Member Info for DropD

Jc - I disagree. Inez result is very important. If positive flows and He% it confirms that the southern dome is open for business. That will be a big deal

Didn't think I'd get another chance to buy at these levels. Have done so . Thank you dumb sellers!

Remind me, is it Adam who's got those other wells which it has been suggested HEX could bring into production?

Excellent contribution, thanks andypaps

Likely progress updates on production facility and possibly pipe-laying from initial wells... Could possibly be info about location and timetable for well #5. Maybe our new Chairman's getting busy in the background...

Well $4m projected pre-tax cash flow per well at $500 / mcf makes HEX potentially enormously profitable and cash generative (assuming wells 4 and beyond match the performance of the first 3). Any price achieved above $500 - and it certainly looks like that is likely for numerous reasons - adds straight to the bottom line and the financials become even more attractive.

... large what-look-like sells over the last couple of days, incl. one near close today. All been absorbed without impacting sp. Good sign!

I did a Google search for 'where is helix rig 6 montana'. Google AI came back with 'Helix Rig 6 is located at the Rudyard Project in northern Montana, specifically at the Inez #1 well location.'

Do I see some suggestion that plant/ rig etc for Inez #1 flow test etc not there yet. I thought it was due well before now and that we'd be getting results any time now?

Is avanti actually producing anything yet? I'm finding it difficult to tell, but it doesn't look like it.

Cj - could it be mms have taken price down to let their chums at GSA buy back in, but at below midpoint so they look like sells?

And anticipating this could be a good week for HEX. May get Inez #1 flow rate / He% results (Co. is already referring to it as a production well), which in turn will help with updating resource estimate. Hopefully hear about well 5 too. And I wonder if Co might do a 'meet the new Chair' event of some sort. He sounds like a very interesting, experienced professional with great ambition for HEX.

BB - I know bagzzz is a total whazzzock ... but Nano's post is excellent and should be shouted far and wide!

Interesting ... 'Site prep in full swing at Inez #1'. Is that correct? As far as I'm aware we don't know the flow rates or He% there yet, so not yet officially confirmed as a commercial well. Perhaps they've let the cat out of the bag!

So LLoL, if flow rates and He% in wells 4 and 5 are around that of wells 1-3 do you not think Bo will seek to maximise production from them asap? ie at a rate which will generate $4m profit before tax per well (or more)? Why wouldn't he - that gives him the funding to rapidly add further wells. There's been nothing in anything Bo has said to say they'll be doing anything other than going flat out, and that is what they've been doing since ipo.

I seem to recall what seemed like a relentless seller a few months ago when sp was around the 14/15p level. Sold millions. Must be regretting that big time now. I'm very much hoping the current seller will have similar regrets over coming weeks.

We know that a good case can be easily made for a market cap of around £100m (sp over 50p) with the intended initial 5 wells producing - potentially in the autumn. And that cranks up with every additional producing well.

And there are multiple drivers which mean that could be a very conservative estimate.

Excited now to get the flow rates and He% from Inez #1 and we may also then get Rudyard resource upgrade.

Most exciting and dynamic company / share I've ever been involved with. GLA investors.

Will be a good day when that £50k seller finishes / stops. In my view that's all that's stopping HEX pushing through 30p ...

I think UT at 27p at end of trading is a good thing?

Not flashy, just getting the job done as planned and indicated, faster and more economically than anyone else could have done it, every day closer to production, sales, profit, expansion ... Well done Bo and your great team over there.

... looking forward to around 10 wells in production. That could be $40m pa pretax profit. At p/e of 5 that gets Trek close to his £1 per share valuation. Say half gets given back as divs, that could be 10p per share pa. I'd be v happy with all of that!