RE:RE:RE:RE:RE:After the appraisal is when the party will start !! it doesn't sound like you've done a lot of due diligence.
1.3 % helium is very good. Check out the results of the other helium companies and historical averages. Was the price of oil $110 when they acquired the property? No and you can only expect 1 in 5 to be oil. They got "lucky" with 1-30 and are taking advantage of the current oil price to provide income and cash flow fo help fund their operations.
The company is probably promoting because they are almost comically undervalued compared to the other players. Based on $90 US oil and 900 barrels a day (90x1.265x900x365)
the revenue is around $37 million cdn. a year with a netback close to 90 cdn.
If they try to drill another "oily" well and hit another 400 barrels their revenue could be over $50 million a year.
They actually have 3 helium/nat gas wells ready to go and the nat gas pipeline. Like DME they are just waiting for specialized equipment for the helium processing plant.