The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Excellent news today, real commercial progress. Still trading under cash
From Galp's results yesterday,
"The exploratory activities identified significant oil columns containing light oil in high-quality reservoir sands and confirmed a lateral
extension of one identified target. The reservoirs log measures confirm good porosities, high pressures and high permeabilities in
large hydrocarbon columns. Fluid samples present very low oil viscosity and contain minimum CO2 and no H2S concentrations. The
flows achieved during the well test have reached the maximum allowed limits of 14 kboepd, potentially positioning Mopane as an
important commercial discovery. In the Mopane complex alone, and before drilling additional exploration and appraisal wells,
hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher"
And now Chevron is the first major to farm into the Walvis Basin. Eco's blocks surround PEL82. ECO's blocks have had tens of millions of dollars spent on them on seismic acquisition working up drilling targets.
So, ECO has farmed out 3B/4B to Total , has a free carry and will harvest plenty of cash along the way. ECO has got over ten companies in the data room re. Orinduik farm out, 3/4 serious contenders will offer deals. Now Namibia is seriously in play.
Multiple huge discoveries in the region. Venus, Graf , Mopane. Many tens of billions of BOE. Chevron has just farmed into the Walvis. ECO has the most acreage there.
By year end , three farm outs in place with majors. Visibility on drilling on all our assets.
ECO hit a market cap of £360m back in 2019 on the Guyana discoveries, no reason they cannot get that kind of valuation again.
There was a bid for this company at a shade over .2p . Not surprising considering they have a £9m cash position.
They dealt with him early! What time was he booted?
This should be funny.
Can we have a sweet stake on how long until they are booted?
1/. By 10 am
2/. 10-12
3/. 12-2
4/. 2-4.30
5/. after the close
I'm going for No. 4 as LSE is pretty slow at these things.
'here today, gone today'
A couple of great posts with which I fully concur.
Very old school...haven't seen stuff like that for years!
Great announcement for @wg_plc
yesterday. A ten year contract with the first 12 months yielding $10m of revs. These revs will grow, they are just the beginning. Margins look to be 60% judging from their other MSC in Sierra Leone. They have £800k in the bank to immediately get the project going. They are looking to fund the rest of the capex via debt. Indicative terms can now be offered as the contract has been signed and delivered and the exact terms are known. The stock has traded huge volumes the past few days. It's turning from a 'jam tomorrow' stock to a 'jam today' stock that will be valued on multiples of profits as time goes on. Worth remembering they were hoping to sign two MSCs by the end of 2023. It didn't happen, delays! They have just got the first one over the line. More contracts will come, particularly following this one. Ratification not only gets the contract moving but gives another stamp of approval to @wg_plc
That is what Pulsar Helium has discovered in Minnesota and the discovery hole flowed so hard it short the drill core out of the barrel , sounded like a jet engine apparently! It's in the USA, the biggest helium market in the world.
It's the highest concentration helium discovery ever made. Listed on the TSX.
Still time for all the knockers to come back to the light side. The dark side is such a waste of time and energy. Hope some of you have reformed , if you had you would have been 50% up and happy.
Considering where the SP has come down from, there is so much upside from this lowly valuation. You have a chance to make some money back, there is a long long way to go.
Come back from the dark side, enter the light, you know it makes sense.
Morning all, hope you all had a splendid Easter break.
Is this finally our time? Very pleased to see this contract about to be ratified and the company has £800k ish in the bank.
Ratification on its way it seems....nearly a three year wait.
26p target is hysterical...but you never know. This will multi bag over time with that DRC contract.
Great to see the share knockers still plying their trade here.
Happy days
That is why they have a partner process on going!
And don't forget the Orion facility and the banks...
In the mean time they have $35m in the bank!
We dream of 3p...let alone 4.5p....happy days if the SP gets back there.
Just to say. The stock is held really tightly. Most of the pre-IPO money is locked up. They have just done a raise. $3.5m from one long term fund. They are a long term fund and they are locked up for four months under TSX rules (all placings are locked up for 4 months)? As a result it is v hard to buy a decent wedge. 77000 shares traded yesterday (less than £20k), it went up 10%. If it gets any volume, it will go nuts. Any decent discovery and I think it has ten bagger potential. Results within a month or so
A couple of the founders of Helium One are now running Pulsar Helium. It trades under the ticker plSR on the TSX.v It has a prime asset in Minnesota, USA. So in the biggest market in the world and easy to develop/exploit. Market Cap is £16m. It has about £4m in cash. The helium was discovered by accident a decade ago by people drilling for nickel. It blew the drill string out of the barrel it flowed so hard. It is 10.5% helium, which is of the charts. They are spudding the appraisal well next week. There is a good seal, there is a high concentration of helium, it flows v hard. The risk is the scale. Recent 3D has taken away some of that risk,
"“The results of the passive seismic survey exceed our expectations. To see the velocity contrast at the depth where the discovery well intersected gas with 10.5% helium content is simply ideal. We are also buoyed by the vertical thickness of the interpreted reservoir host lithology and it being laterally continuous. This suggests that we are looking at a reservoir with the potential for regional scale. The team and I are now focused on successfully executing the appraisal well drilling program.”
If you like helium, it is worth half an hour of your time doing some research. Here is the website,
https://www.pulsarhelium.com/
If you are interested in titanium, it's worth doing as much reading as possible on rutile, ilmenite and anatase. All very different beasts. Rutile is by far the best and highest quality, purity, and carbon friendly. Synthetic rutile is made out of ilmenite by an energy intensive process and is still not as high quality. EEE have been working on this ground for quite some time now. One would of thought they would know what they are working with by now.
MC is £9m
Cash over £6m, £4m more coming in this quarter. Has committed to return £4m to share holders.
West Newton and Italy assets have considerable value. The other two are peripheral and we will be sold off at some point.
Daft attempts to takeover the company and its assets are now over.
v v cheap at these prices