Member Info for Ezhik

Hey, P1234. IMV if they acidise, it will prob be in 2 phases. Initial flow as-is and then acidisation. (if they are doing it at all), A.N.Other company drilling in Paradox ( ticker not included) found a significant increase after acidising to remove the localised well damage often caused by perforating guns. Cant recall the % improvement but it was sufficient to warrant it. Bigger flow of course means bigger volume so in QHE, the amount of He will increase incrementally with well flow (obviously). Looks like a top up coming.

'Bottoms up'

Ha. That was my reaction. Must be confused with drilling the plugs. -- A bit more research needed Agent 'S' .

Maybe profit taking after the vastly oversubscribed WRAP event. Each to their own but seems a little early to sell out before the next results.

Troajan, is that blooooowoohoooo ? or just blue --- or perhaps some green shoots of interest emerging.

Aren't sanning coughing up the $ for the initial 13m to get to the stage of appraisal and whether its worth further investment?

Gym? you want to kill him off then!

Remember PEX anyone? King of the socks? re-invented as an expert oil and gas explorer.

Pugs. HEX Yes, HE1 No. Likelihood of earliest gains are perhaps here in QHE, bit of a gamble but so far so good. Maybe end of this month-mid-May for this test which should see a decent SP hike--however, what should in theory happen and what does happen are sometimes a mystery. If you're new to all this then good luck, if you've only changed your ID and been around a while then you should already know the score.--and good luck anyway.

Ooooohhh that's better now.

Looks like both options are under consideration. Existing Lisbon Helium plant with currently unused pipeline running to Sagebrush -- and on site processing ( likely to be as per HEX with PSC plant as per P1234)

From QHE Website (complete with Typo for Lisbon spelled Lison in their blurb ) "The Sagebrush project includes midstream and upstream infrastructure available for helium and natural gas. An existing pipeline joins the Sagebrush/Coyote Wash areas to the Lison Helium/Gas plant, and while the Colorado section is currently not in use, it can be reactivated.

Quantum Helium has also been assessing options for surface facilities required to process helium once production is established. Initial reviews of plant design and fabrication timelines have been encouraging, with no technical impediments identified. This early work is important to ensure that Quantum Helium can move quickly from successful well testing into commercial helium sales, by aligning subsurface development with a practical and scalable surface solution.

Agreed there P1234. opening up old wells can be a risk, mainly corrosion related. - can move forwards now.

Magpie. Something to read and compare. I have no views or comments either way. Copied From Zphr rns 2024 - has some relevance to Salt wash and Leadville - currently on hold.

Salt Wash helium project update

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations is pleased to provide an update on the Company's proposed farm-in to a minimum 75 per cent working interest in a 1,047-acre leasehold position in the Salt Wash Field, a previously producing asset with proven oil, gas and helium reserves located three miles to the south of Zephyr's Paradox project in Utah, U.S. (the "Salt Wash project").

As announced on 18 October 2023, the Salt Wash Field has a thin (15 feet) oil rim, above which is an inert gas cap (approximately 500 feet of gas column) which consists of approximately 72% nitrogen 22% hydrocarbon gases, and 1.4% to 1.7% helium content. The field historically produced 1.65 million barrels of oil and 11.7 billion cubic feet ("BCF") of gas prior to its abandonment in 2014, at which time the oil rim was largely produced and the market for natural gas and helium was not supportive of continued development.

The decision to farm-in to the Salt Wash Field was undertaken to increase the Company's oil and gas resource potential, and to achieve exposure to the U.S. industrial helium market (which has seen recent helium prices rising up to US$1,000 per thousand standard cubic feet ("mscf")). The field has an already discovered, proven helium resource in the Leadville Formation, with further opportunity for upside through three deeper helium exploration targets which have been successfully proven in other nearby fields in the Paradox Basin. The Company's board of directors (the "Board") notes recent market interest in helium-related companies and believes that the economics for the Salt Wash project are attractive for the helium content alone, notwithstanding further upside from oil and gas development.

The Company's management forecasts the Salt Wash project to include:

· Net helium discovered resource potential of 0.07 to 0.19 BCF (Leadville Formation only)

· Net helium un-risked, prospective resource of a further 0.04 to 0.66 BCF (including exploration targets)

· An estimated net present value at a ten per cent discount rate ("NPV-10") of circa US$58m with the risked upside case having an NPV-10 of circa US$120m (using $650/mscf and $750/mscf pricing, respectively)

As per the terms of the farm-in agreement (the "Agreement"), the Company confirms that the two initial payments of US$300,000 each (totaling US$600,0000) were made to the incumbent leaseholder (the "seller") and that it is the Company's intention that the dual-purpose Leadville Formation delineation well (the "Commitment Well") will be drilled. The Commitment Well would also test the three additional helium exploration targets and other potential hydrocarbon bearing reservoi

@Brent. Correct and thanks. my post was contextual and directed to the person that was getting mixed up with boil off from tankers stuck in Hormuz and trailers parked at HEX that don't boil off.

Be mindful that HEX are not filling it with liquid and therefore the boil off is not an issue. They are filling with compressed gas only that should stay exactly where it is in the cylinders. If HEX were operating at proper production it would be 3-4 days to fill with 3 wells running. As there is no information on what they are actually doing, everything is just a guess. But---the initial production may well be a start stop, adjust, fiddle about, try again, fiddle with the wotsit valve, change the filters, improve the quality and the swing timing and in the meantime save any gas produced by putting it in the trailer instead of just losing it to atmosphere which would be the case if there were no trailer. Might be entirely wrong and they might just all be on strike - who knows. SP recovering on the realisation that f'call has really changed since yesterday in terms of Helium supply.

Nearly back to my Average--was a bit too keen on this one in the first place. Was looking for around 6p with some good fortune and momentum. We shall see. GLA

Ok Thanks Adon. I recalled the He potential from when I still had some funds in here and while reading QHE ( mosman) rns's they are talking about what sounds like exactly the same thing so I thought perhaps Zphyr had passed on it. Interesting that the % He and the resource estimates are somewhat different between the ZPHR company estimates and the QHE 'sproule' estimates. Anyhow--thats all for the other bb, thanks for replying and ATB.

Chaps. Can someone tell me whatever happened with the Salt Wash Helium farm in? Was it ultimately passed over and not pursued any further by Colin?

@sirmark. 7/4/26 13.41pm Nope, escaped at 31p before the reality of Dubhe failure set in. no intention of buying back with this Mcap unless they were already drilling. Hope someone listened and took profits.:)

Troajan.. same again tomorrow.