Member Info for Erebus2021

"To incentivize drilling and attract new exploration and production, vertically drilled wells receive a 12 month reduced tax rate of 0.5%. After 12 ... months, well production is taxed at 9%." - https://montanapetroleum.org/educational-resources/montana-oil-gas-tax-rates/

So, whilst there is a significant tax bill, Montana is supportive. Assuming the source is correct the reduced rate would presumably apply to each new well as it comes into production.

Had to work really hard to get my last topup just after 1pm today, not much around to buy, paid more than I wanted to, but decided not to wait anylonger.... .... they'd by loads off me tho. Tide turning.

Https://x.com/HelixExp/status/1942463666093261155

Is in the offing. Good news.

https://www.aljazeera.com/news/2025/6/19/dr-congo-and-rwanda-sign-draft-peace-agreement

Https://www.lse.co.uk/rns/HEX/mobilisation-of-drilling-rig-to-inez-1-uv0qadjn7ff6hq3.html

Super solid day. Way past when I would / should split …. but every time I consider this I re- read all RNS, fiddle with variables in the spreadsheet ….. and hold.

Time will tell if I’m as thick as … but it’s a hold for me atm. GLA.

I wonder if the new cash allows work at Ingomar and Rudyard to progress simultaneously; thinking of the grouse and weather restrictions - accept the need to get to cash generation asap but it would be nice to get back to Ingomar to test/re-drill by October?

Not sure how much cash Helix have at present but the extra £4.5m will give Bo more options in addition to the extra wells.

Acquisitions?

Revisit Clink#1 or drill a new well at Ingomar?

He moves fast - what do we think is likely over the next few months?

Global Helium look like they could use some cash ... sp down over 3 years from 0.3 to 0.025, about $CAN 0.5 million in cash (at Dec24), last well abandoned etc. I wonder what they could sell ...?

After a little research - the most up-to-date information I can find shows that liquifying gaseous He roughly triples it's value. So - you can triple all income figures if Helix have a liquifaction plant, as Bo mentioned in the recent interview. Nice.

Ofc there are significant CAPEX/OPEX costs to liquifaction - purchase of a suitable plant (another 'second hand' deal??) and the large amount of energy needed to get the He down to near 4Kelvin (!).......

Anyone with any ideas on what size and therefore cost such a Hex suitable plant might be? There is information available ... but the thoughts of anyone with some experience would be useful. I'm also assuming the price paid for liquified helium is significantly greater than that for gaseous - anyone with more details re. this?

Just bought at 13.7, trying to help here ….

Might even get my head above water soon .... if this continues .....

Https://x.com/helixexp/status/1894645451371995246?s=46&t=y1rQB49xJI-lQnPzsk8bmA

M23 background, BBC Sounds Global Story 19 Feb

https://www.bbc.co.uk/sounds/play/w3ct6ds3?partner=uk.co.bbc&origin=share-mobile

Https://x.com/PredatorOilGas/status/1891511844453376109

FT Article today - behind a paywall but here if you have access:

https://www.ft.com/content/97270930-fe2d-415a-a468-ed5cf838575f

The article decribes a lot of kickback against any cap with a great quote from Amund Vik, former Norwegian state secretary for energy; “Fixing a wholesale market price cap is not going to solve that when the underlying problem is the lack of energy.”

Now, where the heck do we get a load more gas easily into Europe from?

Https://www.youtube.com/watch?v=QyGhWE-pHmY

The RNS'd results from Mont Agoma are encouraging - and as hoped for, showing potential for this to be a great asset, more results due soon from Mount Agoma. The tin grades here are not great, hence a possible negative market reeaction incoming, however the results are similar to thouse from Mpama South, so porspects are good.

Results are due this month (according to RNS) from the pure tin play at Kalayi Prospect. This is a pure tin play and the tin grade really needs to be higher here ... the signs are promising, but we will have to wait.

Just setting the alarm for Monday and Tuesday at 7am. Might need to cancel Tuesdays ....