Member Info for OrangeMoon

I had a few delayed trades yesterday, anything over 25k volume. Took a few hours to come through.

Usual suspects here so wouldn't surprise me... although, a larger part of me wants PFC to go on a sustained run to burn these shorters.

Even if the rise is technically/fundamentaly unjustified.

I spent too much time typing, and not enough time buying...

Maybe our kind seller will provide me with another opertunity today.

Seems there's a constant £5k seller around... I swept up a few of their trades yesterday. I'll take more off their hands today.

I certainly won't be the one kicking myself when we hit the global leaderboard #1 position for % Helium concentration.

I was going to add a little Friday morning troll to Paul C. regarding his platorea of questions... but my conscience got the better of me.

He's not wrong, as much as a little humour is good for the soul, it's best to keep a straight mind with your hard earned cash here.

De-risked EWT:

"The Hilliston #1 well - tested a 195ft column of non-flammable gas from the Amsden Formation at high flow rate and minimal pressure loss over 30 days."

On confirmation of Helium concentration in the Clink #1 Well, there is a good chance the EWT will be successful as the Hilliston well #1 was 200m away with above flow data.

The picture at HEX is good... Bo Sears comes across alot more professional (in recent interview) than the folk at HE1.

Yes, HE1 may have a 'potentially' larger resource... but all things considered, there is good value here, less risk, and the directors have aligned themselces with shareholders with respect to finances/options.

HEX may be in the shadows of HE1, but for how long.

HE1 had background Helium shows of x20 through mud at TD, wireline concentration was 4.7%.

HEX have background Helium shows x50 & x130 through mud. Should there be any correlation between the two, upwards this goes. TD>Wireline>EWT.

HEX having Infrastructure near by if very pleasing to the ear, as HE1 is around 4 hours off the beaten track to nearest road...

The strong background shows of Hellium has brought me here... (from HE1). I agree with most of the posted comments here and am also in the same way of thinking to most with regards to both plays.

Will be interesting to see wireline HE concentration levels after reaching TD.

@Herekittykitty what's your re-entry price?...

Your efforts are impressive for someone who doesn't own any shares here... especially so early in the morning 🥱

Can you apply the same hot air when you buy back in please...

Usual games here... Drop before RNS (reaching extended TD 150m)... Assisted by many burner accounts spouting complete nonsense (and lies) to get people to sell...

With the extended drill, there is a chance of a much larger concentration % Helium in the next few days. We have waited this long, why sell now... physiological games in play.

I thought this D4E would have been a done deal by now. I had Petrofac down as a bust after the suspension and going concern.

As time goes on, I'm questioning this threat more and more...

Petrofac walking the tight rope and trading through may be the best outcome for all parties (the bigger picture).

It's very hard to tell if buying in again is the right move currently, as PFC keeping closed lid on the lot. Scraping through to the end of Q3 and disposing of assets, bringing in new cash and negotiating with the remaining legacy contracts... Who's to say they wont?

I have respect for the shorts holding this long (only length of time - costly), but their decisions should also be reevaluated given we are coming up to a year since their initial position build... and a lot can happen in a year. Unless they were planning on holding this long? Which I can only doubt.

Anyway, I'm ever the optimist. Will be good to see this playing out and get a final conclusion - this year. GLA.

@ladybug2024 your thinking is similar to my own. I should have read your post prior to posting, however good to know others are on the same page here 👍

Petrofac may be able to muddle through this swamp they've created and onto new pastures... There's still a chance. A little bit of hope.

The new agreement is promising however the bonds still need repayed. The threat of D4E is still real, but currently that's all it is, a threat.

If a futher extension is provided after this one, there may be light at the end of the tunnel, as this would bring us to the end of Q3 and the proposed disposal of non-core assets.

The two remaining legacy contracts that are to continue after 2024 do pose an unknown, it would be good to get an update on the Thai Oils contract negotiations as a minimum in near term. Perhaps once the 2 remaining legacy contracts are resolved this could pave the way for take over offer.

PFC is still on its knees, shorts are still here, however there is still a small chance things could work out... some shorts have started to de-risk. Not the squeeze I had thought last year, but they haven't won yet. I may dip my toes in this one once again... it would make for a great comeback.

Time is at play here once again. IMO.

Itumbula West-1 Initial Commenced drilling 8th January

Itumbula West-1 successfully reached TD 25th January

961m Drilled in 17 Days...

Therefore this next 150m doesn't take a rocket scientist to work out when to expect TD on the 150M extension.

Sharebel - prove to me you can count to 10 before providing estimations of... anything.

4.7% He Concentration increases with depth... This extra 150m could release concentrations of up to or beyond 10%.

That's the next leg IMO - Prior to EWT.

Well if you are correct inky, great price to top up...

I'm going for 1.75p short term target. 4p on good EWT results. Too close to the prize now IMO for such a large drop.

If a 'seep' of around 10% Helium concentration has been recorded in this area previously, there is a very high chance that drilling down further we hit this source.

This would put us 3rd Globaly for helium concentration (as per last presentation statistics) instead of 8th.

There is also a chance we find a stronger concentration than 10%.

Only days away from this additional information.

False rise?

It's 100 million buys to 50 million sells... 2:1 ratio (that's after the first tree shake) Prior to it, it was 3:1

Looks like the moneys flying back in after the fake run down yesterday...

Shock Horror.

Considering there was 300 Million more buys than sells yesterday... can't say I'm surprised they're short of stock at these levels. Transferring the shares into tighter hands.

Grabbed a few more myself today too.