Member Info for MasksNewNorm

Its all continuous, consecutive operations whilst on site and not sitting around for months and years on end waiting for extra funding and dangling of the carrot to get the next placing away as we experienced in He1

And then it’s on to the next drill for the same process and again it is all funded upfront leaving over 4m in the coffers by completion.

Mega Boom stampede written all over this for me !!!

This trumps the expectations I had for He1 by a great deal.

Quick to drill. Quick to EWT (straight to it). Quick to Market. No debt. Straight to Next drill with high COS all funded and under budget.

Costs for both wells now under 4.5m with 9.5m in the bank

Highlights

· Completion of drilling at Clink #1 to Target Depth ("TD") of 8,030ft (~2,450m), delivered ahead of time and below budget.

· Elevated helium encountered in drilling muds throughout the sedimentary column demonstrates presence of helium within all target horizons.

· Significantly elevated hydrogen in drilling muds of up to 103,000ppm (10.3% H2) demonstrates presence of a hydrogen system within Cambrian strata.

· Wireline logging and appraisal via extended flow testing will commence shortly to enable the Company to assess the helium and hydrogen concentrations.

Nothing material lol. Nugget.

Bo Sears, CEO of Helix Exploration, said:

"We are delighted to report the safe and successful completion of the drilling of our maiden exploration well at Clink #1 delivered ahead of time and below budget. Drill operations took 11 days from spud to Target Depth, completing well ahead of the 2-3 week guidance provided.”

Estimated 14-21 days. They completed in 11 days

“Below Budget” they saved costs.

Below budget means extra saving.

Hex is the bird in your hand guys.

Low CAPEX and OPEX. No debt. Sweet spot on first drill. Helium shows throughout plus Hydrogen. Surrounded by infrastructure and by end users.

Straight to logging and EWT and then on to the same process to repeat with a higher COS drill all funded and below budget.

Rapid fire growth from exploration to end user from production you ain’t getting better than this.

CEO used his own cash to get these assets then brought them to market after over 30 years in the business cherry picking his targets.

22.5m oversubscribed on IPO and he scaled it back to 9.5m with OPEX for both wells coming in below the expected 4.5m leaving them with plenty of fire power in hand.

Etc etc it’s looking very good for holders.

That wasn’t easy for me to top up btw !!! It took 4 attempts.

Well if investors and speculators liked He1 with the hundreds of millions that would require in infrastructure capex to get to market then HEX is the actual jackpot surrounded with infrastructure and close to the end user.

The sheep are easily spooked out of their position which goes straight into patient hands.

Buying money at this level now. NPV 93p expected on owning the resources alone.

Previous RNS derisked the play and today’s news Underlines this with flashing lights.

Basically here we have a potential He1 type play surrounded with modern infrastructure. Quick to market and sweet spot nailed on first attempt.

Fully funded for this drill plus straight into EWT

And then straight in to the next drilling target with EWT immediately on discovery which has an Even higher COS and greater reservoir capacity

Bo finds the sweet spot on first drill. Hex beginning to look like the real deal.

Cesspit mms mark the price up creating a gap fill opportunity for themselves

That is to say Bo found the Sweet-Spot.

Anystake this info ties in with my understanding hence the likely helium carrier expectations.

Prospector yes agree hence my last post.

During the He1 first findings Lorna said the 2.2% presence of hydrogen along with helium shows indicated hydrogen was the likely helium carrier.

Hex have 10..3% hydrogen and helium throughout also with nitrogen which He1 also announced yesterday so the gas formation seems consistent with science and therefore analogous in their production process.

Extra 280 ft with shows all the way to TD

Hydrogen could likely be the Helium carrier going from information provided during He1 initial findings.

Looks like they drilled an extra 280 ft into the Cambrian