Member Info for ihavenoclue

DM first part ... boring .... Bo part ... wow !!

Placing ruled out during Clink 1 but that's obvious if you can take 5m from 10m.

They have said, and repeated many times, they do not want to dilute shareholders/investors.

Iceman .... I had a feeling, and it is growing during this meeting, that the RNS will have one hell of a headline but "Purest Hydrogen on Planet Earth" is one hell of a headline and with Helium very likely to be in the very commercial range how can you not be happy ?

DM should have just let Bo do all the presentation as he adds nothing and then Bo comes in and shows us the hand we are playing :)

People still wanting to know the concentration of Helium (as we all do) .... Bo did say due to high Hydrogen the Helium % should be in the very commercial range.

MNN ... that will be one hell of an RNS if they can confirm that. I feel more confident with this meeting.

DM - Important NOT to dilute our investors and shareholders.

Clink 1 is commercial for Helium and need to quantify for Hydrogen to check as it may be the cleanest hydrogen on planet earth - Bo

SP is dropping after that ... maybe it bored people but I feel confident so I am not selling a bean. The thing is they don't have the answers that most people want at the moment.

Bean ... he said they raised $10m .... drilling at both Ingomar and Rudyard was $4.1m (actually less than this due to speed of drill) so with the $500 - 750k new drill cost and very low cashburn so they have around $5m left.

Hydrogen 10% in mud means much more in actual system

Sitting on a very unique system - Bo.

Asking about costs of new drill and costs remaining .... $500 - 750k for the new rig.

So less than $5m for both drills AND the new rig.

Fully funded for all exploration.

DM did all the presentation and now going on to Q&A

10 day to carry out the fix so should be done by mid October and then run a wiper trip and they will then decide if they want to drill deeper. They won't jeopardize Clink 1 to drill deeper.

Showing how they will fix Clink 1 at the moment ... deepen well is a option and I can't blame them looking at the logarithmics on both helium and hydrogen

Yes Bo looks a little frustrated especially when DM grabbed a rock off his desk and went off the reservation

Logarithmic scale almost goes off the scale for Hydrogen at flathead and lower ... stops at the 8k that they drilled to at more than 10%

Discussion on the Hydrogen found ... clink 1 has cheapest type of hyrdogen to work with .... worth $100m a year

Interesting logarithmic scale of Clink one showing the helium shows in Armsden and Charles and then showing better gas shows from Cambrian and deeper ... you can see these later as it is being recorded

All DM so far which is strange as the actual details Bo wrote the book on

They can't say yet the grade of the helium or the commerciality of the well - as we know the wireline will help with that

Going over the drill of Clink 1 ... will work with Treasure State Drilling again in October at Rudyard. Clink 1 is now a known helium system.