Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@DeepblueDiver, maybe a bentonite/cement mix, not really looked, but found some interesting articles suggesting saturated bentonite is a barrier to nitrogen gas, and used in CO2 capture.
I say suggesting because my understanding might be wrong, little knowledge..
l looked it up because DM mentioned it describing the seismic of Tai.
Just wanted to thank seisprocessor for taking the time to contribute and to say please do keep chipping in as it is much appreciated. This information is a real help to people like myself who don't fully understand the geology behind the project.
I watched the latest company presentation over the weekend and it has changed my perception of this project to the extent I'm willing to risk more given the upside possibilities.
I don't think people are realising just how much time, effort and research has gone into this by Helium One.
Seisprocessor. Welcome to the board
"The potential here is tremendous with some truly unique and unusual circumstances...a rift valley with ancient Precambrian basement rocks and helium that has been generated in uplifted Paleoproterozoic era metamorphic rocks circa 1.6 - 2.5 billion years old. Also a huge amount of helium liberated by hydrothermal heat flow thanks to being just exactly the right distance from the nearest volcano to generate temperatures of 110c. A dynamic basin province with tilted fault blocks, excellent reservoirs, filled traps, migration paths and 8-11km of overlying basin filled sediment."
My thoughts entirely. Actually I haven't got a bloody clue what most of that means but I watched the presentation last week and thought it was definitely worth investing. GLA and keep well
Good to have you on this BB @Seisprocessor.... we need all the support we can..
as an aside, a poster posted something last week about whether the well can contain He following discovery. This has been bugging me all weekend and my first thought was - "what cement can we use to contain the well from becoming a leaky path itself?" there are a few self healing cement on the market in E&P but not sure on applicability for He .. Nothing yet to share for now, but will do once I have done some more homework.
Mr SpaceTomato was asking recently if there were any geologists invested here. Well I'm a geophysicist and I invested after reading through the AIM admissions doc. I topped up again on Friday morning when the price dipped!
The potential here is tremendous with some truly unique and unusual circumstances...a rift valley with ancient Precambrian basement rocks and helium that has been generated in uplifted Paleoproterozoic era metamorphic rocks circa 1.6 - 2.5 billion years old. Also a huge amount of helium liberated by hydrothermal heat flow thanks to being just exactly the right distance from the nearest volcano to generate temperatures of 110c. A dynamic basin province with tilted fault blocks, excellent reservoirs, filled traps, migration paths and 8-11km of overlying basin filled sediment.
Until last week, my choice would have been to drill Kasuku first, because it has quite large stacked targets; tilted fault blocks with excellent sandstone reservoirs; closer to the rift wall where the helium generation is; less sediment overburden so less problems with well bore stability, and less complex post rift faulting. The larger reservoirs with less steep dips on the tilted fault blocks make it a bigger target for 2D imaging and a higher margin of error for the exact positioning of a vertical well, compared to say, Itumbula, with more steeply dipping target zones, where the well location would have to be spot on.
Kasuku also had sufficient sampling with infill data for 2D data, whereas Itumbula doesn't imo.
I can well imagine that there's a tremendous improvement in s/n ratios and data quality in the reprocessed data compared to the legacy mid '80s datasets.
So now it's all change with Tai being the 'must drill' prospect after the reprocessing results!
On the seismic data it looks like they're going for two even larger targets, one in the Permian Karoo formation and the other in the upper part of the Red Sandstone formation from Cretaceous to late Tertiary. Hopefully there's a good seal with fine grained shale lake bottom sediments.
The strike/slip faulting causes the target zones to rollover and create a flatter, larger reservoir with 3 way dip closure, rather than the syn-rift pull-apart faulting. Also the faults don't appear to extend to the surface, unlike at Itumbula, so there may well be further additional helium shows at very shallow depths too.
All subjective opinions of course, but these are my reasons for investing. Geology is an inexact science and the seismic data results as only as accurate as the assumptions being made about the earth model.
DYOR.
Presentation: Helium One Global - 121 Mining Investment Cape Town 2020
898 views•26 Feb 2020
Good presentation. https://www.youtube.com/watch?v=X1zJotUh2Oo
Whoops, well thats one I have not seen, sorry..
