Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looks like they were following the trend from the start of the week - if it holds. https://invst.ly/x6fql
SCIR RNS from 27 July
https://www.lse.co.uk/rns/SCIR/helium-one-limited-8211-investment-update-n6he3nuagqcjhcn.html
"Following the above transactions, Scirocco's holding in Helium One is 5,256,088 ordinary shares, which represents c. 0.85% of Helium One's currently issued share capital."
Last time we had Sirocco selling down their holding. They had 4.3% of HE1 and now hold around 0.85% I believe.
Those sales we bought into quite readily, but the SP may also move faster without being held back by that kind of selling.
No predictions of SP movement from me. I've no idea why we have increased in the last couple of weeks other than market sentiment. There are still a number of news events I am waiting for but it is clear that the SP is not being driven by news right now.
We are waiting on the drilling contractor to be announced, possibly also the new target location to be determined; we will possibly need to set up a new camp, prepare the drill pad - not sure if we need another Environmental Certificate or if this new drill is covered by the one we already have and we of course need news of what rig we are getting.
Not sure if all that will come from an RNS, but here's the highlights we've hit so far https://invst.ly/x66xo
We got a flavour of what is to come 3 days ago in the most recent interview https://www.youtube.com/watch?v=S0r5EONr3xg
A few fun weeks ahead.
I think around 13.5 by the end of the week, but there is a chance it will retrace slightly to create a new floor so the rate of increase may slow slightly.
2 months before we drilled Tai1, we were around this level and announced that the rig was sourced. We may be 2 months away from drilling now as we have not heard about the rig or a contractor yet. Probably still looking at the seismic data. It took less than a month to get to 24p but 20p was a strong baseline for a while. I'm hoping that part of history repeats itself.
Agreed. Most of today it was between the existing support and resistance levels of 8.5 and 8.85. The current movement is (hopefully) establishing a new floor - which matches the top range from the start of 2021 before the SP took off. The next target is at 9.5 and I would prefer a gradual climb to there over the next week rather than huge daily increases that come with the threat of a speeding ticket. I'd be just as happy with the SP not going below 8.5.
The movement was a surprise as it was not on the back of an RNS, but lots of people sold out after the second hole results were announced. Some may just be coming back in. Personally I only see this rising over the next month with the amount of short term news that should be released.
When Tai-2 was due to start, the SP was climbing from 10.2 to 11.75. SP then went to 15.25 with drill starting to a high of 17.7 a few days later. And that was for a shallow drill. We are a few months from the drill stage, but any news on the seismic or hiring the deep well rig should move the SP. Any shallow drilling would just be a bonus as this is very cheap to do.
Chart has slight resistance at 8.5 and 8.85. If we get past that 9.5 and 10.2 are next.
Not sure of the reason for the move today, but I would estimate we could be about 1 month from the start of drilling based on previous timing of RNS'. We are awaiting news of the seismic completing, the rig being found and transported, the pad being readied for the new site (wherever that may be), not to mention any shallow drill news.
Plenty to look forward to and looking forward to next update.
@ITV
My most sincere apologies to you.
I did not intend for you to feel bad or guilty. I took no offence at all from your post.
Your comments had set it up perfectly with a Christmas theme but closed with a laugh out loud rather than a Father Christmas laugh. That was all my comment referred to.
I hope you have a speedy recovery out of the void and we look forward to seeing you back full time. :o)
There's a lot of messages here - I was just trying to answer Teamwork's query which had not been answered in a previous post. I thought I had typed too much, but I guess even that was a bit too ambiguous.
The drilling I estimated for potentially Q1 was as Aussie_princess and Aimtrader1 suggested, shallow drilling. We still don't know if there will be any drilling for this as testing in many potential areas will be done before they decide if and where to drill. If the water-drilling does take place though, it will be multiple holes and sites as it is quite a cheap drill process (a few hundred per hole). The shallower depth means less pressure so possibly less gas to be extracted, but even a single site confirmed as a discovery will boost the SP. If that gets confirmed as a commercial discovery then we won't be waiting for the deep drill to get the SP back into the 20's.
Must admit I was disappointed with ITV's comment. It's good to see you still looking in and posting, but lol? What happened to Ho ho ho? That would have been so much better. There is a lot we do not know regarding HE1's plans, but i'm still invested here and not pessimistic. We just need to wait a while longer to get everything tested and logistics arranged. Keep on keeping on and we'll see you back in the new year.
Next Major news will either be confirmation of shallow drill targets or mobilisation of deep drill rig. Lots in between, but these I see as being the major price movers.
We don't know when drilling will start.
We don't know if the first drilling will be shallow (if at all) or deep drilling.
We don't know what type of rig they are going to get for the deep drill or when it can be shipped.
We do know that the 2D Seismic is currently underway and is around the same extent as the last lot we did.
After the 2D is interpreted a site will be chosen for the deep drilling.
