Member Info for LAvvocato

It would be good to hear from Harlequin and get their take on things!

It will be either Harlequin or Halo.

Not both....

As per the Harlequin announcement they have already engaged an oilfield services contractor.

It will have to be one of the big players.

I don't remember that.

The good thing about the Harlequin offer is that it is non dilutive.

GEX may have to give up some of the reserves as a result, but that is much better for shareholders!

We know that there will need to be a raise for the Central Petroleum transaction.

I can't see Harlequin offering to fund the well on Hussar and having provided proof of funds for the off take to then get into a bidding war for said off take.

If you were them would you?

I've offered to buy any shares he may have from him.....

I'll buy whatever number of shares in GEX you have.

Then you can put your keyboard down and let the adults get on with it.

How do you know that this was the Harlequin company which signed the deal with GEX?

So sell your shares and start bothering another companies shareholders.

Like I said start grasping the basics, or stop posting.

Come on Deadly....

As has been explained to you on numerous occasions and you still seem to be struggling to grasp.

This is a complete irrelevance.

The money is coming from the US. Why would they activate a company before they need to?

They are likely to have subsidiaries in numerous locations and we are likely to see them use an Australian vehicle for this in the long run in any case.

Please start grasping the basics, or stop posting!!

Here we go!!

https://irtools.co.uk/75/story/176e3f6f-f643-40f8-9897-84846cf562c5

What price inputs for helium, hydrogen and natural gas are you basing that figure on?

I'm assuming that you also have access to the GEX financial models, which show the CAPEX and cost of production figures.

Otherwise its a waste of a comment.

Are you a shareholder?

You mean their company incorporated in the U.K…

Proof of funds is from the US.

This is not as difficult as you seem to be making it.

Because there is a major fundraise on the horizon....

From the Harlequin website under operations.

"Harlequin has a Memorandum of Understanding with Georgina Energy PLC for the exclusive option for the off-take for all of the Helium, Hydrogen and Natural Gas produced from their two assets, based in Australia."

From the Press Release.

"This major milestone with GEX will enable the Parties to jointly develop the required next steps. On this basis, Harlequin have already engaged with one of the world leaders in oilfield services to start a paid study, which will focus on exploration reviews, drilling and completions, transportation of produced gases, development options and field economics."

Can you see them spending money with contractors if they don't have this wrapped up?

That announcement seems to have been usurped by Harlequin providing proof of funds alongside a multi billion dollar family office.

Whilst there was no RNS, Georgina put it out on their X feed.

Agreed.

It's not so much how long is a piece of string.

It all needs to be calculated and worked though, which is the main point I was trying to make.

It's not just the cost, although that is important, it's about having the right resource in the right place at the right time.

Anyone believing, as some posts would have you believ that this is like flicking a switch will end up disappointed.

The BOC helium facility is currently offline as there is not currently enough through put.

A conversation will be needed to get it back into action.

1. If the RNS is not before Friday then it will not be next week.

2. Everyone who is posting about near term drilling seems to underestimate the logistics involved in drilling.

A. Securing the rig

B. Certification of the rig

C. Getting the rig to site.

D. Having the right drilling crew available

E. Having the supply chain in place

F. Three other points that need to be considered

Stop looking for a quick flip.

At the moment this is a good story but GEX don’t have the cash to complete points A to E.

I don’t believe that the free float is big enough to get significant upward traction.

This will need to be addressed.

There is just not enough liquidity.

No.

The proof of funds have come from a family office with a track record and funding to support the Harlequin position.

This is clear.

Whilst there has not been an RNS, GEX released the press release from Harlequin on their own X feed.