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IG you are also forgetting that at HE% and CO2% and 750mcf flow rates you get $15m per well. That's at $550mcf and $25mcf respectively, which is modest given the increasing value of HE4. The HE3 is something that gets this project off the ground without any issues for funding and regulatory approval (mostly covered anyway), and puts it up there as something of national significance due to its usage in fusion and quantum computing alone.

Confirmation of the drill turning will be any day now. We should start getting results by the end of October and then every few weeks for up to 6 months. If this looks like a district play, then we're off to the races. And don't forget Tunu. I had no idea the possible economics of that project. Cheap development. Likely to get government / EU funding. And incredible potential given the energy will be used to extract the HE and power the local community on 100% green energy.

IG, they won't be extracting it. Suggest you read BB's last post. They will simply sell the gas to an offtaker or end-user at an agreed price who will handle the extraction. For reference, NASA have a contract for $1100 HE4 supply. They pay more for a secure supply. They also have the resources and requirements for both HE4 and HE3 so a good end-user example.

Reserved, yep I did some digging on those other stocks and they're nowhere near as advanced. They also don't have anywhere near our potential.

This has 5x written all over it in 6 months when we get the resource size estimation. If it's above 1bcf HE4, then it will be of national significance. We also have the other acreage soon to be agreed.

TAJ really needs to get onto interviews and the PR machine rolling. Some big coverage and this will jump hugely. The CBS coverage on the discovery well had them hit $1.40 in Canada. That's still double the current sp with dilution. And we didn't have the flow rates, average HE and CO2 % (also confirmed by JS2), deepening of the wells and huge column increase, HE3 discovery etc etc.

The recent dilution also means we don't have to worry about a cash call until we have a resource size, PEA completion, and up to FID. I also believe we'll either get taken out, or a deep pocketed partner or government agency like NASA is going to bankroll us if we can prove up 1bcf of HE4. The next 6 months is going to be very exciting. Hopefully the Canadians wake up and show AIM what this is really worth.

I also did a bit of crosss-ramping on HE1's board. Scary that people are still invested there. It's so obviously in terminal decline. And the fact it's in Africa, has CLNs killing it, plus very messy resource and extraction required, makes me wonder how people can look at it and not here.

End of message is a resource size estimation above 1bcf of HE4 will mean a resource value of +$1bn for HE$ + CO2 + HE3. Mgt expect they will achieve this resource size, especially after the deepening of both JS1 and JS2 showed the HE column is huge and almost doubled in size. If this is a district play, which they think it could be, then you have a $multi-billion resource with development costs below $50m, and likely NASA and/or US Government involvement. This last part is not an exaggeration - go over to PLSR and check it out.

- HE%'s amongst highest in history at 7-8% average confirmed in both wells.

- Flow rates of 1.3mmcf under pressure. And 500mcf under natural flow.

- Revenue per well = HE4 worth $10m at 750mcf flow rate. CO2 by-product worth $5m at 750mcf flow rate. HE3 unknown but hugely valuable.

In 6 months with 1BCF HE4 resource confirmed the sp will be a minimum 5x. Again, not an exaggeration. And best of all, it's in the US, has fund and II support. And will likely be on a list of nationally significant resources.

I think you folks are sleeping on one of the biggest HE plays in history. Run down of PLSR, which is already moving on today's news, but is looking like a project of global significance. Suggest you DYOR, but here is a fact sheet to begin with:

- US project. This is important because it is the world's biggest user, and likely to be in competition with China for resources given HE's need for AI and Satellite / Space expansion.

- PLSR has drilled 2 x holes in its world-class Topaz project - JS1 and JS2.

- PLSR has recorded amongst the highest HE concentrations in history at 7-8% average for both holes.

- HE3 Discovery announced today and highest recorded in history. HE3 is worth $18m per kg. Over 100,000x HE4. It's the rarest and most valuable commodity on Earth. Yes you read those numbers correctly.

