Member Info for RKBeekeeper

Second frack planned at Nilson well.

Todays RNS is possibly one of the most important that Voyager Life has

issued.

You may find it beneficial to read the full RNS but one or two salient points:

1) Nilson production, containing approximately 0.6% helium, has been rising with associated water volumes decreasing.

2) Fully funded programme to carry out more substantial frack to stimulate greater production.

3) As M3 Helium's management hoped for, the Nilson well exhibited shale-like response behavior following the first frack including a sharp increase in gas production, followed by a corresponding sharp decline over the following days. However, unlike shale, the Nilson well has subsequently increased in production, steadily over time, while associated water volumes have steadily decreased. As of 22 September 2024, the Nilson well was producing 34,000 cubic feet per day (34 Mcfd) containing approximately 0.6% helium, along with approximately 22 barrels of water.

4) The frack operation is anticipated to cost in the region of US$170,000. Given the unexpected, but very pleasing, behaviour from the Nilson well, an operation of this magnitude was not in M3 Helium's or Voyager's original plan. Nevertheless, should the operation succeed then the implications for the two companies' future operations in the Hugoton, being the largest conventional gas field in North America, could be significant.

5) Nick Tulloch, Chief Executive Officer of Voyager, said: "Conventional oil & gas theory is that well production declines over time. The fact that Nilson has been steadily rising since coming on production last month is remarkable.

RKB

Good Evening Trek

I agree with most of what you say.

Aquis should have been the “New AIM” but unfortunately it did not live-up to its expectations.

Liquidity is our main issue on Aquis. As others have been vocal about the spread, I would have thought that they would have understood that the Market Maker(s) could earn more by reducing the spread.

I am one of the original investors that invested at the start via Seedrs. I was one of only three who was invited to a dinner with the BoD in Edinburgh. It is my understanding that if you want to sell your Seedrs holding, you let them know and they bulk up the “sells” and once every two weeks they sell your shares. You have no idea what you will get for your shares. So most Seedrs “Holders” are reluctant to sell.

On our initial Crowdfunding at Seedrs there was EIS tax relief at 30% with the clause that you must hold your shares for three years to claim the tax relief and this time-limit has now passed. In the past, most would have not sold if they had claimed the tax-relief (I claimed mine earlier this year and receive a nice cheque from the taxman)

The only way for Seedrs “Holders” to sell their shares is for them to transfer them out which is not easy.

The only solution to reduce the spread of 42.86% is to move to AIM and that will happen as I say, hopefully next month.

RKB

Part 6

What does this mean for Voyager?

Assuming the Rost well performs as expected then the company will most likely drill further wells in the area. There is relatively little data on Fort Dodge (after all one of the attractions is that it has historically been overlooked) but management expect the reservoir to be tightly defined and they have cautioned against the same number of wells that may be available for drilling on the Hugoton.

But if Rost performs as outlined above and if Voyager was able to drill just 3 wells at Fort Dodge then that’s already $1 million of revenue per year for the company. Maybe more if de-watering works as expected.

In the context of Voyager’s market cap this type of opportunity is capable of being a company-maker.

RKB

PS Our RTO of M3 Helium will hopefully complete next month and all going well we will list on AIM.

Part 5

How will the helium be sold?

Unlike the company’s wells in the Hugoton, the Fort Dodge area is not proximate to Scout’s gathering system so a direct tie in will not be economic. However, M3 owns a Pressure-Swing Adsorption (PSA) modular processing unit which could concentrate the helium to around 20 – 50% onsite. From there, it can be taken by road for further processing.

If, for example, the company was able to source a 100 Mcf tube trailer (which would be small) then it could potentially be shipping 20 – 50 Mcf of helium per load. In other words, maybe somewhere in the region of $8,000 – $20,000 at a conservative price of $400 per Mcf. Management report there are two potential offtakers, each within an hour’s drive so transport costs will not be significant.

What are the next steps for production?

According to the company’s last RNS, power is expected to be connected to site this week and then the PSA will be commissioned around 10 days later. The pump and water tanks are already installed. Therefore production by the last week of September seems realistic.

