Member Info for dai2belts

How long will those tailing last,

Gcat, their high grades is that from tailing too ?

How long will those tailing last,

Gcat, their high grades is that from tailing too ?

When is the CPR due ?

I see both are similar amounts%,

Prem has made some 10% in a morning. ...

Well Eog, still NT to sell but a 2.237m sell has just gone through at 1.5p..

I guess that needs to be bought/sold off before the ASK is dropped and there appears little buying...

Probably limitations to the amount of shares they could issue,

EOG still NT,

JSE, delayed audited results, and today is the day, no update yet

EOG still NT,

JSE, delayed audited results, and today is the day, no update yet

Zphr, just placed at 3.5p..

Price already below, 3.463p to buy, I would image the institutions will be able to get their profit, so maybe a 15-20% blip

@Tro, I have had my finger on the sell button since yesterday, hardly any buying but price...

But price is only creeping down, and there was that big buy, 6M shares at 1.46p...

I am wondering if the buy was used to push the price up, and is slowly being sold down, or there is something brewing..

But with JV & Acquisition speculation its a great time to manipulate with big buys..

NT to sell now, but can buy although price a little lower, probably about to tick down bid,

I think the trades are submitted in batches to keep the costs down, and to get the batch submitted quicker traders also break their order up too

Is'nt that block of small trades about the size of a school class, ?

Economics class

Yep first read, nothing was going in, its all over the place...

I thought I was suffering from morning fog..

· The net proceeds of the Fundraising will be used to fund an estimated US$3.65 million of incremental near-term CAPEX at the Company's flagship project in the Paradox Basin, Utah, U.S. (the "Paradox project"). This is expected to include a production test on the Company's State 36-2 LNW-CC well (the "State 36-2 well") as well as future infrastructure and gas processing costs.

Approximately £1.0 million raised pursuant to the Fundraising will be used towards completing the State 36-2 well production testing, and the balance of the net funds raised (approximately £1.9 million) will be used for near-term working capital needs and long term infrastructure and gas processing CAPEX.

The Company's goal is to production test the well(36-2 blowout incident, I think) prior to the end of June, Evidence of high pressure and hydrocarbons in the well remain substantial.

At present, the well is static and under control, and Zephyr is in the process of pulling the 2-7/8-inch production tubing out of the hole,

To date approximately 6,500 feet of 8,900 feet of tubing has been pulled and inspected with twenty-six 31-foot joints replaced

a final cement squeeze will be performed and then the casing will be perforated across the reservoir interval prior to production testing the well.

Might be some cash back..

While the Company retains well control insurance coverage which is ultimately expected to cover the vast majority of costs associated with the well control incident, insurance proceeds are paid on a reimbursement basis and thereby impact the Company's near-term working capital commitments.

JAM

the Company may require a larger gas processing facility than initially envisaged.

other project..

Slawson wells cashflows in January 2024 (versus earlier forecasts of March 2023 and August 2023

Raise

90,000,000 new ordinary shares of 0.1 pence ("p") each in the Company ("Fundraising Shares"), at a price of 3.5p per Fundraising Share ("Issue Price"), to raise £3.15 million before expenses (together, the "Fundraising").

Https://oilman.substack.com/p/core-information

@Dobbyy, its being done in two tranches..

Page 2

https://announcements.asx.com.au/asxpdf/20230605/pdf/05qbz8f1nyrq93.pdf

Details

https://announcements.asx.com.au/asxpdf/20230605/pdf/05qbzbfb335xnk.pdf

Will He1 start a downtrend on Rig mobilisation, maybe a dip.. Same question for Spud

Matd has, So did EOG, DELT, and 88e ??

Also PRD :(

Drilling is likely to be short, around 2 weeks, then testing, and failure means a big raise, with more rig polava and cash burn...

Rig mob will be about 6 weeks so plenty of time for the traders to derisk so if there is a decline its a clue to intentions...

KevR, did you buy back into He1, or are you still waiting..

I am surprised beans is'nt pumping Nobles Directors buying $1m, whats more if you read the announcement it suggests just one director is buying...

I was going to add it to his thread, but thought thats often a price mover, soo would wait until you bought in..

"Subject to obtaining shareholder approval at the EGM, the Directors of the Company have agreed to subscribe for a total of 5,861,112 Placement Shares under the Placement (representing a total subscription amount of $1,055,000). "

https://announcements.asx.com.au/asxpdf/20230605/pdf/05qbz8f1nyrq93.pdf

Then in the presentation

"Subject to obtaining shareholder approval at the EGM, the Directors of Noble Helium intend to participate in Tranche

2 of the Placement "

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02673009-6A1152963?access_token=83ff96335c2d45a094df02a206a39ff4

Then this statement, only Mr Scott mentioned, not sure if its because he is a Chairman

"Tranche 1 of Placement (43,472,217 shares) issued using existing capacity, Tranche 2 of Placement (31,527,783 shares)

is subject to shareholder approval. The Executive Chairman, Mr Shaun Scott, will be participating in Tranche 2"

https://announcements.asx.com.au/asxpdf/20230605/pdf/05qbzbfb335xnk.pdf

Good point, and it will bounce as its full of traders, also it will still have the permit & production well to follow, if it hits 1p it could be worth holding until next year when it all starts again....

I made £1000 trading the bounce on Tai-1, the only bounce I traded believing they were going to drill again..

Pitty I messed up on Tai-2

So we have Matd, PRD and He1 dusters coming up..

Matd probably the best opportunity

EOG that large 6,000,000 trade, listed end of play yesterday. then again today printed as

02-Jun-23 16:32:52 1.46077 6,000,000 Unknown* 1.50 1.60 87.65k O

02-Jun-23 16:32:52 1.46 -6,000,000 Unknown* 1.50 1.60 -87.60k O

Well on London stock exchange it was printed as a single late trade today, so just one entry..

So I dont know why its listed on two days here, just one on the exchange..

Interestingly within 30 minutes of me questioning it there were 2 x 1,000,000 sells