- CO2 is 75-80%, also extremely high. CO2 is valued at $25mcf, which is another 50% on top of the HE value.

- No water. No natural gas. This means extraction and separation are incredibly cheap and doess't require more specialised equipment.

- JS1 has flowed at 1.3mmcf under pressure, and 500mcf under natural flow. These numbers when taking into account the % are huge.

- JS2 requires well clean-out due to blockages. HE% and CO2% same as JS1. It has higher pressure readings, meaning flow rates should be similar after remediation work is complete.

- Funded for the next 6-9 months for up to 10x wells to delineate the size of the field, complete a PEA, and up to FID. Low share count and loan facility can also be accessed.

- JS1 & JS2 completed as producers, meaning less start-up costs.

- Best in class partners already working on development - Chart and Sproule. They understand this is a global play.

- Mgt with huge skin in the game. They have stated that dilution is going to be avoided wherever possible as they see this as their road to riches.

- Funds and II also major investors. Michigan Bank is a major shareholder and company lender.

- Bank facility already agreed for over $10m for development - mgt and Michigan Bank already know this is highly economical.

- Very low development costs between $10-50m depending on size of the plant. Given HE3 discovery this will likely be funded by the offtaker or even NASA and the US Government.

- Value per well at 750mcf = $16m (HE4 and CO2 only). Based on conservative $550mcf HE4, and $25mcf CO2.

- They have a huge land deal in Minnesota already agreed and to be executed soon. They believe there are other plays similar to Topaz.

Check it out. It's an extraordinary HE and CO2 project already, but the discovery of HE3 at the highest concentration known on Earth makes it of global significance and US technological and economic significance. Why? Because HE3 is required for things such as fusion, and quantum computing. That's why it is the most valuable commodity known.

They will start the drill but in the next week or so on the first of up to 10 delineation wells. Resource confirmation above 1b

Ok, this news is something I didn't expect and f@cking amazing. To think we have got one of the highest grade HE4 resources in history, and now we have the highest HE3 in history, is mental. Even crazier that the herd hasn't landed here yet. I hope that TAJ gets out and tells the world about this discovery.

A few key things worth noting:

1. The value of HE3 is only going to increase with the onset of fusion, quantum computing and every other thing they need it for. It's not so much what it's valued at now, but what it can do. And what it can do is push humanity forward in a number of ways.

2. This is of global significance, and the US now has the best naturally occurring source of HE3 on the planet. This makes it a project of global significance, and technological and economic advancement and security for the US. I would think the US Government could make a play at nationalising this, given the HE4 is looking like it's globally significant, but the HE3 is unheard of and absolutely required for the US to maintain a technological edge over other countries.

3. The HE3 % is consistent across the spectrum of HE4 flow. If this is consistent across the entire field, which we will soon start to discover the scale of, then it could be of mindblowing importance from a national pov, but also the economics mean that 1bcf HE4 is +HE3 + CO2 will equal a resource value comfortably in excess of $1bn. And the cost to extract the majority of the value at scale (HE4 and CO2) is straightforward and only $50m.

4. The science will catch-up to this by the time we are ready to start extracting HE4 in 18 months. If NASA are looking at how they can get it from the Moon, then you can be sure they will now change to an Earthly focus, and that can only be us.

Agree this will be a 5x in 6 months when we know the extent of the Helium + CO2 resource. And if we're looking at much bigger numbers like 2bcf HE4, then you can expect it to be 10x and the US Government or at the very least NASA, being involved.

I'm unfamiliar with all those stocks except HE1 (absolute d@g with next to no chance of success), and HEX, which I consider to be a very good company for many of the reasons I like PLSR, albeit at a more advanced stage.

Would you mind providing your views on how of MSMN, GEX and Renergen compare to PLSR?

Yeah it's tumbleweeds at the moment and the sp can easily be manipulated by the algo's.

