Member Info for tomhuk2000

No ramp needed. Just stating facts.

(If you come across a statement in the posts that isn’t factual - apart from the conclusion opinion piece, please inform us)

With #MSMN set to announce their Q4 5 drill #Helium campaign in Colorado 🇺🇸 let’s take a closer look at the Las Animas Helium Project:

With some sterling research done by @StallardMichael we can see from this detailed map that the logical 1st drill site should be ‘Treasure Hill’ which is 9 miles away from the Model Dome Helium Discovery that has flowed 8% Helium

However, there are 5 drill sites in total & as we can see they are all very well placed:

Treasure Hill: In the Centre of the ‘Proven Helium Fairway’ & 9 miles away from Model Dome 8% Helium Discovery & under 20 miles from Blue Star Helium’s Voyager Discovery showing grades of 3%, 4.1% & 8.8%

The Bard: On the Eastern edge of the Proven Fairway & 15 miles from the Cynthia True 8.8% Discovery. Also 10 miles from the Red Rock 6.6% Helium well & Blue Star’s Galactica/Pegasus Helium acreage with which they are now JV’d with #HE1

Garcia: Edging the southern range of the Proven Fairway & 9 miles from the Catherine Mock 2.2% Helium Discovery

Billy Goat & Mauna Loa: Both located just outside of the Proven Fairway

Overview of the Campaign:

- MSMN hold a 20% stake in the Las Animas Helium Project

- An estimated 7-11% proven Helium resource

- Project fully funded via Stanley asset sale & oil revenues

- Shallow, low-cost drills of under 2400ft

- 1st class heritage infrastructure in place

- Arizona Helium market & key off-take partners nearby

- 5 prospects, each to be drilled in Q4 ‘24

- All 5 drills to cost only $259,000

- Drill costs 1/10th that of US peers

- Economical due to shallow, conventional drilling utilising water wells

- Rapid development/commercialisation target for 2025

Infrastructure:

- Nearby infrastructure & downstream Helium purification

- BLM pipeline, Ladder Creek gas gathering system & Cliffside Helium storage close by

- Within 150 miles to purification facilities

- Conveniently located for key Arizona consumers

Four Corners Helium Zone & The Arizona Market:

This area is now widely seen as the epicentre of the new Helium boom with infrastructure in place, government support & consumer partners setting up shop to benefit from Las Animas, Kansas & Montana helium

Commercial Helium Consumers Nearby:

- Taiwan Semi-Conductor Co (The world's largest Semi-conductor foundry feeding Nvidia, Arizona)

- NASA, Air Liquide, Lockheed Martin, US Defense Dept, Google, Amazon, General Electric et al

https://x.com/redditdeluxe/status/1847943735851602114?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

Nearby Producers:

- Blue Star Helium is already producing in Las Animas & has 643 MMCF Contingent helium resources (Voyager) & 13.4 BCF Prospective resources (other)

- Rail/Road/Air Logistics

- Modular in-field processing facility route available

- Recently JV'd with #HE1 on the Pegasus/Galactica project 10 miles from MSMN's 'The Bard' Drill Site

The MSMN Team:

Howard McLaughlin:

Heading USA #Helium operations, Howard is an experienced US-based geologist with Helium expertise. Former Global Head of Exploration at #BHP Billiton with recent experience in US exploration & production operations

Tim Rynott:

The recent high-level appointment of Tim Rynott, the Founder, CEO & Exploration Geologist who heads up Four Corners Helium, based in Colorado, is a key string to MSMN’s US Helium Bow

Conclusion:

It would appear that MSMN is in the right place at the right time in securing a stake in arguably one of the best #helium jurisdictions in the world & they have done this in a remarkably astute & affordable manner.

The shallow low-cost nature of the drills & simple route to market through quality heritage infrastructure & world renowned offtake partners makes this project extremely appealing indeed.

https://x.com/redditdeluxe/status/1847943735851602114?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

New research #MSMN USA 🇺🇸 Reseach thread coming this weekend.

Some great research being put together by @StallardMichael in the TG group.

https://x.com/redditdeluxe/status/1847278581858140216?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

Public Service Announcement:

The news flow is stacking up in the near-term for #MSMN:

- Update on permit for EP145 #Helium asset in Australia 🇦🇺

- New JV Partner for EP145

- Update on permit for EP155 #Helium asset in Australia🇦🇺

- Announcement of 2 new Helium Acquisitions in USA🇺🇸

- Potential Cinnabar lift & boost in oil production… or Sale/JV

https://x.com/RedditDeluxe/status/1847248089339293786

Very happy with that pre news 🗞️

The SP doing what it did earlier in the year. 5-10% rise per day and on to multi bag 💼

However, this time we have more positive news lined up, no warrant lag & no placing worries to contend with either

Looking very good at #MSMN

https://x.com/redditdeluxe/status/1846953070523015370?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

