Post by
uograd on Feb 06, 2023 10:33am
i don't know wheels but i think this play is over
another month has rolled by no off take agreement, no hype, no nothing
avn did its second dilutive financing in a couple of months after reporting and well that should have doubled it stock price and they got no bump and stock after the pp is now trading lower
rhc has made lots of noise and apparenlty has secerued financing of 17.5 million to build its processing plant and its stock is in the low .30s and essentially dead
we have one creaky well drilled in 1999 that looks like it has helium but no one in this market is going to take a risk on it and the second well we drilled we have no idea if it has much gas or helium or anything else. the oil at about 250 bopd or theresabout is good but royalties are high and even with water processing facility still has high operating costs
i think only hope here is sell the company maybe to some gas company looking to diversity into helium now that gas has once again gone in the toilette and may stay there for awhile
i vote for strategic altenatives and put us all out of our misery once and for all.