Member Info for noix

Do as I say and not as I do.
Germany is responsible for the production of 44% of brown lignite within the EU and doesn't plan to phase it out completely until 2038.

that this probably started the slide
https://www.investegate.co.uk/thungela-resources--tga-/rns/tr-1--notification-of-major-holdings/202109171100061374M/

Where exactly ?

Yes, suspect it's a series of reasons for the drop. Coal is in fact off the boil a little but way north of our R830 ton guidance for this year. The trick is to time the turn around :)

Here's the ASI, where at 31st August we were at 445.
The market cap for number 350 is circa just under £800 million.
http://www.stockchallenge.co.uk/ftse.php

There you go. The DT article is behind a pay wall but you are allowed a free article per week, so it's easily bypassed for this read:
https://www.telegraph.co.uk/business/2021/09/03/record-gas-prices-risk-resurgence-dirty-power/

I believe this covers all the relevant points re the drilling program from the rns of 22nd March:

"·Option for Mitchell Drilling to take payment for 3rd hole as equity demonstrating commitment and confidence in the project.

·Option to expand exploration programme with 4th hole, which would also be payable as equity to Mitchell Drilling.

· Identified rig has capability to remain on site for follow-on appraisal drilling, saving cost and time in demobilisation and remobilisation of camp and equipment.

David Minchin, Chief Executive Officer, commented:

"We are delighted to work with Mitchell Drilling as contractor for our maiden exploration drilling campaign. Mitchell Drilling are highly experienced in gas exploration with all the technical knowledge and expertise required to deliver a safe and successful exploration campaign.

"Mitchell Drilling have indicated that they are willing to take 50% of the contract value in shares, with a commitment to drill the 3rd hole and optional 4th hole for equity. Not only does this demonstrate Mitchell's commitment to the project, but also offers Helium One the potential to expand our exploration programme to include additional targets that may be identified from the current infill seismic campaign.

"Drilling is expected to commence in mid-May, supported by accelerated mobilisation with a drill rig which is already in Tanzania. The rig that Mitchell Drilling are providing is larger than originally contracted and is suitable for drilling of 6¾" appraisal wells. This will allow the Company to move directly from exploration into the appraisal phase, saving considerable time and money in demobilisation and remobilisation costs and allowing Helium One to continue the fast-track development of our globally strategic Rukwa helium project."

Details

Helium One have agreed contract terms with Mitchell Drilling for completion of a three hole exploration programme at its 100% owned Rukwa project in Tanzania. Mitchell Drilling is a global leader in drilling technologies with over 50 years' experience and 115 rigs globally.

As a demonstration of support for the programme, Mitchell Drilling have agreed to upgrade the drill-rig and supply a larger rig at no additional cost. The selected rig offers increased capacity, providing additional drilling power to the exploration campaign. Importantly the rig is capable of drilling a 6¾" diameter hole to 1,200 metres, making it suitable for appraisal drilling subsequent to a discovery."
So it's three well programme with the option for a 4th well. One of the many questions is to what extent does Tai 2 figure in the above. Following on from my earlier post, can any one tell me with certitude what the TD was ? If as I suspect it was extremely shallow, I cannot see how it can qualify as one of the three drills. Call me old fashioned but I find it incredible that the rns did not clearly set out the TD of the well.
ps Note the cv for Mitchell Drilling in t

"Experience tells me that obsfucation is a red flag event."
Particularly when obfuscation is spelt incorrectly. I do wish there was an edit function on this site :)

As you have alluded to, there are many more questions than answers. As I said in the mayhem following the rns, it was a nothing rns. My understanding was that Tai 2 was going to do the job of Tai 1 and allow them to wire line log to the same TD. This is supported by the location off Tai 2 just 20 metres from Tai 1.
In the event, without any apparent explanation, my understanding (correct or otherwise) is that Tai 2 went down to circa
70 metres and if so, at the very least, the Company needs to provide shareholders with an explanation.
One other important point. Interviews and twitter feeds need to be taken with a pinch of salt. The only valid news stream is via rns and even those can at times be opaque. Experience tells me that obsfucation is a red flag event.