Inadvertently the #HE1 Colorado Update should be very positive news for #MSMN as they are drilling very close by to Blue Star’s Galactica/Pegasus projects (very close by indeed)

HE1 & Blue Star are targeting relatively low risk shallow wells in Las Animas where MSMN’s Vecta Helium Project is located.

https://www.voxmarkets.co.uk/rns/announcement/55f31d0d-2e18-4746-8d0a-070f162905d1 #voxmarkets undefined

https://x.com/redditdeluxe/status/1846811449999421871?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

The news flow is stacking up in the near-term for #MSMN:

- Update on permit for EP145 #Helium asset in Australia 🇦🇺

- New JV Partner for EP145

- Update on permit for EP155 #Helium asset in Australia 🇦🇺

- Drill programme schedule for the 5X fully funded drills in Las Animas 🇺🇸

- Announcement of 2 new Helium Acquisitions in 🇺🇸

- Potential Cinnabar lift & boost in oil production… or Sale/JV

https://x.com/redditdeluxe/status/1846448350754734312?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

RNS: EP145 Update - Acquisition of 100% interest & Operatorship

An unexpected RNS from #MSMN, but certainly a welcome one in my opinion.

- Based on the strength of #Helium & Natural #Gas market/prices in Australia's Northern Territory, MSMN decided that the value of the EP145 license had increased to the point where they chose to close down the previously agreed JV with Greenvale Energy. (Of which they had a 25% free carry)

- The decision was also influenced by the fact that Greenvale are in a less desirable financial position than at the time of signing

- MSMN, however, are in a much better situation as they are recently cashed up post placing, with the sale of Stanley & with a good amount of warrant conversion funds banked. They now have the funds available to progress the seismic study, thus adding further value to the project

- The newly elected pro-business, pro-gas NT government is also a positive factor in the decision

- Both the strong position as a well-funded 100% owner/operator & the added value from the seismic study will put MSMN into a much more desirable position when negotiating a new JV for EP145 with better terms

- MSMN have a deep understanding of the EP145 asset & plans to initiate a more risk-savvy combined gas production model targeting Natural Gas, Helium & #Hydrogen

- EP145 benefits from nearby heritage infrastructure, such as the Mereenie Gas Plant, Road/Rail/Air Logistics & is within a short distance from the Gas pipeline to the Darwin Helium Plant

- Interestingly when talking about the US Vecta drills planned for this quarter & further USA Helium acquisitions, CEO Andy Carroll mentioned Utah for the first time. A slip of the tongue or a hint at a partnership with a certain ASX-listed operator in that area?

Conclusion:

A surprise turn of events for MSMN, but at first glance an astute move that may well result in a better JV deal that will allow them to keep more of the asset & potentially progress to production much faster.

As for potential new JV partners? I have one in mind and I wrote a research thread on them last weekend... Central Petroleum.

https://x.com/RedditDeluxe/status/1846216866521309336

Mosman Oil & Gas - EP-145 Update #MSMN

Looks like AC is working to take back control of the licenses. With the permit pending and near sign off it’s great timing.

The big question is will AC do the same for the #GEX JV’d EP155?

One of the biggest criticisms of #MSMN was they had poor JV terms… Not any more.

With both JV’s until certain criteria is met, #MSMN can withdraw from the agreement.

I think there will be a new set of JV’s drawn up on better terms with companies able to move faster… Central Petroleum maybe or other suitors. And now able to negotiate from a stronger cash and asset position.

https://www.voxmarkets.co.uk/rns/announcement/8245cc23-9859-4e8f-a23c-b9237b2ef697 #voxmarkets undefined

An interesting interview with GEX CEO Anthony Hamilton that potentially has big implications for #MSMN who currently hold 100% of the Mount Winter License (But have JV'd a 25% free carry through permit & seismic or 10% free carry through drilling also)

- After 16 years under review, a permit decision on the EP155 Mount Winter Application looks about to be announced

- The meeting took place on 11th September 2024 & a decision is expected 28 to 35 days from this date... So any day now

- GEX are so confident in a positive outcome they have started, at significant cost, to reprocess the Seismic Study for EP155

All in all a very positive interview for #MSMN & GEX holders alike

https://x.com/redditdeluxe/status/1845848037865975818?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

Cheers Reserved 👍🏻

Accompanying maps and slides at the following Twitter link: https://x.com/redditdeluxe/status/1845413007188164839?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

Having done a deep dive into prospective #Helium Acquisition/JV targets for the newly cashed-up #MSMN, one close-to-home opportunity stands out as a favourite: 1/6

Central Petroleum (#CTP listed on ASX)

- CTP are a Oil & Gas producer, with Helium & #Hydrogen exploration assets in the Amadeus Basin, Australia🇦🇺 (EP115 surrounds the #MSMN & GEX EP155 Mt Winter License)

