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MCNol
Posted in: HE1
Posts: 5,209
ESG - helped provide a health centre. "local support'. 'very understanding'
Production facilities modular and can be shipped.
CEO 'rig will be used to drill development wells when we receive ML" 'Feed and costing work" completion once 'ML award' "modular design facility'.
CEO regarding Itambula W. '5.5% at the bottom of the (rift) system'. EWT showed a 'deep seated fault'. 'fault splits'. 'two bites of the cherry' due to fractured (2) faults.
CEO 'next step to monetise and develop' (Rukwa). No hydrocarbons or H2s or Co2. 'development scenario quite straightforward' 'already have blueprint for development facilities'.
Colorado, flowed 6% helium as free gas to surface. Associated with Co2 which is growth market. 'Early cash flow there'. CEO.
'number of companies' to use rig in down times.
'Feasibility study is an internal document'. CPR will be provided.
'Cash flow from USA H1 2025'
CEO. 'Transformational year'. 'Significant concentration of Helium 5.5 % sustained flow'. 'Planned for success'
First production 'later in 2025'. 'Commercial Helium Discovery'. (Chairman).
Fundraises 'not desired'.
2. carried, 3. Carried 4. Carried.
1. not carried
I would not have though 1-4 were that contentious.
Jacobs hasn't looked up yet, hmmmm
Merger or acquisition?
I expect an explanation will be forthcoming as to why 5&6 were withdrawn.
Looking good, professional.
Is about to start, here we go....
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