Don't beat yourself up too much, the high at HE1 was circa 28p, although intra day might have been slightly more.
There are many over there now that would like to be in your position. 160 million traded today so far.
Good to see that we are revving up the engines at last in Guyana.

I don't re call ever seeing a more vacuous rns in the O&G sector.
A re minder of what they were trying to achieve at Tai 2 from the rns of 19th August:
" The exploration well targets prospective Lake Bed stratigraphy, which was identified but not fully evaluated in Tai-1. "
And this is apparently what they actually did from today's rns:
"Tai-2, which was completed without identifying helium gas, has provided valuable information on shallow trapping potential. The well targeted continuation of a 2.2% helium show identified in a sandstone interval at 70.5m in Tai-1: A high-grade gas show which potentially indicates free gas in the subsurface."
So it would appear that contrary to the first rns, all they tested on this drill was an interval some 70 odd metres deep.
If so, I'm amazed they have got away with it and at the very least clarification is needed. If what I suggest is correct then why wasn't this spelled out to the market. If I've got this wrong then I gladly stand to be corrected.

"This is one for the patient."
And I'm afraid the patient is not very well.
I see these got as high as 17.5p just a few days ago and there appears to have been some serious off loading prior to last might's close of 13.0p. Draw your own conclusions.

I'd have thought that a $4.3 billion revenue stream, over a 17 year average contract period, with a 78% adjusted EBITDA margin isn't a bad start. Some of the news we are eagerly awaiting should hopefully enhance those solely Nigeria asset figures.

Just in case you are not being sarcastic, as they are using the same drill pad, then it's safe to say it's 20 metres.

It doesn't appear that she has left in a trail of glory but I'd have been concerned if this hadn't been included in the rns;
"Steve Jenkins, Non-Executive Chairman said:
"I would like to thank Isatou for her years of service as we look forward to another phase of rapid growth at Savannah."

By my calcs the mkt cap was circa £323 million - rounded up - when the share price touched £1.75 in September 2019.
This may help as it gives the number of shares in issue:
https://www.investegate.co.uk/eco--atlantic--o--38-g--eco-/rns/company-s-incentive-plan---grant-of-rsus/201908230710059985J/

I'm not advocating that folk buy into AAZ, although, as you say, it would be great if the chart performance of SAVE mirrored the rise of AAZ . I am not a holder but have been in the past. Whether it is here or over at adv*n, these boards are a mixture of the good, the bad and the downright ugly. We are fortunate that this board is a good one (one of the best) and we are graced with knowledgable posters who are prepared to share their time and research. My mentioning of the two AAZ threads was simply to give a pointer to two threads of the same ilk, where good natured, knowledgeable investors are prepared to share their experience and expertise to help others. Indeed wanobi started his thread some two years ago, as a complete novice and through the help of posters on the main AAZ thread he has developed his market knowledge. As I said in my previous post, it's a great place to find companies that warrant further research and to interact with experienced investors. Nothing more and nothing less.

I'd like to bring your attention to a couple of threads in the other place, where I know some of you already post.
Anglo Asian Mining (AAZ) - one thread is authored by Mattjos and is about the Company and the PM markets. The technical expertise and knowledge of many of the posters on the thread goes beyond the norm and should be of interest to folk.
The one that I'd really like to draw attention to is the wanobi thread. This is loosely centred around AAZ but is primarily a forum to discuss companies with good potential. They run three competitions, a weekly, a yearly and a 100 bagger. Now's a good time to look in because odsjp has just posted the latest results. There is never any agro and when disagreements arise they are handled in a mature way. Many folk use the thread as a starter for companies to research and I believe it's well worth a peek. Most of the posters on the thread have been around a long time and not only know their stuff but are prepared to share ideas. Wanobi himslf is a chartist, if that's your handle and he will post charts upon request.

Trek
When I first read your post I believed them to be your thoughts and not those of the "Motley Fools".
It's what has probably caused the drop :)

Ag and O&W
Thanks for the replies.