Member Info for LiveLongnProsper

Agree, seems very upbeat indeed.
Probably overthinking the ‘use of English’, but “identified targets” vs (say) ‘targets that are / might be identified’, is phrased very positively?
We know we have at least one ‘show’ and this seems to imply more than one target identified.
GLA

@Magoo247, familiarity or not, I think this is very likely the case. Particularly having lost a drill stem 9m into a ‘zone’. ‘Once bitten twice shy’ (pun intended).
Let’s hope our patience will be rewarded.
GLA

From the May 2021 Investor presentation page 17 …
“• Q1 / Q2 2021: 200km Seismic COMPLETED
• Q2 / Q3 2021: 3x exploration wells (4th optional well)
• Q3 / Q4 2021: Field Appraisal Drilling and 3D Seismic
• 2022 / 2023: Fast track into production”
Plans can change (particularly if we make a significant discovery).
GLA

Yep, the plan was for 3 wells by end-Q3 followed by a 4th optional well. However, as I previously noted, just needs a significant discovery at Tai-1 for plans to change. For example (my speculation) …
Move to full appraisal at Tai-1, followed by production?
Farm out other targets?
Acquisition?
GLA

Market 'liked' the tweet, 5.5m trades in 1.5 hours, just a few of the buys from shortly after twit post ...
09:11 28.00 60,990 27.50 28.00
09:11 27.88 350 27.50 28.00
09:11 27.88 100,000 27.50 28.00
09:11 27.88 100,000 27.50 28.00
09:10 27.88 17,867 27.50 28.00
09:10 28.00 50,000 27.50 28.00
09:10 27.84 50,000 27.50 28.00
09:10 27.84 100,000 27.50 28.00
09:10 27.84 100,000 27.50 28.00
09:10 27.84 85,819 27.50 28.00
09:10 27.88 1,076 27.50 28.00
09:10 27.78 62,359 27.50 28.00
09:10 27.78 100,000 27.50 28.00
09:09 27.63 62,359 27.00 28.00
GLA

Re 'clues', how about the Geolog container unit and crates ...
https://www.geolog.com/services-category/0
Look like the right folks with the right kit to be helping us?
GLA

This is a potentially global strategic asset, so a significant He resource find will have big implications, including Tanzanian government interest.
From a business / operational perspective we could see …
Change of plan to move to full appraisal, leading to production, at Tai – ahead of other targets?
Farm out of other sites?
Possible acquisition?
Going to be an interesting few days.
GLA

https://uk.investing.com/equities/helium-one-global-ltd-advanced-chart
Try this.
Cheers

From LondonStockExchange site (note – the download seems to have flipped to GMT).
The 17:06 trade is probably spread betters closing out, the 3x15k of possible interest for mic code, trade type and venue of publication.
XOFF – off exchange, TNCP – not contributing to price, ECHO – platform, SINT – systematic internaliser (II dealing on client accounts). Volume of these sort of trades quite low, but seeing a few more like this recently.
https://www.tradecho.com/about-us
2021-07-28T17:11:54.000 GBX 26.499 15000 3974.85 Off-Book XOFF TNCP ECHO
2021-07-28T17:11:54.000 GBX 26.499 15000 3974.85 Off-Book SINT TNCP ECHO
2021-07-28T17:11:54.000 GBX 26.499 15000 3974.85 Off-Book SINT TNCP ECEU
2021-07-28T16:06:35.240 GBX 26.5 30000 7950 Off-Book XOFF P ECHO
16 days drilling since last RNS, must be close …?
GLA

Looks like a sell (spread 26/27 at the time). Maybe SCIR 'realising' another ~£200k, they were down to 5.2m / 0.85% after their last RNS?
Seems we are taking this in our stride and just moving onwards and upwards. Now how deep is that drill bit?
GLA

Courtesy cperkin on Twit ...
https://oilprice.com/Energy/Energy-General/Could-A-Helium-Shortage-Derail-The-Tech-Boom.html
Pushing Avanti, but we will do better.
GLA

At 11:08 spread 20.70 / 21.50, so looks like a buy to me!
GLA

2021-07-26T11:08:51.947 GBX 21.525 500000 107625 Off-Book AIMX AMND P AIMX
2021-07-26T11:08:51.947 GBX 21.5 375000 80625 Off-Book AIMX CANC P AIMX
375k not enough, cancelled and back for a few more?
GLA

Prof Jeremy Farrow supporting daily testing with LFT on BBC R4 a few minutes ago.
GLA

Hmmm, new signup, starts slightly positive, then concerned, now unpleasant, does this 'ring a bell'. Haha, green bin.
GLA

@Evan, yes, as per CawCaw, I think around ~2.5bn warrants after last conversion. Valuation should be on fully diluted basis.
GLA

Crude valuation, simply based on co. reported NPV. Other method are available.
NPV 10% = USD$181.5m
$USD / £GBP = 1.36
NPV 10% = £GPB133.4m
WTI basis $USD = 48.25, WTI current = ~$USD68, uplift = 1.4x
Uplifted NPV = ~£GBP186.7
No. of shares + warrants = ~18bn
SP on basis of uplifted NPV = £GBP186.7 / 18bn = 1.03p
Other considerations – revisions to reserves, production rates, impact of miscible gas flooding, deals, CUDA, things we don’t know about, etc. (Nigeria not considered).
Corrections welcome.
Would just add …
The market will determine the SP , not the company!
The prospectus will be forward looking, even if Q2 not reported by relist day.
GLA

A lot of ‘round’ number trades today, perhaps suggests institutional investor activity …?
By my reckoning (buys / sells not determined) there were …
13x150K, 52x100K, 12x75K, 72x50K, 28x20K, 47x10K (other round numbers are available) trades.
Have to say, considering recent volumes, I’m surprised that we haven’t had any TR1’s recently.
GLA

@FlySeaLSE, thanks, good points.

Just a little odd that scientific measurement is supported by ‘visual identification’.
For the 21/06/21 70m show …
“Micro-Gas Chromatograph showing He concentrations up to 22,084ppm (2.2%) He in gas recovered from drilling mud”. I.e. quantified.
For today’s 552-561m show …
“Helium gas shows identified in stratigraphy above our primary targets from 552 metres to 561 metres as measured by the on-line gas chromatograph”. Not quantified. Same chromatograph?
“Gas show supported by indications of gas visually identified as bubbles in drilling mud returns at surface”. The instrument sees He, on-site team see bubbles in mud – all good.
So why no gas chromatograph quantitative readout?
GLA