Member Info for ifiknewidberich9

Other reports out there, stating, the commonality of Geology of Officer and Amadeus basins, ideal for creation of H and He4/He3 and thick salt layer traps (molecular science stuff) for Helium.

Drill baby Drill

Overview

The Hussar Project will be a test of a very large Neoproterozoic sub-salt basal petroleum & Helium prospect in the Officer Basin centred upon the proposed re-entry and deepening of a well drilled in 1982, Hussar-1.

An undrilled to date seismically defined sub-salt basal Neoproterozoic aerial closure of an estimated 200 km2 has potential to host a multi-TCF resource of gaseous hydrocarbons with high concentrations of Helium, similar to the gas flow tested at Mt Kitty 1 and Magee 1 in the Amadeus Basin of the Northern Territory

https://charlesstreetsecurities.co.uk/Resources/Georgina%203.pdf

Some 2020 Northern Territory Government reading material on the Amadeus basin, potential monster fields below Salt trap, the home of the potential 3 new re-entry assets, Mt Winter is also Amadeus.

(new assets with connections to Santos/Linde BOC natural gas and Helium refineries)

https://geoscience.nt.gov.au/gemis/ntgsjspui/bitstream/1/90017/3/MenpesAGES2020_paper.pdf

Conclusions

The Dukas 1ST1 well has provided valuable information that has progressed the understanding of the Dukas area structural history. The presence of hydrocarbons, helium, and overpressure confirm the presence of a working petroleum system in the area, effectively trapped by a thick, evaporite seal.

The well is an important calibration point in an underexplored segment of the basin, aiding seismic interpretation and depth conversion to delineate potentially LARGE SUB-EVAPORITE STRUCTURAL TRAPSl. The next step for Santos, and joint venture partner Central Petroleum, is to drill and evaluate sub-evaporite reservoirs that may include lower Gillen Formation carbonates, Heavitree Formation sandstones, and/or fractured basement.

WHY, mention the 2 additional requirements to pay off the debt in full, if the Diamonds can do it, he has far more info to hand than we do, on the quality 4c's etc of the entire parcel......

RNA written by a numpty, if that is the case. Self destructive poor, poor update to Mr Market and you can see the result.

Vast Resources plc, the AIM quoted mining company, is pleased to announce that further to its announcement of 23 October 2025, it has repaid a total of US$1 million of debt (US$0.5 million to each of A&T Investments SARL and Mercuria Energy Trading SA) (together, the “Loans”) to secure an extension of their respective terms until 31 December 2025. The Company intends to use the revenue from upcoming diamond sales, noting the TENDER in the week commencing 17 November 2025, together with proceeds from any NEW OFFTAKE AGREEMENTS and/or WIDER FUNDING ARRANGEMENTS

TO REPAY THE LOANS IN FULL

Try reading both of todays RNA updates over GNW/rns

Corporate update

https://www.londonstockexchange.com/news-article/VAST/corporate-update/17329314

Just need the BOD to confirm its planning schedule, work (Up to 50 days previous RNA) commenced on receipt of drill permit and a window of December/January is possible BUT as Miker posted, entering the rainy season, so might not start those work programs until February, making

the drill ready window, March at the earliest.

Just need them to pull their fingers out and inform the market, all on track to drill baby drill, Hussar1 into Hussar2, early 2026

With updates on funding, JV/offtake progress........GLALTH

The RTO plan while still MMM was these assets and drilling asap.

All Hussar permits in place

Good to go......soon

Drill baby Drill

Read his next one m8, he corrected it to 2025

Good point Muck, perhaps AP's badly worded RNA update today via GNW/rns wires, includes long term other debts like BPPM.

Who knows BUT he wants shooting for the incompetent wording today, self destructive to , the markets anticipation of something good

this week at auction and beyond.

What plans to fast track ???????? the company long planned to drill and FPSO, then fell in line with Gusmao/Horta wishes, its ALL comes to the Island, without FACILITIES, no point in fast tracking, needs a home to go to, or as Horta said about Sunrise the other day, it comes here or stays in the ground.

Our plan was FPSO and production by 2028, drilling was late 2024 now 2026, so looking like production more like 2029/30, if it has a home to go to.

What are we guessing the value with now, remember stones from Zimbabwe , average out at 1/7th the price of Namibia, the top of the African premier league table and the average pre carat , for ALL Diamonds (Gem/semi Gem and sanding disc quality) was below $100 a ct

Get the average and our 135k ct , would pay off the debt, so again why for the second RNA in a row, say using multiple sources to pay the debt.

