Member Info for ihavenoclue

Erebus ... the placing earlier this year covered work at Ingomar but they may JV it and the other party to pay for the drill there as part of it. They will have the results from Ingomar well before October IMHO

"Forgotten that, glad the market did too as too RNS that additional wells "will be" financed through cashflow and then have quite a heavily discounted placing to do same only 8 weeks later was quite naughty really imo."

Naughty ? It accelerated a two year program down to one. That kind of change of tact I don't mind one bit TBH If you do the maths it would have been difficult to fund $2.6m from production when it starts in late summer and the plan was to drill in October,

"It however now looks like despite winning the FA cup we’ll be kicked out of the Europa Cup. One of our owners has interests in too many clubs who have also qualified."

If that's the case that's a shame as you certainly deserved the win (unlike Spurs ... or even Man Utd if they had won)

"kaeren- i’m always happy to call a truce with people unless they **** off crystal palace or my wife."

3LB ... a CP fan. As mentioned I support Villa and I haven't seen an attack like CPs in football. They way they moved reminded me more like a baseball court rather than a football pitch. Very impressive attack for sure.

"I actually stumbled on it about 8 months ago whilst sitting on cash in my SIPP waiting for a crash that hasn’t yet come"

Wasn't that being pushed as "the big reset" and a huge crash ? Dis you buy into that ?

Josh ... they will drill Inez #1 and test and from that data if will give them more info on the southern dome on the best place to drill.

"Wow, what a day.... The day started with JH stating "Ouch"."

Yes ... and let's not forget that. With his snotty attitude thinking he knows better than others and he has proven he is the one who "really has no clue" ;)

"It looks like they can mobilise and drill a new well in say four to six weeks ."

More like 2 - 3 max.

"Please stop trying to be relevant. You’ve lost credibility on here over the last couple of days."

He had some to lose ?

Span ... yup that's exactly what I thought too

I was interested on what todays news will do to the market over there. You can see why he wanted the listing when he did.

"Would there be any benefit in waiting until after the next drill to update this ?"

Perhaps ... but he has already said there would be an update and it should be quick. It doesn't make much work to update after Inez #1.

"Can anyone shed more light on who the large private family office are who took most of the new shares? Is it common in the US to have such investment families?"

Mafia ?

"I still find it slightly odd they haven’t decided the 5th well location in advance. But they clearly know what they’re doing, so not a huge concern for me."

Lord .. isn't the southern dome more of an unknown ? So makes sense to drill Inez #1 and let that data guide where the 5th well will go ?

"Supersport. That is a key point you make. Weil basically proves up Rudyard to be a continuous super Helium structure which we can basically punch holes into a produce from."

3LB ... hmmm not so sure about that. They already knew what Weil #1 would produce and also Darwin #1. It was the Linda #1 results that proved the strategy was correct.

"Not all PI’s are traders. Just as not all billionaire private families are long term holders."

But a chunk of shares to a PI is worth a lot more to them than a billionaire who have a LOT more patience to just keep hold of the shares. Having said that I get your point but there is so much decent news in this RNS to balance out the loss of opportunity IMHO

Brent .... my first thought was "placing ... wth?" then I read the RNS ... and reread the RNS ... and read it again as there were quite a few nuggets in there. The placing is the only negative but what you get from it is pretty stunning IMHO

*5 wells producing $20m by year end. Industry standard - 5 times revenue so adds $100m to market cap. $100m is currently £74m so divide by 185m to get 40p a share. I am unsure how the resource is added to market value but could be 2bfc by year end after the 2 south dome drills.

*Bo stated 6 wells producing within 6 months of start of production so I took 5 producing by year end.

"Nice to see HEX, being rated as a must have stock, can see this heading to 50p over the next 12 months."

On Rudyard alone 50p in the next 6 months ... then there is Ingomar to come next month.

Tommy .... takes a decent person to admit when they are wrong so fair play.