Member Info for ihavenoclue

Clink 1 is helped out by $1m a year from Amsden which I feel will be needed as I feel Charles will be a lower % than Darwin.

I don't think Flathead will be stimulated in Clink 1 as Bo mentioned a re-drill on Ignomar back in December so they must have known of the issues stimulating Flathead back then.

"They chose Amsden first to test, and now Charles and Flathead next??"

They didn't chose Amsden ... it was the only formation they could take readings on and which flowed. Both Charles and Flathead was blocked by drilling mud used to stabilise the shale. Charles is easy to stimulate as they can use HC acid but apparently need to use HF acid on Flathead (the geology used as an excuse but not sure why when it was the mud they were supposed to be moving).

Flathead may never be tested on Clink 1 due to the difficulties and expense of using HF acid and due to this they have been planning to re-drill a few kms away in Q3.

Last month I stated that I thought it would be the second half of March when any Charles results land, based on how long it took results from Amsden, yet I was told I was wrong etc. And now the same ones who said that are now saying "news vaccum" and "it's late" etc.

"!He's spot on with the RSI bit"

What ? How can it be a reading for 4 years before the company formed ??

I am not sure if gas samples can go priority mail.

" They’re probably sending the samples to the lab right about now and that could take 3 days turnaround"

During a meeting late last year DM mentioned that the Amsden sample was "at the lab" ... the results came almost 2 weeks after that. The lab is in IL so it will probably take 3 days just to get there.

Stas20 ... thank you for the lovely comments.

I prefer Telegram chat as there are a few there that are much more in the know than posters here. Any Investor presentation link I have posted on here I copied from there so I have allowed quite a few to attend meetings they wouldn't already know about so that is why it is preferable to just posting here. I have seen quite a few familiar names join Telegram chat today so it's all good.

"Why is it that so many people come on here to tell us to go elsewhere, in this case to telegram, - what's up with just using this site as it was designed. "

BB put a link up ... I said the writer was in the Telegram group. So nothing of what you are whinging about actually happened.

Most of this thread has been people replying to poster who most have filtered. Telegram chat is a LOT better than here but you stay here and whine a little more.

BB ... do you have the Telegram app ? If not, get the app ... white paper aeroplane shape on blue background and then do a search for "helixexploration" with no spaces. Has a pic of DM ... request to join and wait to be accepted. There are currently 361 members.

BB ... are you on the Telegraph chat ? Charles is a member on there

Lord, if Charles isn't great that won't do much for the SP but it won't be long before the start drilling the second production well at Rudyard and from that point there are several milestones to take us up to production in July

"If the work in Charles did indeed start on 25th Feb as JH indicated. Then they should certainly know if Charles is flowing by now?"

Amsden flowed too. It's not the flow its the % He that's important. And Stas ... leak ? Come on ? It was hammered down for some larger trades and just bounced back to 15.5p. I wish people would stop reading too much into it ... roll on April, May and June with drilling at Rudyard, presales and construction to enable production.

They did say they would announce when they have flow and sample analysis.

"Having said that, I feel they are underplaying Charles a bit. I don't know what is going on. Are they doing the acid work right now? Is the crewe on site? I know they have rigged up but are the tankers on site or still to arrive. So we have no clear idea if the 10 days has started or not. This makes the immediate term SP fidgety.

"

Skippy, the crew will do everything including the rig so the 10 days has started and we are at least 3 - 4 days into the 10 day timetable IMHO

Stas, I agree. Before the news they were just going to test Charles I was all for taking the time to stimulate Clink 1 to find out what the Flathead held. Then when I found out it wasn't being tested I felt like it was more of a risk to the SP rather than a possible boost and would rather they parked it and just focused on Rudyard.

"I agree IHNC, though I think I’m probably a bit more pessimistic than you regarding Charles. Generating income and proving that Flathead is capable of decent sustained flow rates would seem to me to be by far the two most important milestones ahead capable of triggering significant rerates. "

Hi CC, more pessimistic ? When I saw they wasn't going to test Flathead I discounted anything found in Charles to have an effect. I am not even sure it will be commercial even with the $1m a year added to it by Amsden as even if it flows it will be a low % He ... something like 0.6% at best.

I would love to be proved wrong but I believe any boost from Ingomar won't happen until the new drill in Q3.

Tiburn, do you not think pre sales info will be one of the biggest drivers before production ? I feel it will be as it will show the market HEX can achieve what they said they would even before they start producing.

"Charles result - if proven commercial flow success - could unlock the mcap valuation constraints and allow growth to hopefully achieve at least Rudyard reasonable valuation in 2025 - circa SP 60-80p on this basis."

The big one for Clink 1 is Flathead. If that was tested I feel that would unlock market cap constraints. Charles has decent flow just like Amsden but won't be anywhere near 2.5%. I work out at 0.6% so Charles will be less commercial that Darwin 1 IMHO

Only time will tell, and I hope I am proved wrong about Charles, but I wouldn't expect results early March.

"So IHNC ( who he?) says its 0.5%. and Amsden can be added"

Nope I didn't. I said Bo did during an interview. Have you not watched them yourself ? The only stats we can go on are the ones given to us by the company.

Bo stated in an interview that 0.5% He was commercial. Amsden must have been below that to be labelled as non-commercial (even though it would add $1m a year if Clink 1 was used for production.

£LB ... the picture taken yesterday backs it up as they already look a few days in to the 10 day program.