Member Info for Swissydog

It does say that Invictus have secured the 202 Exalo Rig so if they are all numbered then this is our rig or does the 202 apply to the rig type in general?

This was the details given by KIWI and all in his own opinion.
Ok so the situation is we have a formation test tool stuck in the hole. Cable is stuck....either key seated at a dog leg or differentially stuck against a permeable zone above the tool head.

Cable is still attached to the tool which is a positive so forward plan would be to run in over the cable with an overshot and grapple basket fishing assembly. Once the fishing string is latched onto the tool head the cable is released (via weak point). The cable is pulled back and then the fishing string and tool are pulled back to surface. A fishing specialist is not required for this operation...IVZ Drilling Supers will have done a few of these fishing jobs and wireline/drill crew will have at least a few members who have done the job as well.

Trip in will be slow as they'll be stripping over the wireline. I'd allow at least 24 to 48 hours for the operation. I'd expect an announcement in 2 days time.

To give you some idea of how often a situation like this occurs.....during my 35 year career I'd estimate around 25% of wireline test tool runs I supervised ended up having to be fished. In all cases the tool was retrieved.

He reckoned 48 hours should do it and that wire lines get caught in about 25% of well holes and it is not unusual. Once retrieved Invictus will probably want to retest and this was the reserve wire line equipment or repaired from damage during first attempt and I suppose it could get damaged again so that will affect any release dates as the rig stays until this is done.

I wonder if he could be invited across to these boards as a non share holding expert with great informative posts as he doesn't hold Invictus shares.....just I nice guy sharing his knowledge so may be worth a try.

Just interesting reading.
I was over on the Invictus board on Hot Copper trying to see when our rig may be released after BH got the down hole sampling tools stuck and I came across a very informative poster called kiwigeo8339. I think he was an ex-drilling rig operator but his knowledge of various situations that Invictus found themselves in was clearly summed up and defined with hands on experience examples. Many other posters over there have been thanking him for his knowledge which covered side tracking, reaming and also fishing for down hole tools that get stuck (Sound Familiar!)

Thanks Dai, lots of interesting reads there to keep busy. I'm locked in all over the place at the moment in different sectors and need one to come good to give me the play money. It's so frustrating trying to roll profits in a year when so many companies have seen delays fo one reason or another. I looked at Longboat the other day when they had a little bounce in SP so was that when they secured the Rig?
Come on HE1 I need you to come in soon so I can play some more!!!!!!
My big question to self at the moment is do I take some losses else where and put it into HE1 as I think it could turn those losses back into profit more quickly but then I'm not as diversified.....my choice and I will have to make it soon lol. Happy New Year Guys, Swissy (Still enjoying the learning curve).

Dai, I have just read your last post and I would love that outcome for you and any success would be your spring board as your confidence explodes and your would become a different trader. If you do and you are successful just type a new heading on the main board saying time for an ice cream on Barry Island and we will all know in code that you hit the back of the net. wishing you luck in any deals you do. Swissy.

Thanks Dai I see your point and a very good idea.
I think the problem I have is that I only buy into shares that after research I really believe in and when you go into the red it is because of this belief I continue to hold, as with HE1. However, there have been many times over the last year when I should have sold when even in the red to actually increase my holding with the money released. I know you might say well Swissy it is easy in hindsight but I knew while it was happening but I just need to react quicker and leave emotion out.
With Aim stocks over the past year it has been difficult as many Bigger Funds have had to cash in to capitalise funds for release to worried investors. This has meant that some companies are trading below their cash in bank value by some margin which is crazy. This allows for a buy in opportunity but then others require a raise at a much lower value (we are in one now) which depresses SP once again. It is made very difficult when so many false dawns of promised SP moving business strategies don't happen that can draw you in as I did never imagine from last January it could take this long to secure the rig.
If there is one thing that has become apparent to me over the past 3 years investing in AIM listings is that there is nearly always another chance to buy in at a rewarding price just as long as you are only trying to achieve modest margins and not the huge dream making 10x or 20x. I guess I need to toughen up and trust my judgement and I am getting there slowly. I personally believe HE1 will find Helium but I need to be realistic that even if they do is it there in commercial volumes that can flow to production. My romantic head says yes they can but if you could take a theoretical 50% gain before considering that risk and could you buy back in after further dilution required for production plant construction. Time will tell but some clever traders could be compounding their holdings or taking profits between then and now.
I'm all ears for friendly insights into others experiences as it would be taken for what it is, friendly conversation as we should all be doing our own research. GLA and lets hope that the Rig contract gets signed early and then it will be apparent how strong the markets are at present and how strong any SP rises can go. Cheers Swissy.

