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From their plans as laid out in the presentation and interviews done since listing , the $9.3 million raised at ipo will be spent as follows;
1. Scoping study this quarter
2 One appraisal well to be drilled and extended flow test Q3 ( costs $2.5 Million)
3 option for a second appraisal well
4, Feasibility studies in Q4.
5. May acquire additional project.
Next expected news due soon is the rig contract .
The ipo share flippers look to be nearly done imo.
Caesar, imo 30p £36 million market cap) by well spud is realistic.
On sucess who knows could do a he1 and get to £100 million market cap.
The big advantage hex has is the proven experience BOD especially the ceo, the project location and is fully funded for next 6 to 9 months .
Agreed with UPl comparison. BOIL should be similar market cap which is about 0.20p.
On a successful well drill who knows where this could go ( at least 0.60p imo ).
I think a JV news here is pretty close listening to recent AB interview.
Helix on twitter. Give the account a follow;
https://x.com/HelixExp?t=7QsouO2pM4IopH1lYWy-KA&s=09
Interviews here for you;
https://youtu.be/2uIlWZKSvYY?si=3AVpAE2vN2cNcUJJ
https://youtu.be/WPBVtIHacJM?si=voltshMgK4aE7-V_
I have been in and out of boil many times over the last
few years . Mostly with profits but took a few losses too.
The Company had good assets in Peru, UK and only one remaining now is Chuditch. Its s huge company maker asset to have and located close to major gas markets.
Andy Yeo former ceo I never had confidence in, imo him and the former chairman wakefield were using boil as a lifestyle company.
Since AB took over as ceo , I have invested in boil ( instead of trading as in the past).
I hold at about 0.055p average and imo if all goes to plan this could 10 bag from that level this year.
I have confidence in AB that he will deliver here finally. So far he is doing a brilliant job.
All imho.
I will second that Jarv. A new beginning since Butler was appointed as CEO. He is the key reason I bought more here recently as I have full confidence in him.
Top class ceo whose track record speaks for itself.
Very reassuring to hear that from Andy Butler.
Boil definitely has a top class competent ceo now in charge
Https://twitter.com/AiMTrades1/status/1780357573201277174?t=oubZX7ex7-PhahthoiLzVQ&s=19
Alan's do some research please. Even Tanzanias oil and gas resources are more important financially than any future helium production from Rukwa region.
Is all about how much you can produce and how much money can generate.
Tanzania is already one of the world's largest gold producers and generates far more money from that than ever will on helium.
Is the UkOGs Gatwick gusher a game changer for Europe?
Just facts and no baseless hype.
Pubcrawl , just to correct you there, Algeria which is in Africa does produce Helium.
And also to remind you that Rukwa ( contains he1, noble etc) will never be a game changer for Africa. May be will significantly contribute towards Tanzanias economy but Africa is too big for any rrukwa elium production to have impact.
There are more important oil and gas projects all across Africa that generate many times the revenue that rukwa ever will.
Just my small contribution .
An interview today with Bo Sears helix CEO
Https://youtu.be/2fu8kYfjZho
This is significant and he1 investors should take note.
"Readily available infrastructure ".
Having a discovery 500 miles away from the sea port in remote Rukwa with no proper infrastructure will be just too expensive to develop.