Member Info for Skippysb01

Or is the post ironic?

It's certainly not a duster and he certainly can't spell.

My point being that the detail about the oil cut is not in line with the headline BOPD. Is 50 before or after the cut? It's open to interpretation and that's why we have a number of posters on this message board that have jumped on it. If they are right then it's a shockingly misleading RNS. If they are wrong it needs clarified.

They need to explain this. It's not good enough to have a headline of 50bpd and then hide in the detail that it's actually water. Surely something has been missed here. RNS's nowadays can be shockingly obtuse.

2 things that are negatively impacting the share price:

- This is a place on the journey RNS. If it's good news it doesnt provide the details on what comes next in terms of getting to a commercial position. TBH this alone could be enough to see the SP fall 20% - nothing wrong with waiting for this move up again medium to long term if that's your risk view.

- There is an ongoing discussion and one particular person posting many posts on X regarding the interpretation of the oil cut v the RNS headline of 50 bpd. Hence a view that they in fact only flowed 4 barrels. I think the company needs to explain ASAP.

Interview needed.

How do you get 4 barrels. The RNS says 50 under artificial lift. Artificial lift being completely standard in the industry how do you get 4 barrels?

Just in case anyone forgot what the whole point is!

JS15 - So there is a downside and an upside. Not sure it’s valid to suggest it’s black and white, in or out on that basis. Not sure you can possibly know of when why how from this point onwards.

I certainly didn’t expect the SP to be where it is today when I woke up last Friday. Seems to me Q3 is very promising for HE1 and it will likely be a bumpy ride before then. It’s actually not possible to get the entry and exit price right every time.

Is that just the first line of the joke? Can’t wait for the punchline.

It’s up 30% since yesterday’s open. Profit taking and timing to position for the next set of flow results. History goes out the window during a period when the results are expected. Market will start to value the company along the lines of commercial potential should the results be good. We are at step one of many steps following strong (they are) initial flow testing

There is a second flow test with perhaps an even better chance of success just 2 weeks after this one. I reckon .2 if we have bad news for the first test.

Of course we can get news at any time...... who knows.

I think you have to look at the de risked position. Yes we had a huge rise of fthe .2 low. Does this seem more or less of a risk now? I'm expecting the market cap to be way more than it currently is during EWT. I don't know if/what the dilution and therefore the sp will be to get there. But to me it is massively de risked and to me the SP has fallen because punters don't want to wait and not because the potential has changed. When the waiting is in days they will likely come back IMHO.

Who are these 'Greedy'. Surely people buying shares to try to make a profit is just investing/trading. What's greedy about it?

I got autocorrected to 'Iceland'. Don't want to start anything off about 88E drilling in Iceland.

I think that in all circumstances 'end of the week' can be assumed to be Friday.

I was also thinking why tell us about a delay on Monday this week? They could have waited it out and I appreciate that might have stretched peoples patience but why do that?

Kept some invested here since the initial Iceland drill, waiting it out to EWT and almost forgot about it. Think they really do believe they have something. Very tight ship. It's all to play for IMHO.

The lab results cannot confirm a discovery because they cannot include stuff like flow rate. An independent lab could further confirm that samples contain helium and at what concentrations. So it's not that important today.

LB said they would sent the samples to an independent lab but it wasn't an immediate priority. Didn't confirm when. Explained that the Baker Hughes testing on sight was absolutely to be trusted.

So the best we could really hope for from an independent lab would be confirming what we already know. Reserve estimate end EWT required. All good but it's going to be about Q3.

I expect the BOD of HE1 know what is required before announcing a discovery.

There is plenty of information in the recent RNS's and interviews to cover your questions. The answer is we have to wait.

Really? Some de risking. Small trades. Looks like a holding for news pattern to me.

Very tight ship this one Nobody knows anything outside the company.

Yes because it's you!

Ezhic. I think EWT will likely include artificial lift. Interested in what others think.