The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Part 1B
Now this is in a licence area applied for by Noble, but not yet approved or granted, they have never referred to any activity ongoing there. But activity is ongoing and in the last week more vehicles/structures seem to have appeared at the entrance to the main roadway (same dates as previous image) suggesting activity is picking up https://www.flickr.com/photos/194934344@N06/53712665497/in/dateposted-public/ so this is the area we are talking about with the main rift valley Ifipa fault in the backgound - it is drill location 1 we are interested in https://www.flickr.com/photos/194934344@N06/53693963576/in/dateposted-public/ So it looks like that well will target the main Rift Valley fault. Now I had assumed that with M1 and M2 Noble had also targeted the main fault which was what seemed to be implied here https://www.flickr.com/photos/194934344@N06/53070760686/in/dateposted-public/ But the reality is that they hadn't they just targeted a relatively minor fault system and found a shallow reservoir here https://www.flickr.com/photos/194934344@N06/53715382698/in/dateposted-public/ with this showing the faults in more detail https://www.flickr.com/photos/194934344@N06/53714260192/in/dateposted-public/ So it looks like the drill at Ilemba will be quite different to that at Mbelele. But why not just move a bit more inland at Mbelele? It could be to do with logistics, there are no bridges north of Mbelele, and the helium may be present in larger quantities closer to He1's area. So is the Ifipa fault a big deal, well potentially, yes. It is on this fault, and several others where the African continent is tearing itself apart theoretically powered by a Super Plume of molten rock rising up from the Outer Core. In 10M years this will be an ocean. So how deep does this fault go?
Continued....
Part 2
Well very deep, possibly down to 40km+ right down to the Moho, which is the boundary between the Crust and Upper Mantle, shown here https://www.flickr.com/photos/194934344@N06/53714482060/in/dateposted-public/ And this shows that this profile 3-3' is taken from exactly where these new drill locations are being created https://www.flickr.com/photos/194934344@N06/53712688212/in/dateposted-public/ This is another theorised image showing the Ifipa fault going down to around 30km https://www.flickr.com/photos/194934344@N06/53713583526/in/dateposted-public/ But this is the thing - it is all fairly theoretical, as very little deep exploration work has been done around Rukwa, it is effectively virgin territory. He1 IMHO don't know where the fault at Itumbula goes, how deep it is, whether it joins with the Ufipa fault many km down, or exactly where the helium is generated which then flows into their fault at Itumbula. But it would appear (to me) that whoever is preparing to drill at Ilemba is targeting the deepest fault that they can find, which goes all the way down to the base of the Earths crust. Work started at Ilemba around last September, long before the Itumbula result was known. We'll never know why they were diverted to Tai, which could be a conventional reservoir, but it seems to me that both Itumbula and Ilemba are targeting quite different plays, not reservoirs but helium flowing upwards, possibly from 30-40km deep, and it is for this reason that He1 have not revealed any detailed results. They simply don't know what they have got, as they've never seen the like previously. The EWT may give an idea, and help to quantify. Whether it is Noble at Ilemba, who knows, can't think it could be anyone else, but why so secretive? But I think any results from Ilemba, could have a material effect on how Itumbula is quantified. And we never did find out what was in the Noble/He1 cooperation agreement, did we?
As I alluded to a while back I can see this being fast tracked through the required government processes
Couldn’t get a copy or link to the PDF but here is the mention on the budget summary PDF from page 14:
“During the budget discussions several issues were raised and they are worth noting:
Tanzania recognised for its significant helium deposits particularly in Lake Rukwa faces a pressing need for a strategic and expedited extraction approach. Parliamentarians stress the importance of swiftly capitalising on this global asset through a well-planned extraction process aiming to optimise benefits for the country. “
GLA 📈
Couldn’t get a copy or link to the PDF but here is the mention on the budget summary PDF from page 14:
“During the budget discussions several issues were raised and they are worth noting:
Tanzania recognised for its significant helium deposits particularly in Lake Rukwa faces a pressing need for a strategic and expedited extraction approach. Parliamentarians stress the importance of swiftly capitalising on this global asset through a well-planned extraction process aiming to optimise benefits for the country. “
GLA 📈🚀
Pubdrawl
Take a day off and go for a walk!
Jethrodave, clearly an agenda to post that here. You have your own board. Cross-ramping of this kind is self-centered agenda driven and not welcome on this board. Filtered
GLA genuine HE1 holders. Big times ahead 💪📈🚀
Found the link: https://www.linkedin.com/posts/asnl-advisory-limited_2024-25-budget-bulletin-ministry-of-minerals-activity-7194809028277870593-_TEp
Cheers Wimbledon. Do you have a link? I will mull over it with a pint or two ☀️
ASNL Advisory Limited
Seems we’re in it haven’t read it yet
For me it is the massive dilutions and free float of over 3bn at the mercy of day traders which will prevent them from fully achieving their full potential
See my earlier postings!!!!
Call it a cross ramp!
but think about it!!!!
The summer of 2021 was the time to take huge profits on HE1
HEX in my view now offer a second opportunity for those that didn't!
But DYOR
Nice find Wimbledon. Not convinced it will be for us here so will hang for a little longer. It appears its hanging on tight, to that 1.3 atm, which has surprised be tbh given the past.
I will be back and loaded again when the right opportunity presents. Good luck.
Thanks Wimbledon.
That seems to reduce the need for a raise although I accept it doesn't negate one. A positive message though.
@cricket81
A £25k buyer seems to think so…
And let's hope there's something said to improve the share price! This is depressing.
I have just finished a round of FTimes, Yahoo, Microsoft, and they are all showing us as PLUS 1.89% who`s right?
Her title is "HELIUM ONE: STRATEGIC RESOURCE FOR AFRICA IN AN EXPANDING MARKET"
Thursday, May 16, 2024 9:20 AM to 9:40 AM
SHOWCASE THEATRE
Lorna Blaisse · Helium One
That’s not a nice way to speak to your wannabe wife. 👰♀️
FOMO kicking in 💪📈
Lorna Blaisse speaking at the Africa Energies Summit 2024 between the 14th - 16th May 2024.
That's exactly the weird sort of thing that your other I.D Mac would say.....try mixing it up a bit.....with feet up......obviously
Took some more, bargain prices right now imo.
GLA ATB DYOR
And a 2.5mill buy
You need a heart to start with to have a change of heart :p