Member Info for RogerJolly

I like the sound of the income Crusty but like you I would be dead against it prior to our own needs being serviced first. It would be potential suicide!

Yes strop that was always on the cards as they said when they made the purchase.

As I stated I don't think they will hire it out before at least our EWT is completed

Sorry OSG I just posted some thoughts on rig hire before I saw this thread

6m 25s "And interested parties are getting in touch to view the rig"

https://www.youtube.com/watch?v=r8VLUWiQ_hI

So who are the interested parties?

Noble for their EWT and appraisals?

Aminex for their clean up and test of their wells?

As they have left it Hot Stacked and rigged up I am assuming it won't go anywhere until after our own EWT has been completed and likely Tai 3 or appraisal has been done.

As with here, Noble will have the same issue with long lead items. Aminex already have there LLIs on site but are awaiting the Development licence before contracting their rig and although it may help them for use as what they call a mobile test rig, I doubt it is powerful enough to to do their next appraisal /exploration drill.

I'm not aware of anyone else doing any drilling out there but it is just a thought as to whether a hiring fee might actually cover the cost of the EWT and appraisal here?

Maybe a straw clutch but hey if they have a hirer then it could be possible. Was that a hint she dropped?

Interested to hear the thoughts of the grown ups :-)

Couple more decent buys and it might tick up again. Current sell is on the midpoint

I guessed they might be :0)

WAM!

If the EWT had been announced for next week you would not be laughing quite so loudly. You got lucky, be thankful and shut up!

PS I am no ramper nor deramper but I can spot both a million miles away and I know which you are. There is nothing worse than a hypocrite and even more so a hypocrite willing to gloat over others losing money.

Good interview telling it like it is but clearly disappointed with the market reaction to yesterday's RNS. I feel for her! Some of the comments made are purely in reaction to some of the nonsense spread on here.

Sadly her friend our Miss Cope let the vulture's through the back door months ago and now we are paying the price as they will squeeze and squeeze again until the income arrives.

It really does annoy me watching these value rapists, but I can do nothing but learn from what was done previously :-(

Just seen... Are we about to see a FOMO?

Potential is there with the Development licence due anytime. It certainly would be nice to get that wrapped up for the an systems go.

On the whole I agree but despite what both sides of the argument says against each other on that, they still post here because they believe it has an influence.

We have to accept that people new to investing and boards like this are excited by the hype and many of these extreme characters are one and the same people that draw them in, then spit them out.

The short term nature of that is what is killing serious gains on the market, as I said yesterday, as long as they make a couple of % they don't care who they affect.

That is a fact Turbot, but they control sentiment right now in vast numbers, which is why I have sold a few this morning. I saw what these scammers did over the last two raises and their intent is clear. Happy for it to hold or rise but it could slip further yet. You can be damned sure they will be nibbling at it all weekend when all the old nasty faces will be out in force.

Sold some and not using dry powder just yet. The bears are ripping it to pieces sadly. Will watch the dust settle before adding.

As can be seen, a Pond full of Piranha's

Exactly that because I can't buy now

They will NOT need a new licence to do the EWT or revisiting the Tai the existing licence will cover that. The current licence agreements will be for 'X' number of exploration drills to be made within a certain time period. An appraisal drill is still an exploration drill so would count as one of those number.

When it comes to developing the field, a further licence will be required. Under PURA it would as said be the Petroleum act and there would be a PSA an exploration licence a GSA and a Dev licence. The GSA gas sales agreement is because any gas found must be sold to the government at an agreed price. (The TPDC)

The above I can confirm because I've gone through this process in Tanzania with another investment and we are currently awaiting the signing off of the Dev licence. I have had a copy the act and PSA for years and it is a massively long document and I guess very few will check, but suffice to say, somebody is putting their own interpretation on those regs or at best failing to understand their meaning.

However more than that, I understand through hearsay of an early lth investor here that this Helium exploration drilling is not coming under the petroleum act, but is regulated by the mining act. I need to confirm and would like to get a copy of such regulation but as I understand from early company presentations and information there is no obligation here to sell direct to the government which means HE1 can demand its own market price, which is a real positive.

Anyway there will be no concern about licences and if a new one has to be applied for it becomes a material concern and would have to be notified in an RNS. It hasn't been!

Pond of Piranha's is how this board has been described elsewhere today. Was away all morning thankfully. A bloody good description if you ask me 😂😂🤣. Night all.

I see up to four weeks

I planned to research cost for an ESW tomorrow tbh Perhaps Joe could tell us how many days per section would be normal? I am assuming at this point each zone would be tested separately as was with the DST?

Long lead items were mentioned for the revisit to Tai when they moved onto Itumbula and it makes sense to get one crew in to do the test and move straight on to Tai 3.

Tbh if I had the funds I'd do the EWT immediately bearing in mind what you quoted.

You back my point sux months for you but traders are generally short term. We both want profit we just have different attitudes. Btw Khaleesi was fit! 😁

PCrawl, funding will be still needed at some point, you need to grasp that. What I would love right now is an RNS telling us they have enough funds to complete the EWT. Now that would switch the whole picture around but until they do, we have to aware that in around three months they will have to do something.