Member Info for dai2belts

@Legal, I guess you dont have a position on He1 at the moment, if you did and you were worried you would be wanting 9.5-10p to get out, so would be quiet ?

As with the sheer reluctance of He1 to talk money, along with BB funding mania, those who got in from 4.5p up will be jumping ship banking a good profit....

Plenty of sarcasm in that...

We should gang up, trolling. Just need to know when Legal decides to go all in on the fund raise lol

Lol, PRD has been an education in raising, just before drill, after drill for next, at TD, no headroom, no voting, changing plans by moving testing further away..

QEDs, intention to raise more from pi than II

88e, only raising from existing holders

Plenty of others doing accelerated raises, with OO to follow

No headroom ?, they have not raised this year, confused there...I dont know enough

Your synical is the best option, if they can announced a show at 4.2%, thats huge.. DM announced 2.2% but it only persisted at ~1%, 2.2% was a sudden gush that did'nt hold...The company are still quoting it, its 1% in my book..

In the interview Lorna said the wire-line logging cant tell what gas is there, then went on to sending the sample off..

Fair enough but DM announced 2.2% helium, if the gas tester was calibrated it would stand, so they can do on-site analysis, enough to announce a show, matched with formation logs a discovery.. But she said they could announce "something"... Mixed messages..

The wire-line can detect hydrocarbons and water, the butterfly effect.. So I guess if they sample helium, and dont detect hydrocarbons or water adjacent to the reservoir its looking good..

https://www.linkedin.com/pulse/butterfly-effect-oil-gas-hasif-syazwan-shamsul

Its unlikely there will be a drill until next year, there maybe a small raise to cover production testing, there might be a large raise, a series of small raises.. Its open book until they see that opportunistic moment... No point in asking the ins and out of raising because nobody here thats cares to post is an expert..

There will be a raise, and thats it.. your either going to get caught or your not..

The cost of the rig it will be in the financials so eventually public info, so everybody interested in leasing that rig will know, so a lame excuse..

88e, are doing a £6m discounted raise, its only to their existing holders, will be interesting to see how it fairs

The cost of the rig it will be in the financials so eventually public info, so everybody interested in leasing that rig will know, so a lame excuse..

88e, are doing a £6m discounted raise, its only to their existing holders, will be interesting to see how it fairs

If you go back to phase 1, He1 said they could announce a discovery...

"if we're able to identify reservoirs with a seal above them and that's adjacent to a helium show then we have what's called a helium discovery"

So reservoir with seals and show,

Suggests, Not reservoir, show and sample...

So also suggests they can

announce a show, then raise before logging, (similar to PRD that announced high gas pressure, TD and raised)

announce a discovery then raise before sampling

Raise before appraisal

What we dont know is if they will be logging the formation while drilling, before wire-lining

There is nothing to stop them buying shares, a BCE director recently bought during their maiden drill...

Cant trust Liberum, He1 according them should be 19p soon

If there is any news for Morocco I expect it to be Expecting to test in September, which will be in expectation of October

Well that was their opportunity to get investors interested, seems they blew it on the Q&A.. from a confident sounding presentation to lots of trembling voices..Except Lorna who is getting comfortable giving spin...

Since IS was a hired CEO who owns the company, BVI registered too..

We have Noble clearly geared towards getting into production, and He1 clearly not, yet touting 12-18 months to production.. IS & DM, only last year fed us with stories of funding through off-takers/gas suppliers, and getting that Mining licence... While now focus seems to be appraisals and exploring the other two plays...

Not giving details of rig costs on the pretense of leasing contracts is rubbish, by they time they start leasing the financials will be out and it will be public knowledge unless they can bundle all the costs.. But it would give a clue to how quickly they need funding..

The question seemed to asked along the lines of production, not a 2nd exploration or appraisal pad, so was easy to dismiss, but need to listen again..

Yes, share price was doing well until Q&A, when asked about range of questions around the rig and cost, they hit politician mode, long answer no real details..

When asked about updates during drilling they mentioned Nomads, was'nt really clear whether they would announce a discovery say the goes needs to go off for analysis, now phase 1 I was clearly under the impression a discovery could be announced..

When asked about work towards production and off-taker agreements, I got the impression thats on the back burner, while they seem keen to continuing exploring, but mention 12-18 months to production, but from when ?

cagey fooooookers

Planning for success buzz word, but unlike noble sounds like no off-taker in the pipe line

Q&A

Finances, Refusing to say anything other than funded for this drill

Q&A

Wont give the cost of the rig :(

No leak, I just dont own any lol

Mines the 17th,

@PortfolioPower, Early I wrote

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According to phase 1, a 2bcf find, and $100mcf, would be break even as Tanzania's share could be up to 49%, I assume that based was based on the P50 4.2% Helium calculation.. was a 12% discounted calculation... but that stuff confuses me...so dont take my word for it..

But talk has always been 10%, multiple prospects, $250/mcf, now shouting $450mcf

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

"We see a break-even price to generate a 12% IRR of ~US$100/mcf for a 2bcf discovery", ----so I think thats using $250mcf flat

That stuff confuses me unless they got the math workings... page 27

https://cdn-ceo-ca.s3.amazonaws.com/1funjk8-Helium_One_Initiation_note_Final_14_Dec_2020_RB2.pdf

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