Member Info for Just_us

Hi board,

Firstly great news from the rns. Well done to Lorna and the whole HE1 team.

Those concerned with drill depth and why they didn't keep going, I think they took what was relatively easy to reach at an acceptable cost to prove up what we have here. Besides 90% would have been moaning if the drill was deeper which costs more and would of meant more dilution.

They really are in an impossible situation. No matter what they do some people will twist and moan about it.

Keep up the excellent work HE1.

Wishing all invested here the very best.

Gregorio, as they stated in recent presentation. They have one shot at this, so they are going to do it correctly.

Don't know about you but i'd rather have something that's slow and perfection, than fast and shoddy.

Unfortunately Blastoid only you can answer that. It's all about what you feel comfortable with.

Don't really have an exit plan on this one, was always a LTH for me. Which really dictated my strategy.

When I made my initial investment it was at probably 5% of what I'd normally invest. As I guessed raises would be needed. I Accountated for 5 and then reassess.I don't add on dips etc only at raises.

Initial investment small

0.25 raise added heavily at 0.22

1.5 raise added only to avoid dilution

0.5 raise added heavily again at 0.56

Have a healthy holding at a healthy average of 0.46

It was all about managing risk for me on this one. Yes I may be missing out by not being overweight on it if it does explode, but I also won't be crying if they need to raise again. Hope this doesn't happen though for all those true LTH

Sorry for board hogging.

GLA invested

Hi RJ, I was just stating that it's expensive, I'm all for it long term. And by no means meant my post to be negative. I think it's just an initial cost that we could do without. Especially if we go it alone.

Now in an ideal world somebody throws $100 million at us for the plant, Geothermal power and first stage development. And a cheeky return to TAI.....

😉

Hi Strop, with regards to the hydrogen it's pretty simple. And again I'll state that the plant size of 3mmcfd is what I'm using for reference.

Calculation as follows,

2.2%x3000000 =?

Then divide by 424 gives you hydrogen production in kg

I came out at about 151kg per day.

Sells for $5/$6 a kg.

Wether it could command a premium for being clean and green is beyond me at the minute.

End case, I see it as a byproduct at this point.

I did mention in an earlier post that I'd look to use it to power the plant. To which people stated geothermal would power it.

Geothermal is expensive $7-$8million from what I researched. I think that's a cost we could do without at this time. Unless someone else is picking up the tab of course.

Down the line as field development continues and hydrogen quantity increases then that could pay for the geothermal.

Just my view.

GLA invested

I think every oil and gas play in the world has the ability to knockout water doesn't it? Due to drop in pressure and temp on the way to surface, I think it's a given that some water will be produced. And to not have the ability to knock it out, would be just crazy.

My thoughts.

GLA invested

Inky used to do this all the time on rr, £1 before £2, £2 before £3, £3 before £4. It's just his way. And was completely wrong on that one.

Not saying he is here, but that's just the way he is.

I agree RJ unique = never encountered before.

GLA

Pressure increases with depth, think bottom of the ocean. Plus concentrations maybe higher deeper.

Should have asked LB at the presentation maybe?

I'm guessing that the gas is captured in liquid which exsolves when the pressure drops on it.

But who knows.

As I have stated before CP, I never thought this was going to be a one well gig.

Just my thoughts.

Wish everyone invested the very best.

Hi CP, may have something to do with this being a unique play? Not a gas cap but a fracture play?

They may just have to prove that it will flow for a period of time? Current flowrate may already be good enough?

Sorry! had a few. Should have said that will give you figures for a 3mmcft plant.

It's all about the size of the plant, not one hole. It was never going to be a one hole wonder because of the lack of hydrocarbons. Think of a field full of nodding donkeys in America, multiple wells linked.

Use this calculations and insert your own percentages. And remember plant is scalable so x2 x3 x4 x6 etc for further field development ie more wells.

Percentage of helium x3mm =

Divide by a 1000 then multiply by the helium price

Hydrogen a bit different

Percentage of hydrogen x3mm

Divide by 424 as there's 424 cu ft of hydrogen in one kg.

Gets really intresting withe the larger the plant and uptick in helium concentration.

Castle? Odd? It takes 400 and odd cuft of hydrogen to make 1kg which sells for between 5-6$.

I did work it out on a 3mmcft plant and I think at current concentration was about 900$ a day.

Helium is the prize here.

Love cheese and onion ;)

Sorry board but the hydrogen whilst a great byproduct is really not worth that much in monetary terms. At current concentrations and flowrate.

I'd probably look to it for powering the plant.

My guess, in stages.

Run up to EWT 2p

Good EWT 4p

Granting of ML 6p

Securing finance 10p

2-5 years 20p

5-10 years 40p

But as with anything sentiment is key, whiff of JV great EWT results Roger jolly is right could be anything.

Just my view.

At no point did sharebel say that was hex rns therefore could be misleading. Implying delays to September.