Member Info for RKBeekeeper

continued:

bearman, dimitt and ******* reham wells:

“m3 helium owns an 85 per cent. interest in the bearman, dimitt and ****reham wells which are located on the western side of the hugoton gas field in stanton county, kansas. the bearman and dimitt wells are currently producing around 25 mcf/day in aggregate with a helium composition of approximately 0.6 per cent. the ****reham well is not currently in production but could be repurposed as a disposal well.”

“the wells are connected to scout energy’s jayhawk gas processing plant via a pipeline operated on vacuum by energy transfer lp, one of the largest and most diversified midstream energy companies in north america.”

“m3 helium’s management have identified certain steps to improve the wells:”

“at present, only the value of methane and natural gas liquids are paid to the producer. if m3 helium is able to obtain a price for the helium produced then, noting the higher value of helium relative to the other components, this could be transformational for the economics of the two wells.”

“converting the ******* reham well to a water disposal well would make it economical to increase the frequency of pumping at the bearman and dimitt wells leading to an increase in gas production.”

“acidising the wells is also expected to increase production of gas.”

rkb

Continued:

Peyton well

“Also to the south of Garden City, but west of Smith and Nilson, is 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. M3 Helium owns a 20% interest in the Peyton well. Unusually, the well produces without the need for a pump. The Peyton well is only producing from a single formation, and three additional upper formations remain behind pipe and may be completed at any time.”

“The Peyton well is in the heart of the Hugoton gas field where wells have historically been reliable producers, with limited water content, but the area has seen more active production in the past and consequently M3 Helium’s management does not consider that potential reserves are as great as may be the case in the transition zone described above. However, the consistent production and expected well life makes this region an attractive area in which to operate. While the interior of the field may have less production potential than the transition zone, M3 Helium proposes to test a new approach to fracking that may improve the ultimate recovery of helium. This new approach is proprietary to Mendell Helium based on a deep understanding of prior frack designs inside the field, across several decades”

“The reason why the Peyton well was only completed in a single zone, which is contrary to traditional practices by completing all zones at the same time, was to test a theory that elevated pressures may exist in this tested zone. Modern wells typically experience initial pressures of 40 psi or less, the Peyton well exhibited 86 psi initially which supports the thesis that additional gas resources may exist in the field over and above what is currently believed by the industry.”

RKB

My Thoughts: Helium Wells in Hugoton

From our website “M3 Helium has an interest in five producing wells in its Hugoton North Play project. These wells are situated around Garden City in south-western Kansas and are all within or near the region's gathering network connected to the Jayhawk gas processing plant near the town of Ullyses and which is owned and operated by Scout Energy Partners (“Scout”). Jayhawk produces methane, helium, nitrogen and natural gas liquids and is responsible for processing around 4% of the world's helium.”

Smith and Nilson wells

“To the south of Garden City in Haskell County near the town of Sublette are M3 Helium’s Smith and Nilson wells. M3 Helium owns a 100% interest in the Smith well, and approximately 77% of the Nilson well. Both wells now have commenced production and are selling helium and NGLs. Both were designed to test the concept that significant remaining reserves may exist in this part of the field.”

“Smith and Nilson are to the east of the core part of the Hugoton gas field in what is known as the transition zone – or a transition from mostly only gas to a region of mostly saltwater. M3 Helium believes that the transition zone is a region where both gas and saltwater co-exist and that this area could provide considerable upside to the company by accessing formations previously overlooked by other mainstream operators, including Exxon, Amoco and Mobil. The Smith well is an example of a highly porous reservoir and the Nilson was selected as an example of a less porous reservoir. So far the less porous reservoir at Nilson is showing greater potential than the more porous, Smith well.”

“It is normal that gas wells exhibit a decline in production from initial volumes. The decline profile generally says a lot of the longevity of the production and ultimate reserves of the well. While most wells decline in production almost immediately, the Nilson well increased its gas volumes over the initial months of operation.”

