Legal
I'm sure noble are consulting with the same university/scientists regarding untested extraction theory? Or maybe a different one? It's there in their previous RNS's
Legal
That's what I've been highlighting...that's its very possible that they may have to resort to the same extraction method as Noble, or similar
If after 4-5 weeks 'Analysing' they don't outright announce a discovery, then it's fairly obvious what the SP will do
I highlighted the issues in the group legal. Their extraction method is theoretical and not yet proven. The pilot plant is designed to prove up the method. They've also not flowed nor tested the wells yet. As some highlighted previously with RNS, flowtests don't always go to plan. As Noble have stated as a 'risk' in one of their recent presentational literature. More importantly, because of all the above, they're unable to unequivocally announce a commercial discovery
Hence mu warnings off - if we go down the Noble route we can expect to see the same lack lustre market reaction
Oh, you're playing the smart @ss role too I see chesh
Do you not think Chesh, that i could just show the group that I'm still holding 0.25p? Like how I showed them that I sold my full holding the Friday before the Tai3 nightmare RNS the following Monday? It's already been proven that I don't speak pish laddy. You're in the group and already know this fact ...
Jersey
Im not having any difficulty in answering it at all, as I answer many questions in the group clearly and concisely
Im simply choosing not to answer, as your taking pish and clearly trying to be a smart @ss. I have zero patience for smart @sses both on this board and in the real world...they're a pet hate of mine
Now of you pop laddy
Dreaming
Here is a very good and simple video demonstrating the basic process of a stem test
https://youtu.be/xpuiyXDYUkY?si=gFIaP6OGUchmNPcl
Particular attention to the end, where I highlights that the data is analysed 'live'. It has to be to be able to determine whether or not the test was good etc
They also had the added addition of using baker hughes downhole imaging services/tool that again, for gaining vital net-pay thickness etc aswell as targeting zones for testing and packer placement etc etc
Jersy
It's hard to tell if you're taking the pish or not. You're invested in a oil n gas, yet do not know the significance of a flowrate/thickness/volumes/permeability etc etc?? If you are having to ask such a question , then I strongly advise you do not invest in OnG until you know the answer
I hold at 0.25 with my initial investment back in my pocket and more
Yeah, Jersey, I've clearly explained numerous times the process
Here you go again = you test the well and then you release the data obtained via the testing of the well to the market
Its a very simple process Jersey, that every single company other than HE1 have used for decades.
Its kind of a common process in all industries, you know testing something and then letting the market/people know about it
JS , as you know I have the liberty of having a no doubt fat 0.25p cushion to fall back on + its a free ride. Not everyone has that liberty. People listening to the rampant rampers and contemplating buying in big at this price, as a consequence, need to tread carefully is all I'm advising. A wee punt, that you can afford to lose, no bother. Or even LTH one is going to punt with no worries of any potential drawbacks and fluctuations, between now and it being a £ share in a few years fine. Someone looking for a quick buck at this price = very risky
Amen 🙏
Right so Jersy, you've just demonstrated that you know nothing about the process and have just resorted to cut n pasting out of context material.
Right here it is in layman's terms. A test driver is hired to test a newly developed racing car. The owners want to know what kind of speeds can be attained on the track. They speed monitors all around the track. They log/speed of the car at various points, corners, straights etc. The speed is analyzed and viewable as the car is driving and gathered upon the conclusion of testing.
They then release an RNS to the market/investors stating, after testing the car over so many intervals blah blah, we are glad to inform the market that the car is 'drum roll'...FAST. the end.
Thats literally what HE1 have done, omitted VERY basic and standard data, that no other company on this planet has a problem issuing upon completion of testing. Simply stating 4.7% minus all the other critical well test data, is as useful as a fart in the wind, or asking someone 'how fast does the car go' and them simply replying 'Fast'
Jersy
Do you know what a stem test is and the purpose of a stem test??? If you did, then you would know that you literally interpretate and analyze the data live. They have sat on a mountain of data for 4 weeks now. Data that every other single exploration company simply issues in the well test results RNS. I'm really struggling why such a simple fact of matter is so hard for, so called intelligent beings to digest.
Wyb
You're 110% correct, we were due well test data over 4 weeks ago. Basic data, analyzed live and posted along with the Well test results RNS, just as every other single company does upon completion if well test operations. The data does not take over 4 weeks to analyze. Anyone claiming otherwise, is a moron who hasn't a clue what they're talking about
I think the fact that the SP is still sat at 2p after a supposed HUGE discovery announcement (going by what the ramperholics are claiming) kind suggest it won't doing x10 anytime soon
They obviously need to actually announce a discovery first to get a gauge on what the SP might do
Pub = brainless rampant ramper, who posts pure Fluff, minus anything of technical value
Investors with more than half a brain, know to weigh up ALL scenarios and prepare to act accordingly dependant on what scenario arises
Only brandead morons walk into a high risk play with their blinkers on
Expect the worst and hope for the best
Amen 🙏
There's a BIG difference between a discovery and a commercial discovery. They've yet to confirm a commercial discovery, despite having all the tools to test and the desired results such tools deliver to do so
https://www.wired.co.uk/article/huge-helium-reserve-discovered-in-tanzania
It's been called a discovery for nearly a decade. DST, stem test results would give them enough data to call a preliminary discovery or not. People who don't know drilling are just assuming this is normal standard procedure, trust me its not. You publish well test results I the well test results RNS. Try and find a well test result RNS that doesn't include flow rates/volumes data...you won't