The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
JohnH
The herd neither read the rns's or interpret them. Chipfat Bob being the worse. Unfortunately the sub-equatorial one has internet and apparently satellite access?? Inexplicable.
The Sandjet idea has been a pantomime from day dot but yes they do have a chance of salvaging the operation.
There is also a chance that the next wildcat ie MOU-5 will be a discovery.
All petroleum geologists have to test and conduct experiments i.e wells and testing. No amount of surface geology and sub surface imaging can replace the drillbit and perforation based testing.
At least the Jan12 RNS indicated, in the standard waffly form, that standard gun testing was an experiment to define a further experiment: namely Sandjet testing.
A couple of testing/experiment attempts ago Sandjetting was abandoned as the hire period ran out.
Here is your priority risk, free of charge and straight from management. "Depending on the results of the Phase 1 rigless testing, Petroleum Agreement Amendment #4 would also potentially facilitate an application by 5 March 2024 for a single Exploitation Concession over the area tested by MOU-1 and MOU-3, providing geological continuity of potential gas reservoirs can be demonstrated".
Geological continuity is the key phrase.
So, all this satellite watching, ramping by he of Latitudes South who should remain nameless has been a waste of time.
The best geologists in the world view wells and testing as imperative experiments. Dave Bodecott is in my view the one best geologists and hunter of hydrocarbons along with a few others.
My view is that PG should consult his peers regularly.
Indeed, as for GRH I'm not impressed by calling GKP/SOU as buys then correctly calling failure. Could that happen here? Michael Caine blah blah £456/share rant rant etc etc.
I suppose calling reversals in these outfits is both intelligent and honest though.
Better to make investments in companies that are long term success cases surely.
Thank you Jimmy
Around two years feels about right for initial and probably modest deliveries. I say modest in the context that the downstream business needs to be developed from the ground up. This also takes time.
That said if the current testing produces sub par results I may have a gamble on MOU-5. Long shot though and will be based on independent analysis of GCOS if available and most definitely not 'management estimates'.
Indeed Justathought.
The He1 prospectus is very clear about the rights of the state to take a large share in the company. BIR's as we call them in oil and gas.
Well Slacker, two points.
Firstly do research before investing.
Secondly trade the news driven volatility in AIM.
Then you won't be one of the 90% tribe permanently broke.
Spot on Sharebright. Short positions though with derivatives are perfectly ethical. There are some really stinking outfits in AIM created purely for director personal gains and they deserve a good hammering!
Impossible to call at the moment but IF He1 can verify reserves then we could be looking at an mcap several tens of the present value. Totally new to He and to an extent Hydrogen but in the hydrocarbon business investors can freely download and study the PRMS manual which is not wholly difficult to understand. I'll look online and perhaps make the journey to BGS HQ for an afternoon's research.
In at 1.7, crystallised some profit at 2.1-2.35 but holding a tranche as a high risk investment.
A presentation in 2022 clearly indicates commencement of a CNG development (spades in ground) around Summer 2023.
Q for Jimmy. If PRD do produce commercially viable production graphs from the current testing how would you manage it? Let's assume that it is a large resource.
Would you require more appraisals confluent with 3D Seismic?
How long would the FEED process take?
What would a rational timeline be to arrive at first gas, not an EWT but actual sustained production?
Given the relentless delays I would go for 18-24 months from today with two years being more probable.
Still potentially worth a fortune though well before first gas.
Not really Chesh, my approximation is to give a sense of scale! 7Bcf He may not seem much but to put it into context the value is not too far from a Tcf natural gas find.
Got it?
A cross check of my estimates would be appreciated.
Please check my arithmetic, taken a lower value than the He spot price and an approx average of Methane spot and forward contracts.
Put simply, when (if) we are given volumetrics multiply the resource volume of He by the above range of factors to achieve an equivalent.
Very much an approximation! Free speech welcome (unlike on other boards).
Tritoretire, that's fine by me, I am a free speech absolutist. I just find the great leader interesting.
Third time in Morocco, one outfit transmogrifying into a mini pharma?? He's a good writer, that much is for sure. The test results will confirm or not confirm the value of the err discoveries so far.
No I don't turkey balls, we have free speech and this is an open forum.
Go and live in China.
Optimistic? Delusional would be my call.
I was not at all disgusted. To a certain extent (something of an unknown) the potential resource is unknown but at the very least flowing of Helium via the DST has derisked to a degree the investment case.
It therefore is still a risky investment but justifies a modest investment with further probable post placings accumulating opportunities.
Agree shagged, an sp often tells it's own story. Still, had to laugh at that other overly long post suggesting that a special dividend could be paid. Such a dividend may well be paid but it would be on buy out or successfully building a profitable CNG business from scratch ie 3-5 years in the future.
Morning
Called this placing BANG ON on Monday morning although I am uncertain if my price target will be met so in at 1.75, initial tranche.
Bit slow off the blocks HE1, they ought to have launched the placing at 1.9-2.1 and that would have been a better indication of how much risk has been shed re the DST.
Strong buy and hold anywhere between 1.5 and 1.8.
Mick, with respect try and remain off Wikipedia.
Viagra works on women too...apparently. It can give them multiple orgasms...apparently.