Member Info for deepbluediver

thanks ST. seems straight forward enough.

@ SGF
I exited FAR this am @41.335p at 8.04 am, and transferred them to HE1, its not a lot but every little counts (£8k+) .... I will come back into FAR once we settle on HE1 (i did leave 1 FAR share to monitor movement). Waiting to US shares to open to liquidate further, exciting day yesterday. ;)

thanks Glib
i heard that too - mineral rig rather than E&P rig being used. To be transparent, i actually don't know anything about mineral rig so its hard for me to comment on what it can do and what is usually done. When i spoke to my ex drilling team who are still on the ground (but has only used mineral rig for light intervention, never for drilling), they too were not sure.

Entire depth as core sections is wonderful (crazy amount of storage though!) - I actually have quite a lot of core sections at home in my garden from past days of drilling.

Dai, good morning
Just listened again over coffee this am:
DM said -
1. we will be able to report on certain thickness of gas column
2. if we can sample that gas, we can report on the grade of the gas column too

grade: https://www.boconline.co.uk/en/contact-and-support/technical-advice/speciality-products-advice/purity-grades-concentration/purity-grades.html e.g a 10.0 = 99.99999999% purity.

If you are thinking from item 1 we can get an estimate of volume and tank size, you are right but it comes with a level of uncertainty not sufficient to make an investment decision for production but good estimation and better than where we are now. To firm up requires the next step which is appraisal which will give a better estimate on tank size, baffling, producibility etc if coupled with a full field model (doesnt matter whether its numerical or analytical).

On item 1 its the same too, likely further sample will be taken during appraisal. we will get some good estimate from sampling during exploration but expect contamination etc which is fine and good enough to give us a better handle to where we are now regarding integrity of data.

One item missing is coring - i hope they are planning to take some core during drilling.

Anyhow, step by step systematically is what i hope rather than rushing through and missing out on data collection.

Also great to hear 2022 is for engineering studies and mining licenses with 3D seismic planned post appraisal. 2023 for first gas (before end year).

thats fast by any standards and good to hear.

sounds like a small investment is needed this morning to go with this post.. )

Will do. Back tomorrow.

Troajan
Sounds like they're trying to throw money at ****. Rarely works. Lets see what they have to say in the ipo doc.

Where is the edit button?!!

Dai
I had to google Helium grade so I assume grade refers to purity (6.0 bring the closest to pure He), therefore a sample will need to be taken and analysed, after He shows have been declared during drilling. This is likely the limited main scope of exploration drilling being planned oversimplified by me.
You only get information (good estimates) like producibility, size and geometry, baffles of the reservoir from a systematically designed well test. At the very least, these should include a step rate test, run over a suitable length of time. Different set up.

Dai
I had to google Helium grade so I assume grade refers to purity (6.0 bring the closest to pure He), therefore a sample will need to be taken and analysed, after He shows have been declared during drilling. This is likely the limited main scope oversimplified by me.
You only get information (good estimates) like producibility, size and geometry, baffles of the reservoir from a systematically designed well test. At the very least, these should include a step rate test, run over a suitable length of time. Different set up.

Thanks Dai. I suspect there will be momentum with all things considered. Will dig into the history and revert.

SGF - yes, we are roughly on par re share volume... scary i think (amount of shares) - ive never owned a millions plus shares of any company before.... I reckon we will be fine come June, July and Aug :)

GG, Angler
I told my wife I am topping up on Roblox and Amazon (hahahaha) but buying HE1 instead. .. she doesnt know this BB ( I think) so I am safe.

Hello SGF
yes, FAR is doing great and i am happy (i am hodling it) but its pure luck for me - thanks to @bemmacolli1 for mentioning it plus seeing you and ST also invested there gave me comfort to park cash pre due dil (small amount, 20k shares only). in fact, I never did finish my due dil on FAR, as i got sidetracked a bit with this and speaking to a few people in the know: https://www.thetimes.co.uk/article/king-of-mining-ian-hannam-plots-devon-tungsten-float-lbppjmj0f

Indeed, fingers crossed for HE1, hard to see technically (science technical not charting stuff) why we wouldn't "hit He" during exploration drilling - Seis2processor's note on the BB today was spot on the money. hence my keenness to add a bit more, maybe not another million shares but perhaps ~250k or thereabouts at this price range.

usual caveats and please DYOR and don't follow me, especially this close to drilling where madness (Mine) can take over sensible thinking.

right GG, your post always coincide with me mulling whether to park a large amount (again) on HE1. with news of drill coming in two weeks or so (from when the newsletter was issued), perhaps its time to adjust my pf and do the needy.

your buys are not so different than mine: 4.5p, 6.2p, 8p++, 12p++, 18p++, and 20p++.... good stuff.

let the massive buys begin!

DYOR

third para
"This leads us, of course, to the biggest news for HE1: all activity thus far has been to prepare for our maiden drill programme and we are pleased to say that the rig has finally arrived on-site. We are enormously excited for drilling to begin in the next two weeks. "

best news in BB... thanks Myoung

Yea i saw that too yesterday. Trades (sells and buys) for less than 5 shares. Odd indeed considering the transaction fee (£3 on IG for example) for those is higher than the share costs itself. Maybe its our resident troll or a trader?

thanks Glib. thats some drawing you have there , I am trying to follow and understand them. Appreciate the link (as always) and please keep sharing them.

many thanks Joshwaa... I will attempt to redraw!

Joshwaa
quick question - am i correct to say we havent broke the bull pennant discussed on the BB last week? I attempted to copy the drawings from the BB and notice we are still in the pennant (based on my crap attempt at drawing of course). thanks in advance.

Thats the spirit. I will join you and pick up a few too.

am just going to shadow Seagullsfan therefore just bought 5000 shares this am (no due dil yet) - placeholder shares. Following him and ST seems to make better investment for me than my usual method and saves time too - more time to sip beer in the garden on a sunny day. ... thanks chaps.