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Just to clarify, the 3 wells before production are already fully funded. Non-dillutive future sales agreements and/ or loans will be used for construction of a processing facility and production works.

Olderandwiser, 2025 production is planned from 3 wells. Any drilling between now and then will be funded most likely by non-dillutive future sales agreements and or loans. There is no problem getting large Helium consumers to pump in cash to secure offtakes.

It should be obvious now that Ingomar Dome has massive potential. The Helium and Hydrogen is there, and all they need to do is exploit it with a careful incremental approach.

It could re-rate based on a few developments: Amsden grades, Rudyard discovery and Hydrogen re-evaluation. It's seems like there is nothing priced in all right now, but I don't think it will be like this for much longer.

Just think when they drill more wells once they find the sweet spot in that massive closure.

It's all about the MUD!

David Minchin interview...

https://www.youtube.com/watch?v=WKymDUWgEJU

Ollycromwell, that's way too pessimistic. Don't forget about Rudyard which is likely much better initially - it is an appraisal well with known commercial gas flows and 1.6% He.

The original wireline logs showed Amsden being well above background He levels, but a bit less than Charles, so could be about 0.6%. If they can unblock Charles it could be around 1.3%.

CuriousCat, that's why Bo is going to consult with other Hydrogen experts to try to understand it and what can be done about it.

If Amsden comes in with commercial grades of Helium that's a success, then we have Rudyard coming up which is likely to be good.

Since my post got wiped, I'll do it again...

The old well right next to Clink#1 flowed at 8.5mcfpd. That's a lot of gas, and there was non-flammable gas present which indicates helium. Also evidence of helium shows around the old well coming to surface.

Did anyone notice a whole batch of posts between 15:10 and 16:32 just disappeared.

Office, you appear to have little understanding of well testing. The initial testing period after perforation and before the EWT still needs to be sufficiently long to gather the data and get average readings over time. Sometimes this is only 7 days and sometimes a lot longer. You don't just a result instantly. Extended well tests are often around 30 days of uninterrupted gas flows.

Office, they haven't got the results yet. They are still flow testing and gathering data.

It seems to me that HEX is gathering as much data as possible before releasing news and before the Hydrogen conference in France.

Oct 24, 2024 - Proactive Ivestors - Clink#1

https://www.youtube.com/watch?v=w5T3gMkR8lU

Bo: "Flow testing is often times a long term endeavour, because you have to take pressure readings at different rates."

...

"As we were drilling this well we were getting flows and kicks with 11lb mud, so we have a lot of over pressure reservoirs in this thing."

Skippy, I disagree. Logging has to be done with full production casing in place, which means it's more difficult to get the data they are after to delineate the formations. That's what is taking time.

It's quite obvious that they haven't perforated any wells yet, but they are about to very soon. It's a case of "measure twice and cut once" that we are seeing here. First gas to surface could be next week and it would be unlikely not to have decent flow rates from Clink#1.

In an earlier interview after casing Ingomar, Bo did say they were going to take a careful and measured approach to operations. So I guess that's what we are seeing.