Member Info for dai2belts

@AP, thats an interesting comment, especially since that 2.2% show persisted at ~1% and equipment was not calibrated..

"At approximately 6:30pm local time on Saturday 19th June, at a depth of 70.5 metres, the Helium One mud logging crew detected helium in mud at a concentration of 22,084ppm (2.2%) He. The gas show is situated at the base of a 20 metres thick shale unit and persisted at >10,000ppm (>1%) He for 4-6 meters. Readings were made on the Micro Gas Chromatograph only, which had not yet been calibrated in the field."

Then the Red Sandstone, bubbles show was given as >1000x background levels not a percentage.. without the background level it tells us little, according to wiki the earths atmospheric helium level is 5.2ppm, but it would be higher with seepage..

Phase 1, I am under the impression one of the posters here got caught out with a leveraged account, we had some unexpected sizable dips that recovered very quickly.. like that tweet with the previous updates heading containing the drill depth, then people shouting no progress... Too risky for me, especially on AIM

@Porky, I assumed all your posting was to stop a margin call ;)

I have inside info that a group of vigilantes, angry African investors have taken DM hostage, no discovery no DM..
The financials have been held back because large sums are being paid to an American SFX/CGI studio after realising dubbing Max Headroom wont pass with todays Pi's.. Crux was delayed because they put their prices up...
Porky has been aware of this all along, his ramping to pay for the next Crux interview..
But dont worry the captures realise DM still needs to run the show, and have upgraded their wifi service..

Focus is often on the Tai drilling, and the rig..
One of the original sites would have tested the rig to just 60% of its rated depth.
Phase 1 was sold on 3 drills using old data, but once the 2D infill was completed everything changed.
The new infill data has moved further from the original sites, at the moment we just have to wait and see what the new plan will be.. If none of the original sites are included then I will also wonder if phase 1 was about getting the funding (£16M raised) for the main show...

FCF Yield, .
Free Cash Flow Yield = Free Cash Flow / Market Capitalization
https://uk.finance.yahoo.com/quote/SQZ.L?p=SQZ.L
https://uk.finance.yahoo.com/quote/SQZ.L/cash-flow?p=SQZ.L

EV/EBITDA
https://uk.finance.yahoo.com/quote/SQZ.L/key-statistics?p=SQZ.L

@CaneToad...learning like you so its all I have, could be incorrect..
Kistos, Berenberg used these metrics to value kistos
FY 2022 EV/DACF of 2.2x, EV/EBITDA of 1.5x,and a FCF yield of 40%
I have for Serica
EV/EBITDA of 18.93x,and a FCF yield of 3.7%
EV/DACF, Debt adjusted cash flow, no debt..

No He1,
https://pdfs.investorschronicle.co.uk/IC_040222.pdf

@Wyn, you only said up to keep porky off your back ;)

Thanks, links to full article at
https://www.gasworld.com/helium-one-advances-exploration-with-new-survey/2022641.article

Panmure have a target prices £6.54 Jan 31 ' 22 so even more upside, but thats a big difference from £4.55,
I am new to oil stocks, so just trying to gain some knowledge about valuing a company..
Berenberg giving two recent prices predictions, with metrics, and including the GLA acquisition has given me something to compare..
After the acquisition the update given shows Kistos has moved a good way towards 2024s forecasted metrics but they lowered their target price.. The reason at the moment is beyond me..

FY22/24 EV/DACF of 4.9lx/1.4x, EV/EBITDA of 4.0x/1.2x, an FCF yield of (5%)/45% and at a 20% discount to our price target,
latest
FY 2022 EV/DACF of 2.2x, EV/EBITDA of 1.5x,and a FCF yield of 40%

@Glib, in the H&P Initial note they have an estimate of $3m to drill and complete a production well, so might get 2 plus a 3rd for equity ;)

@Goldstringer, if thats the IG interview thats $350/mcf and less than $20 dollars/mcf opex..
So about $115m
Think that is worked on a discovery suitable to feed a 6bcf plant, and producing 350,000mcf/y
Less government free carry 16% , royalties 3%, corporate taxes 30%
Probably 50% FCF over lifetime..
Less First Year ($50M 6bcf plant, maybe another $30m( Well heads, tie ins, infrastructure, road upgrades)),

If you watch the videos on youtube you can run the transcript if its available.. reading just the text can lead to confusion, so always need to listen to keep the sentence breaks in order/context..

Page 3 for taxes,,FCF estimate
https://www.helium-one.com/wp-content/uploads/2021/03/21-03-17-H-P-Update.pdf?fbclid=IwAR2MJEEHJSTn7kmTpW2cScBlZES5EfsYj6XdvPpogMJJbHT3GcdC2SeLJ0M

@Dean, this is He1 board, porky does not want to hear about SYME ;)

Mentions $500/mcf

Have a good time, and maybe by the time get back he has been recruited to the Syme BB

@Sinequanon, unfortunately the BB is for everyone so we will have to put up with him :)

@Noob, not a clean cut to it may recover...but I agree..

100%, must be already in production.. your pulling my leg?
Time it right, and bring some luck here :)

@SGF, thanks :)

@SGF, The email would be great, but only if DBD has time...

There is a risk not mentioned in the prospectus, was reading the Big Helium post from April DBD/Adrian87...But your info would put the concerns discussed to bed..