Member Info for ihavenoclue

Can the HE1 chat be on that board as it is getting confusing which company people are reaming ?

I think people need to watch the July presentation ... they are following what they said they would. They said during drilling that they would inform the market if they came across any significant gas finds as they drill down ... they have. After drilling their is Wireline for 1 week and completion for 1 week and then 30 days of testing.

Rudyard means an additional 93p per share for HEX on top of their original asset in the Amsden Formation.

So rather than a lull after the Clink 1 drill news there is further news at the already proved Rudyard asset. What an exciting run to the end of the year this is going to be and hopefully the current SP action will be a distant memory by then :)

www.youtube.com/watch?v=g41owX-H_KE

"Scale of Clink #1's operations matches the size of the prize.

The Ingomar Dome has all the characteristics of a massive Flathead-style discovery with potential for 2.3Bcf #Helium & NPV8 of over $300m.

Multiple stacked reservoirs to be tested by a single appraisal well."

Perhaps they want to release news when all the reservoirs have been checked ?

"When is the next HE1 cash raise , in the near future i think . "

Anytime they need more choccy biscuits in the office.

Trek, always nice to get a reminder of why you bought in on the wobbly days :)

85p would put HEX at £104.5m market cap which was the same as HE1 on Friday

There has been a regular seller which seems to be Oberon but their sells have been matched with buys ... I think the HE1 news, even though the drill part of the news was decent, has had a knock on effect.

Will this be an excellent opportunity to buy cheaply before news is released or a sell off by those closer to the source ?

....at 20.24 ....I hope the seller finishes their selling today before news

Even if using 1.74p the 10% at 1.09 doesn't give e 1.20p

There is very good news with the drill and by the time they release the second EWT the placing shares will have been churned through.

I am currently level so it's all good and I look forward to second EWT. Will also help if BoD carry out a round of interviews to explain more about new asset etc.

At 1.38p I am only 5% down as I average 1.45p after buying before current rise. Not even worth buying more to average down :)

It will be interesting in how the market takes these RNSs.

EWT flow at 7.6 but then hit with dilution. But dilution only 10% and it is to make an acquisition that diversifies what the company has and will add extra turnover.

Is the EWT the spoonful of sugar to make the medicine go down or will the market focus on the fundraise ?

Short term volatility but the acquisition is good news for mid to long term.

You were correct. It's for an acquisition but the timing is awful.

So if someone said "Yes I can confirm it is true" you would believe it ? Hilarious...

That = take... oh for an AI autocorrect that leaves the correct word as it is without changing it

Maybe, I have no idea how long EWTs that to evaluate. If it is a test of flow to test for commercial requirements shouldn't you run it for a set time and know how much has flowed as soon as you stop the test ?

I had my eye on VAST a while ago at 0.2p but dud nothing ... shot up to 1p shortly after. Since then they have had placings even when they wanted to renew the boardroom biscuit barrel.

...is calm and balanced like their management strategy.

HE1 thread is like a chimp of crack in comparison.

Jimmy, not sure it has been made clear how long the actual EWT takes. On the day you are referring to in July they said Phase III - From spud to completion of EWT is expected to take 5 weeks.

On 6th Aug they RNSed the successful deepening of the well and then the casing will be cemented in place before EWT is ran.

So I believe all of what was released on the 6th was part of the Phase III work - spud being commencement of well deepening, cased and then tested - so you can start the 5 week timer from the 29th July.

Mr111888 is just talking about UKOG, isn't he/they/them ?