Member Info for rog9

All depends on flow rates, commercial flow rates should see this at least level market cap with it's peers (he1 etc) so that would be 50mil market cap 4 x current sp. Non commercial I would suggest a fairly large drop and settle around. 0022 high flow rates would dictate a greater income and therefore a stronger sp

Yes, a flow rate of 152-163 mcfd (thousand cubic feet per day) can be considered commercial.While it is a relatively modest volume for standard natural gas (methane) production, whether a well reaches commercial viability depends on a few specific variables:Gas Type (Helium vs. Methane): If the gas contains a high percentage of helium, this flow rate is highly sought after and can be very commercial, as seen in projects like the Sagebrush-1 well. For pure natural gas, it is typically on the smaller side.

Very happy with todays update, just awaiting flow rates did a little research and this is what i found. The previous readings from the test were DST flowed gas to surface in the range 152-163 mcfd.

this is from https://www.lse.co.uk/rns/MSMN/project-review-confirms-helium-at-sagebrush-1-well-cdt52krxls29ric.html .

since they state the well has exceeded expectations then not only could it be an extra 1mil per annum in oil sales but could also have better pressure readings

The problem with this is if it's a dud and the person ramping it to sell a position (22k sell?)

Don't take anything written on these boards with anything but a large pinch of salt as human nature dictates whomever has disclosed it will be for his or her benefit not anyone else's

Well Jay is very good at looking after himself so I'm sure whatever happens to this Co. It will be in his best interests

If is a confirmed discovery then why have they not booked this as reserves? It would have far greater value to the company. Is it a case of they need to flow test before they can class it as reserves if so then they will need a good reason not to flow test in Feb. They have the money to do so it can only be a lack of confidence that it would flow

OK so not 88e whatsoever two separate entitys alebit one owned by 88e but 88e have no responsibility over the debt ie can cut and run if it came to it

Well it's easy to give a 1.5mil handout when it is someone else money. Ie ours

Averaging down is brave, look at what the bod have bought... peanuts they know exactly whats going on and they have little faith so why should you

Tintook why are they unable to flip the shares? they come to the market on the 28th. the next drill will give no rise due to the amount being sold

What a bunch of clowns getting paid and gambling with everyone's money. sold tanz for a song to focus on bio gas now wanting to sell the asset that they procured on the co. direction change. i say vote no they havent a clue but want the pay cheque

Sorry for all holders, can't see this surviving if the oil production was damaged ok the jv and credit facility would still be in play my guess is that the issues have not managed to be overcome and I see this going into admin

They will have been worked traded through the day so probably a sell

You may not have been wrong, I can't see it differing that significantly over the distance between drills. My guess is that there were no shows at those depths and therefore no report. Also look at the share price action over the same period these things tell a story

In the video after the rig broke the ceo stated they haven't drilled into any targets. The issue for me is you look at the presentation and some of the perceived targets (read across from the last drill) look pretty shallow. Not a drilling expert but at the half way point of drilling I would have expected some targets to be encountered. So is she saying this due to target failure or does anyone else have any ideas why he1 would not have reached some of the targets as yet

This is quite telling....

Vol Sold 1,811,086

Vol Bought 286,109

If you go to the London stock exchange website and look at the trades under he1 there are some rather large off book trades gone through

Any ideas what these might be

6.3p on Google finance at the moment still looks to be heading down

It could be forward selling but at what placement price 6.5? If it is they will take it down to there and hold steady until its done. If an egm is required and the vote is no we get a squeeze in the opposite direction. On the other hand I have also seen what no1plasterer has inferred many times. Time will tell

The difference between the bought and sold volume equates to £190000 more bought than sold and this is a dropping share price. this along with the 276K late reported trade on the (16/17th cant remember) indicates that there is some type of churn in the background. if there is a placing then what price would be given to the investors ? 6p... not sure but i would be surprised if it was below there if they are placing