RKB

My Thoughts: Convertible Loan Notes

Normally I avoid Companies with Convertible Loan Notes but the way Nick has structured these Loan Notes is different from the “death spiral loan notes we often see)

See RNS 9th December 2025

£300,000 of loan notes were issued which can be converted @ £0.03p “if converted before the Company is admitted to trading on AIM, entitles the holders to new Ordinary Shares at a price of 3 pence per share” or

“if converted after the Company is admitted to trading on AIM, entitles the holders to new Ordinary Shares at a price of 4.5 pence per share”

Ignoring that a small amount of Loan notes have been converted: If Converted before AIM listing then they would receive 10 million shares, if after listing they would receive 6,666,666 shares. I believe all loan notes will be converted before we move from AQUIS.

Loan Notes Converted:

RNS 30th December 2025 £10,000 converted @ £0.03p

RNS 20th January 2026 £10,000 converted @ £0.03p

RKB

My Thoughts: Warrants / Options

There are a number of Warrants and Options that will be exercised by the 19th of July 2026.

You will recall Nick purchased 8.7 million Warrants from an investor(s) @ £0.01p for £86,831. I have an idea from whom they were purchased but that is irrelevant because what is pertinent is that Nick paid £86,831 and now must have our share price move North if he is not to incur a capital loss.

On the Batch of Warrants that Nick will (and he will) exercise by the 19th of July 2026 he must pay the Company £79,117 as they are exercisable @ £0.06p.

From the Annual Report 2025 Page: 41 both Nick & Eric have Warrants each of 416,666 @ £0.06p and the last day they can be exercised is 19th of July 2026

This will cost Eric £25,000 and Nick £25,000 making Nick’s total now £104,117 (£25,000 + £79,117) all by 19th of July 2026.

On the day 18th July 2024 that Nick & Eric received their £0.06p Warrants in total there were 14,407,803 Warrants issued with an exercise date of 19th of July 2026, so there would be 13,574,471 Warrants (14,407,803 – 416,666, - 416,666) which would be £814,468 @ £0.06p

With Nick & Erics £104,117 + £25,000 + £814,468 that is £943,585 that would be generated if all these Warrants were exercised by 19th of July 2026.

There were 500,000 Broker Warrants is on 10th October 2024 exercisable within 2 years at £0.03p which would generate an addition £15,000.

Assuming that our Share Price is North of £0.06p then we will receive from Warrants about £960,000.

There will be additional funds generated from the Loan notes see later Post.

RKB

My Thoughts: AQUIS

It is unfortunate that MDH is currently listed on AQUIS.

Often the spread can be 33.3% or even 50% and, in my opinion, I believe this discourages potential investors. Currently our spread is lower than normal at 20%.

When MM have such a large spread the algorithm often records Buys as Sells and Sells as Buys.

Later I will Post my thoughts on the RTO of M3 Helium and our move to AIM and we will in my opinion have a more orderly Market in our shares.

RKB

My Thoughts: BoD / Directors

In previous Posts I have posted about attending all AGM’s and GM’s of Voyager Life and Mendel Helium. I have met all the Directors and last year I met John Brown at the AGM on 30th October.

If you research all our BoD you will understand the relationship with Paul Mendel and why we changed our name to Mendel Helium.

You may recall on the 30th October last year at the AGM I asked John Brown why he wanted (agreed to join MDH) I will state for the record that I believe John has earned his Director’s fee many times over. See RNS’s (you will have to read a few to understand my reason for the above.

RKB

PS When Ex MP’s and Ex PM’s and Ex Met Commissioner’s leave office do they retire? If not, what do they do? What contacts have they made in their previous day jobs and who do they leverage that?

My Thoughts: M3 Helium

My final Post will be on the RTO of M3 Helium, but I think there is something that has not previously been discussed on our Bulletin Board.

Mendel Helium communicates via the LSE RNS new service regular information on M3 Helium when in my opinion they do not have to. Yes MDH, “owns an option to acquire the entire issued share capital of M3 Helium Corp.”

