Member Info for ihavenoclue

DropD ... a few people from here normally listen in and post snippets from it. I did it in September and got called a ramper but will still do it today as not everyone can listen in.

I belive that Bo has a plan and has done for a long time now, and even though a few things have caused bumps in the road, points such as purchasing PSA for $500k and Weil 1 for $300k are all parts of this and there may be a few more before production.

The cherry on the cake would have been Hydrogen at Ingomar but that's to come this summer/autumn.

Gino .... news due ... PSA refurbed in the next week or two. Early April spud Linda 1 at Rudyard. Late April - helium presales. In April - info on membranes added to PSA (presume onsite as refurb goes up to end March).

May - construction and hook up of 3 wells to PSA through to June.

We are not overdue news. We are going into an active spring and summer. Winter kind of slows things down in Montana. Expect a few extra RNSs - I say this as HEX have a habit of jumping forward. PSA for $500k, bought Weil 1 instead of needing to drill 2 more wells before production.

CC ...will find out in Q3 the potential of the hydrogen. Wish we knew already but that's life

Lack of updates ? Not if you look at year planner.

Starts getting busier from April

3LB ... do you mean listening in ? I will be. I put what was said in here during September meeting then I was accused of ramping for some reason

I think presales will help do that. For some reason the market is completely disregarding Rudyard and Bo saying a $300k "doubles the value of the company" didn't help even though I know he was referring to Rudyard production.

Bo already knows who they are selling to ....he knew back in April last year

3LB ...be better to ask the question on the AGM link. They answered all the questions asked in advance during the last meeting

"no news for months"

By end March - PSA Refurb complete

Early April - Linda spudded (Ooo err)

Mid April - Linda TD

May - Pre-sales, Construction hook up

June - Production

Troajan ... yup IF before the end of June then super but won't be far off that. They can start hook up earlier as they already have two of the three wells they planned for so even better for the program. Bit of paper pain now will be forgotten by July.

"Switch off and come back at Christmas

You wil be 80% up"

??

My stance hasn't changed - as soon as they said they wouldn't be testing Flathead, and would be drilling at Ingomar in Q3, I had written off Clink 1.

If they can be producing $1m a month post tax profit by June/July the growth from current SP will be more than modest IMHO but at the moment the market is still ignoring Rudyard. They can't ignore revenue.

"Will the ‘formality’ move the sp."

Haven't a clue :)

Thinking about it the price maybe higher as value is normally worked out at a multiple of revenue and the $12m will be post tax profit so revenue will be higher than the $12m figure.

Panman .... yup but Clink 1 has been a bit of a mess due to shale issue and they didn't hit the pre-cambrian. They will redrill a few kms away and they will be able to better target that area.

It's a good job Rudyard is going well and 3 wells at $4m a year is worth 75p a share. They plan to drill two more Oct/Nov so Rudyard will be 125p a share to HEX by year end. They are making really good steps towards that and it is becoming more of a formality than a maybe.

"Are they saying they'll soon have 3 wells producing $4M/yr apiece? If so happy days ahead I'd of thought?"

panman .. that was always the plan but now they can do it for $1m less

"And there it is. Just posted. 105k sell for HEX at 8.58am. WTF. How come he saw it earlier and we didn’t. It’s like the Wild West."

L2 ? Trades here, even delayed ones, are 15 minutes behind live

1 - 105k is not a BIG sale and doesn't indicate anything

2 - Probably a sell from someone who expected results by now

Hi PT, the stimulation was used to remove "muds used in stabilisation of shale" and not to expand the well.

I know Charles is limestone and Flathead is quartzite but the drill width should have been plenty to be able to test that formation and would have been had it not been for the mud used.