Member Info for Skippysb01

Dreamingforgold. Exactly. All needs to be proven. Roll on the EWT and appraisal.

From what I can tell 'artificial lift' is more or less standard for gas production. How long you can do that for and how much you need to make changes to that over time depends on the resource and geology.

I'm encouraged that the Rukwa region appears to have 1000's square ks of helium rich geology. Every time it has been drilled helium was found.

Darien. A few weeks ago I did some research into Avanti Helium. They had a find similar to ours at the same stage that we are at now. Thy managed to increase flow b c.40x following the path of EWT and appraisal. Now they are close to going into production with 2 wells.

It has taken Avanti about 2 years.

Anyway.... the initial flow rate is not and isnt meant to be a final indicator of the the potential. HE1's 4.7% is far higher than Avanti. The initial flow rate for HE1 is based on just one well with no artificial lift. The resource potential is likely massive.

RJ. Spot on. They will have to do the appraisal well at Itumbula. Whether they see the funding package for EWT and appraisal as one package or go just for EWT first is to be seen but in my mind I want to see an RNS confirming they are going for both in Q3 and tell us how they fund it - and if it's a raise they tell us it's done.

They must be quite confident about what they will be telling us about the reserve estimate for Itumbula but I don't like going back to Tai3 until they have proven the resource at Itumbula.

Crusty. I agree it feels like a risk to hire the rig out but then if I think about the risk of it not being used and left idle. Drilling is the only way to really understand the condition of the rig so then it might not be a bad thing at all especially if hiring it out more than covers its upkeep.

Crusty. Nobles funding is in AUS dollars. Its more like £8m

Dreamingforgold - where did you get 14mn from?

I believe they made the terms 'hot stacked' up. Basically they mean it's ready to drill when they need it or someone else pays for it.

Castlepaul. October is in Q4? No?

Q3 is July through September inclusive.

Bill. With the greatest respect I call out a number of strategies and don't refer to 'all' AIM investors in my post. Clearly a lot of the posting on this site is quite stupid regardless of what strategy they have and not grown up. If a strategy is - I want news now and It's not fair - then I think I'm spot on.

OMG. I despair at the stupidity. They have told us the next significant action will be Q3. The SP is down because AIM investors don't like waiting. Grown up AIM investors should assume funds will be raised and manage risk accordingly.

It's a massive helium find. Either wait it out, take some or all of your money out, average down, go elsewhere - your choice. But don't expect the company to tell lies to keep the SP up.

We will get news about the size of the find and plans for Q3 soon. But likely not immediately. It's really not long since the last news and to be frank punters need to be more realistic about how long stuff takes to happen in the real world.

It just looks to me like what we were starting to see last week. Less volume and less volatility. There were occasions last week when the spread tightened up for a while.

I think you can put this down to the start of the Easter holidays.... I would be thrilled to see get a placing for the EWT out the way if that's was needs to happen mind. If there is forward selling then it aint much compared to previous rounds.

Roger. What do you see that was odd today?

Fastest filter decision I ever had to make.

I'm absolutely certain that YOU have been manipulated.

Another born today nutter.

Pukka. Whataboutery is a poor form of argument.

I invest at my risk like an adult. I can afford to lose it all. I wouldn't have it any other way.

Unless you can actually provide some evidence that the SP is being manipulated you are just like all of the other conspiracy theorists out there..... and if you believe it then you simply cannot be trusted to make informed decisions. Good luck though.

Pukka. I'm sure you have L2 and a deep understanding of how the market works and all that. It's just that what you write says you don't. So you are either or just looking for a lower entry point or you are mis informed.

If I had a penny for every time someone preached about having L2.... well I wouldn't need to invest.

If the SP goes to 1.15 I couldn't care less. The value comes later and I will be able to buy more between now and EWT if that's what I decide to do.

It isnt being manipulated. Once you realise that then the whole smog of uncertainty lifts away. The SP is like this because the market likes it like this - for now. It's strong at these levels and will move when there is a reason for it to move. EWT being Q3 is why we are not at higher levels. Market doesnt like waiting. But for some of us it's an opportunity to either invest elsewhere for a while, accumulate more shares or both.

Doesnt mean we won't get more news before the EWT but from a wider market perspective the market expects that to be the big event.