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Cluffs Predator was contracted to drill 20 wells in Kenya for $41m.
Cluffs drilling partner was Great Rift Drilling, looks like these were the drilling contractors,
Drilling stopped due unpaid invoices, so thats why only 8 holes were drilled
Drilling stopped in 2015...
DD, no other dodgy shares but have a couple in my watch list, with transformational assets, and issues like money, access and hygiene, dusters I believe...
Dai, great reads, thanks for the links..
I never knew helium one was spawned from research initially financed by Statoil, interesting.
@Heliumbull,
Now, a research group from Oxford and Durham universities, working with Norway-headquartered helium exploration company Helium One
https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find
https://physicsworld.com/a/on-the-hunt-for-helium/
@DD13, here is a wild card for you..
Cluff like green energy, Geothermal stuff.. Exploration to Development
A Helium Pure Play project would look nice in their portfolio, ?
Maybe it will be them who puts the pieces together for this years drill
From recent articles;
For his part, Deputy Minister for the ministry of minerals, Dr Steven Kiruswa who witnessed the signing of the Memorandum of Understanding (MoU) between the two institutions, said all the processes should involve the Geological Survey of Tanzania (GST)…
The last paragraph in same article;
Meanwhile, the discovery of gas was first made by the Geological Survey of Tanzania and Helium One Company of Norway in collaboration with scientists from Durham and Oxford universities and was described as a great opportunity for Tanzania through its mining industry.
That reads to me that helium one carried out the GST. The govt seem to be keen to push all efforts to conform with that. Could the govt of Tanzania be pushing both HE1 and Noble towards a JV ? Who knows?
@DD13, lol, Now DM said Rig X could drill a hole 8 1/2" to 2500m, he did'nt say without washing out ;)
Could be thats not our rig
Anyway who needs EU funding, the Chinese love Africa and Drilling thats why Noble have a Chinese Geo company.. ;)
Hi Aussie
I know how you feel, but with everything the way it is at the moment and all shares dropping it could well be that they are waiting for the right time.
If they released good news now any value made to the share price could be lost. I do think some times we give he1 to much credit, thinking things are happening in the back ground just to find out they ain’t. But I believe we will get there in the end.
Good luck to us all.
I dont think this references a "discovery" in the the O&G technical sense ( wireline, stem flow etc) rather discovery of a potential resource.
Obviously im excited for drill news next but can't wait to hear about the new lakebed closure at Tai and the drill plan
News is coming soon im sure
Hi AP,
Found an old article online form a few years back. Given your thoughts on a discovery already potentially being made in some aspect, what do you make of the wording here?
Speaking at the workshop, Helium One’s Chief Executive Officer, Thomas Abraham-James said: “Helium One believes there is an opportunity through helium exploration and development to develop world-class technical skills and scientific expertise locally in Tanzania. We continue to build on our partnership with UDSM through knowledge-sharing, training for students and Ministry of Minerals’ staff, and development of a scholarship programme”.
During the workshop Helium One awarded two UDSM students a funded MSc programme, which includes a placement at Oxford University, a sponsorship that he said was geared towards imparting world-class technical skills and scientific expertise to Tanzanians as well as fostering the existing productive partnership between Helium One and UDSM.
Helium One has so far discovered an estimated 98.9bcf of helium, representing a major helium discovery in the global context of rapidly diminishing supply and growing demand for the resource. “We believe our Rukwa basin helium project holds the potential to become a flagship example of the Government of Tanzania’s industrialization agenda, set out in the 2016/17-2020/21 National Development Plan”, Thomas added.
Epiroc Predator Kenya
Could it have be taken by Epiroc operators contracted to Cluff
https://epiroc.scene7.com/is/image/epiroc/Predator+in+Kenya?$landscape400$
I also read a comment which said Cluff owned the rig, but that was'nt from cluff..
Cluff(2020) are in the planning phase of 150mw Geo Project in Fantale but I cant find depths of wells and production casings to see if they are beyond the abilities of the rig. (reason for sale)
The limited use in Kenya, just 8 holes out of 42,..
One article said it was a top holing rig, preparing anchor casing, so wonder why only 8 holes.
Top holing because I believe limited by its ability to drill depth and run required production casing to depth...
Another said it was used to drill the shallower wells in the caldera, the other wells to deep...
But I read the big drills struggled, lots of down time due to stuck bits..
So we know its likely that the JW/DSE is Cluffs and that they are obviously open to selling it or doing a deal.
For what its worth Mike Williams as 2 contacts with Cluff Geo on Linkedin
IMO it all looks promising. Looking forward to see what deal has been done if indeed our intuition is right
Just 8 top holed wells drilled out of 42 in report dated 2015.
That's closer to 5000 hrs based on
24 days to 503 m (Average rate of penetration of 20.95 m/day)..
24daysx24hrsx8holes=4608hrs
Looks like that rig was used for top holing the Geothermal wells in Menengai from about 2013.
