Member Info for Glib

Yup, MadMen has it. I couldn't remember if it was in one of the interviews but I recalled that DM had spoken about it.

2 holes were contracted with the 3rd for equity and an optional 4th. The results of the seismic changed the drill plans and we targeted Tai. Tai1 couldn't be tested and Tai2 was clay that stopped us testing the show.

I had looked at the Mitchell Drilling website when the rig was announced to see the specs and I don't think they had any rigs that drilled deeper or with a larger bore. If that is correct then it makes sense that we would be getting a different contractor.

@Daven66
You may be starting at the wrong end by investing here. You should never invest all your money in one stock, or in one sector.

AIM is said to be a casino as some companies come on the market and then tank. For safer investment, you should start with boring old funds and unit trusts, then income stocks that pay dividends before investing in more speculative areas.

Mining and oil and gas stocks are the most speculative with exploration companies being the highest risk. That said, there is also the chance of greater rewards too.

One thing to note with these shares is that it is usually not a good idea to buy and hold for a few years. You should look at the cycle of the SP at different stages of development and incorporate that into your strategy.

The most important thing is to protect your principal investment. Don't be so set on reaching a certain price that you lose the chance of protecting your capital. You may make less profit by doing so, but that is alot easier to bear than losing money.

YouTube is quite a good resource for learning about investing and basics like price/earning ratios and earnings per share. Just be sure you act on your own research rather than the story of a company. Read a few years worth of the RNS' and a few years of accounts to make sure things are moving in the right direction.

Although it mostly uses US examples, investopedia is a handy resource to look things like this up.

"Warrants are a derivative that give the right, but not the obligation, to buy or sell a security—most commonly an equity—at a certain price before expiration. The price at which the underlying security can be bought or sold is referred to as the exercise price or strike price. An American warrant can be exercised at any time on or before the expiration date, while European warrants can only be exercised on the expiration date. Warrants that give the right to buy a security are known as call warrants; those that give the right to sell a security are known as put warrants."

If we are bringing the big boy drill to the party, that should provide more confidence that depth and testing will take place. 1 hole costs about £4M though.

The unknown right now is the new drill site if they plan to drill at the centre of the basin. We had estimates of the amount of gas that could be at Tai but will this new site require a review or will we just drill?

I've never understood that myself. It gets classed as a buy or sell depending on the mid-price at the time of the transaction. That is just an average of the best buy and best sell price offered by multiple brokers.

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.

The SP is back to where it started yesterday morning and still over 30% up on the week.
Just some profit taking and trading going on.

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.

I doubled my investment in ADV yesterday. Perfect timing!
A slow, steady rise is most welcome here.

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.

Around the same amount of seismic as last time which took around 6 weeks, so they may complete that part by Christmas. Just require news on the rig now.