RKB

Part 4

What is the well’s economic potential?

Geology can be unpredictable so it’s obviously important to recognise that static data may not be repeated once the well is in production but, nevertheless, data gathered at this stage is a strong guide to what may be realised.

Taking the core data available so far – a flow rate of 47.1 Mcfd and a helium concentration of 5.1% – if that was to remain constant then Voyager could potentially produce 2.4 Mcfd of helium. At current pricing, that should be worth over $1,000 per day to the company.

Furthermore, if management are right and de-watering the well increases the flow rate, then that revenue potential could rise significantly. Put simply, clear the well perforations of brine and more gas should flow.

RKB

Part 3

Where is the Rost well?

The well is in south-west Kansas just a few miles outside of Dodge City of western movie and Wyatt Earp fame. It’s around an hour’s drive east from the Hugoton gas field.

What makes this area so interesting to Voyager?

The Kansas oil & gas industry is best known around the Hugoton gas field, one of the USA’s most prolific producing areas over the last 90 years. However, Kansas production is by no means confined to this field and there is an opportunity for Voyager/M3 to produce from regions that may have been overlooked in the past by the majors. The Fort Dodge area is an undeniably smaller prospect overall than the Hugoton but individual well performance could be exceptional.

Rost 1-26 is a case in point. The well has previously been tested by Shamrock Gas Analysis, Inc. to contain a gas composition of 5.1% helium. At the same time, Thurmond-McGlothlin, LLC tested the well pressure at 302.7 psi. These tests follow on from a flow rate that was measured at 47,100 cubic feet per day (47.1 Mcfd). What is potentially more remarkable is that this flow rate was achieved with brine levels 1,058 feet over the perforations.

RKB

Part 2

Yesterday, Voyager Life PLC announced that preparations to bring the Rost 1-26 well owned by M3 Helium Corp. (“M3 Helium”), into production are now well advanced. Sales of helium from that well are expected to commence by the end of September 2024.

Yes, it is one of the few companies that are producing and selling directly to the U.S. market.

The Rost 1-26 well, located in M3 Helium’s Fort Dodge prospect, was tested by Shamrock Gas Analysis, Inc. and contained a gas composition of 5.1% helium in July 2024. Thurmond-McGlothlin, LLC, an independent professional firm, also tested a well pressure at 302.7 psi in July 2024 while taking the samples.

These tests follow on from a flow rate that was measured at 47,100 cubic feet per day (47.1 Mcfd), with this result being achieved even though brine levels were 1,058 feet over the perforations.

RKB

Pre Production Started at Rost Helium Well

Part 1

It looks like the Market has still not fully understood what Voyager & M3 Helium are about to achieve.

From the recent Sharetalk Interview (the final paragraph I will post first as it is important and obviously has been overlooked (at the moment) by the Market.

“What does this mean for Voyager?

Assuming the Rost well performs as expected then the company will most likely drill further wells in the area. There is relatively little data on Fort Dodge (after all one of the attractions is that it has historically been overlooked) but management expect the reservoir to be tightly defined and they have cautioned against the same number of wells that may be available for drilling on the Hugoton.

But if Rost performs as outlined above and if Voyager was able to drill just 3 wells at Fort Dodge then that’s already $1 million of revenue per year for the company. Maybe more if de-watering works as expected.

In the context of Voyager’s market cap this type of opportunity is capable of being a company-maker.

RKB

I need to be extra careful as to what I say.

I talk to most (small) MKT Size Company BoD that I am invested in.

I also meet CEO’s whenever I can.

I do not watch any share 24/7 because I have limit orders in that will trigger when the price reaches my target(s) On QBT I have 248 limit orders that were re-set (again) on 21st July 2024.

QBT Limits go up in increments of 0.5p from about 4p to about 20p then the increase is 2p then 3p then 5p and my final limit is set at £3.10.

Now LtdAxis and the usual suspects will have their tuppence worth tomorrow and say I am delusional but one day FG will deliver and LtdAxis etc will kick themselves.

