…and breathe …4 Jun 2026 10:06
It’s been a rough few days, no dressing it up, but I still don’t see the “game over” angle.
The market wanted flow numbers. It didn’t get them. That’s why it sold off.
What it did get was acid work completed, better reservoir communication, and raw gas showing close similarities to the original 1994 analysis. That is not nothing. The historic helium case is still there.
The next bit is flow. That’s what stimulation is for.
The consolidation looked awful at first glance, but the OTC angle changes the context for me. US assets, US helium story, US investor interest. Makes sense they’d want a cleaner structure if they’re trying to move this beyond sub-penny AIM shananigans.
And honestly, why keep pushing Sagebrush, move to stimulation, tidy the structure and look at the US route if they thought it was dead? That would make no busines sense whatsoever.
This doesn’t guarantee anything. Flow data still decides it.
But I’m not convinced this week’s panic reflects where this could be if stimulation works.
Stay strong. GLA