@Dai if we do get a pump in Jan as before would you dare take the challenge of bobbing in and out or will you hold tight and hope for the big one later on. Emotions fly high at that time when real traders don't dream but just do it. I have seen this happen several times during my time holding HE1 and have always sat and watched. The one opportunity that may arise in the New year is if FOMO lifts the price even before drilling contracts are finalised and before any news is released but then there is a delay due to Invictus having to hold onto the rig as with the stuck downhole testing instruments they are experiencing at the moment. Promise me you will let me know the second you do it if you dare because I will need a big nudge myself (But I will probably just sit and watch lol!). Either way I wish all LTH a massive success in Q1 2023. Swissydog.

Yes I appreciate all of that but I was relating to the share price.

Well on 30/12/21 I think we were all waiting for some news on who would be our next drilling contractor and the share price was 6.84p adjusted to after time sales. 12 months on there is not a lot of difference but didn't we have a bit of a SP rally without any apparent driving news around 20/01/22 up to 14p. Well this time we do know the drilling contractor and he has got a bigger tool ;) so maybe the price by 20/1/23 can be a bit bigger. We can only live and dream a little but the next 3 months should be fun so have a great New Year everyone and see you on the other side. Cheers Swissydog.

Thanks KeithOz for your knowledge it is much appreciated as always. Lets hope that Invictus get a quick result and then the rig can be released. Regards Swissydog

Sorry if I got ahead of myself but I sort of assumed that Baker Hughes was the down hole service provider for Invictus but I'm not sure if they are. I just thought that Exalo and Baker Hughes may be coming from Invictus site as a package but my info may not be correct. DYOR GLA.

They said that the drill string has been set up to perform fishing operations of the wire line logging tools and that they will continue to perform wireline evaluations whilst fishing operations are in progress. Perhaps some of our knowledgeable drilling experts can tell us if the rig needs to remain in situ during this operation. Invictus say that they will release updates as soon as possible.
From previous posts when we risked losing down hole evaluation tools some of our more expert holders reiterated how expensive these tools are and infect contain radioactive source materials and have to be declared as a national incident if truly lost down hole. Sorry if this info isn't truly accurate but trying to remember what the risks/ costs are involved. Also would this wireline tool not belong to Exalo or rather Baker Hughes and if lost can it be replaced quickly or would it cause delays to our schedule. I hope others can assist if they have the knowledge in clearing this concern up. Thanks Swissy

@Dai, it would also be nice to use Msar or BioMsar to fuel any power generation at out future production plants just to aid the green credentials of any future Helium production, just saying.

Thanks for the links Dai, that has thrown some fuel on my fire. Basically if the Helium is down there in quantities that we can flow commercially then this rig will do it. If people think that the FOMO excitement won't push the SP to similar levels as before then they need to watch your sexy rig videos lol. GLA and lets do this.

sorry posted on wrong board as I meant over on HE1.

Merry Christmas Dai and good to see you over at QFI as well. That is another one that I'm desperately awaiting news on as well. lets hoper patience is rewarded with a great 2023. Cheers Swissy.

Well Happy Christmas Everybody and wishing you all the best for 2023.
Well 2022 didn't end quite how we were expecting compared to the start of the year, however things haven't happened in the same order of events that we thought or were advised might happen but that isn't a bad ending either. The SP has had a right knocking due to delayed FULL FDA APPLICATION but lipidincode has been pushed first and that could start to build some revenues into 2023 and there was a mention that possible relationships with Pharma might be disclosed shortly (it was mention in the last investor meet presentation). I'm sure we will start to get some positive news flows regards these in early 2023 and that Full FDA Submission for Cardioincode will probably happen early 2023 as well. The management have been suitably careful in ironing out the fine details on this one so that we have the best possible chance of early success.
I know it is difficult holding and watching the SP falter when regular news flow is lacking but we are well funded at present have a world class board (all in MHO) and I'm hoping to add more whenever I can at these prices.
Anyway have great Christmas and a positive New Year. Swissy.

I am a long term holder and am still under water from the last drill excitement but have topped up throughout the year when funds available to try and average down my holding. Looking back just now I noticed that my last purchase was at SP 5.57p on 02/11/22 and this was when we had no confirmed rig lined up and HE1 funds were running down rapidly and we all expected a raise sometime before next spud date. Now it has happened we are all looking forward again no matter what your average is at present and so I will be enjoying Christmas and awaiting further updates. cOme on guys lets get excited 'cause we are going digging in the new year, YES !!!!!! GLA longterm and new holders and enjoy the ride.