RKB

PS If you want to make a quick 100% to 200% look at where I am invested that is pivoting to Helium (and they are the only UK Listed Company that has a producing well) Hopefully they do not RNS tomorrow but the window is closing before they announce the completion of their RTO.

Missed out

SBRY

ITV

RKB

Still here and holding, patience will be rewarded.

I see the usual suspects are still around and most can see through them.

Why do the non holders not post on LLOY or AVI. ? The ones posting constant negative comments are like LtdAxis and in it for their 10% Trade.

For the Record: On the day of the General Election Result I put £10K in 10 FTSE 100 Companies and £10K in 10 FTSE 250

HSBA

LLOY

RKT

NWG

LGEN

AV.

SDR

PHNX

MNG

BBOX

BLND

INVP

INCH

IGG

OSB

TCAP

AGR

PHP

9 of the above have or are declaring dividends in August.

RKB

PS Where did I move the money from AIM to Dividend Payers? It was profits and I still hold QBT

Asset overview of M3 Helium

Six wells in South-Western Kansas.

One well in production and tied into nearby gathering and processing infrastructure.

Two further wells in the process of being tied into the same infrastructure.

Two further wells in the Hugoton North Play fracked and undergoing assessment.

Sixth well in Fort Dodge tested at 5.1 per cent. helium content as announced on 15 July 2024.

Hugoton North Play: M3 Helium has an interest in five wells in its Hugoton North Play project.

Carter 1 and Carter 2 wells: M3 Helium owns a 100 per cent. interest in both wells although the Carter 1 well was funded by a third-party in return for the opportunity to acquire helium produced from that well at a price of US$280/Mcf.

The Carter 2 well completed a fracking operation last week (See today’s RNS for more information)

Smith and Nilson wells: M3 Helium owns a 100 per cent. interest in both wells. Both wells have been completed and have produced economic flow rates. M3 Helium has now commenced the process of tying them into the Scout pipeline network following which commercial production is expected to begin. (See today’s RNS for more information)

Peyton well: M3 Helium owns a 20 per cent. interest in the Peyton well. One of M3 Helium's first wells, the Peyton well is in production and currently producing a return, net of all operating and administrative costs, of around $2,000 per month to the owners of the Peyton well.

Fort Dodge: Although a smaller prospect than the Hugoton North play project, Fort Dodge has test results showing high helium content and good well pressure.

Rost Well: The Rost well was tested earlier in July 2024 by Shamrock Gas Analysis, Inc. as containing 5.1 per cent. helium composition, announced on 15 July 2024. Thurmond-McGlothlin, LLC, an independent professional firm, also tested the pressure at 302.7 psi. Samples of gas were previously taken and measured at 47,100 cubic feet per day (47.1 Mcfd).

Our Six Wells are:

Carter 1 Well M3 Helium owns a 100 per cent

Carter 2 Well M3 Helium owns a 100 per cent

Smith Well M3 Helium owns a 100 per cent

Nilson Well M3 Helium owns a 100 per cent

Peyton Well M3 Helium owns a 20 per cent

Rost Well M3 Helium owns a 100 per cent

“A combination of these factors makes the Rost well and its Fort Dodge operation, in which M3 Helium owns a 100 per cent. interest, arguably its most exciting near-term prospect.”

RKB

PS DYOR

Good evening Panman & TrekMadone

I believe both your top-ups will have been fortuitous when we hear later this month as to how our next well in Kansas is progressing.

Our CEO could be on site for the actual spudding.

Our shares are at present illiquid but that will change when the Market realises what M3Helium have discovered.

Paul Mendell will join Voyager Life after the RTO and I believe we will change our name to M3Helium.

Paul Mendell is the key to the success of M3Helium as he has studied 100’s of old well logs and don’t be surprised if we will have multiple producing wells this time next year (long before HE1 & Helix are producing)

RKB

Today’s GM

“Voyager is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.”

I attended today’s GM along with one other shareholder. Both Resolutions were passed unanimously.