I think mgt need to re-engage the market with some interviews next month. Even just an update on Search and Comparison progress, Q3 performance, and reiterating that they will hit full year guidance. The company has a lot of work to do to regain investor interest and confidence in the re-set / turnaround plans for Search, and that Comparison is scaling as planned. It's not hard to do if they are tracking against targets. And it will do a lot for folks sitting on the sidelines. AIMHO GLA

Sorry I might add that we're not skirting the bread line after the recent raise and loan facility we can draw down on. I agree investors are impatient, but they are happy to wait many years for resource companies once they have an idea of the value of the resource. We don't have that information at the moment, but will in 6 months. The issue is none of them know about us, and I think TAJ is doing a great job of trying to fix that. He has already communicated to the market, and myself, that he wants to limit dilution, given he is one of the biggest shareholders. Hence the recent loan being lined up already.

Stas, that's quite a negative turn from your previous post comparing HEX as a 'toy company' versus PLSR. I do agree that 'investors' are looking at HEX as a producer, and it has been valued accordingly at 50% higher than us. There's also the other points I mentioned in my previous post so there's an argument to be made that we are valued fairly, given we still have a way to go on the last big piece of the puzzle with resource size. The good thing about the recent raise is that we're funded for resource delineation and PEA. What will move the share price imo is the step out wells proving up a resource of +1bcf He. That's where investors can see a quite simple, strightforward, low investment avenue to monetizing an asset that's worth up to $1bn based on HE and CO2 values.

I do agree with you that the current anchor is the recent raise, even though it was for a small % of our mcap, and will provide significant value upside. The other major issue is no-one knows PLSR. Look at this board compared to HEX and HE1, which is an absolute d@g of a company. I'm unsure what TAJ needs to do with this, as they are clearly making an effort. Perhaps engaging a couple of resource bloggers that have a huge following - the Malcy, OilManJim, DocJones (Canada), types. Although a lot of what they says is b@llocks, they do have some good recs, and most importantly a good following. We have a much better story than so many exploration companies. Here's a list:

- We have a world-class resource that we already know is economical with one of the highest He concentrations in history plus CO2 value.

- Our resource is low capital intensity, no water, natural gas, and with the major by-product being very valuable in CO2.

- We are fully funded for the next big value driver over the coming 6 months - resource delineation, estimation and PEA.

- We have the best partners in the field globally working with us.

- We have 1 producer well already drilled, and maybe another one. These are worth millions in sunk costs and will return immediately following plant construction.

- We have funds and an IIs on board as major investors.

- We have a bank loan lined up that can pay for a small plant from one of our major investors. So limited future dilution already.

- We have a bod with serious skin in the game.

- We have a huge new acreage deal about to land.

- We have a great secondary asset in Greenland, which is a hell of a lot better than I initially realised.

I'm probably even missing something. What we really need is a resource upgrade and PR. And that will happen over the next 6 months with up to 10 wells to be drilled. They just need to get on with drilling, ideally with limited time over-runs and any f@ck-ups. Patience on this one, but I do feel confident in it being 50-100% higher in 6 months with a decent resource confirmation. AIMHO GLA

I did mention this could drop to the high 8's on no news. I didn't expect it to happen so quickly after a heavily over-subscribed raise with II's and PIs. As for MM manipulation, it's simply not happening. I gave the reasoning in one of my last posts, it's PIs selling their recent gains, or cutting minor losses, to chase other rainbows that may payback in the next few weeks or month. I doubt many remaining PIs will sell below 8.5p, as there's not many who would be making money. But if they do, the shares will get taken up fairly quickly.

All momentum has now left. Easy for the sp to bounce around on small trades, or be manipulated by funds to scoop up loose shares. Upgraded forecasts, or new partnerships, are what will get us back to double digits. And that could take a couple of months, and we know the type of retail investors here hate to wait.

Anyway, even I'm getting sick of pointing out what even the uber rampers deep down know to be true.

