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Thanks my friend, appreciate your input once again.
Well-informed investor status in my eyes.
p.s. a wildcat is a very good thing if it hits a big discovery. Sort of like a jackpot or a bonanza. Doesn’t always happen but can be very exciting. Tension is building.
Thanks much, no insult taken, appreciate input from you and the rest of the board. It is exciting to be following along (with heightened interest due to our shares) as they, after years of work, try to do something that has never really been done before (drill greenfield helium wells in total absence of a petroleum system) and try to establish a globally important source for an increasingly crucial and increasingly scarce commodity. If they pull it off it will be quite amazing. And I think they have a good shot at it.
I could have put it better, no insult intended. Just full of expectations of a stratospheric
find of Helium in the must-drill location. Probably, like all investors, not everybody,
are eating, drinking, walking, talking and sleeping HE1 at this point-in-time.
I sincerely believe that getting in early with DME was a intuitive move on your
part, ensuring ongoing prosperity for quite some time; hope it all goes well.
I guess immense tension on my part, got the better of me.
Thanks for your constructive reply, learnt a lot, thank you.
Take care my friend, see you on the moon, one day, but not one-way.
Don't quibble. I am not attacking He1 - I love the story and the company.
exploratory well - a test hole to locate proven reserves, to determine whether oil and gas (in this case helium) are present in a prospective reservoir.
appraisal well - used to delineate the size of a discovery well and the expected production rate.
delineation well - a step-out well helping to delineate the size and outline of a proven proven field
development well - is drilled in a pool that is already proven and producing, to increase the production.
So we would all agree that the Tai well is not an appraisal well or a delineation well or a development well.
So Tai is an exploratory well. A wildcat well is simply an exploratory well in an area not known to be an oil or gas field. They are used like all exploratory wells to verify the existence of commercial quantities of quality oil and gas deposits. The first exploratory well drilled in a geographic region or a prospective field is also called a wildcat. To me wildcat totally applies to this first Tai well. It is not in a producing field. There are no proven reserves. It is the first well in a geographic region or in a prospective field. I guess you can also use wildcat to mean a wild high risk well with no data behind it and little chance of success. I wasn't using it that way and I didn't mean it as an insult.
Helium One is in the wildcat stage.
Suggest you look up the industry definition of that term.
HE1 is not in the wildcat stage at all. Years of competent and collaborated research
from DM and others now on board. Why are spouting off about DME, yes, they have
the acreage, but still have to find other resources of Helium to keep going.
HE1 delivers on a well-driven find in Tanzania; absolute unique World
class resource spoken in those terms by many eminent geologists.
So please do not offend HE1, DM and well-informed other investors
here by defining them a wildcat operation.
Noob67 appreciates your input immensely, so on that element, l
will out of respect for him, go on any further.
My take only on this post, but maybe others that agree.
Thanks for the reply Scott
Interesting company, think they are going for hydrogen too? Or I may be misremembering that resource.
Also raising for Helium plants? What was odd was the board change timing with those guys.
I don't see it especially as a rival as some posters may do, Helium is being marketised and as such these big players will compete with one another and ultimately drive further Helium use, DM has alluded to it often.
To me looks like very keen on proving the reserve. From what I read a few months off proving volumetrics?
The SP is a remarkable trip.
I think much will depend on various HE % percentages for all the companies. Lots of buy outs mergers in the rare gas arena in the next 5 years I'd hazard to guess.
Also note RHC had a low raise on the back of much lower HE%.
I think that DME is not in the wildcat stage. That ended with a discovery well flowing 25 mmcf/day with 7% helium. Also the Holbrook basin and the Cocino sandstone interval produced helium for 15 years from the Pinto Dome area.
He1 is in the wildcat stage. That could end abruptly if the first well at Tai is a discovery well. Rukwa is potentially many times bigger resource than is Holbrook basin. It is more interesting story. It has better leadership in my opinion. But is has to be proved.
Anyway I did not buy DME early. I got interested in helium through the Helium 1 story. I did not think there were other pure helium wells (with nitrogen but no hydrocarbons). I found that over 90% of helium comes from natural gas wells with small concentrations that are processed out. But there are stratigraphic areas where some layers have helium without much natural gas (usually there are found together with petroleum systems where there are source rocks and migration of hydrocarbons as well, usually they have salt seals). Anyway the geology of the Holbrook basin is interesting and they have had helium wells - and that led me to DME who is reviving helium production there. There are other targets and documented wells elsewhere (including Canada) with a lot of helium and not much natural gas. But Tanzania seems some what unique is that there is no hydrocarbon system in the area and the helium may be trapped in very conventional traps. He1 is looking for helium by looking for helium, not just finding some helium rich spots while looking for hydrocarbons.
So I did not buy DME early (wish I had). I just bought a little to follow the story there as part of following the whole Helium story. I got mine just under US $2 so I am up 50% very quickly. But I did get my He1 shares early.