It was good to catch-up with all three Directors, and we had a long chat about our current CBD business and our proposed merger with M3 Helium.

I am limited as to what I can Post and all I will say is that I believe we will have an exiting future in the exploration of Helium.

RKB

PS ComTruise, I am disappointed that you were not at today’s GM. I know you say you are not a shareholder but 55% of your Posting History is on Voyager Life so I must conclude that you are a shareholder.

We had prepared a party for you in anticipation that you would have been at today’s GM. We had party balloons (filled with our own Helium) flown in from our most recent well at Fort Dodge in Kansas. There was CBD oil to assist you with your late-night postings and our new CBD Vapes to give you something to puff-on as you write your diatribe. We thought about having some party-food just for you, but we didn’t have a clue as to what you liked and no doubt whatever we would have offered you, you would have found something to moan about (like your retorts to Posts) Hoppefully one day you will reach puberty and grow up and move on.

StockBox Media Interview 15th July

After today’s RNS about the elevated levels of Helium at Fort Dodge, Nick gave an interview to StockBox Media.

Fort Dodge is different to our site at Hugoton in Kansas where M3 Helium, have just drilled our 6th well.

In the interview with Mark at StockBox Media, Nick expands on the Helium content that M3 Helium is seeing is about 4.6 to 5.1 and to put that into context, 0.3 is generally considered economic.

M3 Helium expects this well at Fort Dodge to producing by the end of the third quarter of this year and interestingly there is a high level of pressure which Nick believes is very exciting.

On Thursday 18th July 2024, we have our GM to approve the purchase of M3 Helium and I look forward to the direction that Voyager Life is about to take.

RKB

https://www.youtube.com/watch?v=Wba7GOMUzIg&t=319s

Interesting Trade

Today we had one Trade of 100,000 shares at 5p. The spread on AQUIS remained the same at 2.5p - 4p and it said the “change” was 0%

We were first informed of our pivot to Helium on the 27th of June 2024 and in the past two weeks we have had 5 Trades in total.

27/06/24 7,238 @ 2.68p £194

27/06/24 12,000 @ 3.75p £450

05/07/24 32,264 @ 2.5p £806

05/07/24 30,000 @ 3.95 £1,185

09/07/24 100,000 @ 5p £5,000

The recent fund raise was at 3p and the shares that will be issued to acquire M3 Helium will also be issued at 3p (assuming that Nick completes the due diligence, and the deal proceeds to completion)

Will we continue to see an increase in our share-price during July?

RKB

PS DYOR

Good Evening Busenburner

I must choose my words carefully as our resident failed actor troll will try to find any negative angle to continue to stick the knife in.

All that I can say about the placing is that I know one person that participated.

As the placing is at 3p and our spread is at a ridiculous 60% (2.5p – 4p) I think it would be impossible to “get sold off” so logically the shares are in sticky hands (in my opinion)

As we are giving out warrants at 6p with a life of 2 years then you would think (hope) that our share price will go up by more than 200%

There is a possibility that we move from AQUIS Exchange after the Acquisition of M3 Helium.

Some additional information: Bixteth & Cairn warrants expired on 30th June 2024.

Nick has said that we will divest our CBD business after we acquire M3 Helium and do not be surprised if Nick & Eric surprise the Market with the price that they achieve (I have seen their manufacturing operation)

Paul Mendell was originally a shareholder in Voyager with 528,444 shares but you will need to DYOR to establish if he holds these shares (maybe not in his name!)

Paul Mendell has some Patents (again you will need to DYOR)

Paul Mendell and Nick & Eric have an excellent relationship.

Paul Mendell was the inventor of DTU (do you recall that from HNR days?)

There is logic for going into business with Paul Mendell and I am looking forward to the next two years.

