Helix Exploration Share Discussion Threads

[roy keane] 28/8/2024 07:14

They reached TD on friday and inform mkt 5 days later... hmmmmmm

[jungmana] 28/8/2024 07:13

I think some just don't get it. Imo this is looking extremely good for a commercial discovery.The big rns due in under 2 weeks

[highrisk1] 28/8/2024 07:06

wth, we are red!!!.

[hooded claw] 28/8/2024 07:04

Adw ... you need wireline to be carried out to know the He concentrations.

As Jung is showing that HE1 didn't know theirs and gave pretty much the same info on their drill RNS as HEX.

[highrisk1] 28/8/2024 07:04

Elevated helium found in all target horizons

?Discovery of a #Hydrogen system within Cambrian strata

?Up to 10.3% Hydrogen in mud!

[adw198] 28/8/2024 06:57

@cyber I only bought in here yday as a bit of a punt so I’m spectacularly unqualified to interpret the science but I read the the RNS pretty much the same as you, ie ie lukewarm. As soon as I saw the title of the RNS I winced a bit.

I sense the Helium levels were less than expected. Hydrogen a good result but whereas the previous results discussed “ significantly elevated” Helium, this one spoke (only) of “elevated̶1; Helium.

Nevertheless I suspect we’ll have a good (if volatile) day here.

[highrisk1] 28/8/2024 06:52

Https://x.com/HelixExp/status/1828685129788612638?t=wb73yPW5fuJcpilGjmJ9cw&s=09Elevated helium found in all target horizons?Discovery of a #Hydrogen system within Cambrian strata?Up to 10.3% Hydrogen in mud!

[hooded claw] 28/8/2024 06:51

Interesting info on LSE board by MasksNewNorm

"During the He1 first findings Lorna said the 2.2% presence of hydrogen along with helium shows indicated hydrogen was the likely helium carrier.

Hex have 10..3% hydrogen and helium throughout also with nitrogen which He1 also announced yesterday so the gas formation seems consistent with science and therefore analogous in their production process."

[jungmana] 28/8/2024 06:48

If a commercial helium and hydrogen discovery is declared soon, who knows where the share price will go.Then comes the extended flow test and Move onto Rudyard drilling in Q4.

[dicko80] 28/8/2024 06:47

Cyber I agree , the fact they mentioned ppm in the first two reservoirs and also state the hydrogen ppm but no mention of helium ppm in the bottom two formations, suggests caution

[highrisk1] 28/8/2024 06:44

He1 did over 200 % on that news, I believe. We should hopefully be in 30s later.

[jungmana] 28/8/2024 06:42

Cyber - He1 drilling completion rns was on the 25th of January. Wireline log and discovery declaration rns was on 5th February .HEX is showing 50x and 130x background helium levels and this continues with depth . All target show high elevated helium. On top of that is the 10.3% hydrogen concentration in the precambrian compared to 2% he1 had.Looking good for a commercial discovery of not just helium but hydrogen too to be declared soon.

[hooded claw] 28/8/2024 06:41

cyber ... went up 20% on the last news with the Bo interview. So far everything going to plan.

[hooded claw] 28/8/2024 06:40

In the July presentation they had the timeline

Drilling up to 7th September (completed 10 days early)
Wireline - 1 week up to 14th September
Completion - 1 week up to 21st September
Test - 1 month up to 21st October

As drilling is complete 10 days early that means the test will be complete around 11th October.

There should be an RNS for wireline (to give concentration levels), Completion RNS to say well is ready for test. And then test results which should be out middle of October as as soon as the test ends they have the result.

Going to be an exciting 6 week period IMHO

[cyberbub] 28/8/2024 06:38

Well fair enough, maybe I'm being paranoid LOLThe pre-open prices suggest that Mr Market thinks it's positive... Let's see if they're maintained through the day...

[hooded claw] 28/8/2024 06:33

Yup as others have said and it is in the RNS today

"Wireline logging and appraisal via extended flow testing will commence shortly to enable the Company to assess the helium and hydrogen concentrations."

[jungmana] 28/8/2024 06:32

It took he1 about 11 days after drilling completion rns to wireline log and discovery rns.Therefore expect the big news in under 2 weeks.So far all looking extremely good

[highrisk1] 28/8/2024 06:31

Cyberbub, when HE1 completed drilling, there was no mention it being commercial either. Please read their RNS dated 25th Jan 2024.

[hooded claw] 28/8/2024 06:31

cyber, who's management style would you prefer - HEX or HE1 ?

I am sure there will be an interview with Bo today so I am looking forward to it.

[cyberbub] 28/8/2024 06:24

Hooded Claw yes. I suppose we can take heart from the fact that they think it's worth spending time and money on a well test. I'm just twitchy that they haven't stated a %age helium and there doesn't seem to be the euphoria you might expect if they were clear that it was commercial. HE1 as I recall stated 4.7% helium in their drilling result announcement?

[jungmana] 28/8/2024 06:23

"FYI, the US Inflation Reduction Act allocates a production tax credit of $3/kg if hydrogen production meets 0.45 kg CO2eq/kg H2.Which at 10.3%, this definitely would.The highest possible PTC.Oh, helium found in all formations as well."https://x.com/that_stocks_guy/status/1828676797061337379?t=l1Nc11kJyEOGLTfeoJSmaQ&s=19

[mynameiskhan] 28/8/2024 06:22

The commercial discovery only after test. They are preparing for EWT, suggesting all system is working

[mynameiskhan] 28/8/2024 06:21

They never given He concentration for Amsden & Charles. The He concentration will be provided only after logging.