RE: Reminder of News Due28 Feb 2025 10:50
The anticipation and excitement continues to build! Hoping for offtake news from London and further progress towards the 10th March, approx. Reading the scoping report again I'd like to see post drilling updates evaluate the He/NG option, as the report alludes, because this will surely drastically increase the raw gas price chargeable at well head. This He with H purification plant seems too bespoke/novel to me, and very expensive, although still commercial at 27%IRR. Look at Hex, though: I know the flow rates and %s differ but Rudyard will be producing on just 500kUSD capital outlay. My money's on Gex dropping the H and going for a more standard and lucrative setup on He/NG. After all, the H is only about 10% of the prospect and only 4USD/MCF. It ain't as lucrative as people seem to think. The He and NG are, though, totally, and there's oceans of the stuff down there. Finally, have just checked weather warnings down at Hussar and there aren't any at all, no floods or bush fires or even significant rainfall. The consulting team must surely be capitalising on this! AIMHO.