Member Info for Legalwolf

I think last of the stock at 0.35p is being scooped up. Once this starts to tick up, it will then start to accelerate as the market will see which way its going. I expect GR will pop up during the week as well with bullish updates to fuel the positive sentiment and buying. All imo and let's see how it plays out. GLA

Folks - why can't you all just be happy with your own assessments and trade/invest accordingly. Constantly arguing about it can come across as trying to convince others and/or a lack of conviction in what you are posting. I have been guilty of this in the past and too much mental energy is wasted as arguments are different to discussion.

In very simple terms, there are people on here who are super bullish and will not be turned in that view. RJ is one such person. Then there are others who are very sceptical for a mixture of reasons. Joe80 is one such person. Neither is going to change in their pov whether 10, 20 or a 100 more posts are written on here. So why not just wait to see what the RNS does and does not confirm.

I understand that pov Joe80. But LB used the word discovery in the interviews, as well as talking up its commercial potential and monetisation. But yes, notwithstanding all that, best to wait for the RNS to see what they actually commit to in RNS.

This is going under the radar - with a rising POG, the first bit of positive gold news that KAV release to the market will trigger a big move up. As Ben has said in this interview: "once we start to show some of the results we have coming up it will start to attract more buyers..."

Multibagger in the making here for 2024 imho!

Tbh, I'm not thinking too far ahead here. I'm basically interested in whether they are going to declare a commercial discovery in this next RNS. If they are, then I see upside here regardless of what happens next in terms of the project itself. It's only if they fall short of declaring a commercial discovery and indicate further drilling or testing is needed before they can get to that announcement that I would be concerned in terms of share price and dilution.

Gooner - that's the period when PRD have contracted to take the Rig, so I can't see how Chariot can delay much beyond mid April!

Agreed Scott - that's sort of the point I have been trying to make. But LB sounds bullish enough that they have the concentration and flow rates for it to be "commercial". But let's see what they in fact say about it in the next RNS!

Crusty - in terms of when we will get the RNS, much depends on whether they decide to, or need to, wait for the lab results. If they don't, and it's simply a case of their own evaluation, then "any day now". They might want to wait for the lab results before declaring anything, and that might be the appropriate way to do things? If so, then end of March/early April.

In terms of what next - I don't think they will dilute to monetise the project. Firstly, the costs of monetisation are likely to be outside of what they can raise from the market. Even in the DM days, the estimate was £50 million and that was 3 years ago. Secondly, if they have a commercial discovery, it is really hard to see how one of the majors isn't going to come knocking very loudly to JV into the project, and pay a very sizeable sum to He1 to JV into the project. Thirdly, NHE were hinting they had off takers ready to fund them into production. Presumably, that will also be the case with He1 if they have a commercial discovery. Fourthly, if the costs of going into production are in the region of £50 to 100 million, then it might not make sense for He1 to JV and give away a large slice.

I think dilution only comes into play if they need to undertake further testing, or drilling, to prove they have a commercial discovery. Or if they need to undertake such work to establish the size of any commercial discovery.

Gooner - that is entirely possible, which is why I have been asking about how long it is going to take to drill each target, because we know that PRD are taking the Rig sometime in April. But Char have only very recently said they are "on track" for Q1 and they appear to have put the necessary elements in place. Only snag is whether they need the £10 million from Energean to pay for the Loukos drill? But surely they would have planned the Loukos timeline knowing how long the regulatory approval might take, and have a close enough relationship and contact with the Moroccan authorities to ensure everything comes through on time!

Listening to the two interviews again, LB does sound very confident that they have a commercial discovery. I know there are trust issues when it comes to He1, and AIM more generally, so it is wise to probably wait and see the results of the evaluation, and how they describe this discovery in the RNS. But it does all sound very positive. I have no idea what the next stage will be, and am open to all the various possibilities that have been discussed on here. Will leave it at that until the RNS lands. GLA

Thanks NG.