The share price sits in the 12's. We await news on Casc 4 and whether it was another failure. And we await whether our 'trusted banking partner' will call in the additional funding to meet the loan covenants we knew nothing about should Casc 4 & 5 disappoint. I'll come back when we know about Casc 4, which will no doubt be later than everyone is expecting. You rampers can enjoy the board and wet blankets for a couple of weeks.

Tidd, tell me the libellous things I have said? Let's run through them.

- I've pointed out the failures over the years. Not libellous. Absolutely factual.

- I have pointed out the withholding of material market-sensitive information on the raise falling over, plus the loan covenants. Not libellous. Absolutely factual.

- I have pointed out the lies regarding not needing to raise. Not libellous. Absolutely factual.

- I have pointed out the misdirection by Calamity Baay on the loan being dependant on the raise. Not libellous. Absolutely factual.

- I have pointed out the many 'dog ate my homework excuses' over the years, which is how he gets Calamity Baay. Not libellous. Absolutely factual.

- I have pointed out the broken promises, where we are not even near production targets from years ago, broken budgets, broken timings. Not libellous. Absolutely factual.

- I have pointed out the bloated bod. And Baay's bloated salary. And the freebie shares they take. Not libellous. Absolutely factual.

The rest are my opinions, which I'm entitled to based on what has transpired. In the same way, as rampers are entitled to their opinions based on more of Calamity Baay's promises. Not libellous. Absolutely factual. If you don't like reading my nicknames and language directed at the person responsible for most of the above, and all of our losses, well maybe he should resign or do his job.

stas, you just read my post, so there's someone. and i note you are still clinging to your wet blanket that i'm a trader. i explained how i got my holding to the board, and how i've averaged down on every 'promise' made by calamity baay to get to my current holding and average. i also averaged down prior to the most recent f@ck up, and guess what - i told you guys, like i have every time, because i don't believe in talking ****e. as a consequence, i hate calamity baay and every incompetent shyster like him who cons investors out of their money and doesn't do their f@cking job. you simply don't like hearing the truth, or my opinions, because it hurts to face them. natural reaction for most, like johno who doesn't want to accept he may not get his £500k investment back, let alone a profit, for years. tell me, have you averaged down? of course you have. but you'll say that i'm 'not ****bagging the company.' i say that i'm highlighting the reasons why everyone has lost money and had to average down, time and again, for years now. i'd rather not be averaging down and instead averaging up, but sadly we have a lying charlatan in charge.

matt,

1. you are talking about a company that cannot execute on time, budget or forecast, has a long history of failures and broken promises, wasted resources, a ceo who lies as he breathes, and a debt pile comfortably in excess of its mcap. so when you talk of mcap, don't. talk about ev instead. and then remember all those other things weighing on the sp, which makes £100m mcap in 12 months absolutely absurd.

2. i didn't say the bod would let the covenants get called in. i said that failure with casc 4 & 5 could result in the bank insisting on another raise, as you have pointed out. that's one of the many things weighing on the share price, and easily the biggest imo. let's use your example of 10p, well that's more than 20% shares being issued (again), to meet a covenant we knew nothing about. the excess shares issued versus 20.5p is immense. and remember, lyin paul not only didn't tell us about the covenant, he also didn't tell us that it was for more than the 20.5p raise money. this is after he said we wouldn't need to raise. but in the background, he had agreed to more than one raise with the bank. see the lies and deceit at play here.

3. their track record of exploiting hydrocarbons is shockingly poor. this is why i have been saying to the rampers to stop talking about central like it's already a huge success. in the same way as i was saying about casc 4. it's an area that shell hasn't looked at, even though they had excess capacity. that says something, whether the optimists like it or not. but to be counting on us hitting gas and breaking into lng given what has transpired over the years, is laughable.

4. finally, you are saying that i have unrealistic expectations. that's funny, because my expectations are based on actuals and their track record of under-delivery, and not more promises.