Drilling down 400-500m to run the anchor casing.
The only top holing rig
The anchor supports the BOP, so doubt the rig comes with BOP
A 2022 article suggested 43 wells had been drilled,
so it was a busy rig if it top holed all but with just 5000hours, doubt it
Cluff
Their website has single photo showing a predator rig sitting at a volcanoes caldera, but their current Geothermal prospecting area is outside of Awash National Park, Mount Fantale Volcano, so I believe its a photo from elsewhere, maybe the Menengai Caldera in Kenya, back from 2014/15..Another of their projects..
http://www.travelinggeologist.com/2015/01/menengai-caldera-in-kenya-with-helen-robinson/
Unlike the Jeff Weber listed rig for sale, interestingly this rig(same hours as on JW) for sale uses the same photo, and a couple more that look from the same site, so not from a brochure..
https://www.drillingsupplieseurope.com/product/atlas-copco-predator/
looks like Cluff offer lots of services,
"Hotspur Geothermal has relationships across the geothermal industry globally through academic institutions, drilling contractors, vendors, financial institutions, and government bodies."
Could be Cluff are that 3rd party, or arranged.
If too many Post like they have lost hope the sp will be rotten, and johnny will be picking up cheap shares for the next news, pump or hopefully the drill..
If your going to cut your loses you will get a little more if people think its worth a punt..
So is i t a world class asset waiting to be proven, with a team at identified rig , rig preparations likely to be in hand, money in the bank ready to sign contracts, and a drilling window into November possibly early December .
Or Its unproven world class asset , we have no drill, money is slowly running out, and its going to rain for Christmas..
Either way, drill or no drill, one will keep a better price than the other..
Liberum’s ‘buy’ note contained a 19p price target. The price target incorporates the broker’s belief that Helium One has a 35% chance of geological success, it said, but was not afraid to suggest 54p would be attainable if success was certain.
Anyone seen the note, to see how they come to 54p, ?
https://www.proactiveinvestors.co.uk/companies/news/975565/helium-one-shares-have-100-upside-according-to-city-broker-liberum-975565.html
@JKMeens
Well put, know how you currently feel, lots of investors feel the same way including myself, but I still feel they can get that drill organised and pull it off.
One way I look at it , is trying to put myself into DM's shoes and looking at all the various options when trying to take He1 forward, you need options and if some of those options do not materialise, then would you inform the shareholders, probably not, but would then look at the next option.
To all us shareholders with not a lot of news to go on, it seems like one step forward and two backwards at the moment.
There is not much room or time left to move to another option, I feel this rig will be the last option so they need to get this right and I'm fairly confident about this.
IMHO / DYOR
Onwards and upwards
Drill rig will be announced in the next few weeks. Its likely only a 72 hour drive from the drill site.
Pre drill share price will be 20p+, spud will be October.
Chance of success is very high, so much more so than last year - they essentially know a discovery is there.
From the many people ive been talking to my guess is that we have hashed a deal with Cluff geothermal to service and make operational their predator rig currently in Ethiopia. We will maybe be using it in return for making it operational and more desirable to buyers having had recent refurb and use OR writing in a purchase or extended rental deal upon disovery at Tai.
At this price, these shares are a steal.
Its been a tough hold, it really has but dont lose faith and sell yourself short at this late stage
You got that bang on!!! must be thousands of us in exactly the same mindset......... rain season drawing closer by the minute etc etc..... started nibbling my fingernails here :-/
I can't get my head around how I fell for this?
From the first articles in Proactive investors that seemed to be on repeat. Worlds potential biggest reserves? Hooked?
Yes I was!
To the DM tweets of flying out all excited then swiming in bubbles and then the long rig drilling silence with a deadbeat RNS that caused the crash where I got burned!
But stupidly not burned enough to believe that it will eventually come good!
So, put some more cash into it as it all seemed so logical.
New Drilling rig is all it needs.
Q1 or Q2 all good!
Then nothing and more nothing until a small blimp of info on a remote Irish radio station same blah blah and then a tell us nothing RNS.
Q3 is next week and the silence is just like last time before the nosedive.
Can SP go any lower?
Will I see a return on my money?
Can my naivety be exploited all the way to 2023?
Can my hope in this share stand against the sinister silence thats emanating from it?
Can the rampers on this board keep it up in the face of hard cold facts.
I was a believer
I had faith
I knew it will be alright.
But now?
I can see I was just naive and delusion.
https://m.youtube.com/watch?time_continue=9&v=_8mduTEvnU0&feature=emb_title
This is where I am on this now
Johnny Rotten said it better.
I would like to leave this share but Im LTH trying to just get my original money back?
Gone are the childish dreams of making a bit of profit!
Im a hostile dependant now.
Come on HE1 prove me wrong
Can you give me back my hope?
Let us know wtf is going on?