Conference It was actually pretty good. Nothing really amazing but were optimistic about producing from smaller traps up high but also from figuring out how to produce the Nazare. Just haven't done it yet.
They did talk about plans for Val Marie drillign to SE of Climax right at Montan border. There is a giant doem there and helium production on the Montana side. They said soemone has tried to buy these rights off them but they are very positive about drillign that themselves.
Conferenc ewa sa little rritating at times but not bad. They were trying to provide basic information as well as updates on their opertaions and plans. The host sort of pretended he didn't know much and just asked Andrew questions. Got a little old but alright. Dean jumped in a bit. Tried to make it sound like some give and take and soem overall education. I did listen to the whole thing.
Obviously did not have anything too startling in positive sense and did not boost the shares or even stop the gradual slide. Still there will be a lot happening as this year progresses. Just they did not produce any helium in January and they likely won't in Q1 and likely won't until end of 2022 the way I read it. That is okay but it hurts a little when you give such positive predictions with specific dates and the timeline slips. They also did say that one of the uphole intervals ay Climax 4 flowed at 2.2 mmcf of carier gas. That not bad. Recently the have said that the Nazare flowed gas after the 100 meter vertical frack. But they will not say what that flow rate was. It has too be a little disappointing and they hope to imporove flows with all the computer modelling they are doing. But if the flow was really good afetr the frack they would surely say something. They keep saying it is a discovery and they even called it the Nazare FIELD (implyiong commerciality) but obviously mo one is totally convinved ot shares would not be at US 28 cents.
I did add a few thousand shares this week at 28 cents.
Best to all, It is interesting. They spent 5 years getting ready to do what they did last year and what they are doing this year. We will find out how well it works over the rest of 2022. Will be interesting for sure. And exciting - hopefully in the good direction.