Johno, you are right that the production levels were one silver lining in that RNS. Having said that, it's at circa 5kboepd, includes Central, and significantly less than what they have been guiding for years, so not really a 'win', just not as cr@p as one was expecting. Plus, it's the only 'actual' that doesn't require them executing on time, budget or forecast. Always promises with Calamity Baay. The results (and share price) speak to the reality of their competence.

stas, that's one of the most ridiculous targets yet from a broker who doesn't know their @sshole from their elbow. to state a sp 3x the current when we don't know the impact of the issues with casc 4, nor do we know the knock-on effect to another mega-raise that will likely be at this level if it's a mess, makes it completely worthless. and it's not like people are rushing to invest here - we're back in the 12's.

johno, this whole 'stating opinions as facts is tired and you're wrong. go back through my posts, and the only things i state as 'facts' are all the f@ck ups from trin onwards. it's just another example of you making something up in order to try and find an argument, like 'the sp is now in the 13's'. everything i other than historical f@ck ups is my opinion, which i've even spelled out in some of my posts.

here's some opinions.

1. casc 4 is going to be poor. calamity baay, one of aim's greatest bull****artists has already given you the 'dog ate my homework' excuse for this. worth reading his statement in the rns where he says it's one of the risks when completing a partially drilled hole. does make you wonder why they did it if they knew the risks...?

2. it's a coin toss as to whether the remaining loan covenant funds (the ones we knew nothing about) are called in. this will depend on point no.1 of my opinions. something for people to consider is they have spent millions on loan fees, failed casc 4 well (twice), casc 5, central well and a gas compressor. after paying for calamity baay's massive wage and all the other free-loaders, there's not going to be a lot of cash left over from the two recent raises. so maybe calamity baay doesn't care because he will probably need the money. no doubt he will participate in the last bargain basement raise, alongside all the other free-loaders. they wouldn't want to miss such an opportunity to stick their snouts in the trough one last time.

3. lemmings will say 'don't worry we're onto central now, and we're going to make so much money from lng pricing.' well, that depends on a) whether they can drill a f@cking hole without issues, and b) whether they have found something that shell didn't decide to drill after decades of having the land and unused capacity. so i'm not holding my breath.

4. gas compressor, one would hope they don't f@ck up, but you can never discount the level of incompetence of calamity baay and his team.

clearly, you guys don't have a lot of experience with incompetent, habitual bull****artists. even little things like 'casc 4 will be completed and tied-in once equipment and a service rig are onsite' reads like he is prepping for another delay to casc 4 tie-in. why isn't this equipment on-site already? and then there's the central site will be drill-ready by the end of october, but the rns doesn't say they will be drilling then, does it? it says the drill rig will be moved once casc operations are completed. all reads like b@ll**** future excuses in my opinion.

Gutts, Dazpink, that still doesn;t answer my question on why HEMO is currently valued at more than 2x RENX when it's years away from the same stage that we are in, and the total market size value is so much smaller. Amazing what they are working on, but the time and investment required to get it to where we are at, plus the smaller potential market size, makes no sense to me.

jesus christ johno, no wonder you don't like people pointing out the reality of our situation and likely sp impact of baay's f@ck-ups. i'm really sorry for your losses. truly, i am. you've been done for over half a million quid and have obviously gotten caught by calamity baay's web of lies as well. it's quite easy to keep averaging down when you keep hearing 'jam tomorrow'. the problem with applying gambler's fallacy to investing is that it's not meant to be luck, and you should be able to count on a ceo to be competent, truthful, and not misdirect or omit critical information when making decisions.

unfortunately, you, i and everyone else invested are going to have to face a cold, hard reality if casc 4 & 5 results are poor. the simple reason being that the bank will likely call in the remaining funding, and we will be diluted by at least another 20% with a **** ton of new shares at 12p, if we're lucky. that kind of dilution, alongside the shares printed at 16p, 20.5p, and the millions in fees we have paid, will cripple the sp for years. and by that i mean we won't regain the 30's this side of the 2020s.

and people need to stop talking about central as the promised land. this is nothing more than calamity baay bull**** that he is feeding you, again. the only place they know where to drill to hit gas with a high probability is casc, and they have f@cked this up more times than i care to remember. to assume they will hit decent pay at central when shell didn't is bordering on insane considering they cannot even drill a f@cking hole without issues.

few things in the rns that stand out.