Still not on youtube, but found this 10 minutes video while looking
https://www.youtube.com/watch?v=X1zJotUh2Oo
For all deep divers. The Helium sort not the muffin sort.
https://www.proactiveinvestors.co.uk/LON:HE1/Helium-One-Global-Ltd/
Scroll down to deep dive and click to open.
Worth reading where it all began.
https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find
For all deep divers. The Helium sort not the muffin sort.
https://www.proactiveinvestors.co.uk/LON:HE1/Helium-One-Global-Ltd/
New investors just looking in may best be informed by eatching the video out today and this clip posted earlier by dai2belts
Youtube presentation
https://www.youtube.com/watch?v=HB7VgIBNBWg
And this update from proactive 2 weeks ago.is just phenominal....
https://www.proactiveinvestors.co.uk/companies/news/942212/helium-one-global-update-on-the--countdown-to-drilling--with--everything-on-time-and-on-schedule--942212.html
Scroll down to read the company full profile..it'll keep you up all night....it's that good!
GLA
Hi Trek! Thanks for those links; I had gone through them before and also seen your previous posts showing them..great stuff.
I was just extrapolating on my thoughts about the seal formations and how we have these huge pockets replenished with Helium bursting with gas all these millions of years.
I have re-read the Competent Persons Report from last year, which is really good and give a very clear idea of what is happening down there. If anyone is interested see the CPR on this link:
http://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf
D-Geman,
Thank for the Article on the Smithsonian.
On the presentation the CEO was so clear...we have possibly a $200 Billion Reserves under our feet. Can you just phatom what that will make of our share price whe we drill the first well and bring Helium to the surface?
This is a once in a life-time opportunity and I am will not let it go of my shares.. I will never have an opportunity like this ever again.
Guys, there will be throwing everything they got at us now so to scare us into selling our shares on the cheap. The MMs can do that and they will shake us; they have almost 100 million of the 10p shares to shake us and they have been making their money selling some of them from 13p upwards so they already are in profit; they can use the rest to force the price as low as they can to scare you into selling and then, use the £12 million they had offered extra for the placing to mop all the shares available in the open market and then have the last laugh.
I know some of you don't believe that but it does happen; see the video on this link how Jim Crammer explains how hedge funds and MMs do that:
https://youtu.be/W90V_DyPJTs
Please, those new to the share DO you research and educate yourselves about the Company and the project. Here are some information you will find useful:
http://etheses.dur.ac.uk/12573/1/Full_Thesis_Danabalan_2017_with_corrections.pdf?DDD15+
https://cdn-ceo-ca.s3.amazonaws.com/1funjk8-Helium_One_Initiation_note_Final_14_Dec_2020_RB2.pdf
https://youtu.be/phxxy2YUS50
https://youtu.be/gse_Y7kF770
https://youtu.be/4wuw2PbqMyo
https://youtu.be/8V9cug8xj1U
https://youtu.be/lLsBm1TnM54
https://youtu.be/Wgj2aiX4XXU
https://youtu.be/X1zJotUh2Oo
https://youtu.be/1B-AiDa9xe0
https://youtu.be/lEfp3UCN20k
https://youtu.be/jqU0GhmCEhM
https://youtu.be/ZhGrrxAi5qE
https://youtu.be/KKOXwTeg61s
I hope it helps
Good night and good luck!
ST
The vid is up on investor meets now, just watched it,
Takes 2 minutes to register.
dai2belts
That YouTube is a presentation public on 14th April and appears to be dated Nov 2020.
@TrekMadone - very informative information. It just keeps re-enforcing the picture here of something special. I hope so as I’ve put in more than I planned, but sometimes you have to go with what looks and feels right.
@Dai2belts. Thanks for the link. I’d not been able to see the presentation, so will enjoy that.
For those who missed the presentation and did not set up an account to view..
https://www.youtube.com/watch?v=HB7VgIBNBWg
So plan B is now plan C, plan B is Rukwa 2..
That infill has found something..
looking through H&P doc
Tai being 2x5 or 10km^2 suggests its amongst the largest closures, requiring up to 7 wells.
