RE: Drains-up view13 Feb 2026 21:40
Evening,
Helium production seems to be sorted now, however that’s only part of the business. Recently we have been drilling for hydrogen in one of our helium wells. They started to drill that about 4 weeks back so results are due back very soon.
If we have hydrogen as the company believes this will make the sp take off quicker than the helium production.
We’re due a larger rns next week wheee hopefully positive news will be delivered. I’d of thought if it was bad news we would of heard back by now.
Finances are another unknown, we raised before to cover the cost of drilling 2 wells but we only did one. We have had delays with this helium production so I suspect we are running on fumes right now but with the helium sales due within the next month or so I can’t see we would need the raise. Bo Sears who is running the company has a lot of shares in the company so it’s in his own benefit not to raise too much.