Joe Huan

Value investor.

[Joe Huan @jpharks]

@ApexStryker @StockBible @RiftHelium @Noble_Helium You are bang on Apex. My only concern. You are one of the few people including @StockBible who seems to have read the admission doc!

[Joe Huan @jpharks]

@ApexStryker @StockBible @RiftHelium @Noble_Helium Close to my numbers. £6.77m-£2.24m 3D (adm doc £1.9m +18%)-£0.12m/month overhead = £3.4m by April. Adm doc budgets £1.95m/well, so well 1 is covered; the gap is well 2, roughly £0.5-0.8m. Raise likely, but small and probably post-CPR imv

[Joe Huan @jpharks]

@ApexStryker Promising: but £6.77m is 30 June cash; the expanded 3D alone is ~£2.2m. Kinambo-1 hadn't spudded at 10 Nov (SLB tools still being re-certified), so think Jan 27, not Nov/Dec. K1 tests basin charge/seal; NSAI's weak link at Upepo is trap integrity (20–30%). That's the 3D's job

[Joe Huan @jpharks]

@ApexStryker @Smudgedann Lock-ins (PtV s18): 16m founder shares were locked for 6 months to ~22 Oct. 8m director shares stay locked to ~22 Apr 27. ~15m were never locked. Plus 13.3m at 5p and 6.65m warrants at 5p. Supply has to clear first; then licence & Kinambo-1 should do the rest.

[Joe Huan @jpharks]

@ApexStryker @Smudgedann Agree the 3D + CPR are funded. However: £6.77m was 30 June cash, before the expanded 3D (~£2.2m budget) and 4+ months of overhead. And the admission doc (Pt III notes 13 & 23) shows 39m founder-era shares issued at 0.1–1.5p.

[Joe Huan @jpharks]

@Trivarious_Ent The NZ election is of no relevance to the ministerial approval process already in motion…

[Joe Huan @jpharks]

@shafaq39 Agreed - is still too early to be pumping here… just look at the anticipated catalysts for RIFT. 3D seismic is expected at some point during Q4. Still no mention of license renewal. Still waiting for Noble’s Kinambo-1 drill on neighbouring North Rukwa…

[Joe Huan @jpharks]

@Robin25461631 Thematically the company could not have a better name at present….!

[Joe Huan @jpharks]

@bullitt1981 @HaraldHadrada2 The volumes have to massive as there is billions of shares 😂😂😂

[Joe Huan @jpharks]

@BigGibUK @StockBible #RIFT licenses expire on 24 October (with no RNS yet) & anticipation of Noble's Kinambo-1 result in early to mid Nov in North Rukwa have caused the discount

[Joe Huan @jpharks]

@shafaq39 @StockBible Looks promising. CPR mapped 10 leads on 2D seismic (19.3 Bcf P50 and 41.8 Bcf mean of unrisked helium). However each lead's CoS is only 5-15% though as trap integrity is 20–30%, so risked resource is actually ~4.85 Bcf. Awaiting Noble’s Kinambo-1 drill result in North Rukwa…

[Joe Huan @jpharks]

@ds_lyons @BigBiteNow @RoweOliver I thought this might be the case! Explains the strange share price action. Markets can stay irrational for longer than you can stay solvent etc 😂

[Joe Huan @jpharks]

@Metalhead2525 @Metalhead2525 could not agree more… it literally is a pump and dump by people who arguably should know better… 44.4 billion shares, 2.3bn of them issued to settle placing fees and historic adviser debts and the Aug placing providing ‘approximately 3 months' working capital’

[Joe Huan @jpharks]

@Trivarious_Ent @AiMT1000 Key point being there is 305m shares of placing stock for the market to absorb from or around 12 October….

[Joe Huan @jpharks]

@Trivarious_Ent @AiMT1000 #SNDA Waiting for Ministerial consent in early Oct. Additional 304.8m shares (36% of the enlarged share capital) requires AGM approval on 8 Oct. If resolutions pass, the shares should be admitted around 12 Oct. If Timor-Leste terminates Chuditch PSC on 16 Oct, $2.5m at risk…

[Joe Huan @jpharks]

@DDS_DocHoliday @sly_fox_stox Horrible capital structure… as you’ve rightly pointed out!

[Joe Huan @jpharks]

@NorthernJack88 Surely it has to be another deal… but the significant FCF makes me feel comfortable. It’s just a shame short term traders have little patience

[Joe Huan @jpharks]

@DavidBurton1971 @DavidBurton1971 is Tennyson #BLOE’s house broker? Looks like interesting opp

[Joe Huan @jpharks]

@baroninvestment @baroninvestment is it @JadestoneEnergy? Not at 52W lows but unloved and a recovery play