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Blu, I think people understand that hahahhaha

The biggest problem for helium producers (extraction from LPG) is

3. Environmental Concerns

Helium is not one of the greenhouse gases. It is primarily extracted from natural gas. The extraction process typically involves drilling for natural gas, and helium is separated from the gas stream at processing facilities. The extraction of helium is energy-intensive and can involve the release of greenhouse gases during drilling, transportation, and processing. Carbon dioxide and methane emissions are common byproducts of the natural gas extraction process and are often associated with helium extraction. Natural gas containing helium is sometimes vented or flared during extraction when it cannot be effectively captured or transported. This results in the direct release of greenhouse gases into the atmosphere. Strategies to reduce greenhouse gas emissions associated with helium extraction include the improved capture and utilization of vented or flared gases. There are ample opportunities for further research into the environmental impact of helium extraction and the development of cleaner extraction methods. Recycling helium can reduce the need for continuously growing extraction and associated greenhouse gas emissions. Governments and environmental agencies are increasingly aware of the environmental impact of helium extraction [17]. They may introduce regulations and incentives to reduce emissions associated with helium production.

I think there is 1m MCF in a BCF (correct me if I’m wrong!). The price of helium is c.$450MCF. So itumbula on a gross basis could have c.$2.25bn of helium…

Yes you are wrong. There is no set price for helium. It is negotiated and contracts binding signed. For obvious reasons the suppliers of helium, basically the middle men operating between the producers and the end users are not going to divulge the details of who pays what, this will all be locked away via NDA’s.

Then you have the quality of helium to take into account. Party balloons are generally 50% pure helium.

If it’s ballpark figures you are looking at, then pure helium, $550 - £1200 per MCF and rising.

All time high SP here is 29p

Now some will rightly cite there are more shares in issue now and whilst that is correct, the contract price for helium over the past few years has hit insane levels.

Now the MC is over the £100m mark, bigger fish will now be allowed to play

Strap in

They are on our doorstep in Tanzania

We have been developing scenarios within Shell for almost 50 years, helping Shell leaders to explore ways forward and make better decisions. Shell Scenarios are designed to stretch management's thinking when it comes to considering events that may be remotely possible. Scenarios help management make choices in times of uncertainty and transition as we grapple with tough energy and environmental issues. They are aligned to different energy transition pathways and help in decision-making by guiding the identification of risks and opportunities.

Different socio-economic and technological parameters are used to construct these scenarios, such as:

sectoral and regional energy demand;

future trajectory of oil consumption and demand for natural gas;

renewable electricity demand and the pace of the electrification of the global energy system;

supply of solar and wind energy;

pace of uptake of electric vehicles;

demand for biofuels;

growth of the hydrogen economy;

level of carbon capture and storage (CCS);

deployment of lower-carbon energy technologies; and

global trade of oil and gas.

1.9835 for millions

Going to blow

Offering 9.61 for a lot

Looking strong

An interesting subject trees or Christmas trees, not that I know much about them. My son works offshore, a few weeks ago he took a pic whilst working of a what to me just looked like 8 big metals bits, with huge bolts holding them down. I asked what the purpose of those was, he explained but in truth most of it went over my head. The best I could make of it, the trees control the flow from the well. Having one of those in place is a massive positive, that much I do know. Here we go

Natural helium – multiple zones at 4.7% concentration + 168 m basement section of near continual shows at higher concentration levels

Natural hydrogen – 6m zone in the lake beds at 2.2% concentration + 168 m basement section of near continual shows at higher concentration levels

No wonder all industry eyes are on this.

A dynamic potential for renewable energy sources distinguishes Tanzania’s energy landscape. The country has abundant natural resources like solar, wind, geothermal, and natural gas. Tanzania has great potential in producing low-cost hydrogen, propelling the country’s energy and agricultural industries.

Its generation will assist citizens by lowering energy costs and helping to reduce unemployment, to name a few benefits. Investing in green hydrogen energy will help her achieve her goal of ensuring widespread access to electricity throughout Tanzania.

The AGHA will undoubtedly help Tanzania, as the coalition will provide her with the resources and expertise required to develop green energy production. It will also offer her an edge in the regional and worldwide markets.

Tanzania could benefit from AHP’s interest in prospective hydrogen-related industries in East Africa. The AHP aspires to develop a hydrogen corridor in East Africa to achieve the world’s first large-scale commercialization of clean, sustainable, and renewable green hydrogen.

This initiative could bring significant economic growth and job opportunities to Tanzania, attracting investments and promoting the development of hydrogen-related infrastructure. Additionally, by participating in the green hydrogen corridor, Tanzania can contribute to global efforts in reducing carbon emissions and transitioning towards a more sustainable energy future.

Currently offering 1.8931 for a lot

Https://www.japantimes.co.jp/commentary/2023/08/01/world/natural-hydrogen-production/

Has Bobrad aka Slacker come out of the toilet yet, I am desperate for a pee

The global market for Helium is estimated at US$2.5 Billion in 2023 and is projected to reach US$3.5 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.

https://finance.yahoo.com/news/helium-strategic-business-report-2024-105300861.html

In my opinion this kind of price action is just the start, when it really gets going it will run out of control for weeks.

After they drilled the basement and recorded 168m of near continuous shows of helium and hydrogen at increased levels well that was that. All we would need to do is wait for the placing flippers to finish their work then when the action starts it will run like never before. And the idiots who mention a speeding ticket, well how senseless is that. The reason for the increase has already been officially released.

Fun and games ahead, strap in

Imagine if you had green hydrogen, on tap today, the buyers would come from all areas.

https://enterprise.news/climate/en/industry/industry-list/167/Sectors/184/green-hydrogen

Massive exciting times ahead.

Level 2 is lit up like a christmas tree

Incoming

Like I said, everyone knows where this is going and it's a hell of a lot higher than where we are today.

168m into fractured basement, continual readings of helium and hydrogen, much higher than previous. I mean come on, what do people want.