Should be drilling very soonVery rough week in general with interest rates spooking everyone. Oil stocks are getting trimmed very heavily. Fundamentally nothing has seemed to have changed too much with the supply/demand dynamic and we are still one natural disaster or act from Russia or China away from 150 oil. Will be interesting to see what happens in the coming weeks with O&G.
On the other hand HELI has held up reasonably well all things considered. Being debt free is quite a boon going into this environment. Excellent to have revenue and cash flow which should be increasing in the coming months. Both their north and southern plays also have proven HE and NG reserves as well. Expecting an announcement on the commencement of drilling for their 2 HE/NG wells here quite soon.
For everyone invested lots to like here. The systemic market is a bit of a mess but once the hysteria subsides combined with greater understanding of the dire helium market shortage and HELI's great positioning in the industry, I suspect they have a very bright future ahead.
GLTA