Helix Exploration Share Discussion Threads

[tidy 2] 03/9/2024 13:48

Nothing to be concerned with easy operational procedure. Rudyland still on track all fully funded with plenty left in the tank. Highest H levels he's ever seen flowing to surface. Game on

[suetballs] 03/9/2024 13:09

Well Bo seems confident.
Suet

[sos100] 03/9/2024 12:50

"minor setback" , seems positive

10%-11% hydrogen in the mud flowing of the well

And confirms fully funded for everything going forward

[jungmana] 03/9/2024 12:18

Cyber my thoughts too especially considering the original estimate for the 2 wells was $5 million which they managed to beat down to $4.1million, Worth noting too that the drill took about half the original estimated time of 4 weeks. Therefore a bit of saving there too.

[stevehuges] 03/9/2024 12:15

https://youtu.be/y4HHSzQbGeY?si=aPaWOM0Z-Y1c71q4 this looks bigger than 7 inch casing ! Looks easy to a install

[stevehuges] 03/9/2024 11:53

Maybe go and check your info / Our team is focused on completing Clink #1 ASAP.We are confident this well will be key to our future success. Thanks to all our shareholders for their continued support and patience. We will keep you updated every step of the way.

[stevehuges] 03/9/2024 11:50

We have identified significant shows of helium across all target formations, confirming the presence of a robust helium system within the Amsden, Charles, & Flathead sandstones.oops back to significant

[adw198] 03/9/2024 11:49

@hooded claw

They didn’t say “upto 4 weeks”, they said
“may take approximately a month to source and mobilise”.

My reading is that in around a month they expect the work to BEGIN.

I’m no longer invested here having traded in and out over the last week so I don’t have any skin in the game and no short term desire to get back in as it’s just going to drift whilst the above plays out.

[purchaseatthetop] 03/9/2024 11:43

19/8/24 RNS
Helix Exploration, the helium exploration and development company focused on helium deposits within the 'Montana Helium Fairway', is pleased to report the identification of significantly elevated helium in drilling mud (a "gas-show") within the Amsden and Charles formations.

28/8/24 RNS
Elevated helium encountered in drilling muds throughout the sedimentary column demonstrates presence of helium within all target horizons.

3/9/24 RNS
The well has been secured with a cement plug and retrievable packer until it can be completed. The Company will keep the market informed with a definitive forward timeline as soon as possible.

Maybe just best to seal it and pretend there was commercial helium there? Significantly elevated, to elevated to plugged. In two weeks.

[hooded claw] 03/9/2024 11:32

Jung ...the $4.1m was reduced due to speed of drilling so will the new rig push it back much past that ? Who knows ...need HEX interview to explain things in greater detail IMHO

[sos100] 03/9/2024 11:27

Mark- I think you was very negative on HE1 and now the sudden change
We can't attach much to anything you say....

[hooded claw] 03/9/2024 11:22

Marky, if you say so. I disagree

[stevehuges] 03/9/2024 10:57

Require a different rig ! It does say in this morning's rns !

[worraps] 03/9/2024 10:45

Yes, UP TO 4 weeks, and seeing the way these guys get on with it, it will probably be LESS than 4 weeks.

[markymar] 03/9/2024 10:42

Have you seen a RNS saying they have sourced a rig yet?Fancy, when they signed the rig, they did not put in a clause that they could keep the rig for a month longer in case of any problems.Bad management, hence you are in this mess

[hooded claw] 03/9/2024 10:04

Marky, like spreading BS ? Up to 4 weeks to source AND mobilise.

[jungmana] 03/9/2024 09:39

Staying here as am still in good profit. Imo operations will resume in less than 4 weeks.This is Montana, USA not Rukwa , Tanzania. I need not say more

[cyberbub] 03/9/2024 09:38

Although I admit I have no expertise in this, I suspect that the new rig for say a week's use down to a moderate depth, will probably no more than $500k maximum. Unfortunate of course, but far from disastrous, always assuming it's successful in the repair casing.

[blakesmith] 03/9/2024 09:19

He1 willAgain tank on next nesz

[markymar] 03/9/2024 09:13

You have at least a 4 week wait before drilling resumes. In that time, the share price will have further lows as money taken out and put into more promising alternatives like HE1, which postive EWT results this week.

[jungmana] 03/9/2024 08:51

For all those new the company has plenty cash having raised $9 million at ipo.Yes the $4.1 million budget will increase due to the source of new rig for a few days of operations but by not much."Combined budget cost of the two well programmes are estimated at approximately $4.1m which demonstrates the potential for the Company to operate cost-effective exploration and development within the state of Montana"

[lord loads of lolly] 03/9/2024 08:45

worraps - the RNS confirmed existing funds will be sufficient to cover this extra cost.

But it didn't spell out what the extra cost was (and therefore by how much Hex's reserves have been depleted). Which will have repercussions further down the line (albeit possibly not horrendous ones)!

[roy keane] 03/9/2024 08:42

"Activities at the Clink #1 well will pause for a period of circa one month whilst mobilising a rig to set intermediate casing over the Mowry shale at ~2,100 feet."No nothing will happen for 30 days after 30 days they will try to remedy..

[worraps] 03/9/2024 08:40

The plan is there in the RNS, which also confirmed the funds are in place already.