RNR
Drilling costs are never just the literal cost of drilling the actual hole. |
Georginaenergy [GEX]
All over social media that GEX was shorted but now that has finished and they are buying back
A big lot of buys landing guys and 11% up
This was 9.45p before the shorts attacked
🙏 |
Scrwal - HE1 are only/will be paying for works on drilling not road works. Speak to company if you don’t believe me.
But I guess you knew that anyway. |
 ASX ANNOUNCEMENT30 January 2025Activities ReportQuarter Ended 31 December 2024Blue Star Helium Limited (ASX:BNL, OTC:BSNLF) provides an update on its activities for thequarter ended 31 December 2024.Highlights? Strategic Helium Acquisition: Secured options to purchase helium assets and oil andgas assets in Colorado with existing wells, infrastructure, and potential for rapiddevelopment.? Galactica/Pegasus: Farmed out 50% interest to Helium One, who will fund the drillingof six development wells (up to US$450,000 per well). Drilling expected to start in Q12025, with first production slated for H1 2025.? Corporate: Completed two-tranche placement, raising A$3.0 million. Quarter-end cashbalance of A$2.6 million and zero debt.OPERATIONSStrategic Helium AcquisitionBlue Star has secured options to purchase helium assets and oil and gas assets in Lincolnand Cheyenne Counties, Colorado. These assets include: Existing wellbores with historic helium concentrations of 1.36% to 2.02% and raw gasflow rates of 5,000 to 10,000 Mcfd. Substantial production infrastructure and proximity to the Ladder Creek heliumliquefaction facility. The Kregel well, currently producing helium and connected to the Tumbleweed gasgathering system. Approximately 283 square miles of 3D seismic data for exploration. Late-life oil and gas production which the vendors advised produced US$3.4 million ofnet operating profit in the 9 months to 30 September 2024.Blue Star is evaluating funding options for the acquisition, including debt and/or strategic jointventures.For further information refer to BNL ASX Announcement and cautionary statement dated23 December 2024 (Strategic Helium Acquisition Option).Blue Star Helium Limited | ASX:BNL | OTCQB:BSNLF194 Hay Street, Subiaco, WA, 6008ACN 009 230 835 | info@bluestarhelium.com | www.bluestarhelium.co |
kemche - 08 Jul 2024 - 16:56:07 - 19021 of 25303 Helium 1 - A globally significant asset in constrained market - HE1
If they have a conservative recoverable helium gas of 987 billion cubic feet and each billion cf sells for a very conservative $500m then I think we could be looking at a share valuation approaching £1,897.98 per share!!!! Imagine the house price inflation in St George's Hill and beachfront properties in Bahamas! Just the Capital Gains Tax take for the government would mean that our national debt would be written off in one fell swoop and still have enough left over to build 700 new hospitals.
I have put our life savings into this and haven't told her indoors yet. Can you imagine the look on her face when I tell her that we are richer than Elon Musk?
GLA LTHers! |
Scrwal
Careful, you will be accused of deramping 😂😂😂 |
For everyone who insists HE1 doesn't have an additional liability for costs this is stated in the ASX announcement on 28 August 2024 by Blue Star
"Helium One’s obligation under the initial six (6) well drilling programme is capped at US$0.45 million per well. In the event that any well exceeds that obligation ceiling, the partners will share excess costs in proportion with their respective project working interests, ie 50/50."
Self explanatory really. |
Most of the buys today were buys. |
😂😂😂
RNR
How accurate is any of your post 25295.
Perhaps you should provide some factual information that shows there are no extra costs to he1 or just carry on misleading people.
As near as damn it a 1 month delay but it is not a bad RNS 😂😂😂 |
Spot on Andy. Not sure what Rich2006 is going on about as it’s no extra cost to HE1 but I guess he knows that but just wants to deramp as normal. |
Classic treeshake before the whoosh. I continue to average down.
Gla lth'ers. |
The RNS makes sense but it still states there is a slight delay and it could be that the road gravelling is an extra non budgeted cost. |
RNR
Havin fun yet
😂😂😂 |
😂😂😂
RNR post 25289
Says it all really 🤔
😂😂😂
Delays cost money, your (shareholders) money.
Additional costs for the road gravelling.
Also will delay production (income), if it even gets that far as the drill may not be commercial.
Will you care when there is another discounted placing.
But all is good at he1
😂😂😂 |
I can’t see what was negative with the RNS today. Seems sensible what they are doing. |
Has anyone got feedback on the Mining Licence?
Some say its expected next week the most likely before end January!! |
Happy Days with Early Revenue Q1 still on target. |
I was thinking about VOG the other day, i wonder if the asset is in production by some other company? |
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