Post by
minigoon on Jan 13, 2023 12:57pm
Been wondering for a few months now.
I commented earlier in regards to the incredible amount of detail of PDF's on their website, about the Helium details of the wells, ( recordings,logs,data ) almost over the top type of info. We are a 3 headed horse as we have Oil, Gas, Helium and ( water lol ). Yes the company also talks endlessly about the Helium in every N/R.
IMHO, I believe the company's is putting it all out there as they may be trying to show the Fed Gov't that they have this property, with complete documentation of Helium detail and would like to apply for a grant to build the plant under the ( stratigic minerals and metals act ).
Anyone knows the more info one shows to get a grant the better.
I used this reasoning in the oilpatch a few years ago when the Feds gave out interest free loans to companys with great documented potential ( IPO .10 cents, JOY 18 cents, TORQ now WCP .50 cents )
Comment by
Wheels54 on Jan 13, 2023 1:33pm
Very good point.. What's the old saying "Pioneers take the arrows, settlers take the land" Perhaps conserving cash, enjoying the income and further proving th assets will co-inside with any potential grants or excellent financing being available. Better to wait awhile and produce at much lower costs then expedite production at the cost of much lower profits.