Member Info for NoEasy

Nigeria has looked better and still didn't get there.

A lot of people allowing their dreams to race ahead here at the moment. Rinse the head under cold water and have a few options well planned out and not be caught out with the emotion this wait has generated for us on what should be an exciting day.

Good luck to all.

Correction any posts below SP7's relate to the previous owner of the BHL ticker.

To avoid confusion the first post on here is to clarify that any posts on this BB prior to this one relates to another company (Baydonhill) who no longer trade under that name/ticker.

A solid team at the helm who will make money for themselves first but know enough to make shareholders some decent profits.

Things of note.

Its a stuck pipe.

Contingency in place to work round it.

Drilling rates have been moderated.

'At a depth of 552 metres, the Helium One mudlogging crew detected elevated helium in mud that constitutes a gas show. The gas show continued to increase over a thickness of 9 meters.'

'The gas show occurred beneath a thin claystone unit and demonstrates a working helium system, whereby gas shows may also be identified beneath even marginal sealing units.'

This gas show,'..... sits above our primary targets and was previously considered to be of low prospectivity due to a lack of effective sealing units."

That's it in a nutshell. The drill got stuck and there's helium gas shows. The signs are good verging on pointing to very good.

Rift the concern I have is that we are now bouncing along a superior oil price. Agree the majors will be looking to offload some projects but even so they won't be given away for nothing in this oil price environment. The opportunity to use the cash we had was there, right in front of our face for a considerable period of time when the oil industry was on its ar*e yet we didn't make a move. Maybe the holders selling down have taken note.

https://www.wsj.com/articles/japans-big-bet-on-hydrogen-could-revolutionize-the-energy-market-11623607695?mod=hp_lead_pos7

On another note I know from experience that intraday announcements are often missed unless you are specifically following a stock. A PDMR buy of this nature would most likely have had more interest if released in the mornings opening salvo of announcements.

Significant purchase amount. The CFO has clearly seen that some of her money should be parked here. She is also not aware of any impending acquisition of a known entity it seems so likely a little while yet before things move here.

Things are good Rift. Hope the same your end. Yep been some year but signs are good going forward.

The company has made some changes and I hope they pay off. They really should have made the downturn pay as they indicated they were looking to do. The pressure on the majors to throw off some of their assets could still play in our favour as has been mentioned here numerous times. Paying wages out of earnings is a much better position to be in that paying them out of cash reserves. I hope the changes signify they are not content to sit still and draw wages. However if they do latch on to an acquisition I expect things here to move significantly.

All the best and look after yourself.

The situation here in terms of cash in the bank is great. What really isn't great is that that cash has sat in the bank for years now and more importantly through a massive downturn in the oil industry. We now have a reverse situation whereby those companies that were floundering due to the downturn but had good reserves are now back on their uppers. The time to strike while the environment was in our favour has passed. The company recognised the downturn but still didn't make an acquisition. The question is, 'Do they want to make an acquisition'?

The yearly outlay on wages at £2m (less with any interest on cash deposits) is enough to keep the BOD happy but not the shareholders.

I think time does wear on people and I include myself in that. Plan A has taken far, far longer than expected and we have been in suspended animation since the expected timeframe for dewatering fell apart.

My initial thought reading the announcement this morning was very similar to posters who think we are firing shots all over the place hoping one hits. An almost panic state as it were from the company.

But beneath it all the company remain are clear in their strategy, 'The primary focus for the Company is to progress the Lesedi gas-to-power project'. Commercial CBM delivery is the target but the location, available resources be that solar/ water etc have the likelihood of adding to the value of the CBM enterprise I initially invested in.

equally hydrogen is not a parallel option, the word 'option' conveying that we may choose to produce it, hydrogen is planned to be produced. It is now part of the company's strategy. TLOU is now a CBM/Solar/Hydrogen focused company.

How long it will take from here to get any of those three to commercial production levels is unfortunately not included in Nostradamus's book. I've been involved in a few companies that have risen from the depths and this does have the same feeling to it for me. A successful PPA and/or TL financing would be good for starters.

