The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think you have misread what I was getting at. The report mentions Gold (or White) Hydrogen as a pure form that does not need any processing to produce, unlike Hydrogen found in natural gas Wells. It doesn't specifically refer to the company Gold Hydrogen. We have a form that is easy to process.
We've got lots of Gold Hydrogen....
https://www.hydrogeninsight.com/innovation/there-is-enough-natural-hydrogen-underground-to-meet-all-demand-for-hundreds-of-years-says-us-government-agency/2-1-1600507
Does anyone have an idea of when the appraisal process will confirm the size of the reserve underscoring the true value of the company?
OMG do people not get fed up with the Ground Hog Day conversations on this board. You guess, guess, guess as to what is happening. When you don't hear what you want to hear on an almost daily basis the moaning and the panic starts and then when LB comes back with news it's all cheering and LB is fabulous. Then 2 days later its back to the moaning again. Getting really tedious now. Can we just wait and see what LB has to say when the news justifies an RNS
Thanks bluebay. That clears things for me.
Can anyone tell me what these LLI's are that we are waiting for and how they impact the spud date. My 1st impression was that the items were needed at the end of the process, but seems that was a wrong assumption. Would be grateful of an experienced hands response to clear this up for me.
Can someone please explain to me what is the difference between a drill and an appraisal drill. Am I correct in understanding that the appraisal drill needs to be a completely different place to the original drill hole. If that is the case how far from the original drill hole are we talking? Just need the details to get a better understanding of people's comments regarding only being able to do an appraisal drill before the rains.
Royston Wild at Motley Fool has mentioned HE1 as a penny share to add to your ISA in May
Bids in by 26th, but the 25th April is Anzac Day in Oz so a bank holiday so I suspect the bids may have to be in by close of play on 24th.
From what I gleaned from the presentation the other day. I'm sure Lorna said that the first drill and subsequent data suggested that they had drilled on the actual fault line, and this was the reason for the poor hole stability. From that summation i am sure she also said that because of that they would need to drill away from that pad area. So I can only assume that this means a new drill pad needs to be prepared in prep of the drilling. Can anyone remind me of the timeit takes to prepare a new drill pad and how this affects our timeline for the spud date.
Cheers
Quosi
It seems that there are rigs available at the moment if you need one. A RNS from Victoria Oil & Gas this morning states that they have aquired a rig sat idle in Chad, and this will be transported to Camaroon shortly, and the contract negotiating.
The RNS states;
"Matanda: Following the rig tendering exercise, a suitable rig has been identified in nearby Chad, and this rig would be capable of drilling deeper Cretaceous targets as well as the shallower Tertiary targets. As the rig is currently idle, the rig owner will mobilise the rig to Cameroon whilst contract negotiations continue."
"The Company has selected an "over-spec" rig, in terms of horsepower and general capability. Such a rig could drill deeper, in fact down to 5,100m, meaning Cretaceous targets would be easily within reach, as well as the primary Tertiary targets (of which Marula is the first to be drilled). The rig owner, who has a large, global fleet of over 40 rigs, will mobilise the skid-mounted rig to Douala."
Just a question to the more knowledgeable regarding the renewal of the licences.
What would be the possibility of a Major company putting pressure on the Tanzanian government to NOT renew our licences, and offering more $$$ to be given the licences. That way they would get their hands on a world class asset for a fraction of the cost of a TakeOver of HE1, and no partner to deal with.
I amn sure this won't happen, but I am a cynical person, and anything is possible these days.
Peoples thoughts????
An article I have read today by Zaven Boyrazian at Motley Fool says....
However, a risk I pointed out back in May was the possibility of disappointing results from further tests. Lo and behold, that’s precisely what happened. Drilling tests at the Tai-1A well confirmed the presence of helium. But petrophysical analysis showed it didn’t exist as free gas and therefore cannot be extracted. Meanwhile, its second drilling site, Tai-2, could not confirm the presence of high-grade gas.
I don't recall that bit about the "analysis showing it didn't exist as free gas" do any of you? I thought the issue was the inability to get a wireless down to Analyse the well.
Don't know if it will have any affect but emailed one of the Board of Directors saying............
"Could you ask David Minchin to give the shareholders an update on the progress of the preparations for the drill at Tai?
He has been fairly prolific with tweets up to a week ago, and now that the spud date is imminent, it would be good to have a further update on how things are progressing."
Anyhow he replied saying "Certainly will do".
Let's hope it generates a response from DM very soon.
Motley Fool's Harshil Patel is touting HE1 as a buy & also owns shares in Helium One Global himself so confident in the company.
Many thanks Mr ST
Does anyone know what the EPIC code is for HE1 on the German market?
Can't remember which city it was? Frankfurt or Berlin?
I assume they are open today?
Hi Seisprocessor
Not got your expertise in these matters, but have you not calculated the volume wrong by a factor of 10?
You said the area was 10sqkm which 10,000m x 1,000m not 10,000m x 10,000m? That would be 100sqkm.
Please ignnore me if I'm wrong, and sorry to downgrade the volumetric.
cheers
Q
Ricky290, I'm in almost a similar postion. My Break Even point is £1.56p
Like you I can't see me ever getting this amount, but ever hopeful.
Fingers crossed that Roy is a magician who can turn this thing around.