Post from earlier in the week9 Feb 2024 14:47
I sincerely believe we have a Perfect Storm situation here.
The hunt for green helium has been going on for many years, following complex academic studies it seemed the best possibility was the Rukwa Rift Basin, Tanzania. Still when you are talking about an area the size of the North Sea it really is needle in a haystack time.
Only 2 operators are in the basin, Nobel Helium and HE1.
If, and it was going to be a massive, if, trapped green helium was going to be found the expected results are pretty much what Noble has found 2.46% helium and hydrogen shows, plus some other noble gases. The next challenge, getting it all out of the ground.
What happened next was close to mission impossible. Lorna and her team drilled a hole and found 4.7% helium, a 6 meter wall of hydrogen at 2.2% both flowing freely to the surface and other noble gases.
Now if that isn’t crazy enough the whole world is in desperate need of helium, hence the price is up 300% in a year and every man and his dog needs hydrogen.
To expand this fairytale further
HE1 were priced to go bust, fractions of a penny, this may have been their last shot from the 20 drilling targets, no wonder the girl was beaming.
The yanks have a boat load of 0.5% helium contained within natural gas, where extraction is hardly environmentally friendly (much heat is needed) and it’s expensive, so much so the yanks sold off their reserves.
In the past few days, a leading expert in Tanzania has stated - helium grade of 4.7% is ‘massive’. Word is getting out.
Imagine being one of only 2 oil companies in the north sea, and the whole place being rammed with oil and gas, that is what we have here. The fairytale of all fairytales. Like winning the Euro lottery 10 times on the spin.
Now you see why the placed shares were gobbled up in a feeding frenzy the likes of which I have never seen before.
What next, well the future is that crazy to think about, I just don’t bother, but sell, yeah right. I have 1.3 million shares and already the value of these has gone up and down like the firemen at Trumpton, but sell, not an option, not for a long time, no way.
So there you go, my version of what’s going on here
As always do your own research, tread carefully and good luck.