I think that its not just Frontera and Block Energy that have started off with the full bells and whistles much like HE1. There's been plenty of crash and burns after hype. I don't think it's wrong bringing them up but it would have been better to research and also post why this stands out from those stocks. One outstanding difference here, and it's a real difference, is that we have an incredibly short timeframe for progress. So no extended, high end wages, supporting a lifestyle for a nefarious CEO. He's staked it all on red and that wheel stops spinning very soon. This really is a significant outlier as far as AIM goes regarding speed of delivery, skin in the game, red hot commodity etc. I am still gobsmacked that HE1 have got this far so soon in Africa. But they have.

Opportunities don't grow on trees. The trick is recognising them.

Wyndrum, thanks for the reply, really appreciate it. I have undoubtedly not grasped that properly in the past, its not about the share price but mentality. I can now see why ramping and deramping through these boards, social media and even from narcisistic CEO's can easily drive money making opportunities for the unsavoury.

No doubt that while some volatility will be down to someone selling/buying (a lot), some will be down to news, and some will be down to general malaise it seems reasonable with so much money to be made that trading syndicates/individuals who study thinking patterns looking for weaknesses and using our instincts to manipulate (very much like marketing execs, psychologists etc) will have a head start on making money investing. It's simply not all about the fundamentals of stocks such as this it's also about the mentality of the investors in stocks such as this.

Getting an understanding through charting of group patterns of thinking (fostered through social media, BB's etc) is certainly something I will now look at. Its staring me in the face that people will be manipulated through those mediums (its happening all over the world) and there is a possible method of understanding it, as it relates to investing, through charting.

Thanks again.

Not a chartist but there may be something in it when algorithmic trading (bots) use some of the methods chartists use as part of their armoury to trade at the most opportune time (Appreciate that there are times when just sitting on a share is also a good option).

Might be a bit deep this but a question for the chartists. I know that your charts follow the share price but are they in reality (generally) highlighting human emotional patterns not the value of the stock.

I ask this because SF mentioned (charting) fails on , '...low volume stocks with large price swings based on external news...'.

For me I'm looking at large price swings on stocks caused not by external news but human emotion, emotion that can be exploited by others who have studied thinking patterns, identifying weaknesses and using people's instincts against them to push a share price in a particular direction.

Thanks SoundofSilence & Bamps really appreciate you taking the time to reply. I was struggling to get a handle on it.

ATB NE

Was looking in here today for Cobalt. I've done some research on the back of the 2017 announcement and company website but I would be grateful if anyone can give a brief update on whether the Panorama cobalt licences are in play. Not being lazy, a one word answer would be enough to get me doing more research. The company geologists recognised a significant potential back then and the news is all about countries stockpiling going forward. Many thanks.

Aren't we very close to getting our timing wrong. We are now it seems coming out of desperate times for the sector and that was recognised by the BoD who saw it as an opportune time to make an acquisition. Yet there is now talk of a commodity super cycle. If that is to be the case then the boat may well be sailing without us................ if indeed it was our intention of ever getting on it?

Whizzer your 16.08 post has some great points in it.

When the dewatering didn't go to plan.......things don't go to plan. It has been a scramble since then. TLOU's identity has changed and we now do seem to be somewhat flapping about like an injured bird.

We know the gas is there what we haven't been told is what it is expected to cost to get it out in terms of dewatering and what are the estimated chances of success of ever dewatering sufficiently to have significant commercial production. TG will have an understanding of the latter point from the geologists and work already undertaken.

Solar could be a money earner but certainly not on the scale of the CBM if we can get it out.

Clear as a bell.

There's a few who know how the Canadian market works at these SP prices and many who don't.

Caw Caw you have been here quite some time and put a lot of energy and good work into helping others on this BB, thanks. The one thing that won't change is that AM doesn't give a fig about shareholders. He see's what he wants to achieve for himself not for, Caw Caw, NoEasy, Jiving, Jay, Panama, Bolton et al . Retail shareholders are not on his radar. He is certainly not in this for the shareholders, but that doesn't mean shareholders can't profit here. Here's the rub. He has the knowledge and perhaps more importantly the experience of ramping up an oil business. It might crash and burn at the end, as it certainly has in the past but along the way there may well be opportunities to make money.

This won't be his last dilution but the question is can he make it a dilution that pays over the short to medium term. This is definitely a stock whereby everyone should consider upending the phrase 'Play the ball and not the man'. Play the man. He has given enough clues as to how he works.' For what it's worth there's money in understanding him not the stock.