If you were to read all the information on the MDH website, you may conclude that we are M3 Helium but until the RTO completes then we only have debt owed by M3 Helium to MDH.

Nick does not have to RNS anything about M3 Helium (although he does) and I believe there will be much more information in the Listing Document that will leave our peer group (HEX, PLSR, HE1 etc) far behind.

RKB

My Thoughts

I try not to Post as often as in the past because there are Trolls who do not like what I Post, fortunately they have not arrived (yet) on MDH (they will)

Because of previous experience of the Trolls, I tend to begin new threads as it can prevent all my Posts being removed by Admin.

I will attempt to Post on:

M3 Helium

BoD / Directors

AQUIS

Warrants / Options

Convertible Loan Notes

Helium Wells in Hugoton

Helium Wells in Fort Dodge

Bitcoin Treasury

RTO of M3 Helium

For the record I am not an Insider and anything I Post is my own take on the information that is in the public domain and from my interactions with friends that are investors particular in MDH

RKB

Hello BlueSky72

I will post my thoughts over the weekend.

RKB

Helix Exploration B.B.

Yesterday on the Helix Exploration B.B. at 14:33 Punter1234 Posted:

“SpaceX, led by Elon Musk, is a major consumer of helium, utilizing significant quantities (roughly $12 million worth per launch) to pressurize propellant tanks for Falcon 9 rockets, with consumption rising due to increased launch frequencies.

Helium shortages and high demand for rocket fuel cooling have made it a critical, scarce resource for the company.

Helium Usage: SpaceX uses helium to cool liquid oxygen and hydrogen for rocket fuel.

High Demand: A single launch consumes a massive amount of helium, and with 52+ launches planned, SpaceX is a major industry buyer.

Supply Issues: Rising helium prices and tightening supply, largely due to decreased output from Russia, have impacted the market.

Future Resources: Elon Musk's long-term lunar colonization goals potentially involve harvesting Helium-3 from the moon, which is more abundant there than on Earth.”

Will Mendel Helium’s twin Rost wells contribute to SpacesX?

RKB

Third on Leader Board

Yesterday we were 3rd on the Leader Board with a rise of 23.64% but as e are on AQUIS and not moved yet to AIM, LSE does not recognise this increase!

RKB

Interestingly the £700,000 placing last month did not offer any Warrants.

RKB

Share Price due re-rate

Our share-price is due a re-rate because:

Nick purchased Warrants @ £0.01 for almost £87,000 last November and some of the Warrants must be exercised by July 19th 2026.

Nick must pay £0.06 for the privilege of exercising the Warrants.

There are Warrants @ £0.06 that Nick & Eric received last March that also must be exercised by July 19th 2026.

Warrants were issued June 2025 that must be exercised within 1 year at £0.04 and there is a trigger if the share price is above £0.10 for 5 days.

There is also a convertible loan note that has clauses re AIM listing.

RKB

First two trades are buys.

RKB

But what’s happening in Dodge?

RKB

Hello Trek

I also think there will be no further shares issued on listing on AIM (think it's odds on it's February)

We will have some Warrants exercised not long after AIM listing as there is a trigger price point(s) which will kick-in in my opinion as our share price will reflect the revenue banked to date.

RKB

60% 40% Split

Inthe video that Cheshire posted @ 7:53am towards the end Nick explains the one off fee of $125,000 they pay for the disposable Well (as we funded that and the Twin Well will use it) and they pay fee of 20% to use our PSA purifier so Nick says the deal is 60:40 in our favour.

RKB

PS Yes no warrants with the small discounted placing is good for us.

Good morning Trek

The split is 60:40 we received 60%

They pay an additional $125.000

RKB

My calculations before the update earlier this week indicates £0.30p but what do I know?

Our Interims next Wednesday will say no revenue became we don't "Own" M3 Helium but Paul (Mendel) is looking forward to a rewarding Christmas.

I am looking forward to visiting a couple of Gold Mines next week.

RKB

PS Always do your own research and check out company assets to satisfy your curiosity.