Member Info for Jungmana

Boom, the unrisked valuation is 187p

"Helix Exploration

But enough of past charting wins. It is all about finding the new ones. One of the more enjoyable IPO aftermaths has been Helix Exploration (HEX). The shares closed the week at 22p, boosted by last week’s acquisition of the Rudyard Project for the helium explorer, for just $250k in shares and cash. HEX is due to drill two fully funded appraisal wells in Q3 2024, and given that this is the case the raising of the price target here by Oak Securities from 39p to 93p would appear to be bang on the money."

https://zakstraderscafe.com/the-week-in-small-caps-june-30/9690/

Rig mobilisation news expected early July . Should be spudding Ingomar Dome by late July

I bought 75k more shares last week. Imo helix is cheap today at 22p as it was at 11p in April, why?

Addition of Rudyard project ( a proven helium discovery) to Ingomar Dome

This is what the company said just recently;

"Preparations are being finalised for completion of the Heron 1 well and the contractor has indicated that it should be ready to mobilise in July."

Imo 3p+ by next Saturday.

Just add on Monday if you can imo

This is Proactive interview I meant to add to my last post;

https://youtu.be/dEQfIlXLehE?si=y4TpWTB-f6krKzip

I think many investors haven't yet grasped the significance of the Rudyard acquisition. It is a helium discovery and flowed at 1.3% with a contingent resource of 0.48bcf.

https://youtu.be/82ZurkjCgp8?si=bfsS7hbhzm_lNjXa

Excellent interview here and not sure if was posted before ;

https://www.voxmarkets.co.uk/articles/interview-with-dr-zac-phillips-of-oak-securities-8c60d1d/

"We are good for the time being in terms of cash.".

cash level is good for next 9 months "and that gives us enough time to achieve a farm-out " as clearly said in an answer to a question listen from 32 mins to 33 mins here;

Https://youtu.be/kheS1k8z46E?si=iyu-kwTDfPQqGAoO

Trek good observation, I added a little today .

After the Rudyard acquisition this is looking a lot cheap today at GBP 24 million market cap. A big swing up to 40p in the short-term by spud imo.

Market cap 7m.

8m in cash / no debt

significant £150k director buys recently

West Newton 56% WI – To Drill H2 & funded. Europe’s largest onshore *gas* discovery almost 200bcf. Is within PEDL183 which is a huge licence area, with multiple other targets similar to West Newton.

Am praying for a rig mobilisation rns next week.

They better start to buy back shares as had now been approved.

Authority given to buy up to 25% of own shares.

No waste time please

Stocky, it is deliberate imo. They listen to a clear well put presentation and then spin it inaccurately.

Why ? Who knows

Here is the presentation and some need to listen again;

https://youtu.be/kheS1k8z46E?si=ayHFwlEkul_AQAUv

*the chance of success is quiet good for the size of the price

Valueseeker the directors made clear the chance is success is quiet good for the size of the price.

Also block 2A is completely out of the C02 prolific area as confirmed by the Petronas study and clearly shown on the map in the presentation. Is one of the reasons the block is attracting interest for multiple parties.

Also the drilling is scheduled for 2025 start not 2026.

Go listen to the interview again.

Of 25 wells drilled in that area recently, 19 were a success. Thst is enough chance of success for me.

Traded total of 420 million since tge placing.

3p here by end of next week and 5p by end of July.

"Preparations are being finalised for completion of the Heron 1 well and the contractor has indicated that it should be ready to mobilise in July."

3p soon as churn looks to be done. Remember about a third of the 350 million shares issued are in sticky hands including Petrovis