The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Honest_money. Not very honest and certainly not very bright.
Imagine a world where your logic applies. All those advances the human race has made over the 100s of years lost because nobody could see beyond drilling more than one well. BP - went bust because that one well just wasn't enough, Shell - but we couldn't do more than one well.....
Also. Creating 'shareholder wealth' is not being understood. LBs job is not to make the share price go up to support the ambitions of PI's on a short term basis. It is to drive shareholder value in the long term. It isnt meant to be a temporary sharade - you can trade if you want to but when you do you can't blame the company for the ups and downs when it doesnt work out for you.
LB will be focussed on the bigger ambitions of the company and that involves investing via AIM rules to create a profit making company. That is true shareholder value. To say LB isnt a good CEO isnt taking into account the recent successes which have been led by LB in order to advance towards those ambitions. Unfortunately that has included having to make some very tough decisions. You could look at the decisions made and say 'that was great', 'that one was bad' but there have been some really good ones (the decision to move from Tai to Itumbula now looks like a stellar decision) and some very tough ones (the big dilution fund raise - but the company would not exist if that didnt happen??).
We will all think she is great if they announce a commercial discovery in the summer.
So don't put all your eggs in one basket.
The extended well testing in Q3 has the potential to be a huge catalyst for the SP and I think there will be a lot of news before then. So plenty to be hopeful about but in future spread your eggs IMHO.
I think in this case an update on resource estimates will have an impact on the SP. HE1 is a special case with many eyes on it. A unique opportunity IMHO.
It is clear that one of the nice to have issues we have is that HE1 could not define the size of this using existing models. So the revised resource estimates are very important to the market.
Clearly the flow testing in Q3 is the biggest catalyst but it is not the only one. People are also underestimating the potential for a partner at an early stage to support funding in Q3/Q4. There is a very strong risk case for getting involved early here.
Was only notable for posting the absolute dullest post I have ever seen. Like a manual of de ramping carp. I nearly gnawed my legs off.
Well they haven't updated on the hydrogen yet....
That's a lot of word cheese just to tell us you want the price to fall so you can buy in.
You should be paying us to read that because it contained not one interesting or relevant piece of analysis. I nearly fell asleep.
If there is a flow you cannot create less flow through any additional flow enhancing method. So todays flow rate in the RNS is the bottom baseline.
People need to take a look at artificial lift techniques in the gas mining industry. The vast majority of successful gas wells are subject to artificial lift. It works.
I think you can multiply todays flow by x with a number of production options to boost the flow. As a natural baseline it's very good.
You haven't understood the RNS. The figures released are for a single well with no assisted flow. That's a minimum baseline without development.
Punters don't like waiting.
It was a great RNS for the patient.
Well we usually get a LB interview early afternoon after an RNS.
GL77 - you are also assuming they cannot improve the flow rate.
There is a science bit on that. The fluids release gas as they are released from pressure. This is a big factor and with one well with nothing to enhance that process the flow rate announced today is just a floor IMHO.
Nothing is out of the question. A JV could happen at any time. It's also a lot less likely before EWA than after, but not impossible. They could sign heads of terms with a JV partner before then and there could even be competition for that.
Anyone got any examples of what difference pumping or other aggressive extraction approaches make to well flow? I know there won't be one for this specific situation but might be interesting.
Clearly EWT is needed to get the data we need for next steps but to me the well looks very promising on a first hit basis. I can't imagine anyone thinks that one well would be the target. Multiple wells.
The only reason the sp has fallen is because many punters don't like to wait. It's a fantastic RNS.
Expect we will get another LB interview later today.
Fact is the SP is down this morning because folk don't like waiting. Nothing to do with the actual content beyond having to wait.
The RNS is very encouraging and JV is absolutely plausible with those numbers based on one well.
It’s just one well and the first for this target and without pumping. Would be useful to understand what difference pumping or other approaches can do to the flow rate. I think most of us expected flow,test and appraisal would be required.
It’s good. Not for the impatient. Can’t announce discovery without further work which is expected.
Air Liquide is a massive multinational with many products, partner and thousands of employees across many countries and a 100bn Euro market cap. So no, not unless HE1 wants to do a lot more than just produce helium in Africa.
However.... would a partnership or even a buy out of HE1 with a commercial helium find work for a company like Air Liquide? You could see it in the right circumstances. Find it and they will come.
... and this is why I think HE1 will emerge with a JV to pilot a production method at Itumbula. Perhaps they can collect the free gas as it exsolves from the liquid at lower pressures and also process the liquid. Who knows. Patience, patience.
Yes the hydrogen complicates the picture and it is another 'nice problem to have'. You could see the hydrogen in production before the helium. Helium is 4 times heavier than hydrogen..... it matters. It's all very exciting.