London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@inthevoid
Positivity, best post for a long time, you haven't even mentioned Dia, ok its Noobs turn now but keep the positivity up. This share will deliver.
nomlunga
Why did you post that link? when surely it’s self- explanatory.
What difference is going to make to HE1 progress to drill
to a confirmed discovery.
Genuine posters on this board - eg. @Noob67 has informed
us already, that its overly ramped-up and not the find, if
confirmed, in anyway has got the given potential of HE1.
So please do me a favour, if you’re in doubt, ask the company,
not us; we have so many well-informed posters here, in from
the start, we could do without questions, not pertinent to HE1.
I hope this reply, does not fall on deaf-ears, it’s also a message
to other posters who by association, de-ramp our prospects.
You now have direction, so please ask the relative board,
to whom you must seek, to provide you with your answers.
Have a good day, now toddle off, that’s a good boy.
ITV
The market screener site is a good place to read the RNS’s of any global company.
Here is REN’s.
https://www.marketscreener.com/quote/stock/RENERGEN-LIMITED-22554038/?type_recherche=rapide&mots=Ren
I noted how they have signed up a lot of sales contracts and that the SP hasn’t really bagged as one would expect. I think because as posted before the data is underwhelming on detail at leas5 for now.
Trek
£5
I expect as an LNG project, their environmental issues are major drawbacks. LNG demand will eventually decline globally. Not now though?
Renergen is listed on the ASX as well as the JSX, so I have been following it for a while. I find it difficult to believe a lot of what they say, and find it very curious that no real detail has ever been released of either the size or composition of the resource. They are capitalised at about AU$300M, but need a multiple of that for upfront capital. My view: high risk (much higher than HE1) until verifiable detailed information (to internationally accepted standards) is available, but your own research might lead you to a different view.
This is a fair summary:
https://www.dailymaverick.co.za/article/2021-10-20-helium-producer-renergen-filled-with-hot-air-or-a-giant-in-the-making/
We were asked for views on other Helium stocks. Frequent readers will know that I specialise in resource companies, because of my background. The only other Helium stock in which I am invested is Blue Star Helium ASX:BNL. I currently have holdings in only 11 resource stocks worldwide, so draw your own conclusions. BNL will be drilling shortly and have a good prospective holding in Colorado. You can look them up on Proactive Australia. I cannot comment on the US-listed companies mentioned here earlier - they may be OK, but I do not have the time to research everything on earth, and most importantly, I have given up owning North American stocks since their markets are only open when I am asleep!
Hi Paul
Appreciate you taking it lightly, sorry
just couldn’t resist the opportunity.
You maybe be aware, that they are not
listed anywhere, so far under the radar,
worth getting in early, before the spike :) lol
Have a lovely weekend, weather looks
promising, enjoy, have a nice time :)
ATB
ITV
Aimtrader "do you think he'll RNS the start of the seismic?"
They did on the first seismic so they will announce the second one too. They seem to be always on target with their time estimations therefore I will not worry about it.
I am more keen on the ERT/MT survey since its the one that will kick start the shallow discovery and bring the money ;)
Taken from their document
" To produce helium, the methane needs a market. Higher helium concentrations therefore mean less methane is required to be produced. In many countries the low concentrations of helium reduce their ability to recover the helium"
All the above means that they may still have a problem producing big quantities. If they do they have to pay a higher price for the CO2 produced.
Helium One still has the biggest advantage of them all.
@JTurkas, it looks to be an estimated value for their helium, as they have a separate value for methane and helium for each case P10,50,90
I would guess their helium is mixed with methane like ours is with nitrogen.
page 7
https://www.renergen.co.za/investor-update-august-2020/
do you think he'll RNS the start of the seismic? If so (assuming they're on track as per the plan) this needs to be soon if aiming to complete ahead of the rainy reason. I suspect the results will determine the contract with the drilling contractor (how many drills) so doubt they'll reach an agreement until after those results have been processed (back end of 21??).
Also keep in mind. Im not sure whether their 350bcf is a combined amount including the methane they are drilling. In their annual report they provided a combined reservoir size which was then split up into methane and helium..
I still can't understand whether the helium they are gathering is as a by-product, or is the sole drill target. I also believe the 19 wells they are drilling next year are methane wells from what I gathered.
and all of these seem to have had at least 50% decrease in SP over the past year.... so you know. It's expected ..... its a high risk stock. Binary. From very brief research, Helium one seems the best bet, with the possible exception of Renergen... and thats priced at £28 (up from low of £9 over last year). So that company is hardly the same proposition as HE1.....
Renergen stuff
This note from march suggests P50 `Helium reserves of 3.4BCF
https://bluegemresearch.co.za/wp-content/uploads/2021/03/Renergen_Initiation-of-Coverage-1.pdf
Spot Market to trade 100,000 units of 1 mcf each over 19 years
https://www.gasworld.com/renergen-argon-ink-25m-deal-to-create-first-liquid-helium-spot-market/2021986.article
Conceptual Study Suggests 30-344BCF of Helium resource
https://www.gasworld.com/renergen-virginia-project-could-supply-entire-worlds-helium-demand-for-six-decades/2019471.article
https://energycapitalpower.com/renergens-gas-project-in-south-africa-could-meet-global-helium-demand/
University Article
https://www.ed.ac.uk/geosciences/news/?item=744
LOL, noted ITV :) off for now for the weekend...
pauljabbott
1. Imperial Helium
2. Desert Mountain
3. Renergen
4. Avanti Energy
5. North American Helium Inc
6. GotNo Energy
Switch off, please. What will happen, will happen,
patience, concentrate on He1 & DM, not them :)
ATB
We’ll see who discovers helium, a find, that may impact on
our given; we just have to find it, its gotta be here, somewhere:) lol
NB: lTV, you’re rabbiting on like Noob, can’t you see :) lol
Hope you’re keeping well mate, ATB etc, etc…
That applies to all other genuine He1 posters too :)
ITV
Thank Noob...
I am inclined to agree Nate, I have some concerns for the first time based on the progress of others seen recently. I have brought my average down as best I can and have a better exit point on a discovery but hopefully things will improve quicker than expected and meet market expectations. The game is on...
Renergen
Already made a discovery
Drilling 19 further wells next year
They've had 12% helium shows
Potentially 350bcf (60% more than our 138bcf)
In a natural gas carrier (even more economic)
Have already signed 10&15 year off-take agreements with 3 gas majors
Technologically advanced, creating a Helium spot market
Utilising blockchain based token to buy/sell with suppliers
This company are not d!cking about, and are serious competition for us. We're in a development race to prove up our assets first, but they're way ahead, operationally, technologically & commercially. If Renergen come into the market, having proven up even a fraction of their potential resource, then there will be a glut in the market by the time we find ours.
Remember global consumption of helium is only 6bcf/annum. With all of this 'new' helium in the market, there's no denying that helium prices could tumble, it's basic supply & demand economics. Lower helium prices, equals less margin, less profits and a lower SP.
DM needs to seriously get his finger out before the new helium players in the market, not only steal our thunder, but completely change the potential economics of the investment case.
As it stands we don't even have a rig to do any drilling next year. DM needs to get some news out, and fast.
Best, Nate
It seems the following are the ones to watch as (near to) peers:
1. Imperial Helium
2. Desert Mountain
3. Renergen
4. Avanti Energy
5. North American Helium Inc.
Anyone else?
It's also on oilprice.com.
https://phys.org/news/2021-10-helium-south-africa-gold.html
try this Noob67