Member Info for TrekMadone

Vid showing progress in Ukraine drone tech…. Using loitering drones. Using drones that then launch drones from drones to expand range!

Gamers running the kill zone from their sofa’s!

94% interception rate against +500 incoming drones and missiles and the rate is increasing!

All very innovative stuff and really the west should be capturing all the data!

https://youtu.be/h_wquEvTUQU?si=BYnx0GD5UcF0ex98

Trek

LEX - I think it’s due a run. The mining license must be due soon and some news on US assets which hopefully will lead to a sale.

The big one atm (as there’s more in the PF) is Jelani. 6m Oz JORC with Harmony gold - a major - of which LEX has a 49% stake.

Harmony has an adjacent mine with infrastructure. Rick rule and directors at in at 6p from memory.

Sp oversold at 3p and should move back to 4p in anticipation of news.

Harmony are applying for the license - in SA gold belt.

Usual caveats

Trek

I am hoping to add here later using end of months dividends.

SEQI run a really tight ship with a low risk investment wise. They don’t get anywhere near the credit they deserve for how well they manage their pf.

Trek

Why $100 oil is no longer spooking equity markets

Interesting 4min read

https://www.reuters.com/markets/commodities/why-100-oil-is-no-longer-spooking-equity-markets-2026-04-30/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=043026&lctg=65d3a4d7962245101d037748&user_email=b2e8c97ccc6ddb76107c5b8c6d401963987d41317d2787d216d506bcf903729b

Trek

Surely that eliminates any placing spectre! Albeit I expect sovereign finance here soon.

90p looks to have been the bottom — back up to 100’s now drilling season opens!

Usual caveats

Trek

Mdh — I got caught as well tro, was all in!

Posted there my views —- really is short term pain imo for potentially huge gains now as we can fund our side of JV deals with Rixford and Ritchie.

Here are the CPR numbers posted by Sheephatch….

“CPR estimates Fort Dodge prospective resource of:

o P90: 2.12 Bcf of helium (US$636 million at $300/Mcf helium)*

o P50: 5.34 Bcf of helium (US$1.6 billion at $300/Mcf helium)*

o P10: 9.78 Bcf of helium (US$2.9 billion at $300/Mcf helium)*

These are strong figures and warrant the raise to accelerate things very quickly.

2026 will be a cracking year for this little company.”

That’s just Ford dodge — these are real production opportunities not pipe dream drills. Two more drills proving the dewatering tech that is already embedded at Rost 1 and 10p will come!

It’s just that they never seem to respect he PI’s that got the company this far and think institutional money is better than our families hard earned!

Discount could have been much less — but at least he didn’t give em warrants as well!

Usual caveats

Trek

96% increase in divi - take out the POO which is just so unpredictable and look at the organic drivers here re ANOH & Yoho still to ramp up to full capacity! So much more to come as well as the op drills that hardly get a mention!

Huge cash pile on balance sheet - not sure why the increase in RCF surely cash could have been used rather than leverage? Perhaps a buy back soon — who knows!

But also why not hedge some of the pf now above 100 bucks.

Anyways another great set of numbers —— ‘never sell Seplat!’ —— wish I’d kept all mine for the £10 that seems to be coming rather taking the free carry option!

We are in sweet spot here geographically, with the Nigerian economic macro and POO!

Usual caveats

Trek

Been out since just after 7am and saw the RNS. Will read it through properly later but my initial reaction was pretty psd off!

They could have done this much more strategically by burning the 4p warrants first. Now I see why Nick didn’t else they would have been called at 6.5p and then been lower at the placing. Well wtf now he’s psd off a lot of us that have backed the company at a higher sp!

I get that he has taken the opportunity to finance what is likely the 45Rixford wells up front - so Rost 2 must be good and the JV partner wants to push ahead.

If the other production well with Ritchie also comes in after dewatering we will need more cash there to progress the JV

But why exclude the PI’s from the placing. I can only assume that the last one wasn’t as well received. But even then the discount seems too high and institutional money is as good as my family’s £50k!

The existing warrants could have offset this but Nick has gone for pace. The saving grace is that Nick, Paul Mendell and the M3 vendors are significantly diluted!

