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In the event of a successful drilling campaign, it is my view that HE1 will be subject to a takeover attempt similar to that experienced by Cove Energy a nearly a decade ago. What would otherwise form part of a bidding war, I just can’t see how the company will remain independent with such attractive economics and green credentials.

Plan B

Now in the worst case, IF they don’t find commercial quantities of HE from the first well, it in itself would present a perfect opportunity for those with a higher average (20’s) to average down prior to the next drill as excitement builds again. With the basin now proven to contain accumulation’s of HE, it’s only a matter of time before the scale of the block is unlocked and we revert back to a Cove energy type outcome.

Strengthening as we speak 27.5 v 28p

CFEQ want to shares.

To add, I believe there is nothing stoping them from delivering an intraday RNS, and if they have hit gas shows for a prolonged depth of 10,30,50,70 meters plus then they would slow down the drill bit and perhaps case on a more regular basis so as to get a more accurate representation of gas shows as they continue to drill which would therefore see the reported shows come after the event rather than upon initial identification.

Notice the pipes lol?

Zero reason for HE1 to post that unless they have absolute confidence.

At $1.5m dollars per well, or at 1/3 of what an exploration well would cost, I am not so sure the drill bit will ever stop turning now that they have confirmed the presence of Helium. It’s an active basin, just needs to identify the traps.

When you look at what Exxon have achieved in Guyana and Savannah’s acreage, Agadem. I can see the same happening for HE1 for its own specific play type.

Extraordinary potential regardless of when they hit, because they will.

Market makers won’t take that exposure into close as a single trade (350k shares), without confidence going into tomorrow.

With U.S. markets open, would be good to get an RNS with further gas shows.

Another good recovery today, it has a feel about it, as if the beast is about to be awoken lol.

Major accumulation evident but not your average investors.

To have exposure within your portfolio to a low cost (exploration/development), primary helium play with exposure to all that has been discussed is a no brainer.

I just hope it comes off, because it would be truly transformational on so many levels.

Volume and individual trades would imply high net worth individuals and organizations are already here and recognizing this.

Mr.S, thanks for the reply.

You could well be right, with so little players, the appeal of primary helium which makes up 5% of global supply is a massive attraction, providing multiple options.

IMO, hydrocarbon companies looking to reduce its carbon footprint would see this acreage as a must have. It’s incredibly exciting.

Option of the forth, with the 3rd and optional fourth paid for in equity to the driller. Another massive endorsement of confidence.

Compelling as the story is, with what appears to be effective seepage and traps/seals from the lower targets. What is of particular significance to me is that HE1 is the only way of gaining exposure to Helium in the UK and European market.

ESG funds are significant and growing and upon a successful outcome, funding and institutional exposure will catapult this company to many multiples of today’s price in double quick fashion.

Everything about this story is compelling, I just hope it’s an AIM success story which is predominantly backed by private investors.

This will of course be subject to a hostile approach in the event of success IMO, as the likes of Exxon will understands the strategic importance of the above. It may come down to a farm-in for an aggressive development and exploration/appraisal campaign.

With three/four roles of the dice (min), this is not without its risk. However, HE1 has already derisked the basin and a failure in the first well is not indicative of what we can expect for each play. As such a drop will be proceeded by forward momentum leading up to next results (well 2/3/4). Which in turn helps, with patience to manage any potential short term downside, if in fact it even exists.

With the drill bit calibrated to pick up on any shows, at this point, we shouldn’t expect for TD to produce the next news. It’s all up for grabs.

Book has just flipped positively again and should run into close. Serious buyers present.

Definitely have a buyer, the 250k sell was matched straight away. Looking very promising

Book is strengthening on little volume, perhaps unreported stake building

Just by clicking on your name and reading your historic posts tells us just about all we need to know about your credibility on this board. I for one worked you out within minutes of reading historic posts. I always try to get a feel for sentiment prior to my investment, your post today demonstrates your smoke and mirror agenda. It’s boring.

HSD,

The conversation was following earlier comms regarding the current ongoing phase three trial:

"The requirement for the UK Target Product Profile ("TPP") Rapid Breath Test requires 150 confirmed positive samples and 250 confirmed negative samples. Additional supervised breath test clinical trials from a larger group is expected to provide sufficient data to meet the desired and acceptable criteria in the TPP to roll out the COVID19 and other pathogen breath tests later this year."

FY results also said:

“Subject to completion of additional human trials, the Microtox BT would be expected to meet the criteria for UK, MHRA's Target Product Profile Rapid Breath Test which would enable us to roll out the COVID-19 and other pathogen breath tests later this year“

I appreciate with so much happening within the business that it is hard to keep up with it all, but we are definitely coming towards the end of the phase III trials.

HSD….

https://twitter.com/docmoschos/status/1409777768162906112?s=21

This should help verify below info.

Results ‘imminent’, samples being rerun a few days away to validate results prior to release. First few weeks of Q3 will be intense IMO.

Typos, really! Move along now, that’s a good boy lol