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What fills me with confidence is they haven’t consolidated. That means they’re not thinking of a future dilution. I think that’s why we will see a JV

You’re now 3 days over the couple of weeks you said it was for news.

Can we have a tweet with an update on if we’re going to get news. Even if it’s. The flow test is taking longer than expected

And it could be double that with the spot price of $1000 mcf

#QHE Testing operations continue at Sagebrush-1 as we advance the extended production test program in Colorado

Preliminary #helium gas analysis has shown characteristics consistent with the original Drill Stem Test

The ongoing program continues to provide valuable technical insight into the Leadville reservoir and will assist with future completion and development planning

Further updates will be provided as the programme progresses and as material technical results become available

Still on going

A lot of expectation of news this morning.

Their tweet did say a couple of weeks to finish and they would update us as soon as possible. I doubt good news would come out on a Friday/tomorrow.

They do tend to over promise and under deliver.

Saying that. The two weeks runs out tomorrow and Monday would be within that time frame

I don’t think a good result has been priced in yet.

And all the tweets and rns look positive. So I’m thinking it will be a commercial well or they would have shut it down by now. Just how big is the question. The lower Leadville is the key to the price when the announcement comes which should be from Monday onwards

Get in now if you don’t want to miss out

The rings are obviously to seal the pipe and stop gas escaping around the pipe. So maybe this is the test equipment to gather information about the pressure at the lower level or to maximise the pressure while injecting the cleaning fluids into the ground.

Can anyone identify the pipes in the photos. Aren’t they the one for perforating the bottom of the well. I wonder if there going in or coming out

A couple of weeks means two weeks and more importantly. They would have given themselves some wiggle room.

They’re obviously sending the gas to a lab maybe because the results on site are unbelievable.

Couple of weeks. Not a few.

At least they’re keeping us informed. If it was not productive they would have stopped the work by now.

Getting their duck in a row is the aim ATM

That 6-15 million per day will be mostly profit as the by products will pay for running costs even if the oil price drops.

This could be producing our current Mcap every day in pure profit. This really is the golden ticket and the longer the test goes on the more confident I am.

What I do however is think the traders and sell on the news guys will keep the SP back until they realise the big investors are taking big chunks. The traders will then get back in to gain more % which will rocket the SP.

Does anyone have any idea how long it will take to build the infrastructure to attain a fully working well ?

My guess is within six months

I did some research last night. Mostly AI. But still. If you ask simple questions. It can be useful.

I asked AI. “If production was 2.7% at 500mcf. And at today’s price. How much revenue would be produced”

The answer was very surprising.

Depending on purity and contract or spot price.

6-15 million $ per day. That’s a lot of revenue. I was very surprised. Has anyone anything to add ?

Match

It would Mach the buy/sell equation add up more. So I think a buy that was added to all day. Hence the price.

Saloon. You got there just before me 👍🏻

All the pipes have gone that were on the rig. They’re either in the ground or on the truck. Either way the drill is done and now we’re just waiting for the test to complete and results

Squeaky bum time

Some people getting the jitters because there’s no tweet today. I think we’ve got to wait until Thursday for the big news. They can’t say anything on twitter that will directly affect the sp.