To consol myself I am looking at this through IPO optics — so assuming we listed at 6.5p and then after taking cash the SP falls back to 4.5p. So similar in principle to Rift except we don’t have a pipe dream. We have real hard, tangible operational progress and line of sight from existing revenues to huge revenues and potential dividends.

I also noted no warrants, and having looked at the posts here I see RKB spotted that as well.

But for me once I come down off the ceiling Sheephatch has really captured the scale of opportunity here. And like I said earlier we are drilling production wells - not exploration wells! It’s the market that is treating us like a wildcat explorer. That imo will change soon!

From Sheephatch

“CPR estimates Fort Dodge prospective resource of:

o P90: 2.12 Bcf of helium (US$636 million at $300/Mcf helium)*

o P50: 5.34 Bcf of helium (US$1.6 billion at $300/Mcf helium)*

o P10: 9.78 Bcf of helium (US$2.9 billion at $300/Mcf helium)*

These are strong figures and warrant the raise to accelerate things very quickly.

2026 will be a cracking year for this little company.”

Those numbers are huge!

I will spend few hours later getting my head round all this but for now…

I’d have done it differently, included the PI’s and fought for 5p at least — but I get why he’s done it to force the momentum with Rixford and Ritchie.

I also think Nick now has too many ‘train sets’ and he needs to pick one else move over and let Paul Mendel run the show. This is too big for a part timer - another reason perhaps why he could have got more imo.

Still I am definitely not selling and will if anything average down should it go lower than this but I do still see us getting to 10p pretty soon especially with more liquidity on AIM which should be the next move.

Usual caveats

Trek

At this moment in time it’s the ROST 2 operational progress that’s key. The paperwork will be done at some point soon.

7 wells producing and selling helium then another well on similar terms will be huge.

Wonder what the perf results are for Rost 2…. Could be on the acid frac by now.

No need to wait for a pump it’s already there. Rixford are on hand to protect their 35% and if it goes to plan they’re in for another 5 wells. Yes 5 wells! That don’t take long to drill. Already modelled and in the same fairway. And Enlow in between!

These will be production wells not exploration!

This is why we have a ‘leading helium producer’ on site. They want to install their kit … what for two wells…. Hardly worth it. They are there for the scale up of 5 wells and beyond.

New bigger capacity PSA, and you can add on membranes for more wells, commission in four months, I think more like 6 incrementally but no cost to us!

Get those 5 wells and before you know it we will have a field of nodding donkeys!!

And we redeploy our kit to new wells - two PSA’s purifying helium for market!

Just look at the challenges other companies have had to get a tube trailers- we got two or a PSA - we got two! And many are still in the exploration stage - zero revenues!

First mover advantage goes to MDH. That imo is underestimated by the market, it could prove critical for deal signing - especially with a derisked field and scalability!

Then move 4 miles north and Ritchie are about to recomplete the Schneweis well. Using our patented dewatering methodology. Again it’s not an exploration well. It’s already produced consistently over 300 Mcf/day before production was shut down due to significant water production.

Schneweis' drill stem test exceeded 10,000 Mcf/day, M3 Helium believes there is potential to increase production from historic levels turning out 1.39% helium to an adjacent pipeline owned by Ritchie- if all goes to plan we get a 50/50 well. Do you think Ritchie will stop there. Nope it will be another drain at scale on the morrow sands.

The acreage is huge - miles! Imo too big for little MDH! And that’s what our collaboration partners will be looking at.

There will be a point when even a 50m mcap for MDH makes it easier to absorb into a wider JV. But if not we just get carried along!

And while we wait we are filling up tube trailers for market and have our own wells piped direct into Jayhawk

The paperwork will be done and I am really looking forward to reading the prospectus even in a few weeks time!

