Member Info for Ezhik

You'll be giving admin a heart attack using them in the header :).

Well, they raised for funding production and for 2 additional wells so they should have a reasonable cash pile for the immediate requirements. What comes next rather depends on what the company plans for future development. They will need money for any accelerated development at Rudyard and money for further work at Ingomar after they complete what they are doing now. Where that cash comes from is another matter, slow and steady from production which could translate to a slow and steady growth story from Rudyard as opposed to all guns blazing, or a loan or from the market cash raise or combinations thereof which may allow them to drill like crazy 20 wells and $50m a year. Money will always be required, its the T&C's and what the money is for that are important.

RNS? tbh, I would rather receive the news that the plant is operating and has been optimised to produce a stable x number of m3 per day at a purity value of 99.xx% as opposed to a half rs'ed message that raises more questions than answers. -- or to get a tweet saying that it is all hooked up and is in the process of live commissioning and optimisation and the Co will provide an update once production has stabilised. Not bothered about details of an offtake at the stage, there is always a buyer somewhere that would take it on an as and when available arrangement until they know what production and purity they can guarantee. All good, the business has scale, has decent leaders, is in friendly territory, not a lifestyle ponzi scheme, relatively safe etc etc. Value? well, that remains to be seen upon proof of pudding.

Ooh err. profits dwindling rapido, needs some adrenalin.

Ez - looking for the syringe

Positive development, drill baby drill.

You should have just listened to me, i have said the same thing several times :). But they have only been working on them 10-11 weeks and not 14. End of September/beginning Oct start. Read the rns from 25th Sept

Heading up the losers board, lets hope its just warrant getting churned. Bit of a kick in the danglies today

Interesting sort of debate on IQ's. I royally screwed up on my 11plus exam back in the 60's much to the surprise of the teachers and headmaster so I got sent somewhere for an IQ test and remember it as 130 which was evidently quite good for an 11 year old snotty schoolboy from a broken home. The school board allowed me to re-do the 11 plus. - And it went downhill from there!.

Ezhik - still looking for lost marbles.

Yes, the flow back rate is something I was interested in and at those figures it is encouraging. 500 then it would be a worry.

Dan the man, TWK is just playing with you mate, his SOH is actually amusing providing you don't take offence. Call it wako banter.

Ezhik - sharpening the pencils.

@mukka. it's a bit catch 22. If I were interested in a supply I would want to know how much can be guaranteed as a reliable He supply is in many cases more important than the price and I would want to know the purity. Hex need to run the plant, run the wells, possibly individually and collectively to 'test' their performance, tweak the plant to obtain the optimum purity and then come up with an offering to the He market, that is if they actually want a long term agreement. TBH I'm not particularly anxious about the offtake agreement at this point, there will already be various parties interested but IMV reliability and quality are the key components for a long term agreement. At a pure guess, 3 months to prove it all and in the meantime sell from the wellhead on an ad-hoc basis. It's just an opinion but I'm not expecting much to happen with the Sp once the long awaited news arrives. I've said before, this could be a good long term business 3-5 years if it proves up ok. Ingomar plus the possibility of H has the potential to move the dial more rapidly as Ingomar was the original reason to exist. Rudyard came along and has been the saviour but its not exciting.

Oh well, tried to sell on the bell but no chance. It was absolutely obvious that the price would tank on that rns. 'safe and efficient' not quite the same as outstanding flow rates of 2000bbls of fluids per day. Should have cleared more than 40% in the time they have been flowing i would say.

I used to have 5kg of potatoes under the sink, I counted them and there were 20 potatoes in all, I used most of them last week and bought a few more from the Manymash food market. I put them with the others I still had and weighed them all and found that I still have 5kg of potatoes but when I counted them there are only 12potatoes, how can that be? it's not fair is it, I had 20 but now i've only got 12, that's just not right, bl**dy Manymash, its always the same with that bloke.

Well done on your first post, very funny indeed. That is assuming it wasn't a genuine question.

Naptha, we need something to help prop up the dwindling SP, an unexpected good news curved ball would be handy to go along with excellent drill results. 5p seems like a way off at the moment.

Erm, think you have missed something old chap. By the way, its December 2025, in case you missed that too. FWIW, do the most basic of research before asking a question on this bb and making yourself appear stupid.

Frustrating as hell. Admin need to get it sorted asap.

This could be very big in time, high risk, high reward with risk reducing as time progresses. All they need is a spot of luck with a decent sustainable flow with no formation water. Just added a couple more this morning.

Ha, Aim will have to do a lot of buying to get his 2m back innit.

@99 I dont think that you read/understood the point of lottie post, but that's your problem I guess.

Cap'n. Thanks for the reminder about that report that I haven't read and know that I should have but forgot!!. I was reading the Hex website with the resource estimates just now and trying to put a value on that was proving tricky without any 'proof of the pudding' in terms of real sales $/M3 or well depletion, reliability of offtake. So to save the brain ache, I'll go with that!