RKB

PS I must post late in the evening as the failed actor is not permitted to stay up late as he has classes to attend in the morning (so there is a chance he will not read my Post and retort)

PPS Thank you Troajan, excellent overview from Sharepickers.Com

StockBox Media Interview

Nick explains why they are divesting our CBD Business and pivoting to a Helium Producer.

https://www.youtube.com/watch?v=BOx82UjJTy4

Nick Tulloch, Chief Executive Officer and Founder of Voyager, said: "Investors might understandably be surprised by our decision to restructure our business as a helium producer but, although the change may seem sudden, it is the product of a considered plan. Eric Boyle and I have known Paul Mendell, founder of M3 Helium, for many years. We worked together at Highlands Natural Resources and Paul was one of Voyager's first directors. Prior to founding Voyager, we looked at a different helium opportunity in Kansas together - it was not suitable for a number of reasons; Eric and I went on to lead Voyager and Paul continued to develop other opportunities.

"In the past two years, it is apparent that investors have developed a degree of caution around cannabis and CBD companies. The sector has been beset by disappointments and share prices, including our own, have underperformed. Conversely, helium opportunities have become highly popular as evidenced by the success of recent fundraisings, again including our own. We may reflect that it is ironic that we are switching horses just as our CBD business reaches new levels of success but we have a responsibility to our shareholders to act in their best interests. A health & wellness manufacturer and e-commerce business like Voyager may be better suited as a private company or being part of a larger entity whereas our public company can support a fast-growing natural resources opportunity.

"M3 Helium offers several significant benefits. With proven geology in one of the USA's most recognised resources postcodes, the company is already producing helium and, even more importantly, has access to infrastructure to transport, process and bring it to market. M3 has established its production credentials and we know the likely cost of new wells. We can apply funding raised to develop and extend M3's asset base with the clear goal of accelerating and increasing helium production.

"The option structure announced today gives the two companies the ability to work together on further investments in Kansas whilst we complete the admission document and conclude the acquisition. As the coming months unfold, I can assure shareholders that, following on from this successful fundraising, they can look forward to further newsflow as we continue our production roll out in Kansas."

RKB

PS One benefit from today’s announcement is that the failed “actor” ComTruise will have to find fault with HELIUM to continue his vendetta.

7% Doubles in 10 Years

Our Legal Claim of €6.1 million “plus interest and adjustments for inflation to accrue from different dates until the date of satisfaction of the Judgment) plus €85,499 in legal expenses for the trial court action and €48,677 in legal expenses for the appeal.”

In the UK the redress interest rate is 8% which is set by the FCA. If it was 7% then the original award would double in 10 years.

In Italy they do not have a fixed redress rate buy it tends to be the default interest rate which is set-by The Ministry of Economy and Finance.

As FG has also said that we are to receive adjustments for inflation there is a formula to calculate this.

Adjusted amount = €6.1 million times CPI at time of payment divided by CPI at time debt incurred.

Unfortunately, Interest Rates in Italy were running at 0.2% for many years. The CPI 2016 was 99.9 and in April 2024 CPI was 122.4

Interest due €97,600 and the adjusted principle debt is €7,464,865 making a total of €7,562,465 which we will also receive €85,499 legal expenses & €48,677 legal expenses appeal giving a total of about €7,696,641 or about

€7.7 million in total.

RKB

PS I have been in contact with FG today and I still have QBT as a “Strong Buy”

Loss of Share Options

On the 4th of June 2024 both Trevor & Antonio were voted off the Board of Directors with 80% of shareholders wanting both despatched.

In September 2023, Callum, Trevor & Antonio were all granted options over 7.2 million shares each at 8p 16p 32p & 40p with a vesting period of 1 year to 4 years.

Due to Trevor & Antonio’s shenanigans, they forfeited their options on the day they ceased to be Directors.

I am no longer up-to-speed with my accounting qualifications (gave up my accreditation about 9 or 10 years ago) so I am not sure how these options will be treated on the Balance Sheet. It is possible we record a paper loss from late last year (when they were granted) and then we either amend the accounts to reflect that the options were “voluntarily rescinded”

We now have two new Directors, Harry Chathli (Non-Executive Chairman) and Graham Duncan (Finance Director) both of whom will assist Callum in our future growth.

RKB