Usual caveats

Trek

HANDLE…………………………………HOLDINGS

Trek…………………….........…..…………..1,050,000

RKB…………………………..........…………1,000,000

Barnsley........................................................2,000,000

Supra3,....,.....................................................1,205,224

Turnthecorner……………….....….......………971,600

Bluesky72……………………....…......……..1,000,000

T. Twiptop.........................................................330,000

bannsider.......................................................1,565,000

Bomber11..........................................................1,182,254

Canaries ............................................................700,000

Torino……………………..……..……......…..1,760,000

Mickey & Mrs …………………..…........……..1,000,000

Finton .............................................................1,190,000

Kernowboy1…………………….…....…………622,328

101012+partner+kids………..……....………….880,756

Sasha………………………………...…………6,500,000

Sasha’s friend………………………...………..6,250,000

The Foocare ………………………...…...………165,000

HGGGCG……………………....……..…………1,610,000

Winthrop.............................................................521,000

Sidster79…......…................................................200,000

Holidaze...............................................................400,000

Clickandcollect…………….......................………40,000

Sheephatch …………………......................……500,000

Botham………………......................……………900,000

BodRuncie........................................................1,000,000

MidasTouch888...................................................300,000

Thorpin…………………....................…………..450,000

Marko71…………………..............…........……….84,000

Reserved..............................................................571,729

saintpeter7..........................................................588,079

Lincoln...................................................................70,000

REDDINGTONR.....................................................358,999

DJM.......................................................................150.000

IanLaurence………………..........…………………58,000

Pensionfund101………….........………………….725,585

s_o_h……………………………………………….318,000

CoeurdulionCdl…………………………….……..350,000

Yep and great work on the consolidation synergies— I have been adding below 90 as well.

Nice tuck away esp in any troubled times. Have tipped insurer profits into here and bar CSN out of insurance and banks now.

Trek

HANDLE…………………………………HOLDINGS

Trek…………………….........…..…………..1,050,000

RKB…………………………..........…………1,000,000

Barnsley........................................................2,000,000

Supra3,....,.....................................................1,205,224

Turnthecorner……………….....….......………971,600

Bluesky72……………………....…......……..1,202,508

T. Twiptop.........................................................330,000

bannsider.......................................................1,565,000

Bomber11..........................................................911,832

Canaries ............................................................700,000

Torino……………………..……..……......…..1,760,000

Mickey & Mrs …………………..…........……..1,000,000

Finton .............................................................1,190,000

Kernowboy1…………………….…....…………622,328

101012+partner+kids………..……....………….880,756

Sasha………………………………...…………6,500,000

Sasha’s friend………………………...………..6,250,000

The Foocare ………………………...…...………165,000

HGGGCG……………………....……..…………1,610,000

Winthrop.............................................................521,000

Sidster79…......…................................................200,000

Holidaze...............................................................400,000

Clickandcollect…………….......................………40,000

Sheephatch …………………......................……500,000

Botham………………......................……………900,000

BodRuncie........................................................1,000,000

MidasTouch888...................................................300,000

Thorpin…………………....................…………..450,000

Marko71…………………..............…........……….84,000

Reserved..............................................................571,729

saintpeter7..........................................................588,079

Lincoln...................................................................70,000

REDDINGTONR.....................................................358,999

DJM.......................................................................150.000

IanLaurence………………..........…………………58,000

Pensionfund101………….........………………….725,585

s_o_h……………………………………………….318,000

CoeurdulionCdl…………………………….……..350,000

Tr1 - anyone know this guy ‘ Kevin Hayes’ — doesn’t say PDMR so I assume HNW individual.

Trek

The 4p warrant accelerator clause was likely triggered by today’s close.

Recent Closing Price History (April 2026) from AI. (I have added in the bids).

Based on data from ADVFN UK and London South East, the share price has maintained a level above 6p since mid-April:

21 April: 7.125p ……..taking lowest bid 6.5p

22 April: ~6.85p……………………6.5p

23 April: 6.85p……………………6.5p

24 April: 6.85p…………………….6.5p

27 April: 6.75p (mid-price reported between 6.25p–7.25p)…….6p

That’s 5 closure’s above the 6p trigger so highly likely meeting the VWAP terms.

We could see an RNS telling the warrant holders that they have 30days to pay for their warrants or loose them.

Those subjected to the acceleration clause will bring in £960k to the company - assuming all converted.