Yes, if they are on track to drill by end of this month, then we should be getting a RNS any day now?

Here is what LB has actually said in the two interviews covering Itumbula:

4:05 - she specifically says they "need to evaluate the best way to appraise what we now have". (https://www.youtube.com/watch?v=VMkvHfmJupY)

In the more recent interview, terms of the options she mentions: "extended well test at Itumbula West", "deepening Tai 3" or "other scenarios". (https://www.youtube.com/watch?v=OLtoKpXsJoU)

What would an "extended well test" involve and why is it necessary?

What this basically needs is for someone with credibility and knowledge, to basically break down the following for most of the rest of us:

1) What are the components that make up a commercial Helium discovery?

2) Which of these have already been established by He1, and have also been unequivocally been communicated to the market?

3) And/or, which of these have already been established by He1, but we still await the results from them in this next RNS?

This is where someone like KeithOz would really have been valuable imho.

I don't think they need independent analysis of anything, as LB said as much. I'm happy that any lab results will confirm their onsite results.

In relation to this Baker Hughes tool, are we saying that it basically does what appraisal testing would otherwise do, and therefore eliminates the need for appraisal testing? If so, then two GENUINE questions arise from this:

1) Why did NHE not use this tool, or similar? After all, the used Schlumberger for well services did they not?

2) Why did LB mention appraisal testing at Itumbula as one of the possible next steps?

I really don't think there is any point in ramping or de-ramping this. The share price has already settled into its 'pre next RNS' trading range pending the next RNS. That RNS will hopefully settle the disagreements/FUD/ramping on here about flow rates etc and the overall key question of whether He1 have a commercial discovery already, or whether that needs more drilling/testing. So a lot of hot air is needlessly being expended on here arguing the toss.

I don't have the underlying knowledge to fill in the 'scientific' gaps in the RNS, or draw reliable inferences from the information that has been provided. All I can do is to step back and look at things like market reaction and sentiment, and make comparisons with NHE, noting that they sound like they have had similar results to He1 (or even better in that they have announced gas columns etc). This leads me to think that:

1) There is no commercial discovery yet, because the share price would not be at 2p levels?

2) How can He1 get to a commercial discovery without further testing (i.e. appraisal), but NHE cannot?

So overall, like I suspect most of the market, we await the next RNS to see exactly what situation He1 finds itself in, and whether the next steps are to monetise a commercial discovery, or actually to do more testing and appraisal i.e. move closer towards making a commercial discovery. All imo and dyor

At the end of the day, what matters in terms of the share price is not the views (or FUD) of individual posters, but the general market reaction. So far, that has been very positive. We know that there will be regular RNS and/or interviews in the coming days and weeks and it is going to be positive. This will only fuel the positive market sentiment and the share price. This is how it often is on AIM. And that is all that matters really for us as private investors/traders at this particular moment in time.

This low entry point is likely to be gone tomorrow, as this will push up on anticipation. So listen to FUD and miss out, or jump on board for some gains. Choice is yours. All imo and GLA

I haven't been bashing this stock, nor do I post here all that often these days, but I can see that you're still obsessed with me Turd. Seems like you might be missing me hey?

Truth be told, I'm not all that fussed what happens at He1 - I've mostly moved on from it. But if there's another trading opportunity here, and I am able to take it, then I will. However, I really am not fussed whether it presents itself at this price, or a higher or lower price. So I have 'no dog in this fight' so to speak, and am sitting out the drivel being posted on here of late.

He wouldn't be doing all this media if he wasn't about release some really bullish updates imo....

Yes, Char just needs to execute on its plans, with no major hiccups, starting with this Q1 drilling at Loukos. I would expect a RNS to land about this any day now as we approach the "end of Q1". Does anybody how long each of the two targets will take to drill and test? Also during this period, we should get the regulatory approval, which were described as "standard".

Plenty there to kickstart the share price back into life. With the ? that have been raised on here, I'm sure there are buyers waiting on the confirmation via RNS before committing.