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I am waiting for the stream of buys to role back in as we anticipate the re-penetration of the previous gas shows which should be backed up with a further RNS with additional data. Given the excitement I expect this to be the first payzone of many.
Market isn’t watching properly.
More importantly, focus should be fixed on the number of gas shows between here and TD, the more the better. I think the market will get it soon.
Share price held up well today following Friday’s strong move, and even in the face of a number of sells you are seeing an orderly market as those that take profit are met by those that continue to build a stake.
As was eluded to in the interview on Friday, institutions are actively buying as the company is yet to represent fair value.
Having drilled the same formation once before they are likely to drill faster to previous depth IMO.
With the sidetrack and new lead time priced in we can now expect multiple gas shows on our way down to target depth. 9 meters to beat.
- Gas show at 70m and 560m (disclaimer present as standard)
- Side track in low cost drill $1.2m per well, maybe 50% increase in cost
- Working helium system
- Further evidence of reduced benchmark to create an effective seal.
Not far from main targets!
Oh how beautiful the market can be sometimes, just increased my position by 50% because some don’t get it.
I don’t believe that I am the only one that can see the positives in the RNS. At $1.5m dollars a drill, a delay is at a cost but nothing that would rock the boat. A further gas show with bloody bubbles in mud goes to show that it doesn’t require much of a seal to trap this helium. Wow, huge news for me. Bigger news for the company.
Wouldn’t rule it out and the book feels strong
Unable to buy volume!
Has opened stronger than it closed yesterday. Not in terms of a shift in spread, but market makers sitting on the bid and moving higher on the offer.
Will the market invoke an RNS today through significant share price movement? Perhaps we can just expect fun and games, you betcha!
Based on reported drill progress to date, I would have them casing prior to drilling into primary target. Guesses and speculation.
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.