Member Info for RogerJolly

It seems clear to me from the Schlumberger glossary reverse circulation is purely a means of clearing out the well debris, which our friend Joe should have known being a rig worker 🤔 As such, in layman's terms, it would mean following the clean up, the gasses flowed to surface.

"reverse circulation

1. n. [Drilling]

The intentional pumping of wellbore fluids down the annulus and back up through the drillpipe. This is the opposite of the normal direction of fluid circulation in a wellbore. Since the inside volume of the drillpipe is considerably less than the volume of the annulus outside of the drillpipe, reverse circulation can bring bottomhole fluids to the surface faster than normal circulation for a given flow rate. Two potential hazards of reverse circulation include lifting cuttings and other junk into the drillstring and the rapid flow of reservoir fluids to the surface in a kick situation.

Synonyms: back wash, reversing out

See: cuttings, displacement, junk

2. vb. [Well Completions]

To circulate fluid down the wellbore annulus, with returns being made up the tubing string. Reverse circulation is often used to remove debris from the wellbore since the high fluid flow rate inside the tubing string enables the recovery of large or dense debris particles that are difficult or impossible to remove with conventional circulation.

Synonyms: back wash, reversing out"

*your CEO and all the worldwide PR

JS you are clearly digging hard with a pitchfork and truth be known you are fully aware of the situation but I'll put you in the picture if not from my earlier post.

"Flowrate testing I would think would only be conducted following perforation. However with 4.7% Helium flowing to surface from open hole, is perforation even required?

We obviously want something we can measure against but we dont know the answer to either question yet.

As Lorna stated they are having to look at this unique well in a different way which is the reason she gave for the analysis that needs to take place. With the different elements discovered the options are many and they will need to monetise in the most cost efficient way, but I recall she did answer one question about the helium being retrievable using traditional O&G methods so that should not be a concern."

I suggest nothing to worry about lack of flow test at this stage as the company are certain they have a commercial find. When they do the work outlined we will no doubt learn more about what you wish but until it comes you can use your pitchfork as often as you like but the numbers wont come until they are ready. If you can't accept the word of you CEO and all the worldwide OR that has come with it then I suggest this is not the share fir you. If can, then Chill out and show a little patience. Good luck if you stay or go.

Hey guys if you want out I'll give you .5 for them. I'll hang on to mine thanks dont want RoJo getting them for .4

Definitely a buy, there some high rollers moving in every day.

This is not a £1 each way on a nag any more.

When did a buy go through at that size? Did I miss it?

I have suspected big buyers in the background for a long time. Even with a few day trading pests on here trying to accumulate, the price has been holding reasonably within a range. Many have reported difficulties buying and I have done umpteen dummy 7 figure sells and received price close to buy price.

VT the difference here being that labs are not required.

Flowrate testing I would think would only be conducted following perforation. However with 4.7% Helium flowing to surface from open hole, is perforation even required?

We obviously want something we can measure against but we dont know the answer to either question yet.

As Lorna stated they are having to look at this unique well in a different way which is the reason she gave for the analysis that needs to take place. With the different elements discovered the options are many and they will need to monetise in the most cost efficient way, but I recall she did answer one question about the helium being retrievable using traditional O&G methods so that should not be a concern

Maybe we are all crossed Roger my response was to Bluebay who seemed to indicate it was illegal to discuss it unless I misread him. Just put my penneth in from experience elsewhere

Same situation Jersey because a JV would involve a form of dilution and much depends on how much asset you give away to get the funding required. Would HeliumOne remain the operator of the licence or would they like Aminex down the road give away a larger % for a carry. I think and hope they go for financial input by an offtaker or a small JV where they retain operational control. Even a loan might be possible.

Crusty bang on, I was thinking that myself earlier. They would want those in their pocket for sure

I agree Turbot. Too early imo

The next step for a potential JV or buy out would be an announcement RNS stating that the data room has been opened to unnamed interested party/s. It will contain such statement as "while there is an/much interest, there can be no guarantees blah blah"

It is not illegal to open the data room as it would be a requirement of any party to see the facts and figures etc. It would be illegal for a JV or buyout to be conducted without shareholders having a vote on it.

Are you serious? What do you think would happen to this Nomad if it wilfully allowed market corruption and abuse of shareholders?

Do you seriously believe the nomad would allow them to dupe us?

"we can all spout numbers and regurgitate what we know daily"

We all know we need more data and we also don't need to spout and regurgitate that message, but those who want cheap shares have a nasty habit of doing so. Strangely they don't seem to like it when the other side who are interested in their value increasing fights back. Ironic really some might say hypocrisy.

"We are also chasing a new play concept! Not only is it the pure Helium play but also targeting these faults and fractures deep within the basin which makes it relatively unique globally in terms of the helium play"

"Immediate intention to take to take this forward and monetise the project as quickly as possible"

11 minute onwards reason to invest

https://youtu.be/OLtoKpXsJoU?si=ZR4f_wwkKt17_Q6R

Things We Know:

They have discovered three valuable gases... Helium, Hydrogen, Argon. Nitrogen is also in the mix commonly used in the chemical industry.

They also appear to have found a Geothermal 80° hotspot seemingly cable of powering any plant equipment used for processing and (my view) depending on the structure of that potential a power source for growth in local towns and villages.

I am aware that Hydrogen is created by microbiology reaction of depleted oil and as Oil has not yet been found in country that oil must have migrated and may still be in the vicinity.

Helium is created via natural radioactive decay of elements such as Uranium and Thorium

Further: Skittish last night spoke of what he thought were Salt Brines showing on the images around the well area and it is known that subsurface brines are the main source for the production of Lithium.

What we don't yet know:

How much of each element that has been discovered.

How many of the elements will/can be commercialised.

I suspect the company are pretty well aware of everything they have and it is fairly clear to me from their obvious excitement that they view the 4.7% Helium flow is commercial, with or without the other elements.

There is much more to this discovery than meets the eye, Maybe a once in a lifetime find. It certainly feels like a once in a lifetime opportunity to me.

I repeat the quote ""We are also chasing a new play concept! Not only is it the pure Helium play but also targeting these faults and fractures deep within the basin which makes it relatively unique globally in terms of the helium play"

It's "Unique". Good luck all

Vagabond Yes I could hold to 70p, but as I've said before I would review the situation at each stage. As said 20p would make me very happy for life but if the potential growth still remains then yes I would remain as I am now, now a LTH.

I think we will know where we are heading fairly soon and by that I don't mean tomorrow but over the coming weeks Lorna and the team will be extremely busy preparing for commercialisation in whatever form that takes. No expert on wells other than my engineering logic, but from what has been disclosed officially so far, that logic tells me her phone will be running close to melt down with the amount of interested parties hovering.

I can't predict prices, I wish I could, but I'm very optimistic and the fools on here trying to knock it are equally so; it is why they are attempting to accumulate through day trading

With plenty of help from the media and VAR he will. Jeez do we ever see to much media W****G over a team other than LiVARpool

I like to read the analysists notes but as for their forecasting of price I'm not sure.

Personally I think 20p+ is achievable here, but if the basin figures were provided correctly last night were true, then the value of Helium in the ground at $14 per cubic meter would be around $210 Billion which unbelievably would be equivalent to over $6 per share.

Personally 20p would make me extremely happy for life but 70p would be my dream target. Bring it on!

Brobrad A look at your own post record would advise you to practise what you preach. Hypocrite