Member Info for Glib

You betcha!

Thanks Jonesy. We're making metres a week and getting things done...
Couldn't he have said how many metres a day they were doing? lol

If we allow for 2 days to get the casing done and the cement dried:
60mpd gets us to 1200m on 9th July
70mpd gets us to 1200m on 7th July
80mpd gets us to 1200m on 5th July

Possibly 2 days to clean the hole, send down the wireline, try a packer flow test and determine the results?
Not sure if we will get the news we are waiting for next week or not, but I'm hoping for some kind of news.

No, I'm not bored and starting a game. I have listened to DM's interview a few times and cannot make out what he is saying at the start. Not sure if it was a connection glitch or the video was edited. https://www.youtube.com/watch?v=OaEvQ2oGPno&t=23s

"I'm in the Rukwa Basin. We're ... getting things done"

Here's a little update on the chart situation. What happens after the trends cross on the 5th & 8th will let us see what way the SP is going to go. 20p-29p is the rough spread and we are currently right in the middle of that. The chart ends at 4pm on the 12th. News will of course change this, but as we get closer to the Target Depth and results from Wireline Logging and Drill Stem Test, the SP will rise in anticipation. https://invst.ly/vbewp

Have a good weekend folks.

I'm hoping for an RNS on Monday. Nothing definitive, but so far we only have an unsubstantiated show in mud, the plan for wireline logging has changed and we were supposed to be getting regular news flow throughout the drilling programme.

[At approximately 6:30pm local time on Saturday 19th June, at a depth of 70.5 metres, the Helium One mud logging crew detected helium in mud at a concentration of 22,084ppm (2.2%) He. The gas show is situated at the base of a 20 metres thick shale unit and persisted at >10,000ppm (>1%) He for 4-6 meters. Readings were made on the Micro Gas Chromatograph only, which had not yet been calibrated in the field.]

I would like confirmation of the show (not that I envisage any issues)
An update of what the drilling plan now is (as not every shareholder will see the Proactive interview)
If possible, an update on depth drilled and any further shows.

If there was mothing found at 400m, then where did the Helium at 70m come from? There would not be enough pressure at that depth to create much lateral flow, so it's most likely it was rising straight up from a lower depth.

Looks like we have just broken through the downward trend line, but it may fluctuate for the next hour. Hopefully we see the price steady at 25p or above by 13:30 https://invst.ly/vb8bg

I think if we didn't find anything at 400m, it would be more likely that drilling would stop. No sense drilling where the gas isn't. The gas would follow the path of least resistance so with greater pressures the further down we go, it would make enable migration easier than at a lesser depth where the Helium is more likely to travel in a more upward trajectory. (IMO)

One thing I am no longer certain about. If there is a discovery at Tai 1, are they just going to seal it off and move to the second site, or are they going to do appraisal drilling straight away. I thought it would be the former, but that would mean moving the rig around 3 or 4 sites for exploration, then move them again for the appraisal. Opinions welcome and experience/knowledge appreciated.

My thoughts exactly when I saw the SP drop half an hour ago. We were told we would be given news as the drill progressed so even if it isn't the logging and DST results we are all waiting for, something could drop. Selling now to hopefully but on an opening drop on Monday would be extremely risky. I'm staying put and colouring some lines.

Currently following the trendline from 1st peak to 3rd peak. There is resistance at 23.35p(long-term baseline from peaks at 12th April to 27th) and 23p so hopefully start increasing from around 13:30.

Hi Shifty. That's why I was worried about it going below 23p this morning. Nothing to stop it going to 22p, but depending on the weight of momentum, 21p or even 20p could have been in play. Don't want to go tempting the fates like that. Once we get back above 24.8p, I'll be happier.

I was worried this morning as it started to fall, but sanity prevailed and hopefully we end today above 25p. We have a nice broad channel to move in but I wouldn't be surprised if we see a surge at the end of the day. https://invst.ly/vatyu

Yet...

I was surprised by Persian too. I thought he was holding for the duration. Hopefully he can mitigate any damage. Who knows, he may be able to get back in lower than his sale price if there is no RNS tomorrow.

I think there would have been a slight impact from the tweet, but the traders capitalised on it. Once it fell a certain amount, they were able to move the SP into a certain range. I prefer boring shares without fluctuations that the traders ignore.

If people invested in the company - nothing has changed. We are about to get news of the logging results and possibly need to wait for the DST to confirm that any gas found is Helium.

If it was the SP that mattered, then we have had 5 peaks recently that would have enabled a good exit. I'm hoping nobody has lost money on this and fingers are crossed for good news.

@SeagullsFan - Glad to assist.

I don't like where the SP ended. It looks like a head has been formed, but trying to repeat today's pattern, I think, would be a mistake. If the SP went down to 22p, it could get pulled down to 20p. Lots of resistance points between where we are and there, but I think we would struggle to get back to 25p if that happened. Even if news is imminent.

I'm hoping for a nice flat day with the lowest being 24p and a gradual rise to 25.5p or 26p. Not that it will matter much once news hits, but we need some stability.

From the chart I posted, you will note the last 3 candlesticks are free floating.
All other candlesticks, if you moved to the right within its range, you would connect to its neighbour's range at some point. Small gaps sometimes happen, but quite often the market will at some point come back to that level. Better now than later.

And that's the gap closed. Normal service may now resume.

So much drama today and all that's happened is the SP has roughly followed the lines.

The SP has gapped up so don't panic if it falls for a wee bit. I still think 26p+ for close. https://invst.ly/vaj65

Very true. I've seen a shorter (on another board) talk about how everyone is going to be in the poorhouse once they're finished driving the price down. Intraday RNS comes out. Literally pages of people just laughing at the guy as he's scrambling to buy enough shares to cover his position as they rocket.

SP movement today (with messy lines) https://invst.ly/vah2j

For those wondering about the size of the drop today, this may help explain it.

Warning: this links to a chart. Should anyone be offended by such content, please look away now.
https://invst.ly/vaf65