What we may be seeing is some holders converting and selling to fund the purchase of their other warrants that they may go on to hold with a lower average price.

Remember— this is a thin market with huge spreads and the only real liquidity out there atm is coming from the warrants.

Once these are flipped that’s an overhang out the way. We also have several major news events due in the next 30 days which will imo clear those warrants.

RNS soon — in the meantime watch the mcap not the sp and ask yourself if that’s a bargain and then sit back and watch it all unfold!

Usual caveats

Trek

From AI….

On April 27, 2026, [U.S. Energy Corp. (USEG)](https://finance.yahoo.com/sectors/energy/articles/u-energy-corp-signs-five-110000094.html) announced a major five-year helium sales agreement with an investment-grade global industrial gas leader. This deal marks a critical transition for the company as it moves from development to commercial operations at its Big Sky Carbon Hub in Montana.

## Deal Structure & Financials

* Contract Term: Initial 5-year term, starting when the first helium is delivered (targeted for March 1, 2027). [8-K Filing](https://www.sec.gov/Archives/edgar/data/101594/000143774926013368/useg20260424_8k.htm)

* Pricing: Fixed base price of $285.00 per thousand standard cubic feet (MCF) of contained helium.

* Inflation Linked: Annual adjustments based on the [Consumer Price Index (CPI-U)](https://www.marketscreener.com/news/u-s-energy-corp-signs-five-year-helium-offtake-agreement-with-investment-grade-global-leader-in-in-ce7f59dcde8ef627) starting March 2028.

* Netback Advantage: The price is "Ex-Works," meaning the buyer handles all transportation and downstream costs.

* Volume: Covers 100% of Phase 1 output, up to 1.2 million cubic feet (MMCF) per month (14.4 MMCF annually).

* Protections: Includes "take-or-pay" obligations and a right of first refusal for the counterparty to match third-party offers at a 5% premium in year four. Yahoo Finance

## Operational Impact

* Funding: Combined with an expanded senior secured debt facility closed on April 20, 2026, the company stated Phase 1 is now fully funded. [Investing.com](https://www.investing.com/news/company-news/us-energy-secures-5year-helium-sales-deal-for-montana-facility-93CH-4638380)

* Timeline:

* Summer 2026: Anticipated EPA approvals for carbon management plans.

* Q3 2026: Targeted commissioning of the plant.

* Q1 2027: Start of initial commercial operations.

* Strategic Shift: USEG is pivoting from traditional oil and gas to a platform generating three revenue streams: helium, carbon management (45Q tax credits), and oil recovery. [Nasdaq](https://www.nasdaq.com/press-release/us-energy-corp-announces-major-operational-progress-and-upcoming-catalysts-kevin-dome)

## Stock Market Reaction

Following the news, USEG stock saw significant volatility, with reports of surges ranging from 28% to over 57% in intraday and pre-market trading on the day of the announcement. [MEXC News](https://www.mexc.com/news/1056784) | [GuruFocus](https://www.gurufocus.com/news/8819610/us-energy-useg-secures-longterm-helium-sales-agreement-stock-rises-283)

Trek

£1

XRG tro… my brother-in-law invested, fair play. I looked at the interims and thought they were burning cash due to delays. They had raised 5m at T 1.75p in November and I thought they may need a top up to see them over until cash for contracts arrived.

I think he got in around 1.25p so should be ok. Chart looks a bouncer, 1.75 obviously target and resistance. Should do well as landed another contract and could see 4p again once gets through 1.75p. But not for me.

Trek

IQE raised at 58% discount! - I don’t hold but I am sure you will find folk saying what a great deal it is!

Trek

And more director buys!

Trek

Hi TF,

I am back in here - got the Lion share at that 96 trade posted earlier but added again at 98 and a tad under 100p at the opening bell today. 10k short of where I was as wanted to add to MDH but still a good position here. Done here now.

Also added TRiG, FGEN and SEIT last week + some SEIT this morning. Have enough ENRG.

At some point sentiment will improve here and hoping for a nice sp cushion at least before the next election!

Trek

Added 100k over 2 trades. Buying back some I sold earlier for less.

3.25p seems oversold.

Really needs news this one!

Trek