Member Info for Luqs786

Https://x.com/Blowster85/status/2065323895121482205?s=20

5 x 35millions buys

#QHE From Mike Stally (sorry cannot post tgm link on here)

Haven’t had a chance to digest it properly yet, been a long 24 hours of travelling and I’m shattered, but I understand the reaction somewhat. The market’s fickle as we know and they didn’t really give the stellar announcement everyone was hoping for.. so the people on the fence have probably thrown in the towel from a risk perspective.

So here my initial take, which I’ll dig a little more into later/tomorrow when I’ve had a chance to catch up. But basically, the near well-bore damage has been cleared which is great (was a big risk), but perhaps they didn’t see the wider reservoir gushing into the well - this could suggest the Leadville here is a bit tighter (porosity wise) than they were expecting. I would guess the flow rates showed commerciality, but maybe on the lower end of the scale (although not strictly the case, they could be flowing quite well too).

Considering the initial plan wasn’t to frack, the fact they feel this is a worth perusing is really encouraging, for a couple of reasons.. firstly you don’t throw money at a dead horse. This is an expensive business, every day is cost and the specialised equipment to do the fracking will add more to that.

Secondly, they’ve got some good data and see wider pressure from the reservoir is there (from the pressure build up tests - that was a great snippet from the RNS), but it’s just struggling to get through, so by blowing deeper holes they feel this will open everything up (this is why I’m getting the hint that the rock is maybe a little more dense than expected, or it could be the damage settled further out than they expected too, it’s been there for 30+ years after all).

From all the research I’ve done on the paradox basin, acid treatment and fracking is highly effective. Acid only gets so far and has done its job on the near wellbore damage (and actually a little further than expected), now they want to blow open the wider reservoir with a sand/water blast, which permeates further into the system. If the system is tighter than they thought, then this will hopefully open up bigger pockets and increase the flow rates.

I’ve only read the RNS twice but I feel it’s quite positive to be honest - the data sounds really encouraging. The thing people are probably missing is they want to define as much as the resource NOW, as they possible can - this will all feed into the updated reserves report. This and the fact they’re not giving preliminary flow rates is hinting to me they might already be in discussions with someone. So they need this test to be as comprehensive as possible - blowing wider into the reservoir has the potential to pump up those flow rates quite a bit. It wasn’t the initial plan, but they’re reacting to the data in front of them which is good to hear.

*************+pcq-9ebnwn45yzi0

From Mike Stelly (Researcher tgm group)

Haven’t had a chance to digest it properly yet, been a long 24 hours of travelling and I’m shattered, but I understand the reaction somewhat. The market’s fickle as we know and they didn’t really give the stellar announcement everyone was hoping for.. so the people on the fence have probably thrown in the towel from a risk perspective.

So here my initial take, which I’ll dig a little more into later/tomorrow when I’ve had a chance to catch up. But basically, the near well-bore damage has been cleared which is great (was a big risk), but perhaps they didn’t see the wider reservoir gushing into the well - this could suggest the Leadville here is a bit tighter (porosity wise) than they were expecting. I would guess the flow rates showed commerciality, but maybe on the lower end of the scale (although not strictly the case, they could be flowing quite well too).

Considering the initial plan wasn’t to frack, the fact they feel this is a worth perusing is really encouraging, for a couple of reasons.. firstly you don’t throw money at a dead horse. This is an expensive business, every day is cost and the specialised equipment to do the fracking will add more to that.

Secondly, they’ve got some good data and see wider pressure from the reservoir is there (from the pressure build up tests - that was a great snippet from the RNS), but it’s just struggling to get through, so by blowing deeper holes they feel this will open everything up (this is why I’m getting the hint that the rock is maybe a little more dense than expected, or it could be the damage settled further out than they expected too, it’s been there for 30+ years after all).

From all the research I’ve done on the paradox basin, acid treatment and fracking is highly effective. Acid only gets so far and has done its job on the near wellbore damage (and actually a little further than expected), now they want to blow open the wider reservoir with a sand/water blast, which permeates further into the system. If the system is tighter than they thought, then this will hopefully open up bigger pockets and increase the flow rates.

I’ve only read the RNS twice but I feel it’s quite positive to be honest - the data sounds really encouraging. The thing people are probably missing is they want to define as much as the resource NOW, as they possible can - this will all feed into the updated reserves report. This and the fact they’re not giving preliminary flow rates is hinting to me they might already be in discussions with someone. So they need this test to be as comprehensive as possible - blowing wider into the reservoir has the potential to pump up those flow rates quite a bit. It wasn’t the initial plan, but they’re reacting to the data in front of them which is good to hear.

MMs let it go !!!!!!!!!!!!!!!!!!!!!!!

This will move hard this afternoon, jump in before its too late

Shes cracking

Update in due course could mean a tweet from the company

Check the telegram conversation, that is the update from Andrew via email

Back to placing price by end of day .30

This reads as cautiously positive, but not strongly positive yet. Here's what it means in plain English:

"Testing operations continue... extended production test program"

→ They are still testing the well over a longer period to see whether gas can flow consistently and at commercial rates. This means they are not at the finished result stage yet.

"Preliminary helium gas analysis has shown characteristics consistent with the original Drill Stem Test"

→ This is probably the most positive line. It means the helium composition and characteristics they are seeing now match what they found in the earlier test. In simple terms: the earlier discovery wasn't a one-off result. The helium is still there and behaving similarly.

"Providing valuable technical insight into the Leadville reservoir"

→ This is corporate wording often used when they are still collecting data and do not yet want to declare success. Companies say this when they are learning more, but don't yet have enough evidence to make commercial claims.

"Future completion and development planning"

→ This suggests they are thinking ahead and considering how they could develop the field, which is constructive.

@dsymons what did you mean in your latest update

Any more updates?

Could be Big buys in the background, last few days same pattern

Oversold, share price went up to 460 before war

Charts look prime for move north

2 x 5000 buys this morning

15,000 shares bought at 343, time 16.29, shows good confidence and appetite

2 huge buys show up

News imminent imho

From TazManiaAhmed on tgm group-

1. The Derrick is "Clean" (The Biggest Signal)

April 27 (Left): If you look closely at the derrick (the tall tower), you can see vertical lines/shadows inside the framework. This indicates "pipe in the derrick"—meaning the tubing or the perforation tools were still being moved in and out of the hole. This is the Active Work phase.

April 30 (Right): The derrick is now "stripped" or "clean." There is no pipe standing in the tower.

The Expert Meaning: The "Downhole" work is finished. They have fired the charges, stimulated the well, and pulled the tools out. The well is now "live" and either flowing or shut-in for its pressure test. The hard part is over.

5% Up, will move north freely now as the seller seems to have disappeared.

Charts look primed for a move up now.

This will be the share of the year imho

Nice 30k (10,000 shares) buy to start the day