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They're not just digging wells, they're paying the piper. Helium one day before results announcement. Pictures of Lorna B paying the piper. Have a look on X.
Local tribes/herders/farmers all need their palms greased. Its standard practice in the oil industry when drilling on tribal lands
Can someone give me a in a nutshell run down on what's the craic with current ongoing operations?
I'm aware that they're simultaneously drilling and well testing? There is a shxt ton of stuff going on with this company it's hard to grip on it in one go.
What's happening with the Irish project ?
Genuine possible investor here, from a drilling background, so any feedback would be much appreciated, cheers
'Do we know the flow rate of the gas in the system? Nope. Another known unknown'.
LB 'High concentrations FLOWED to surface from basement' that's a very big clue. People need to read the RNS's a bit more carefully. Yes they have not given us the precise flow rate. But that comment alone says it all for me. 3000m to surface of its own steam, with no dissipation of concentration. More than suggests that she is a gusher. Hence no perforating. Flow is mentioned 3 times in the RNS.
But i do pick up what you are laying down
Blu
That's the most bit of sense I've read all day 👍
JV won't happen until commerciality is proven. As you correctly state. There is still a lot of risk that JV won't take on unnecessarily. I'm hoping they get support from the Gov, in the guise of tax/VAT incentives and a big fat loan to pay for field development etc
Anything but another dilution will be a bonus
Renergen's initial discovery was, I think 4-6%. During development they discovered concentrations of 10%+. We could potentially do the same. Having seepage at 10% concentrations already
Renergen, look into them instead of reading braindead cut n paste jobs on here
Skittish, your presence in the 'Rig Pig Craic Shack' would be much appreciated, if you wouldn't mind joining and sharing with us your vast knowledge on all things regarding HE1 or any other projects you are clued up on. As the group isn't exclusive to HE1
Kindest regards
The rig pig
Nothing has been clarified what the purpose of East Africa holdings is, or what if any assets it holds. Regardless they currently functioning as operator and drilling contractor as HE1 global. I think they'd have to inform the market if they weren't
It's not relevant you're just spamming the board. We all know the concentration is 4.7% it's only been mentioned million times a day. New investors are coming because they obviously already heard the concentration is 4.7%
Glib
Totally agree 👍 and as I've stated many times. The 2 entities need to be separated. They need to get one of the experienced Zenith boys on the books and put them in charge of the exploration side of business.
Chesh
Repairs or no repairs, they spanked near 20mil already on 2 Wells. What was the raise for this well post repairs? 5.8m, so a FDP might require 20+ wells = (rounding 5.8 to 6) 120+ mil. At the current cash burn. Bear in mind, you can add another 8mil onto each well for a well test (going by Nobles figures).
They need to get their spending in check. Owning their own rig is obviously not working out cheaper than hiring in a proper drilling contractor, who are driling wells for clients for as little as 2mil (as highlighted in the group regarding other companies and drilling campaigns)