First Helium Inc V.HELI

what a boneheaded tweet these idiots just put out

[uograd]

There is dumb and then there is the kind of dumb that this company is.

first they lie to us about when this well went into production, then the well totally shats the bed versus our expectations (even though not a bad well) and then this tweet this morning,

"we expect to continue operating well 4-29 with a goal of optomizing oil production levels,  managing total fluid volumes handled and benefit from lower  government royalty payments until such time as it returns the capital cost of drilling and completion"

Then what are they going to do, shut the well in?  Nobody wants a break even well you dingbats.  They should say we see this well running for years after we have recovered all our costs.  reality is the the production levels are not going to have that high of future royalties anyways.  Heck the well is not even close to 200 bopd now and declining.

They are also telling you that production has gotten worse and the water has gotten worse so yeah sure 5% royalty is nice but we are here to make money not just circulate it.

[Wheels54]

Perhaps not the best update but numbers dont lie. They have 2 "bonus" wells producing 1.4 million a month with spring break up ending very soon. Rough days on the market but they have postioned themselves to be comfortable in a rising interest rate enviroment. The 4-29 is what it is. Its producing and generating income just not at what was expected. May be substancially more after its

[Wheels54]

And i think you may be interpreting the tweet wrong. I beleieve they are saying they will be enjoying lower goverment royalties until it is paid off. I get it its easy to be negative right now but you and alot of knowledgable people in the industry invested here for a reason. Rough week and a half but there is a ton of potential here.

[Wheels54]

And would you rather they sugercoat news or tell it how it is? Their realease on the 4-29 was perhaps delayed but by no means misleading. Infact transperency is most definetly valued IMHO

[SteveQ]

No change in my game plan because of this tweet.  I was averaging up in the 70's , and now I'm back to averaging down.  No debts , enough cash on hand and making about 50k a day , desirable products , knowledgeable and invested management.   The boss said in a video that around mid may , the wells appraisal numbers should be in.  What do you think it's worth a