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A total of 21 Prospects and four leads have been identified for helium exploration in the Rukwa Rift Basin. The prospects have a total unrisked base case recoverable helium potential of 138bcf or 14bcf on a risked basis (average 10% geological chance of success). The high or P10 case is almost four times higher at >500bcf gross unrisked.
Macroseeps
A macroseep is a seep that has an obvious surface manifestation (i.e. springs). Macroseep sample collection was undertaken in November 2015 and again in January 2016. A third macroseep sampling program located at the Itumbula seep in Rukwa during November 2016 was led by an Oxford University team. A total of 22 macroseep gas samples were showing the deep gas concentrations to contain between 8 – 10% helium, with the remainder mostly nitrogen.
Licence history and data acquisition
Initial work and discovery of helium in the project area was undertaken and documented by T.C. James in 1967, who collected a gas sample from the Itumbula Spring in the Rukwa area. The gas sample analysed indicated a helium concentration of 4.2% and suggested that gas discharge was predominantly nitrogen-rich (87.5%) with trace amounts of hydrocarbons (5.4%) and carbon dioxide (0.8%).
Work undertaken during the 1980s and 1990s to assess the hydrocarbon potential of Lake Rukwa defined the structure and stratigraphy of the Rukwa Rift Basin using gravity, seismic reflection surveys, fieldwork reports and drilling of two exploration wells, Ivuna-1 and Galula-1, by an Amoco led JV, which have provided valuable information about the geology and stratigraphic control. Helium was not measured during the drilling of Ivuna-1 and Galula-1.
Whilst there are more shares since this was written to offset the price of helium has exploded.
Rukwa follow-on – There are several follow-on prospects that would be derisked in the event of positive drilling results (even possibly in the case of a non-commercial well) – we do not currently include any value for these but to give a sense of the scale, there is in total 138bcf of unrisked resource on a P50 basis; on a risked basis this equates to ~14bcf, which at US$50/mcf NPV would be worth US$700mm.
Top link https://www.helium-one.com/investors/analyst-research/
Seep gases from the Rukwa Rift Basin are dominantly comprised of N2 and He, with >90% N2 concentrations, high 4He concentrations (2.4 – 6.9%) and radiogenic He isotopes (0.16 – 0.20 RA). Seeps in the LHS - located between RRB and RVP - are characterized by little-to-no N2, high CO2 contents (72 – 84%), relatively low He contents (0.008 – 0.15%), and higher 3He/4He (0.95 – 0.99 RA).
A boatload of 3He/4He would set this place ablaze
i only have 3 people in the bin and what a great thing it is, problem is all i'm seeing now is a load of green lol, looks like the 3 **** are hard at work, as we tick up i expect to see more green action. that js numpty he comes across the same as that richard fella, the one that plagued this place, manic ramper, lost a fortune, and funnily enough another who didn't mind openly admitting it. lol. they are all here.
Negotiations tend to focus around, and favour, those with the strongest hand. HE1 need financial and logistical support, the whole word needs natural helium/hydrogen. I would expect a deal to strongly favour HE1 and their shareholders.
Https://tankterminals.com/news/progress-stalls-on-shell-equinor-42-billion-lng-project-in-tanzania/
As the world’s energy system is slowly transitioning from oil and gas
That comment I found interesting because without doubt helium and hydrogen will play a massive part the transition
In my opinion, I have not seen 1 ramper at it here, in fact the opposite.
Those that have bought shares are naturally hopeful/positive like supporting a football team and refusing to sing, what’s the point of that. The information posted by investors/traders has for the most part been factual, with a ton of supporting hyperlinks.
Where are these 50p tomorrow posts, based on nothing? I don’t see them.
On the flip side those of a negative persuasion they never got beyond, ‘I think’, positing nothing of fact (I haven’t seen a single one) just trying to make their unsubstantiated guesswork sound believable.
Imagine what this place will be like when we get over 10p lol.
We combat by positing factual information, constantly so new investors can see for themselves what is going on.
It is even mentioned on the company's official LinkedIn page. Imagine how torn up inside a person must be to go without sleep and that was the best line they could come up with. A 10 for effort but unfortunately 0 for originality.
Here, our #HE1 CEO Lorna Blaisse, catches up with @DonaldLeggatt from @_focusIR_ to outline the path to commercialisation for our #helium discovery
https://www.linkedin.com/posts/helium-one_he1-helium-activity-7166365237963661315-vNxh/
Joe, I get you being angry with Neil, he bubbled you up talking about your massive losses at AMTE, played with you perfectly, and you couldn't handle it. Look around, Neil is no longer here, so either get yourself mobilised ha-ha or at least start coming up with something decent to build your attacks on. Currently all you're doing is displaying the symptoms of someone emotionally and mentally fallen apart, anger is not your friend, boy.
Joe, you posted when you sold out here, dummy, lol
I would say go back to the AMTE board but looks like Neil has taken care of you there.
You're not having a good day are you Boy, still always tomorrow who knows you may get a call to demob ha-ha
Post history is a marvelous thing, hey boy lol
Joe bailed ages ago, no wonder he's smartin lol
Sold in increments actually
Hard to offload a large holding when the SP is taking a dump
I got out in the green, so happy days
Absolutely, it's a game-changer. We're looking at helium concentrations up to 4.7%, which positions us as a world-class helium source. Considering commercial viability in other projects starts at just 0.5%, and ours is pure helium without hydrocarbons, it's a monumental achievement. This could potentially make us one of the largest primary helium sources globally.
Here, our #HE1 CEO Lorna Blaisse, catches up with @DonaldLeggatt from @_focusIR_ to outline the path to commercialisation for our #helium discovery
Lorna Blaisse, CEO, said the results from the down hole well testing have clearly confirmed the presence of a producing helium province in the Rukwa Rift Basin, where it currently holds 12 prospecting licences.
“Helium prices are at all-time highs with a number of commentators reporting helium spot sales at between US$2,000 and US$3,000 per mcf. Naturally, we are keen to sell helium into this market as soon as possible”
Joe90 our very own driller who has no idea what reverse circulation is, good god, you couldn’t make it up. Neil had his number right from the start lol
Suck on these apples Joey boy
Stephen Gunnion (SG): Can you tell us about the significance of the helium concentration found at the Itumbula West-1 well?
Lorna Blaisse (LB): Absolutely, it's a game-changer. We're looking at helium concentrations up to 4.7%, which positions us as a world-class helium source. Considering commercial viability in other projects starts at just 0.5%, and ours is pure helium without hydrocarbons, it's a monumental achievement. This could potentially make us one of the largest primary helium sources globally.
Joe, genuine investors doing p1ss over their own investments, you know that the same as everyone else here. Because of that we can all see you dont hold here, you sold out at a loss a long time ago and rather than moving on, you turn down offshore work just so you can provide us with your amazing market knowledge.................... get real boy and grow up lol