He1 - much bigger potential resource, I like DM and all the Oxford geology work that has led to this point. All they have to do is prove commercial reservoirs of helium. That will be a huge deal and it could come within months. Imagine where He1 would be if they had one well flowing at 25 mmcf/day with 7% Helium (see below). To me the upside is much higher. The possibility of ending up with nothing is also probably higher. Both are speculative in my opinion. But I enjoy watching the He1 story unfold a lot more.
DME: They have proven good salt seals with helium in place in a specific interval (Cocino sandstone) with good porosity and permeability . Holbrook basin produced 6.3 BCF in 15 years from 11 wells at PInto Dome some years back. Recent DME well at another location has excellent pressure and flowed 25 mmcf/day with 7.3% Helium. They are in good location for getting helium to market. They will be selling Helium faster than He1.
I'm inclined to agree, however this is my only helium share and I think I also agree with Scott about spreading it out. I think if he bought DME at 0.08 he will be smiling for years. I won't buy them as I can't do the kerfuffle to get Canadian Shares.
I think the one advantage DME have is their position in the USA+ nearby the traditional Helium source, but the do seem all over the place as regards strategy ,but they keep coming up smiling.
Personally my view of rivals and new He players is it's nothing but a good thing , as we are your sat on the SP of the largest amount of Helium ( they all say that) and the largest concentrations ( they all say that too)
As regards Annie Hair, I'm of an age where that would be expected and approved, tidy short back and sides would be approved of.
DME are wildcats, enough said. The Chairman when doing a Proactive lnvestors
reminded of JR Ewing, so full of himself, pontificating about there acreage, they
still have to find over many years, too be a realistic deliver of ensured helium
for sustainable companies going forward, requesting more & more and willing
to pay for it. Also, for me personally, l don’t like ferret under his nose, you can’t
see his lips move, due to the amount of pre-2000 fanny hair, don’t like him.
Regarding helium leaks: l read an article once about a company who has bored
a huge tunnel into mountain to store helium; they are l believe are using this
technology right now; a gigantic ballon that they have inflated in the tunnel,
no-seams and a very robust skin that is durable and uses an extremely high
non-porous material that will not leak helium.
Also DM has l believe from the article several months ago, has contracted two
twin-skinned power airships that can fly all the way around the world without refuelling,
landing on any terrain, which enable deliveries almost anywhere on this planet.
There a lot of hype, as pre-mentioned, companies doing this, doing that, so what,
HE1 can not stop extraction of helium elsewhere, apart from its given existence of
meeting sustainable needs from a abundant location. Their operational costs are
very low, when looking at the revenue each will make; HE1 is here to stay dudes,
top-of-the-tree helium source by a country-mile; we lead the path where others
have yet to follow. One caveat: they got to hit the sweet-spot soon or later;
Laura’s expertise should identify where that is; a given in my investment.
l’m autistic, on a roll at the moment, no offence intended with ref to Annie’s.
You're in DME, how do you compare them to he1?
I notice long life span, some board changed and wildcats.
I see also imperial helium are about to come about too in the Helium space, red hot around the world.
That article also makes the claim that some companies are just getting leases and setting up companies to attract investors to a hot space, without any plans to actually go after any helium. They call out Rare Earth Exploration specifically. It is nice that Helium One has DM (a geologist and a proven project manager in Africa) running the show and that they have been so careful to document all the steps as they go. He1 is not hype, it is a truly exciting company. Traps and seals are the key. Oxford provided the underlying science.
Rare Earth Exploration, a Texas-based company, received a drilling permit from the Oil and Gas Commission in April 2019. It also holds active leases with the Arizona State Land Department. In November of that year, a Texas State Securities Board commissioner filed an emergency order against the company for fraudulent claims to attract investors.
Among some industry experts, there have been whispers about other companies as well, but no legal action to date.
“The Holbrook Basin is like the Wild West,” Constenius said. “There's some professional companies. And then there's some disreputable companies, what I call promoters, where they're actually kind of fleecing people on the hype of helium.”>>
Here is the link https://www.azcentral.com/story/news/local/arizona-environment/2021/05/16/helium-mines-could-lift-arizona-economy-but-locals-fear-effects/7113083002/
Article in the central arizona news. Not much new but a comment about traps and sealing that caught my eye. Helium is such a small molecule it can even pass through metal tanks which is why some is lost in trucking it to end users. Helium one will have to be careful as they set up their processes to truck it to port, but still that will be a good problem to have - means the have found commercial accumulations of the gas . The big item to me is if there will be big reservoirs trapped in structures like Tai or if they will have to move on to the other prospect areas which may have salt seals more similar to the Holbrook basin.
“Helium is coming up from the Earth's interior all over the planet,” Uhlman said. “It's coming up in your backyard. It's coming out at the football field. It's coming out everywhere at a steady basis. And the only reason you want to drill for it is if it's been captured underneath a layer. This gas wants to move up and it doesn't move horizontally, it just moves up and it makes a pool. You drop a conventional well into it and then you've got your helium.”>>