced on Friday 8 September 2023 and since that time the well has produced a mixture of oil, gas and drilling fluids.

· Given delays in the programme the drilling rig must now be released but clean-up of the well will continue on site.

· Commercial production is expected to commence from the well aided by the installation of a rod pump which will have the capacity to deliver up to 250 bopd. This will not require a workover rig. It is expected that once the well is fully cleaned up and this rate has been achieved, the rod pump will be replaced with an Electrical Submersible Pump ("ESP") which has higher capacity.

Clean up of well, then pump installation..

Likes like price was pumped before risk of bad news,, how often does that happen ??

BCE, looks to be dropping while waiting for the flow rates ?

Are things taking too long ?

Mike said they would case the hole ready for production testing if a discovery was made.. I guess that is an on site analysis rather than waiting for independent confirmation.. So would'nt all the gear to case and cement will have to remain until they finish... ?

Not sure if the buyers are returning..

Displayed Ask has ticked up too, on little volume, but not bid..

live 5.435/5.57

Any news needed for it to bounce, or is it a surprise bouncer ?

Bloe

Today,

https://invst.ly/11rqa0

17-Oct-23 10:55:44 1.00 250,000 Sell* 2,500 O

17-Oct-23 10:53:29 0.976 170,000 Sell* 1,659 O

17-Oct-23 10:29:06 0.976 75,000 Sell* 732.00 O

17-Oct-23 08:50:58 1.0625 70,213 Buy* 746.01 O

17-Oct-23 08:08:13 1.04 300,000 Buy* 3,120 O

17-Oct-23 08:02:31 1.00 500,000 Buy* 5,000 O

17-Oct-23 08:01:46 0.973 100,000 Sell* 973.00 O

Bounces 30-50%

https://invst.ly/11rqaw

Looks to be a 400k buy on the chart at 11:05 ish 5.45p

Bloe, to buy the cost has increased +6% on the 1.0p buy at 8am, bids not moved at it looks like somebody sold for 1.0p 10:55am

15% spread

Interesting, sells on chart often look to be increasing in price before the drop..

So spread starts to tighten, looks to be stabilizing then it drops..

Is that traders waiting for a slight increase at their cut off, or MM enticing buyers..

I am still the dumb money :(