Lucky break maybe, who knows hehe
I would like a bit more information on what has actually broken. Any chance?
The picture supplied does not show any details. IMHO the rig does not look very substantial and wonder if we are pushing it a bit hard considering the pressures they are under.
Whilst I expect the rig is more than adequate for shallow depth bore holes it still should be treated will kid gloves. Also with any bit of kit like this there must be a learning curve especially when establishing the operational envelope.
I feel we are at present in survival mode but at the same time getting very valuable experience which will make the next well much easier.
Maybe we should let the site engineering team get on with what they are paid to do without the COE breathing down their necks. As long as we have sufficient funds to see us through this sticky period we will be OK. Without those we are dead on the water.
Owning their own drill means if they hit nothing they have an asset to sell.
Noble Helium SP are doing no better despite contracting a rig, although I’ve not looked into thier progress.
HE1 absolutely made the right choice to buy, with their location and multiple sites, it gives them flexibility.
Not to mention the ability to sub contract it out in down time.
My main concern is L.B avoiding the question of depth before the outage, and therefore no Helium show news.
Do people know something we don’t?
Maybe people taking the opportunity to ‘down-average’
I did @ 0.041
I was waiting for it to drop back to the same or lower before I throw my last stake money on HE1
Yeah same. Managed to lower my average to around 5 now.
Brave?
Whoop whoop! Well done to the HE1 team for getting the issue resolved so quickly
Great news - that two week delay turns into just one week.
Does this mean we may reach TD this week seeing as we were only a couple days away anyway??
Excellent news.
Well done the engineering/procurement teams.
Moving forward I hope they treat this rig with ‘kid gloves’. It is critical to our success.
Good to see good news followed with a good day for once
We need them to stop putting out ‘Good News’, the price is going the wrong way again. I fell into the gathering hope trap…
It’ll be those that bought at around 4 odd pence profit taking after yesterday’s 20% rise.
It really sucks, i bought at 4.5 pence but got worried and sold hoping to buy back a week later when the part arrives. Annoyingly it arrived earlier than expected and i wasn’t quick enough to get in.
Seems one very happy smiley man!
Oh oh oh … RNS tomorrow you think?
Friday or Monday is my guess!
Well, not quite guess. Going on what Lorna has said. What arw your feelings? Are you on the LSE forums?