Member Info for miker444

below is detail of the explorer rig and just as important the operating crew that georgina will use to drill hussar.

the minres explorer is a highly advanced super single onshore rig that stands 27 meters tall, can lift more than 317 tonnes, and drill wells to a measured depth of up to 5,000 meters. it boasts full automation capabilities, which reduce the number of people required in high-risk areas during drilling. the rig is supported by a crew of highly-skilled drillers, assistant drillers, derrickhands, floor hands, leasehands, electricians, mechanics, and health and safety advisors. minres explorer is part of the company's energy partnership with han****, offering improved flexibility and control over the company's drilling schedule and performance.

mineral resources limited

Very positive and talk of catalysts

Fair point poppa. Just the start of many updates before the drill.

They are all meeting on site today, so could be news tomorrow or Mon if RNS takes a day or so to process. To try and guess now what the sp might go down to (If it actually does) to where it could go (£+) means you could miss out on a meteoric rise for the sake of a penny or so. This is incredibly cheap, if you don't get in now you may never have the chance other than pay multiples of current price.

Noobie, you know full well that Schlumberger and Aztech Well Management, who, incidentally, have already started work, are being funded by your £100 valuation of Harlequin. It just shows how good a company Harlequin is to stretch that £100 to cover everything.

If the $25m drawdown fund is used just imagine how far that will stretch to by comparison.

The mind boggles, talking of which, how is Drubley doing?

As per RNS Q1 / Q2 work schedule it does look that everything, if it goes according to plan, will be ready by the end of Q2 with the drilling rig on site and all relevant service companies. Therefore assuming the service personnel will not be standing idle just admiring the rig and with a fair wind, drilling may be at the start of Q3, July, rather than the end, Sep. The drill is expected to take 50 days so it is possible we could also have the drill results in Q3, albeit the latter end.

Completion Date

Activity

Q1 2026 (JAN - MAR)

Order long lead items such as wellhead/casing

Tender & contract drilling rig (currently 4 appropriate rigs available)

Q2 2026 (APR - JUN)

Water bore(s) drilling and installation on site

Surface conductor pipe installation comprising the first section of drill casing

Service company tender & contract; includes cementing, mud logging, e-logging, WSG, testing contractors

Expand site/access roads, airstrip, drilling pad works. Inspection, planning and costing already completed

Finalise the engineering and well design in conjunction with the drill contractor

Mobilise drilling rig to site and all relevant service companies

That is correct, a BOP valve capable of 10,000 psi - 12,000 was discussed, obviously you don't want a blow out pressure valve that is on the limit. To put 6,000 psi in to perspective, if you had a 1 inch cube of the gas and could theoretically put it on some weighing scales the 'force / weight' would send the dial to 3 tonnes.

I think it will flow to surface without needing to be 'lifted'. Not only do I also think that Schlumberger and Aztech will look at fracturing to increase flow rates I do believe multiple wells were discussed. If revenue streams are established then extra wells could run alongside / at the same time as MT Winter / MT Kitty / Dukas as revenue will allow self financing.

However, let's walk before we can run. If Hussar is commercial we have cracked it and will become a Global Helium & Hydrogen producer seeing as the other drills have produced world class concentrations with MT Kitty flowing to surface.

atb.

I'm sure A Hamilton is as upbeat as the rest of us now that things are moving, literally. He will spend a lot of time on site and will, as per last rns, upload work in progress photo's on Georgina's website pages. Some works will take longer than others but was surprised that a well-pad can be completed, start to finish, in as little as 3 weeks. I suppose it's basically a slab of concrete sturdy enough to support a rig and a handful of engineers.

atb.

20 or 30 Boiler Room Day Traders as we have seen practically from day 1 trying to make £100 - £200. Let them. We are rubbing shoulders with giants i.e Schlumberger & Santos, £50bn & £22bn MarCap's respectively. They will be long gone before year end.

As for A Hamilton playing silly games How many CEO's does anyone know who has secured funds ($25m) worth a multiple of 6 x (600%) of their own MarCap, and NOT have to pay a single penny back. It is UNHEARD of, plain and simple. No Dilution to shareholders and will fund 3 x drills.

It's a master stroke and if this is him playing silly games I hope he gets even sillier.

Sir H, I missed it on first read but just re-read the RNS and this is the 3rd Paragraph:

"These works will facilitate the coordinated and successful completion of drilling to test the main targeted reservoirs, ie the subsalt Townsend Formation and fractured basement lithologies. The team will be inspecting and taking images of the various sites as indicated on the map below. Following completion of these site inspections, selected images will be posted on the Georgina website for shareholders to view."

So there should be up to date photos of work in progress. Be good to see the development progressing stage by stage.

atb mate.

Shafaq, I just think in general they will want to move things on as fast as is possible whilst staying within the realms of not compromising safety and quality of finalised product. It does look possible as to secure a rig in a few weeks time means they can hit the ground running when repairs, well pad construction is done.

Can't believe from the sattelite photo just how close we are to the road and airport. Not exactly the M1 or Heathrow but they will do.

Poppabear have you started on the sherbets early? :¬)

Ifiknew I love the statement about Jacko Bore being "an over pressured zone....needing a higher capacity rig". Central have a clause that states the drill has to be no later than Jun 06th 2027, no later. Absolutely no reason that work cannot be carried out on differing wells at the same time, certainly planning, permits, long lead items etc.

They have to go to site, as all contractors will have to, this visit will be the inspection to allow physical work to start.

JamesT, at this level the mm's still have some leeway with the bid / offer / ask, they will have no control whatsoever as and when we hit helium, the NAV will dictate totally the sp as with GGP. There is only so much control they have and even less with the tiny amount of shares to play with.

Just hold mate, it's coming.

atb.

Sir H, I'm fairly sure A H will provide updated photo's of work in progress to the Georgina website, that said does Google Earth Live 'exist' in that sense in that I think other posters, once having the co-ordinates, have looked at sites 'live', I could be completely wrong of course :¬)

Casings being done and drill to site Q2, that's Apr - Jun, Iooks like drilling in Q3 wikll be nearer the start Jul as opposed to Sep. Starting to move forward.

Just to say to Drilby, Noobie, BT, isn't it amazing what Harlequin have done with just £100! PMSL you numpties!

Ifiknew / Sir H thanks for the replies, Hussar was a long wait but some of it down to us in having to re-lodge everything twice due to EIS 2 due to an enlarged prospect area, also the 80 year weather anomaly, this added months and also is still adding due to repairs needed due to those floods.

I don't envisage those obstacles for MT Winter, A H did give quite a quick initial timeline prior to all those events for Hussar and I genuinely believe they will crack on with all the necessary paperwork having also learned from the pitfalls or even just being more familiar with how to go about things a bit better. A bit akin to your 1st newborn as opposed to your 2nd, been there, done that per se.

Either way as you say Sir H the gas is not going anywhere, if it's there :¬)

Off home, do it all again tomorrow.

Ifiknew / S

I was of that opinion Sir H but we have the rest of this year, almost 11 mths, to get all that done incl permits, that could be do-able as you state there were not a lot of objections and all this could run alongside at the same time whilst Hussar is advancing to the drill. Sometimes the second procedure is quicker and easier when you have learned all the 'pitfalls' from the previous one.

it's not beyond the realms of fantasy that we could utilise and move a lot of the majority of the teams and equipment to MT Winter or at least certainly book them once Hussar is drilled.

atb.