- Licenses with Helium/Nitrogen potential: EP82, EP105, EP112, EP125 & EP155

- Farmout discussions underway for EP112 & EP125

- A Seismic Survey has generated multiple drill targets at EP115

- Helium from 4% to 9% detected

- Drilling planned for Q4 2024 & Q1 2025

- CTP also has several other license applications pending in the Amadeus Basin including: EP133, EP137, EP147, EP149 & EP152

Here we can see from the map below #CTP has significant coverage of the Amadeus Basin, both with granted licenses (marked with red boxes) & open license applications (Green boxes)

EP115 surrounds the MSMN permit JV'd with GEX at EP155, so it would make sense for MSMN to be very interested in the multiple drill targets identified by the recent seismic studies, either as a JV or a data sharing agreement

EP115, EP112, EP125 & EP137 are all in close proximity to MSMN's other Helium License EP145 with which they are JV'd with Greenvale #GRV. Again, a JV or data sharing arrangement could be very beneficial to both parties

It's worth noting that CTP have recently paid off a large chunk of debt & need cash for further exploration, hence stating that Farmout discussions are underway for EP112 & EP125

Could this be with MSMN?

CTP Amadeus Basin #Helium & #Hydrogen Resource Estimates:

EP125:

- Jacko Bore flow test indicated world-class Helium potential (9% Helium & 12% Hydrogen)

- 39bcf Helium, 31bcf Hydrogen & 65bcf Natural Gas

- Jacko Bore 1 drilled vertically to 2,295 mTVD

with flow of 530 mscf/d from fractured basement

- Farmout discussions underway, targeting spud late 2024/2025

EP112:

- Dukas ST1 suspended at 3,704 mmd due to overpressure in Gillen Salt

- Dukas 2 well to target thinner salt overburden

- Large, specialised rig, 15,000 psi rating

- Farmout discussions underway, potential follow up to Jacko Bore 2

- Mean* recoverable gross volume estimates:

• 1,225bcf Natural Gas

• 253bcf Hydrogen

• 199bcf Helium

EP115:

- Significant untapped potential exists for proven & unproven plays for hydrocarbons, #Helium & #Hydrogen

- High-quality Salt Seals observed

- Multiple drill targets identified (See Slide)

Conclusion:

Having stated that the recently raised funds were, primarily, to "Pursue & progress identified #Helium projects, with a view to expanding the Company's helium portfolio", one might speculate that CEO Andy Carroll sees #CTP as an obvious choice as a JV/Acquisition for it's nearterm drilling plans & potential Helium production aspirations. Also, as a back up, a partnership such as this would give MSMN options if one of it's JV's failed to come to fruition.

Situated in and around MSMN's current licenses at EP155 & EP145, it's an area and geological makeup that MSMN know extensively. More importantly it benefits from nearby heritage infrastructure, such as the gas pipeline to the Darwin Helium Plant, Rail/Road/Air access and the Mereenie Helium extraction plant. Also MSMN have a MOU in place with Fullcyro & Beltway.

In my opinion, MSMN and CTP are a perfect match with mutual interests/synergies. At the very least the data generated from the surrounding licenses will be hugely beneficial to both parties. However, the right kind of joint venture partnership with CTP could generate significant value with multiple drill targets across the license areas seeing nearterm drilling action and a rapid route to market if commercial.

Link to TG group in post

https://x.com/redditdeluxe/status/1845082445823021427?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

LSE has blurred it out. I’ll post it on Twitter and send a link to that post and you can pick it up there

yes, here it is:

*************+eoda_wbnhp9mnti8

Just posted in the TG group why I increased my holding in #MSMN this week

What gave me the green light was that currently MSMN have 7 fully funded helium drills lined up in the coming 6 months (5 Vecta Q4 & the 2 Australian 🇦🇺 ones with #GEX & #GRV) all in the world’s 2 best jurisdictions for #Helium drilling & with infrastructure nearby.

Add to that a minimum of 2 more funded drills from the new acquisitions TBA (the Vecta acquisition gave us 5 so this might be a conservative estimate)

So, from those 9 attempts at hitting commercial grade helium if one of those does strike it lucky then this should be a £85m+ mcap company (10x current SP) that’s not unachievable when you look at #HE1’s price trajectory (at one point nearly double that figure) despite not having domestic infrastructure in place.

Most other helium plays have a one or a two bites at the Helium cherry 🍒, MSMN have many and that’s why I’m invested to 2.98%

https://x.com/redditdeluxe/status/1845062915788841459?s=46&t=IHEn1TE0c7FNFBktt6H8XQ

I’m a Greenvale investor and there are extensive Director Loans at our disposal.

For clarification see the June Proactive Investor presentation for MSMN where MSMN CEO Andy Carroll confirms this in the Q&A section at the end.