RE: Lovely...5 Nov 2021 12:15
Hello porky, you were kind enough to supply info on another board--here is the overview on H1, garnered from postrers on this bb
Happy days
A new approach to helium recovery should take the guesswork out of finding this vital medical resource
Scientists in the UK are about to pump up the world’s shrinking helium reserves after unearthing a vast helium gas field in Tanzania. The discovery marks the first time scientists have successfully prospected for the vital resource.
Global demand is around 30,000 tonnes of helium per year and is used in a whole host of applications from MRI scanners and welding technologies to leak detection in gas pipelines and, yes, party balloons. But its supply is no laughing matter.
‘Helium is one of these very limited resources that once you’ve used it, you can never recycle it,’ says Chris Ballentine from the University of Oxford, UK. ‘Once you use it, it’s released into the atmosphere. Once in the atmosphere … [it] is light enough that it escapes into space.’
Ballentine explains our helium reserves, at the current consumption rate, may only last until around 2030. This scarcity is partly driven by the US’s only helium reserve in Texas. Accounting for 30% of global supply, the reserve was set to be shut down after a 1996 congress bill was passed to sell off a large part of the supply and pay off the plant’s debts. This led to helium prices falling as competition was forced from the market.
Porks---the license area is about the size of London, Helium was found on the maiden drill at all levels, the search is on to find clear gas, although they found gas bubbles but could not verify it.
It is my opinion that they would be unlucky not to find clear gas, and the He is coming from the thorium/heavy metals deep under the Rukwa basin, the bubbles were from under a 130 meter clay seal some 1500 meters down, but commerciality is yet to be established.
Sign In
Follow the stocks
