Member Info for JohnHenry

Helix has measured up to 55% NatH2 in Montana

Helix’s Clink #1 well at the Ingomar Dome prospect in Montana delivered promising

NatH2 results with the Flathead formation, which yielded 55.2% hydrogen in drilling

mud. During drilling, the mud interacts with the formation, allowing formation

materials to mix into the mud and vice versa. These materials are detected at the

surface using a mass spectrometer as the mud returns from the hole. While the

system is designed to capture formation gas or fluid, insufficient gas was recovered,

likely due to the mud restricting its flow. However, hydrogen was detected in

significant concentrations, spiking dramatically upon reaching the Flathead

formation, rather than increasing gradually with depth. Helix plans to revisit these

horizons possibly with an acid treatment, building on the unexpected hydrogen

results. Helix had thought that NatH2 may be present as another well drilled in

northern Montana saw 26% helium in the mud system. Also all the geological

conditions for NatH2 generation are present: ultramafic (high iron content) rock and

the Wyoming Craton (oldest rock in North America).

Rudyard 2U - Dry Creek: the zone was encountered but not tested.

However, the technical consultants advised of a 73% geological CoS

which we have incorporated. Since Dry Creek is part of a stacked

reservoir, it can be commercialised with the current development plan,

thus we have maintained a 50% commercial CoS.

New to me

Iceman888 can you show the evidence this is BOs plan or is this you simply guessing ?

BBN i thought Seismic was being run over the Southern Dome at Rudyard.

A great deal of churn was achieved on the 23rd.

Yesterdays PA differed from the 23rd in the fact we didnt say a great number of large delayed sells greater than 50k

Imho bottom is in at 15p and we should see a slow move up next week towards 18-20p

Once the production wells come on stream SP should increase towards 76p

Im expecting a 2025 exit target of 100p with positive news on Ingomar and further acquisitions.

Eventually i think the Northern and Southern Dome could support 12 Production wells delivering 24,000 Mcf of raw gas per day delivering around 96,000 Mcf of Helium per annum.

Around $48 Million in Gross Revenue over $33M annual profit

At present the company are going with 10 production wells and $28M annual profit

Interesting that the company view the Southern Structure to be equal in size to the Northern Structure.

Hence once an EFT is completed on the Southern structure im expecting a Total recoverable Reserves of 700 MM cf of Helium.

A 50% increase on the Original CR and Now Recoverable Reserves BOOM

Economic Model

Aeon have analysed pressure drop and rebound results and have calculated that a flow rate of 2,000Mcf of raw gas per day per well can be sustained for five years before decline. Based on an initial three producing wells and self-financed expansion to six producing wells within the northern dome, and using a flat helium price of $500/Mcf, Aeon have calculated:

· Net revenue $115.2 million over 12.5-year life of field

· Peak sustained post-tax cash-flow of $16.5 million per year

· NPV8 of $77.9 million, and

· IRR >1,000%.

Troajean i guess you didnt read the full RNS they wont need a bank loan thats why they raised £5M

"With the expected completion of the proposed fundraise, Helix will be fully funded to bring the Rudyard Project into production and positive cash-flow, targeting first production within Q2 of this year. Early cashflow gives Helix the freedom to pursue exploration and M&A, self-financing development and growing Helix into a strategic helium producer for the USA market."

Thanks stas i was incorrect about the lock in.

However i do think an pre IPO /Ipo investors is selling and has been since the Rudyard new in DEC.

Aimho

EOD you can buy under mid tells me theres plenty of supply

Bid price moving lower as opposed to offer price rising.

TBH i wasnt expecting placings shares to be flipped for 5%

Couldnt agree more Skippy the company has built a massive foundation at Rudyard.

However at present fundamentals dont come into the frame its all about the seller and ohow much supply they have against possible demand. Once gone fundamentals can then rerate.

Skippy i hate to disagree but in HEX case at present the Placing price doesn't guarantee a floor to the price if demand can meet the sellers supply then the SP should hang around 15p if it cant the MMs will drop further to clear.

I post what i see.

medium to Long term there isnt a better invest on aim imho

Not at all i said the other day i would be adding substantially once i see clear evidence the seller is done.

I did add a few more early doors. L2 was looking like the overhang had cleared. However just before midday all changed i suspect the seller dumped another overhang.

Unfortunately the seller has absorbed all the buying.

Buyers look to be on fumes now,

My guess is the SP will need to get back below the placing price to attract volume once again and clear this seller.

The Market does get it and is buying, however theres a significant holder dumping stock.

Until they are cleared the SP has zero chance of moving forward.

I can only conclude around 11:25 another load of stock was dumped on the MMs.