We know roughly (from last time) how long it will take to create the drill pad, but we may need more time as the drill is larger and may also take longer to put together.
As we don't know the location of the drill site, we can't estimate the time it will take to get the drill on site, the security set up and another camp established if required.
There will be price movement between now and drill time. 2D Completing, Rig sourced and on its way, site identified, pad built etc, but there may also be a requirement for more money as we have enough for only 1 hole I think. By the time we know if more money will be required though, I believe the price will be quite a bit higher and we will not be in a rush to generate the funds like last time. Possibly a discounted placing for shareholders only? With enough interest, there may not even be a discount, especially if they release positive news along with it.
Drill start I don't think will be until end of Q1 at very earliest - more likely in Q2. IMO
We might reach 30p when the drill is turning, depending on any dilution. https://invst.ly/wparx
Short term, we seem to have come out of the downward trend we were in and headed back towards 8-8.5p which were the peak prior to drill rig mobilising at the start of April. We are about to reach a trendline from the start of May (when the 2D Seismic was completed) and the high of Tai-2 in mid-August. By the end of December, I believe that 7.5p will be the new floor with 8.5p being threatened, if not better. It took 6 weeks for the 2D to be completed last time and I believe we will have news for that this year also. My projection does not take into account any news of the new rig being mobilised or anything from shallow testing or drilling, so I am hopeful that is a conservative estimate. https://invst.ly/wpb1n
We fell below an established trend line at the start of the month and bounced off it this morning as a new ceiling. https://invst.ly/wnt4e
If we can finish at 46p then we may be able to ride it back up although that may be asking a bit much. https://invst.ly/wnt5l
40p still seems to be the current floor, but it's good to see positive movement.
I believe the 3D Seismic would cost over £3.8M, while the 2D is only around 10% of that.
They have previously stated that 3D would be used when a discovery is made, but we are still looking for the best locations to make the discovery.
Chart is showing us in a slightly downward channel, currently ranging between 6.5p-8p.
https://invst.ly/wekv9
It may go slightly lower, but with potential test result news or the shallow drill contract being finalised, any dip may be short lived. The dips are being bought in to but there is some hesitancy as more funding will be required at some point for the deep drill. If the shallow drill makes a discovery however the SP will be much higher and funding will not have much of an impact. If we make a shallow discovery.
ST last posted here after the announcement of the Tai-2 results and said he would wait for the next RNS. Which is what we are all waiting on. He didn't start posting on LSE again until this week (but not yet on HE1).
I would assume he is still holding.
We drilled a hole to almost 1200m
Lost a drill bit half way down
Were unable to test if there was gas in our target area - the karoo, due to wireline tools getting caught on the washouts.
We were also unable to test our uncalibrated show at 70m. I'm presuming it was because the insurance voided further testing of the hole.
Tai-2 was looking for details of what they found at 70.5m
All they found was clay, so no gas got past that section. We now know where we won't find gas, but can we identify the volume from these tests?
The first hole was not a duster. If tests had shown no gas, then we could say that, but they were unable to do any flow tests. A slimline hole is not suitable for the deep drilling, so we will need to source and hire an appropriate rig, crew, equipment, site and security. We will also need to clear the areas that the 2D Seismic will be targeting.
It has not been confirmed that shallow drilling will be conducted. Geophysical tests were going to be required before this happened, but even these have not been confirmed.
We have £10M but no idea what the next step is. An Oil &Gas drill was mooted to cost around 4 times more per hole, so that could be £4M-£5M.
If they have planned the next steps after the 2D, we need to know if they will be doing geophysical tests of shallow targets, how many water rigs we will be using, their cost (and site security) and how commercial gas will be retained.
If there are no short term drilling plans, how many holes will phase2 be targeting, what is the cost and timeline?
Hopefully the data we collected has provided a few answers. There may be news released before the interview, but until we know how the company will move forward I expect to remain around these levels.
It's been, 6 weeks since you RNS'd me
Arrange a Seismic contract and we'll all be happy
Then it's, 4 weeks to clear the fields so that
Phase2 can start while we examine the shallows
Probably testing going on right now for shallow traps, but this has not been confirmed in an RNS.
I am hoping there is not much more to do in arranging the contract for the Seismic mobilisation, but they would need to identify the target areas and contact the locals who use the land. Then those areas would need to be cleared (as well as ensuring the vehicles could access the areas okay). November was definitely a tight timeline to start.
I would suspect there may be an RNS released before the webinar on the 19th. There will be plenty of questions. There has been speculation of why Tai-1 was not tested at 70m after the washout prevented testing at deeper depths, but confirmation would be good. Progress on testing shallow targets; when drilling these targets may commence; timeline for seismic; equipment required for deeper drilling after new seismic data analysed...
The SP could stay at this level for another 2 weeks and it seems to have settled at this level. Only news will move it so hopefully there is good news on one of the above coming soon.