1. 'while cas-4st2x presented challenges due to re-entering a previous wellbore, the systems implemented on the cas-5 well have proven effective'.

this is straight from our useless ceo. firstly, if there was a risk with re-drilling a well, why the f@ck did they do it? why not just start again? accept that you're the world's biggest o&g f@ck ups and drill a new hole. instead, we have potentially spent another couple of million throwing good money after bad.

2. completion operations on the cascadura-5 well will immediately commence. all tie-in equipment is on location and the well will be tested directly through the cascadura natural gas facility following completion. cas-4st2x will undergo final completion and tie-in once equipment and a service rig are on site.

so casc 5 is ready to go. but casc 4 requires tie-in equipment and a service rig on site. this last part sounds like a delay, and i don't understand why they should be waiting on anything when we have been waiting 9 f@cking months for this well to be completed. there's also no mention of timelines, because they probably have no f@cking idea on when everything will be ready. great central pad will be drill ready by the end of october, but again, they haven't given timings on when the drill will start turning. truly extraordinary.

What's your holding and average btw Johno? Give us the truth, and not what you tell your wife. Same for you SM, where's your TXP holding sitting?

ss, outline the lies at tig if you're an expert in that company. please elaborate on what i've missed. they f@cked an acquisition with a shady israeli outfit where they have on-going legal case. and i keep saying someone's head should roll due to the poor dd, and have called the ceo and cfo f@ck ups on countless occasions. but tell me where they lied, withheld market sensitive information, misdirected investors on market sensitive information, or f@cked up nearly as many times as calamity baay. the share price crashed from a google change they sprang on the market almost 1 year early. and yeah michael (ceo) and billy (cfo) f@cked up. but nothing that shows a blatant disregard for shareholders like free-loading calamity baay. he's a special kind of bull****artist f@ck up.

johno, you can disagree, but you'll need to show me how a 100% price increase on existing casc production isn't going to have a far, far greater impact on the sp than one or two holes in central that might get us over the lng threshold. you're also talking about it like they can drill a well without issues. they can't. and i have very little faith they have uncovered something that shell hasn't. may as well be an exploration well, given the track record of these guys. and they'll no doubt go over budget and timings.

as for it being 13p again - do you really think that's a good point...? we had been expecting casc 4 to be completed without issues, given they surely couldn't f@ck anything up after everything that has transpired since trin. some were calling me a deramper because i kept pointing out their track record of failure, and that i'll believe it when i see confirmed results. rampers were calling 20p on completion with outstanding logs. instead, the sp has gone backwards. there's a big question mark over whether this is another dog ate my homework excuse for a very poor casc 4 result to land in a few weeks. no logs or learnings. and if it is all the conman's way of softening the blow in a few weeks, we're f@cked because of the loan covenants that he told us nothing about. that means a raise can be expected in the next 10 weeks for 10-12p. but yeah, great, we closed at 13p. big win.

i can see how pis get skinned by conmen in investing. this was meant to be a safe bet. but look at what this clown has done with the assets that we have. i'd also hate to see mgt loading up at 13p after they have destroyed the sp. calamity baay and his free-loading mates need to lose the loan covenant, execute casc 4 & 5 on target, and get us back to 20p. then they can load up and put hundreds of thousands of their money into the company to get us back to the mid 20's. then i will give them a small amount of credit for trying to fix the monumental mess they have created. i can see how some of you won't wake up until this goes to single digits, which is a very real possibility if casc 4 & 5 are poor, and we get another mega-raise.