Member Info for ihavenoclue

Gemstar ... I have seen somewhere where it stated that wireline was included in the 10 day timetable and it also states on the presentation it states 10 day timetable and "sample and flow test stacked reservoir system from the bottom upwards" is included within completion. It also backs that up in the 19th September RNS

" Re-entry, wireline and completion is expected to take circa two-weeks with flow testing to follow a successful completion"

As you can see wireline is clearly part of the timeline to completion and not extra to it.

Swissy ... they have already gave the timetable for that. Drilling at Clink 1 will be for 10 days after they have the new rig which includes wireline. Then they will run the EWT so that won't involve drilling.

The same team that drilled at Clink 1 will be drilling Rudyard so they are moving across to Rudyard.

Kaeren, I am not that concerned I will just be a LOT happier once fix is confirmed as then the other aspects of what Bo mentioned yesterday come into play.

Yup he is only going by the mud readings at the moment and needs the wireline to separate ... we should have that by mid October.

Just a bit of consolidation from the rise from 16p as it did around 20p a few weeks back

"Whilst some think this is a binary bet it actually isn’t. "

I disagree as I was referring to this month and not any further than that. Fix the well and the two statements that Bo made about the Hydrogen and Helium become proved on the wireline test.

TBH I don't even want to think of that scenario ... I believe they have the right company to fix the issue and THEN I will be really relaxed :)

Yes I know but that eats into the budget and also will push back Ingomar even further.

It has now become quite binary and charts and SP movement don't really come into it. It's all down to if they can fix the issue on Clink 1 or not.

If they can't then the price will crash probably down to IPO but if they can fix it then we have been shown the headlines that will come from Clink 1 on it's level and type of Hydrogen and also the highly commercial Helium discovery.

This is from the website of Precision Drilling ...

"OPERATIONS SUPPORT

Precision’s High Performance equipment is supported by internal systems for engineering, design, manufacturing and repair & maintenance. The integrated internal functions promote increased reliability, lower costs and enable us to consistently deliver technology innovations to the field.

We control our rig construction process from materials procurement to final commissioning and testing, keeping costs down for you and ensuring the highest quality, timely products.

Our repair & maintenance expertise keeps your operations up and running using our network of service centres and field-based technicians in major resource basins."

I believe they can fix the well, and have bought in and added accordingly, but there is always a chance they will be unable to so confirmation of fix will be huge for me.

All IMHO

" Given the pace of the news flow over the next couple of months it's not impossible we could have everything wrapped up in time for Christmas!"

DM actually said EWT on both Clink 1 and Rudyard all being well with the wells

"Would have liked some comment regarding how much we know or don’t know regarding helium in the Flathead"

Curious, not sure why you feel they can give this info ???? They need to run the wireline test to get that data ... that has been made quite clear so unsure why you think they will have that data ?

Hehex, I think you are reading way too much into it IMHO

I saw it that they were frustrated they were unable to give the data they would get from a wireline test and are frustrated that everyone wants to know the info that that test will give.

Yup strong cash position as there are only 2 employees :) The rest of the workers are covered within the rig costs which are $4.8m max (less due to speed of first drill to hit TD)

"Hex is the number one helium play in the world atm! "

Going by what Bo said it is the world's best green Hydrogen play too !! :)

Littlered ... he didn't hold back, did he ? :)

AimingUp = ChattingBox ... will he ever give up on making new names ?

We will know by mid October if the well fix is successful .... if so it really is game on from there and the easiest hold of a share I can think of building up to the wireline results by end of October .... I am a lot more positive than I was before the meeting but I will be sooooo much happier once that fix is in place and confirmed.

You're welcome Olly ... really looking forward to news through October.

The purest Hydrogen find om planet earth will be quite the cherry on the cake to a highly commercial helium discovery :)

Regards

IHNC

"Did I hear 100 mill a year for the Hydrogen alone ??"

Yup ... as far as I was concerned the second part made it a very positive Q&A

Meeting over .. I hope my posts were useful for those who couldn't watch it ?