Member Info for kread

Although I think your way out with the bidding war, gotta start with linde at about 20p, then with Musk coming along at what 45p.

Plus pub will want in for his astra Catherine wheel.

Wow Stan your actually quoting dates, good on you.

So let's say we didn't have tanz, what do yoi think our mcap should be?

Any one?

He1 have stated 2m revenue pa from galactica. They have also said further investment will go into galactica, the wells deplete quickly.

There overheads are 4m pa.

Mcnol your post talks of Galactica only, so let's say we didn't have tanz, what do yoi think our mcap should be?

In terms of SP, we are well below where we should be!

Well a lot lower than this, we are 50m mcap BNL 10m mcap, so we have over 40m mcap on Tanz. To high for a project that is years away.

Rns 26 Jan

"Harlequin has given notice to proceed with funding of the drilling of the Hussar-2 well"

You do need to research before posting.

The 138 Bcf prospective

How long has it been prospective and it still is. It's not booked reserves he1 can't add it to their bottom line and it will remain prospective for a couple of more years. Do you disagree with that.

So tanz in the long grass, all we have is galactica with revenues of 2ml pa. Blue star valued at 10ml so that's were I see fair value for us until anything changes for Tanz.

"Come on Kread you having me on right"

You can copy and paste all you like. At this moment in time we proved a pump worked.

All the cprs are if buts and maybes. Ruwka has not been proven commercially viable, iam not saying it wont be. What iam reading is the closing statement of the rns. It is clearly there is a huge amount of further work to do to prove up.

This will take years to carry out as it is such a unique play.

There are helium discoveries being made that bear much lower hanging fruit.

People hear think majors will be jossling for a place at the table. I dont see that, there way to operate is let the minors do the heavy lifting and take on the risk.

A long long way to go and multibillion is just noise, not the nuts and bolts of what's ahead for he1

Why?

"and multi-billion dollar farm-out negotiations."

Think you need to let some helium out of your balloon and come back to earth.

20 days of pumping water in Tanz produced 3 grands worth of helium.

Not really enough for pubs fireworks.

Tanz has got so so much more work to do and is still in exploration phase. We do not no if it will be commercially viable.

Multi billion farm out deals. Get real and grow up.

GMG I really can't help you.

Good to see plenty of DD being carried out as usual.

Waiting for 1 line Stan to pop up with some child like remarks to my posts.

With 50% revenue starting now, what's worth around $15m PA. The "burn rate" effectively disappears.

Well yoi better inform Lorna about that as He1 have stated galactica revenues of 2ml pa.

You both can't be right, and I which one i would listen to.

3p gives a mcap of 300ml, er why would it reach that with 2ml pa coming from galactica and 4ml overheads.

I think its more of a case of fundraiser soon and back to .2p

"institutional "Smart Money" is absorbing the supply at these levels..."

There is no evidence of II's for he1, stop talking drivel.

Support levels etc. Rubbish, this is driven by news and sentiment.

Mcap will be a lot closer to Blue Stars soon.

Agree about the coiled spring, as far as 3 wells before ens of year there was the news peice about ARA at the docks checking capabilities to bring in heavy equipment. So seems like there is going to be a lot of action coming our way

Marko dont be greedy the great info has been coming thick and thin for months.

Was hoping for a lot more info about Galactica, volumes and revenues, seems we have slipped some what.

Wow toffee reckons the that team have arrived well agree with that the Trip talking about a bidding war and in depth negotiations, wow.

Rukwa will not be touched by any major, at best there will be a minnow come along plus a raise from he1.

This is called a unique play for a reason, it's difficult, still unknown and needs a shed load of money and years of further exploration to prove it's commercial.

Lets face they produced £3K of helium in 20 days of pumping water.

Would get pubs fireworks beyond the back garden.

As for the other nonsense about IIs loading up..........really. what a load of tosh