Member Info for Kellysheroes

I agree completely! With much infrastructure close by this is going to be productive much sooner than any other new Helium prospects as far as I can see.

I agree with the sentiment here. Just jumped back in as there does seem to be a realism about what they are planning and I liked the fact they are working with the artisanal miners and creating a positive "team" approach.

Can someone share the X link please.

Here we are in the first half of August so accounts should be filed soon and hopefully an update on flow rates.

Hope so for all our sakes.

This all looks positive! More to come I think.

Added another bunch today, 857,826 and I know it is academic that it shows as a sell on here when it was a buy!

Thank you Iwonttell. I appreciate the considered and well thought out explanation.

Agree with your sentiment on putting this into perspective, an approach I often take in life which goes back to my military days.

Good luck All.

Lol, I have 21 million reasons to hold my breath!

I for one was interested in your info about what happened at ZPHR. Hope that something similar can happen here with BCE.

ManuelD, I get it, no explanation needed for me! Onwards and upwards!

Environmental Approvals

In addition to demonstrating the physical suitability of the location for drilling, the recent Site Survey operations also provided an opportunity to collect environmental samples, data and images which have provided critical information for necessary environmental approvals. The preparation of precedent documents to support a full Environmental Impact Assessment is ongoing with the assistance of a contracted Timor-Leste specialist agency, including plans for public consultation exercises. The Company's Health, Safety and Environment ("HSE") personnel are in close liaison with the HSE team at ANP in working towards delivering comprehensive assessment of all safety and environmental aspects of drilling operations and the Company is on schedule to secure all necessary approvals prior to anticipated drilling operations.

Drill Funding

The Company continues to seek additional funding partners to participate in the drilling of the appraisal well. The recent Farm-Up by TIMOR GAP to a 40% working interest in the PSC, including a 20% paying interest, was an important step in a plan to bring together a strong investment partnership around the Chuditch project, aligned on timely development of gas resources in the interests of Timor-Leste and all other stakeholders of the Company.

Discussions with certain additional parties continue and are progressing forward in line with the board's expectations. These parties include potential strategic investors into the Chuditch project and enterprises with an interest in developing and / or taking the gas resources to market. Whilst there is no certainty of any of the discussions reaching a completed transaction, the level of interest is encouraging, and the Board are confident that there will be no impediment to drilling the Chuditch well on the planned schedule.

Hope this helps. but as always DYOR GLA

As this site has not pulled across the last RNS with reference to what is happening I am post the Well preparations here for peoples reference.

g.

Well Planning Preparations

Site Survey and Well Location

As announced by the Company on 16 April 2024, SundaGas completed a physical assessment (a "Site Survey") at the planned site of the Chuditch-2 appraisal well, work which has enabled a drilling location to be confirmed that the Company considers to be final. As described in the announcement, the well will be situated 5.1km from the original Chuditch-1 discovery well in a water depth of 68m. The predicted vertical column height of gas in the Jurassic reservoirs at this location is 149m.

Well Design

SundaGas' experienced in-house drill team has conducted extensive design studies for the Chuditch-2 well construction, enabling detailed specifications to be fed into the ongoing procurement processes highlighted below. Analyses of borehole trajectory, stability, drilling fluid, liner and bit requirements are all enabling a plan to be developed for the effective, efficient and safe drilling of the appraisal well. Design work on a planned production flow test (DST) for Chuditch-2 gas, led by SundaGas' well test engineer, is also advancing apace.

Workshops are continuing on a regular basis with the government regulator Autoridade Nacional do Petróleo ("ANP") and joint venture partner TIMOR GAP, and the Company appreciates the strong collaboration from both parties on operational and logistical planning.

Procurement of Drilling Rig and Other Services

The Company is in detailed discussions with the operator of a rig that it considers suitable to drill the Chuditch-2 well. These discussions are of a technical and commercial nature. The schedule of activities planned by other operators for the target rig means that the Company now believes the most likely commencement date for drilling operations is Q1 2025 rather than late 2024 as previously indicated.

In addition, the Company is moving quickly to procure many of the other materials and services required for the drilling campaign. Numerous tendering exercises have been undertaken or are ongoing, including for borehole casing and wellheads.

more to follow. for info

Well quite frankly I am using this opportunity to buy more. Even if it is raising my average!!

Thanks. It works now as well, panic over!

Off topic but has anyone else had trouble logging in to H&L this morning?

Let's hope that the cost reductions are being dealt with properly and that staff that are retained are capable of pulling off the remedial work required to get a stable flow rate.

Fingers crossed!

Yep, doing my best to ignore and wait for the real move up on the fantastic news!!

I second that Kutzz well said Catbert!

Just the Spain to go in the Euros....England Expects......no one expects the Spanish Inquisition!

Come on Eileen!

Morning,

09-Jul-24 08:25:04 0.342 1,023,391 was my BUY and not a sell.

Looking forward to the news on the first set of results.

Clearly this is one of the best kept secrets on AIM.

Keep loading up as when it goes it will go big.

IMHO

DYOR and general alphabet spaghetti

Have a good weekend all!