Derisked15 Jun 2026 10:28
For a market price of £12/13m this is de risked massively from this RNS
The gas is there
The helium is exceptionally rich at 2.5%
The reservoir is connected and recharging
The downside is it indicates it isnt flowing naturally at a commercial rate, hopefully it will after swabbing but the pumpjack quote likely means they dont expect it to or can perform much better with some help.
How much water production and the ability for the pumpjack to clear the liquid to keep a steady commercial flow is critical
Cash in bank, throw in some oil to the mix means I am very positive