The main thing right now for me is being fully funded and the plan in motion with enough cash to do the whole program again from scratch for both projects as a safety net.
The bonus if you like is that the flagship ingomar has been established to be bigger than expected having established it holds helium throughout and very high hydrogen in so much that it requires a bigger rig to fully understand just how big it is.
Drilling on both assets is cheap and infrastructure is in place for easy access.
And the CEO is aligned with investors having used his own cash to acquired the assets cherry picked from his years in the business
He literally points out trend lines which can been reached short med or long term. As he has a wide audience he displays options available. It up to traders to take them on board but the trend line is there he doesn’t make them up of course lol
Skippy although they do have gas coming to surface through the drilling muds and shows throughout payzones. The rig reached its max depth and they were still going through gas shows. It’s indicating its way above expectations and was already huge. All funded is the big one and pledge to not dilute but to keep investors as No 1
True Bobb. After all the CEO bought the assets with his own cash cherry picking them from his over 30 years in the business and has already produced from the field so confidence is high. Well connected and all funded no debt.
RE: Just how hot is Helium right now ?15 Sep 2024 14:46
There is a strong chance with clink that hydrogen may become the company maker and the helium the bonus. Or they may be as strong as each other.
As Bo says he’s never seen such high concentrations coming to surface bubbling through the drilling muds. Thats unassisted gas to surface before the hole has even been cleaned of drilling fluids.