Member Info for RogerJolly

Jimmy go back to 26th July and start researching on this point from their five weeks from spud to completion is advised by the company in the various communications from there. That is this coming Thursday.

The biggest problem we have on a variety of boards is people post to further their own interests.

Somewhere between 4&6 weeks would allow some leeway and this business is not am exact science. Good luck.

Lorna like to be early which is why I've been predicting tomorrow for over a week now

Well you know what they say about the lottery.

"You have to be in it"

In other words don't let them control the narrative. We have had a good honest discussion over the last two days, let's keep topic and talk on the positive titles.

Commenting on negative questioning threads like "placing" are mugs.

Just ignore them, this bb will be flooded with those sort of crap negative bottom feeding questions today. Don't fall for it! Don't help them do their dirty work.

I'm going on what we were told. 2 tests or a gazillion. They stated they expect to complete the EWT approximately five weeks after spud which was 26th July and equates to next Thursday 29th August for completion. I think this Tuesday but a few days either way won't worry me.

Ok mate if you've checked that, I'll take your word. I must've misunderstood. Alls good 👍

Hi Ho2. Yes I did and do accept the chart was showing September, but it was the words spoken in the webinar that I recall my belief of 2 rainy seasons being mentioned. Not sure if you've checked that? I haven't had time yet tbh

Thursday is the scheduled completion five weeks from spud. As was given as an approximation at the time.

The 13th was the point at which the EWT equipment had its set up completed. Starting on the 13th would allow for two 7/8 day tests per zone before Thursday.

I still have my guess on this Tuesday but can easily accept a small delay covering next weekend with RNS into the early part of the following week. Certainly withing next 9 trading days.

Spud took place Thursday 26th July

Clumpet. My understanding is the geothermal was suggested as a cheaper source of power to run the production plant.

Half and HfH, my recollection of the interview was that the study had to cover two rainy seasons which is why I wasn't having it 😀. I think we should review it and if wrong I will gladly admit I misunderstood it. I just don't think that is the case which is why the next rainy season in November would be when I expect it to be completed. I'll come back to you when had time to revisit the wording.

Either way I'm happy, as a couple of months will make little or no difference to the production time scale from this current well, so hardly worth a punch up over it 🥊😜. Sooner chew the fat over a beer 🍺

People have varying views on a JV taking place or even a buyout. Here, I make the case for going it alone. It would be nice to see a sensible, well thought-through, discussion...

My personal choice would be field development funding by an off-taker in return for a long term contract for exclusivity to the gases produced at the discount to prevailing market price until such time as the off-takers investment is covered. Lots of caveats to be agreed, but as Dave Minchin has said, with a scarce much needed gas resource and control of an expected massive source, it could put the company in the driving seat over the global Helium price by controlling production rates. This in my opinion would be the best sort of deal we could get and would firstly give the Mcap a massive boost elevating the company to a completely different level.

It would satisfy most short termers requirements but would also provide long term benefits that could go beyond just earnings through dividends and increasing Mcap as the field is developed further.

They already have multiple gases showing here so if more is found across the field development, there could be further multiple income streams arise in a country known for its large gas finds.

A further thought and I'm not suggesting this, but first oil in Tanzania has not yet been found, so I'd like to be in a company that finds it rather than finding out later I'd given my value away too cheaply if some other finds it on the licence areas.

Anyway, that is my case and preferred approach to going it alone. All assuming the successful EWT results.

Good luck all and play nicely, this could be a big week for us all 🤞

Yes we are on the same side but if you read my post you will understand that how you are doing it is giving the derampers a bone to latch onto. I'm not being funny mate but I'm not going to waste my time answering and providing information if you are going to bury my efforts by keep repeating the title rather than keeping the conversation under the same thread title.

More than happy to provide info and share my research but not if it's being wasted. Hope you understand now.

Peaky you looked to me this afternoon for good reasons which you agreed, so I am puzzled why you have created three separate threads under the same title "Dilution"

Sorry, but if you are looking for positivity that title is only going to attract negativity and if you keep creating it just buries the good information people put together. Best to just use the reply button or there's no ongoing conversation.

As for the title. I don't see one coming again.

1. If it fails who is going to go through it again? Not me.

2. If it's a success as I expected for reasons given earlier, then imo all sorts of financing opportunities will open up including loan facilities, or off-taker finance in return for a contract to take the gases, so, any alternative dilution beyond that will likely be a positive one coming via some kind of JV

Hi Peaky provided the company comply with the T&Cs in the exploration license, they are legally entitled to a mining licence.

The fact they have spent big on finishing the well ready for production is very telling. ✅

We then look at designing process for the modular production system that can be expanded as required and the commited expense of that ✅

The other is the Environmental study already half way through is done to cover two rainy seasons, the biggest commited cost of prep for the licence ✅

When you are a company running on a very tight budget where success or failure could be the making or breaking of the company, you don't commit your last pennies without being pretty confident of some sort of commercialisation.

That is real confidence ✅

From my point of view with both Helium and then at least a 6mtr Hydrogen trap to go at, I'm confident at least one if not both will make this viable and profitable company Either of which will increase value.

If no RNS on Tuesday which would be two days early anyway, I could write the derampers headlines right now

Anyway it may have dipped at the end, not entirely a surprise but I am still an awful lot better off than I was this time last week :0)

Rest easy all, next week could be a belter

MMs Gobble Gobble Gobble

Lot's of noise from those looking for a late top up.

Some have taken profit, but they will be happy and no need to shout it down. The others on the other hand just want your shares on the cheap

What's that you say Inky? Deramping just like you did last week?

The worm turned he bought in but he didn't get his 1.12 he was screaming for a few weeks for. PMSL Good guy now but not forgotten

They are all lining up for a mad dash to the finish. Is all the effort really worth it for that tiny fraction. Just get in and settle for the weekend. It is a good price right now

Exactly

I'm Sparticus