Plus Rudyard very high chance of success as helium has already come to surface. Initially is was a higher COS between the two assets but now we know ingomar is flooded with helium and now high concentrations of hydrogen in its deeps. So much so they’ve not actually reached the bottom of the full payload as its depth exceeded the rigs capacity.
They have cash to do the full operations twice over also. They came to market wanting 5m. The market offered 22.5m. They settled for 9.5m. Operations cost 4.2m leaving them with over 100% safety net.
Hex also new to market by a few months so it isn’t widely know. Just yet. But they are operating in proven ground and the CEO having already produced on the plateaux bought these assets with his own cash have cherry picked them. He also wrote the book on helium.
Very Low OPEX very low CAPEX quick to supply end user in country or origin. Surrounded with infrastructure easily accessible for processing production.
Yep HEX is the exact opposite to HE1 for growth.
Not to mention hex CEO wrote the book on Helium production and has already produced from this plateaux.