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I can't help thinking that 75 posts against 12 trades says quite a lot about this BB.

Exactly what I'm saying Dai, that stuff just seems to get everywhere!

Apologies if I've gone a bit off piste there, suffering quite badly with Covid at the mo and may be hallucinating a bit.

I bet they've found old bits of blue & white china though, that stuff always turns up. Weird.

@Paulio11 - Don't worry, once the RNS lands and we have more helium than we know what to do with, this BB will reach a whole new level of dribble, nonsense and conspiracy theories.

It's something to look forward to.

I won't care then because I'll be long gone, hopefully with a decent profit.

@ ITV - Just what we need, some Adele to bring us down.....

All we need now is that all-important He-confirming RNS to cheer us all up.

Oh yes, and make us all rich with any luck. Or not broke, at least 😊

@ Hop2 - I think we all hoped it would be Friday based purely on Lorna's "approximately 2 weeks to TD" but as I said earlier today 'approx. 2 weeks' could easily turn into 2 1/2 weeks - or longer - but we just don't know what the situation is on the ground, or in the ground for that matter.

Drill beyond the target TD? I have no idea. Assuming all their seismic data is accurate I can't see why they would, unless they wanted to allow an extra 10% to allow for any data anomaly? But then extra drilling and time cost more money.

I'm sure there are some experts on here that will be able to enlighten us.

.... could easily be 2 1/2 weeks if the drilling conditions have been tougher than anticipated, or maybe they've just gone a little slower since their outage and don't want to put any more stress on the rig than is necessary?

All we can do is wait patiently for the update Lorna promised, and hope it is positive.

Fingers crossed.

It probably is more complicated than that, but can't help thinking that any leak - either way - would have the SP rising or falling more than the range it is currently in. Maybe HE1 have a tight ship at last, the only 'news' coming via X tweets?

In the words of Sydney Youngblood, all we can do is sit & wait....... sit & wait..... sit & wait......

The opposite must also be true; if they knew by know they had found loads of helium and possibly a discovery the SP would be rising sharpish. It isn't.

Can we assume from the stable SP then that whether they know it's a discovery or a duster, it isn't being leaked?

@ No1 - 15p? Yes please!

I'm only holding 210,000 and I'll de-risk a bit if the SP heads north of 8.5p but for sure 15p would be of great help to me as my PF is in the toilet at the moment. Only myself to blame, oops.

I don't think there'll be much tidying to do - every image or video we've seen via X of this campaign has appeared clean & tidy.

I don't think we could have wished for a more professional approach from HE1 this time, they seem to have done everything right from the moment they bought the rig. Even the component failure was dealt with in a timely and seemingly efficient manner.

Let's hope HE1 and us PI's are rewarded for all their hard work.

.... to send this down towards 11p?

They increased their stake in Finsbury, a non-exec director resigned.... anything else?

Very odd.

It needs something, the SP is going the wrong way. Again.

😓

@ KeithOz - 2 excellent posts, as they usually are, always reliable, rational, well reasoned and informative. I'm no expert (at all) but even though much of what you said went over my head I still got it

Thank you.

*Sorry, TD 1,100m.

And I thought I checked it all thoroughly. D'oh!

The original timescale to TD 100m was 'approx. 2 weeks' from when drilling commenced on 25/09, so completion around 09/10.

Drilling was suspended on 04/10 so 5 days short of the original 2 week estimate.

Drilling restarted on 15/10 so we should expect it to reach TD around 20/10 assuming it is still on schedule and there are no further (serious) issues.

If I had to guess - which I will because it's all any of us can do - I would say they'll reach TD at the end of the week, maybe over the weekend allowing a little extra time in case, then they'll assess what they know at that point and RNS at 7am Monday with an update.

Quite what that update will contain is anyone's guess and I won't even try, except to say I hope it's bloody good news!

Good luck all, fingers and everything else crossed.

Hi Dai.

When I read my post back I knew straightaway I'd get picked up on the "600-800M" !! - sorry, I wasn't suggesting this was how far they had drilled, meant to be an example of how much drill/piping that might have to overcome friction.

What is TD mean to be, 1,200M? Imagine the load on everything! Not for the faint-hearted for sure.

Cheers.

@ gogs @ dai

I'm no expert on drilling for gas & oil (or investing, it seems!) but I have a question.

I understand they began with a 20" drill and subsequently reduced down to the final stage at 8 5/8", but isn't there still a lot of friction and thus drag on that? I can't even imagine how much there must be on say 100 metres or more of drill, in addition the the other 600-800M already down hole.

So unless they can overcome all that drag it would still require a huge amount of drivetrain power to overcome it, let alone progress the drill further down the hole.

Any thoughts?

Or lead balloon? Despite the RNS that should have got this going up it does rather seem to have gone down like the proverbial lead balloon.

I'm beginning to think that even if Harry turned up outside the Stock Exchange and dumped 30 tons of gold on the pavement outside the SP still wouldn't go up. Plus he'd probably have a massive fine to pay.

The more I watch, the less I understand.

Not the news we wanted but hardly a surprise - hard enough drilling a hole in a concrete lintel to put up a curtain pole let alone drilling a hole over a kilometre into the earth, with no way of knowing 100% what you will encounter on the way down.

If anyone thinks this is easy then they are a f**king idiot.

Bad enough it has happened but not the disaster some are suggesting it is; it's fixable and then they continue to TD and hopefully get a result.

What we don't need is all the doom merchants and conspiracy theorists coming out to play and speculating what/how/why/who/when as if this as some sort of silly game. It isn't.

Hmm... maybe the drills not broken after all? Maybe they are just saying it is to a) have a rest and b) to drive the SP down so all their friends can get in cheap because they already reached TD and know they have a discovery?

No, probably not.