Member Info for london_

Did you watch the interview?

Steps are being taken to make this a PROJECT.

A project allows financing via banks (debt), rather than placings.

Thanks Blu.

Am I right in that they can be 'taken' when the SP reaches 6p? Or can they be cashed in at any time?

Someone mentioned recently that LB has options at 1p, that can be exercised when the SP is north of 6p.

Has anyone got a link to this?

Also, if it were to be sold

Copying and pasting from my other post:

Highlights:

- Looking for ways to use water that He is dissolved in rather than injecting it back into ground.

- LB talks of production 'as and when'

- Internal modelling indicates positive economics (based on CAPEX, OPEX and variables like flow rate, gas:water ratio etc.)

- No hydrocarbons, carbon dioxide etc. = cheaper and better environmentally

- 20-30 development wells needed as shown from EWT/modelling. Development wells are cheaper to drill than exploratory wells + HE1 have rig, making it cheaper/quicker.

- Artificial lift is used in ~50% of O&G projects.

- Electronic submersible pump can be used as needed based on the project.

FINANCING!

- Further financing will be needed (everyone knew this), but will look to be a project which means HE1 can talk to banks for debt financing.

- Once Mining Licence and development license are given (normally 3 months), then they can advance as a project.

GALACTICUS PEGASUS

- is about diversifying portfolio geographically and geologically

- Earlier revenues

- Is 1 step ahead of Tz. 1st development well drilled. Should be going in Q3/Q4 of 2024

Highlights:

- Looking for ways to use water that He is dissolved in rather than injecting it back into ground.

- LB talks of production 'as and when'

- Internal modelling indicates positive economics (based on CAPEX, OPEX and variables like flow rate, gas:water ratio etc.)

- No hydrocarbons, carbon dioxide etc. = cheaper and better environmentally

- 20-30 development wells needed as shown from EWT/modelling. Development wells are cheaper to drill than exploratory wells + HE1 have rig, making it cheaper/quicker.

- Artificial lift is used in ~50% of O&G projects.

- Electronic submersible pump can be used as needed based on the project.

FINANCING!

- Further financing will be needed (everyone knew this), but will look to be a project which means HE1 can talk to banks for debt financing.

- Once Mining Licence and development license are given (normally 3 months), then they can advance as a project.

GALACTICUS PEGASUS

- is about diversifying portfolio geographically and geologically

- Earlier revenues

- Is 1 step ahead of Tz. 1st development well drilled. Should be going in Q3/Q4 of 2024

This part is fully funded for 12 months post EWT no?

On the last raise, would love to hear what the strategy/opp was from LB

Where'd you get that from M22?

LB has multi million share options that can be exercised at 6p I thought?

If LB is on a relatively low salary and has options to exercise shares at 6p, is it not enough motivation to push the SP up to 6p+?

Which benefits us shareholders also?

Would they stop with Tz completely? What about the other areas they have?

Just being able to exercise those share options would be a massive win for LB anyway. So anything under 6p is no good for the board as individuals.

6p is the target

So 6p gives them the option to exercise their share options, with a tidy 5p per share profit (£3,400,000 profit)

So dilution is not in the boards interest if they want to profit individually (as said LB is on a salary of £50k at the moment, which doesn't get you very far these days).

If the EWT is a roaring success they'll be looking at debt or JV (or bought out), surely.

*ars.

So not exactly a lifestyle CEO package.

Surely there's motivation for her up the SP for her stock options?

Or to prove up this resource to then increase her salary down the line?

I saw it mentioned here this week, and after a quick Google it looks like Lorna's salary is about £50k per year for 3 ye

What is the highest number of shares in issue you've seen for an AIM company?

Curious, as I can't find an answer.

It does seem like it could be concerning.

But my GCSE physics tells me gas is also a fluid.

This is useful RJ.

But surely at that amount, the recent sky high MCap predictions are a joke?

Currently unable to buy at this moment in time.

Debt or JV if the EWT is positive!