Member Info for wherediditallgo

Hopefully not quite yet - here's the spiel from AJBell:

I appreciate the concern — especially with the market already trading post‑consolidation — but there isn’t a workaround.

Your Quantum Helium shares are currently restricted because we’re still waiting for the custodian to credit the new, post‑consolidation shares into your account. Until that happens, the old pre‑consolidation line remains frozen and trading can’t be reopened.

Other platforms may be using different custodians who have already received the new line, but we can only lift the restriction once our custodian delivers the updated shares.

As soon as the consolidated shares are credited, your holding will update and full trading will resume immediately.

Agreed, Neversatisfied.

Its been 9 days since the initial RNS update and we have heard nothing from the board since, no tweets, no interview etc.

My initial reaction to the post RNS drop was that there would be some further communication to assuage shareholders and that we would start to re-rate back to around 0.03. As there has been nothing, people have just taken their money elsewhere and will buy back in on any good news.

If we continue to hear nothing the share price will keep drifting down

Hi Shar1, I don't think realistically that it could have been done (much) earlier.

We were re-entering a circa 30 year old well with no insight as to the wellbore integrity, with main risks being corrosion/well casing collapse.

We then needed to clean up the well with acidization by injecting the well with acid, basically to clean the near wellbore area by dissolving blockages to improve the flows. At this point we need to assess the reaction of the reservoir over a number of weeks to form a clearer picture of the reservoir characteristics (flows/pressure/limits etc). This all took time and it was acknowledged in the RNS that they had some initial problems requiring additional operational work.

All the while, we would be testing the helium % over this extended period which we now know is 'similar to the analysis' of 30 odd years ago.

So far, so good. At this point, we have gas flows (+/- commercial) and known helium % (commercial). We need the flows and % to be commercial to progress. My feeling is that the flows are there/thereabouts commercial as it stands hence 'the results obtained to date support progression to the next phase of reservoir fracture stimulation'.

Once the fracking is done and reservoir tested/evaluated further I expect it to be confirmed as commercial. As I have previously said, this is a much better proposition now than it was 8 weeks ago as it has been substantially de-risked.

I see Bigw77 has given a source for the 95% comment - the US are the experts at fracking, with the US shale boom driven by it.

Approx. 95% of wells in Colorado are hydraulically fractured so this is a 'normal' operation in the US to maximise flows

Quite simply, the situation is better than it was pre EWT.

- helium confirmed

- gas is flowing

We now have less unknowns than we did at the beginning of the process. The question is how much is the gas flowing? We can surmise that it is probably around commercial flows +\- otherwise we wouldn’t be fracking.

At 0.04 people were buying despite all the potential pitfalls and all told, this is a more attractive proposition now than it was then

I do think this will rise over the course of the next few weeks prior to results.

We are, in my view, in a better position now than we were in pre well test, at which point there were more unknowns than there are now

@Watty19, what is the Telegram chatter?

I suspect no rns will come out until both zones have been acidized and run for circa 10-14 days. We may have to wait until next week.

Given we havent had an rns to the contrary, the helium is there, its just a question of the flow rates

Tommy, is there a link to this?

Just to clarify, its 5% of revenues, not 5% of profits, so even better

AIM2025, if you are referring to GEX, Mosman have direct exposure to any success they have, via their Seller Royalty.

Hopefully volume arrives and we see similar action to last July where the price was 0.0445 on Jul 05 & then 0.08 a week later