The 3 largest are P50 rated has having + 15bcf, 4th +10bcf
If Tai has closer to 10% helium, than 4%, it will probably do that 18bcf on its own..
And another that is now playing out!
Just on the three drills, correct, but they are also targeting stacked traps. So if you look at Kasuka, Page 21 you can see 1 drill could potentially be hitting 4 traps. Similar to layered thrust sheets in O&G.
The stacking together with the seeps is a strong indication of sealing. Think of it like a champagne fountain.
You have a pyramid of flutes and the groom pours champagne into the top one and it fills all the glasses. Some of the champagne spills either into another glass, trap, or spills onto the table, seeps. It’s just an upside down version on a smaller scale but it means 1 drill is targeting multiple traps. So our 3 drills could be like 8 or more goes!
https://cdn-ceo-ca.s3.amazonaws.com/1funjk8-Helium_One_Initiation_note_Final_14_Dec_2020_RB2.pdf
Trek
ST,
Here is one of my earlier posts....
Rift Valley
https://images.app.goo.gl/gJhF4T8LV3Enwest6
Faulted anticline traps, sediment, fault or salt seal
https://images.app.goo.gl/BuGJRscjdnnHCAu27
I expect ours is the fault trap in this pick but with stacked targets down along the fault. There are likely different types of traps along the Rift Valley depending on stresses. The anticlines eventually fracture over years. Gravity takes the gas to the top of the trap.
https://images.app.goo.gl/sS7TsvK7EHEayFMG8
We have Stacked 3 way faults.
Well defined traditional traps. Proven technology to extrapolate helium. DME are already doing it!
We know there is helium from seeps and we know there are unlikely to be HC’s from previous drills!
The market absolutely gets this. A normal 3 way fault is very likely to have a seal, very bullish!
I posted before I expected a delay but not due to this wow!
Usual caveats
Trek
This is about Helium discovery in Tanzania, from 2016.
https://www.smithsonianmag.com/smart-news/scientists-found-huge-reservoir-much-needed-helium-180959592/
And how fast is Helium created?
'On Earth, helium is generated deep underground through the natural radioactive decay of elements such as uranium and thorium. "It takes many, many millennia to make the helium that's here on the Earth,"'
https://www.npr.org/2019/11/01/775554343/the-world-is-constantly-running-out-of-helium-heres-why-it-matters?t=1620327815380
I wonder if we have some experienced geologists on this BB; I ask as I would imagine a story like this, the Helium story, is quite exciting and a first for the London Stock Exchange - I think we are the only Helium explorer on the LSE - and since we are talking about Helium it may attract some geologist to invest here.
If we have, I would like to pose a question to them, or, maybe to anyone here who could enlighten me with an answer; my point is this:
What I have understood from all I have read so far, ie. academic works since 1950s, PHD thesis, reports by Hannam and the HE1 as well as various newspapers and other mediums, is that Helium seepage has been recorded at the Rukwa basin at various locations at various rate up to 10.6%; I understand that Helium arouse from the source rock since the last geological movements, about 450 million years ago, which helped release the Helium and Nitrogen from the source rock upwards; Some of these gases then get trapped below in the pockets (traps) and if the seals are good enough, and what is not trapped continue seeping upwards through the cracks and faults all the way to the surface.
My question then is: 450 million years of seepage and still we have 10.6% rate of Helium showing up (way higher then other world Helium gas fields); can I safely say that the decay Uranium and Thorium is still continuing at greater levels enough to maintain a constant flow of gases to fill up the traps and overflow them so that seepage will happen on the surface?
450 million years and it is still going on! Could I even contemplate the idea that if the traps were not 100% effective, say, that some gas would still escape, that the source rock gas creation is so intense that both pressure and quantity would still make the trap an attractive asset? Meaning, seeing the on surface rates are 10.6% and not dilutes, the likelihood of having reasonable good quantities of trapped gases in each trap as well as pressure?
Sorry, I hope I wasn't too convoluted.
Thanks in advance for any replies.
ST
Will be taking a position tomorrow! Sounds very promising.