Member Info for soulac

7.5 mil buy way over offer, lots more to come

Now they open the spread. 15-18. , Rns logged

Strange trade. 3 @ 17.5

Very high concentrates.

Link: https://charlesstreetsecurities.co.uk/Resources/Georgina%202.pdf

Pg8/24: " Two wells MAGEE 1 & MT KITTY 1 drilled to BASEMENT in the Northern Territory portion PRODUCED GAS TO SURFACE on test with 6.2% & 9% HELIUM with gaseous hydrocarbons & relatively high levels of nitrogen. It is considered axiomatic that the sub-salt HELIUM PROSPECTIVITY OF THE M T W I N T E R S project area is REMARKABLY HIGH."

Pg 11/24: "EPA 1 5 5 MT WINTER STRUCTURE POTENTIAL VOLUMICS: As previously noted, MT WINTER #1 REACHED A TD OF 265O m. Pg 15/24: HELIUM CONCENTRATIONS REPORTED AT MAGEE 1 & MT KITTY 1 RESPECTIVELY WERE 6.2% & 9% & THE GEOLOGY APPEARS VERY S I M I L A R AT M T W I N T E R .""Helium BCFG at P10 [864], P 50 [75] and P10 [8.6]. There is a NOTE section with some details - pls read.

Pg 18/24 also provides THE MAP OF MSMN'S EP 145 AND EP 155. This short page gives more info on the nearby MEERENIE OIL AND GAS FIELD. Pls note disclaimers as norm.

Only a few week ,

Only a few day left,

Mining, Minerals & Metals PLC

01 December 2023

Mining, Minerals & Metals Plc/Index: LSE: MMM

Mining, Minerals & Metals plc

("MMM" or the "Company")

Lodgement of Prospectus

The Company is pleased to announce that it has lodged a Prospectus for the proposed transaction with Georgina Energy plc ("proposed Transaction") to the FCA for the purposes of granting of eligibility for the readmission of the enlarged company to the Official List by the FCA and the London Stock Exchange ("Readmission").

The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) granting of eligibility for the readmission of the Company to the Official List by the FCA.

There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course once a firm timeline to Readmission.

Roy Pitchford Commented:

"We've been very busy working with the respective advisory teams to reach this crucial juncture and subject to the eligibility process we are targeting to list the enlarged company in Q1 2024. We will keep the shareholders appraised as we continue with the process

Great find, we have 4.7%

deadwood formation on a three-day extended test, with a helium concentration of 0.95%, more than three times the 0.3% level deemed commercially viable

That’s only about 600k a day , Lol

Where would that put the sp .

Https://www.gasworld.com/story/helium-one-analyses-itumbula-west-next-steps/2134582.article/

Lab test not needed, yes,

Might do it later

This interview is everywhere, tomorrow we could break out of this trading range,

Would not want to be out of this over the weekend,

I thought we would have seen holding RNS?s

Next step is to update the market on results, not waiting for lab results

Https://nextinvestors.com/articles/88e-found-oil-does-it-flow-we-will-soon-find-out/

Throughout that period Pantheon’s share price went from ~£0.14 to a high in 2022 of ~£1.50 - an almost ~ 1,000% increase.

At its peak Pantheon’s market cap was nudging ~A$2BN.

Next Investors Image

That run up to just under A$2BN market cap was also when the company was drilling its Talitha-#A well - the closest well in terms of proximity to 88E’s acreage.

So Pantheon’s 10-bagger share price came when the company had success on the ground right next to 88E. Albeit that was in a different macro environment, with investors having more appetite for risk at the time.

What we are looking forward to with the flow test

So, Hickory-1 delivered:

~137m of net pay,

An unexpected reservoir discovery (Upper SFS), and

High porosity levels up to ~16%

The key takeaways from the well were the porosity levels and the unexpected discovery of a whole new reservoir - the Upper SFS reservoir.

Across the multiple different reservoirs, 88E had average porosity levels of ~9-12%.

Porosity is important when it comes to oil & gas because it measures how much oil and or gas sits inside the rocks.

For context on how high that is - ConocoPhillips’ ~600 million barrel Willow oil field in Alaska had porosity levels averaging ~17% in its discovery wells.

(Conoco is one of the oil supermajors, capped at $202BN and is investing over US$6BN on its Willow project to get it into production.)

Together, both of 88E’s target zones hold, in aggregate, a multi-hundred million barrel oil prospective resource (mean, unrisked).

Anything above the 100 barrel per day mark would be a green light to come back, drill a horizontal well and to commercialise the project with likely 6-12x higher flow rates.

Horizontal wells can deliver higher flow rates because compared to a vertical well, a horizontal well can travel horizontally through the oil filled target reservoir, and pull oil out from multiple points of extraction.

With more points to pull oil from the reservoir, this means a much higher total flow rate to surface.

For example, a flow rate of 100 barrels of oil per day could mean 88E can increase that to 600-1,200 barrels of oil per day with a horizontal well.

17 mil buy just gone though, another good day coming,

Get ready for the bounce, .39 finish

Just day traders moving out , will bounce back soon,