Self destructive comment , beggars belief.

Then why put such a self destructive line in the RNA over GNW this morning, other than so his mates can get 0.13p obviously.

If confident the diamonds would do

using Diamond sales

or

using Diamond sales and new Offtakes

would have held more Market confidence, why add OTHER, which all know usually means Placings, Secondary placing warrants , or cln's

NOT what anyone wanted to read.......GLA

Agree, he could break the habit of a lifetime and get a new deal, that has major impact

Tajikistan, CM/REE with US funding links for offtakes...........would knock the sp's sock's off.

Tajikistan, current Tacob/Talco and Aprelevka already planned PRODUCTION increases

Romania back to mining, been a money pit so far BUT may one day turn some PROFIT, not just insufficient revenues.

Zimbabwe, a return to mining for more Diamonds (regular sales not just this one off)

So not all totally doom and gloom BUT he has to start delivering more after 12 years, of nothing but pump and dump placingconfetti, consolidate and do it again.

Only sub 10kct left/kept back.

And todays RNA , just like the results RNA 31st October, does not inspire confidence of a Diamond Jackpot, with Vast/AP commenting

DEBT

to be cleared by Diamonds, New offtake agreements and OTHER funding arrangements.

Like all good wires, the Exchanges own rn service, picks all source material up, one ups its own serial number and relays the lot, originated on it or not..

Both RNA (announcements) are GNW not rns, vast rarely ever originate on the real lse's own news wire rns (service). When this lse (south east) or others have problems, often the case, the originated on GNW BUS EQN EQS PRN BZN and about 3 others plus the non regulatory REACH (Brokers notes/other media)

They tend to fall back in sometime later in the day, could be minutes , could be hours.

Only reliable on at 7am is the real exchange LSE, the rest all feed of it....GLA

https://www.londonstockexchange.com/stock/VAST/vast-resources-plc/company-page

The first two sponsored by Boil (Now SNDA) , With Chuditch the main brief, Sundagas has had stall and podium duties at all, SG also gave seismic briefings on all area, not just Chuditch. All have been well attended and did nothing for their bid round, only 9 bids on 7 of 18 Huge licenses.

The World has known, what lies in the TL section of the Timor Sea, since the 1970's, countless big fields, drilled and drained and continue to do so, in the Australian and Indonesia sections of the Timor Sea, all on trend, with TL waters the under explored filling in the sandwich. The latest Santos Barossa, going via new pipe to Darwin East Complex that has been IDLE, for getting on 3 years, while new pipe laid and Bayu-Darwin REVERSED for carbon capture.

It, as it always has been, when do they come off the fence, probably the same answer as it's been since Gusmao spoke in Parliament in 2002 (first PM)

Not until the talking stops and some pipe/refinery BUILDING starts or becomes officially FUNDED (Was $16 - $18 BILLION - now modular etc a bit less)

Lots of Roads and other Infrastructure and many millions spent annually for many years, on site clearance, coastal/port preps, new homes for those uprooted, loads of roads and a highway, for connections to 3 sites, Beaco, Metinaro and now all roads lead to Natarbora.

One day they will build the only thing that counts, a PIPE/S & PROCESSING home for the Oil and Gas onshore TL.

The oil side still ok for the moment, small refinery at Betano still operational, under original Tasi Mane, to be expanded and refurbished, latest a NEW refinery and petro-chemical plant also at Natarbora....

23 years of imminent to the Island talk, time to BUILD...........GLA

Why not, it's once again an investing Trader , bottom pickers dream.

Remains and Investors , nightmare.

We hope so but that could just mean, BPPM coming back online with new agreements, which has been nothing but a money pit, drain without a plughole so far.

Fingers crossed, its really a NEW deal , that finally turns a buck in PROFIT's, not just AP's blagging revenue statements.......GLA

Revenues minus costs = the real facts.

This mornings RNA with the companies own words, say otherwise, the debt is supposed to be around $12m, yet this morning

Diamonds, new offtake agreements and other funding TO PAY OFF DEBT.......

Does that sound remotely like, AP thinks the Diamonds will bring much higher

Ave for all Diamonds out of Zimbabwe x 7 , less than Namibia.

As posted last week, will be a vast RESULT, if the resulting total for ALL the Diamonds, clears the debt.

That's transformational on its own, Vast priced to FAIL, debt removed, a debt free company that can GROW.......GLA