Member Info for panman

We or I at least want the name of this fake geologist. Keep asking and don't get his name. Can only presume the geologist doesn't exist??

$35K was a great price for msmn. Did you see my posts on how badly msmn were doing when they gave up the licence for that $35K.

They were hit by covid so the abo's withdrew all permissions for anyone to work on their lands rendering the licences unviable, oil collapsed to $25 a barrel messing with revenue from their US ops, they'd closed their Aussie offices for lack of cash so were going to lose the licence.

The licence itself wasn't given at the time it was just "applied for"

The list of msmns woes was endless at the time, suggest forget Tom and read some of the rns's from that time.

No just tell us the name of the geologist that'll be the best thing.

And why can't we know the name of the geologist who didn't understand salt traps and their potential?

Does he exist?

Over a granite base.

Hope we're all loaded up!

Its a large cap too so fingers crossed time..

"The Hussar Project will be a test of a very large Neoproterozoic sub-salt basal petroleum & Helium prospect in the Officer Basin centred upon the proposed re-entry and deepening of a well drilled in 1982, Hussar-1.

An undrilled to date seismically defined sub-salt basal Neoproterozoic aerial closure of an estimated 200 km2 has potential to host a multi-TCF resource of gaseous hydrocarbons with high concentrations of Helium,"

Note 1

"petroleum & Helium prospect."

Note 2.

Co, upfront the salt dome hasn't been penetrated and that they intend to drill through it ie no misleading pi's.

Note 3.

They have a 200 km2 salt trap!

Point 3. apologies for all the posts stuck indoors today so researching.

Also "It is a lie to claim that “targets have already been drilled” or “targets have already flowed gas”

"Hussar-1 Mud gas readings to 1000 ppm. Possible gas blow Kanpa Formation Neoproterozoic on air lift. Trip gas to 4.6% total gas. 72% oil"

My main concern is still they'll extend Hussar and discover too much oil!

This is why I wanted the geologist named or the puffpiece pulled. "the Hussar-1 well did not target or drill through the pre-salt Heavitree Quartzite reservoir which overlay a granitoid basement, but instead reached its TD of 2,040m in a massive halite (salt) in the upper Browne Formation"

IT reached a massive slat dome over granite base which is perfect for forming and trapping helium.

Why didn't the geologist know this and if he does why is it not in Tom's report?

https://www.researchgate.net/publication/340251896_Granite_is_an_Effective_Helium_Source_Rock_Insights_from_the_Helium_Generation_and_Release_Characteristics_in_Granites_from_the_North_Qinling_Orogen_China

Actually most of it was dribble. Look at the garbage about why was only $35 or whatever paid. err Tom covid had hit, oil collapsed from $50 to $25/B so there went MSMN's US revenue stream, The Abo's pulled the plug on all land access due to covid and MSMN had shut its Australian office due to no cash and all duty to get the potential licence sorted again was down the farminee.

Its like no research was done at all just headline "bad" news was given and then the articles pulled from both here and advfn before they could be properly challenged (which takes time).

Pay to view so copyright? Either that or no one really cares enough to pay they're just waiting for it to all blow over.

Peeps wondering why msmn sold the application for the licence so cheaply should read this 24 Mar 2020 update from MSMN.

Highlights the state of the co. at the time and the dire state of the licences in Aus.

MSMN were well and truly up the creek without a paddle..

https://www.lse.co.uk/rns/MSMN/corporate-operations-update-lgdhb6b2xw53vua.html

Well when I went and googled myself only found the one article from 0.0024 level so may have my wires crossed somewhere. Don't think so but can't re find the links so best assume I'm remembering more than actually happened til I do.

Did find the msmn farmout RNS though. When msmn sold it it wasn't a licence, EP145 was but EP155 was still just an application for a licence.

Westmarket had to do everything so likely explains the cheap cost of the licence application.

https://www.lse.co.uk/rns/MSMN/farmout-of-amadeus-permit-epa-155-yymfice8uuwri6a.html

Think its his style and yes he did msmn articles last year. Pretty sure you'll be able to find them if you google.

Seem to remember he was asking was it the worst share on the market ever or some such thing, It was pretty tough at the time but he eventually gave up and the share moved on up.

Agreed and in same position so gritted teeth all round. At least drillings not far off in the scheme of things. Hopefully once the market gets signs there's not going to be a delay buyers will appear and shorts will become longs.

Saw your earlier post on these Seav. Noted you'd not read the article but sold because the shorter had posted on them anyhows.

Think thats how it is. No one believes he has any superior knowledge they just sell as they're frightened their stock will drop.

MSMN was the same last year. He did a series of attacks around the .002p level, one after another just like here. Most sold, I loaded up at an average of 0.0018p and sure enough once the market realised he knew nothing they took off.

Expecting the same here but admit yes patience can be tough when your stocks attacked daily and if you're quick often best to jump ship asap.

If you're going to panic panic first though they say not at the bottom.

"Apologies. I bought in earlier today, but had to sell out just few minutes ago after seeing the tweet. Unable to read the article but don't like unknown unknown with juniors so out. Gla."

They do have a note below fig 10..

"† - Wells drilled during the Exploration and Appraisal programme are assumed to be drilled and completed ready for production"

Only a guess but maybe they're not accounting for them selling at the wellhead?

Another, older broker noted coming in at 127p valuation. Seems a lot more agreement re valuation between broker notes than from pi's and shorts..https://wp-georgina-energy-2023.s3.eu-west-2.amazonaws.com/media/2023/01/Georgina-Energy-Plc-DWResearch-January-2023.pdf

Didn't realise they'd been audited for so many years, gives some confidence the bears aren't entirely correct in calling them a scam and the projected profits going forwards for this marketcap are insane.

From the other note...

"Georgina’s team has invested £2.3 million of their own money in the company which has been audited since 2019, its year of incorporation. If their geologists are correct — and the company thinks they are — they could be on to a winner.

Under a base model for profitability and current helium pricing, Georgina could be making $150 million in revenue. Every year. Just in situ values in the ground could be more than $5 billion billion of helium and hydrogen at Hussar. And these wells have at least a 30 year life"

The other note on their site gives them trucking to Darwin if necessary and making first profits end 2025...

"In the worst case scenario, Georgina can simply truck the gasses to Darwin for refining. It’s also got the hydrogen, and they know this because three historical wells saw 9% helium and 11% hydrogen with a 100% success rate.

So if all goes to plan, Georgina will be making profits by the end of 2025."

https://miningaim.co.uk/georgina-energy

Haven't read all of that one yet so apologies if I've missed something obvious re timings.

Not now but did earlier Legalwolf. kept getting offered a price outside the split to buy which was annoying with the drop.