Member Info for LordWM

Nice find, consultation period ends end of May, hopefully a decision in june to be in H1.

They shared the BBC Helium article - https://x.com/HelixExp/status/1907348367262298535

Hex seems to be ideally positioned to supply Helium to the US market as the tarrif trade war drives more companies to manufacture in the US. Hex's revenue/profit should be pretty immune to the tarrif chaos across global equities that is likely to be unleashed later today by the orange man.

I agree, almost definitely will be payment on delivery. They won’t unload the tanker without payment.

The whole market is sinking right now, but this will turn as the good news continues to flow.

Next up for us:

- Spudding Linda#1 - next week or two

- Re-entry and testing Weil#1 - any time

- Membrane fabrication complete, PSA plant fully assembled and trucked to site - any time

- Announce site to drill well at Rudyard South to test and more than double reserves - any time

- Announce next drill at Ingomar to test for motherload of Heluim & Hydrogen in Flathead - to commence mid July I think.

- Any further M&A/lease acquisition - any time

This BOD have consistently delivered ahead of schedule, so likely first production/revenue in June/July. We should see multiple gains at this point.

They'll just filter off and vent nitrogen into the air, this is why the composition at Rudyard make Helium recovery so low cost.

We're going to be throwing off cash within 3-4 months.

Https://youtu.be/MtatAmX6WEk?si=0tmARltsXmgf3VlE

This should be a good year for Atalaya.

Well hopefully if we need to use cryogenics at Ingomat later on we can install a hydrogen generator for free site power.

My two buys this pm are listed as sells, annoying this happens in the digital age. Anyone know the reason for this?

Looks like maybe someone knows something?

And if the copper price stay's where it is/rises further this will happen very soon.

They said they'll bring in an offtake partner if the Hydrogen's there, they seemed pretty sure about this.

Sounds like we're going to get a lot of newsflow over the next 3 months.

GLA

These are quotes during the AGM presentation and Q&A:

Ingomar Flathead has Highest natural Hydrogen % of any discovery in the USA

Primary goals:

- 3 wells into production

- Start sales

- Acquire more acreage

Bo said they could have 6 – 8 more wells at Rudyard, possibly even more.

They're acquiring more leases right now

Goal to not enter into any long term offtake contracts yet. Want to get the best prices for the helium.

Re the share price, most production companies trade at:

- 4-5 times annual income

- Current 1.5x times projected income (I'm guessing short term income)

DM said NPV is 76p per share, with obvious upside - https://x.com/HelixExp/status/1886392134904733739

This is underwritted by confirmed reserves, a derisked path to production/first revenue within appros 3 months and being fully funded. We should have 3 wells producing by end of June, generating $4m profit annually each, with further wells added in H2 as we ramp up.

The Upside factors that could push this way above 76p are:

- Convert Resources to reserves at Rudyard South

- Increase Reserves generally at Rudyard when more drill data becomes available

- Commercial Helium discovery at Ingomar Charles - we're waiting on the gas sample results. The problem was it didn't display commercial flow rates, but they confirmed a high pressure reservoir before, so it may need fracking or likely a second drill nearby IF Helium grades are commercial. News should drop any day now.

- Commercial Helium discovery at Ingomar Flathead - it's the main target and it's big, with high Helium shows

- Commercial Hydrogen discovery at Ingomar Flathead - incredibly high hydrogen concentration, like nothign seen before in N America. They'll come back to this in Q3 due to the Sage Grouse restrictions which lift mid-June.

- Higher helium price achieved than forecasted, We could potentially double this income by achieving better prices. Their stated strategy is to develop relationships with end users and sell directly, achieving higher prices. Helium is such a critical commodity that indistrial users will pay more to guarantee supply. See their latest presentation Slide 12 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2025/02/Helix-Exploration-Corporate-Deck-Feb25-v2.pdf

- Also potential further M&A work could add upside.

@panman they 100% have to, good or bad. It’s market sensitive info. News flow will be significant over coming weeks with drills, results and the Rudyard plant membrane.

I get that some people are traders and try to influence the price, but I’m mostly a value investor and see a 5-10x gain her hex over the next 12-18 months.

I told myself I wouldn’t but I’ve been selling elsewhere to add more Hex, now close to 15% of my portfolio.

Thanks market.

DYOR

Don’t forget that there was Helium in the Armsden, but not enough to be commercial on its own. It must have come from somewhere, so could have leaked up from the Flathead and Charles.

We’ll know soon.

As always DYOR.

Of course, it would be wonderful if the Charles or Flathead yielded a commercial amount of gas. It will be the difference between 5x (where it will be when Rudyard has 4-5 wells) and 10x plus if we strike at Ingomar.

AimHigher, in the 4th Feb RNS they said :

"Results of the flow testing will be announced alongside assay results of any gas recovered from the operation."

The acidisation takes 10 days, if successful then flow testing with samples sent to an independent lab for analysis. They'll use the data they have at that point to declare Charles a commercial discovery / dud.

People who know better than me are suggesting another 1-3 weeks to do this, and the longer it goes the more likelhood that the acidation worked and flow rates are good, the final piece being gas composition.

Whether it will be commercial, my guess (and again I'm no expert) is it's 50/50. It depends on whether there's a good trap and the Helium (and possibly Hydrogen) isn't trapped below in the Flathead. Of course there could be commercial Helium in the Charles AND the Flathead, as well as Hydrogen in the Flathead.

I'd guess that there's commercial Helium and possibly Hydrogen in Ingomar somewhere, time will tell.

https://x.com/HelixExp/status/1840995060218777738

https://x.com/HelixExp/status/1839567909489639498