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“By combining our understanding of helium geochemistry with seismic images of gas trapping structures, independent experts have calculated a probable resource of 54 Billion Cubic Feet in just one part of the rift valley.”
https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find
This is from 2016!
“By combining our understanding of helium geochemistry with seismic images of gas trapping structures, independent experts have calculated a probable resource of 54 Billion Cubic Feet (BCf) in just one part of the rift valley. This is enough to fill over 1.2 million medical MRI scanners. To put this discovery into perspective, global consumption of helium is about 8 BCf per year and the United States Federal Helium Reserve, which is the world’s largest supplier, has a current reserve of just 24.2 BCf.”
https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find
Noble’s drill results
Mbelele sample calculated free-air composition of 2% to 3% helium
Mbelele-2 wireline logging and sampling program successfully completed
Excellent reservoir parameters and flow potential
Total net reservoir thickness of 163m, a 243% increase over pre-drill estimates
High mobility, representing very high flow potential similar to Mbelele-1
Mbelele-2 cased and suspended for future flow testing
Focus to now shift to appraisal and early monetisation
https://www.energy-pedia.com/news/tanzania/mbelele-2-results-provide-further-evidence-for-north-rukwa-as-a-new-helium-province-193508
Neil, why don’t you just enjoy your holiday in Greece? If you are there with a partner or family, I pity them! One lone poster is not going to change the direction of travel for any share. You’ve heard of macro-economic factors? Well war is one of them.
GLA
On 4th December 23, Noble Helium announced indications of a prolific find in Mbelele
https://www.investi.com.au/api/announcements/nhe/d66ce27a-168.pdf
Can anyone explain the subsequent share action? (Because if certainly doesn’t appear to have been transformational!)
https://uk.investing.com/equities/noble-helium
“During the TSP process, the Company continued to serve its existing customers and secure contracts that will bring in additional revenue during the coming years. “
Would have been nice to have heard more about these contracts!
Ok, this is from 2019, but certainly shows that Tanzania will be on board
When Helium One comes online, provided of course the drilling stage confirms previous estimates, the production looks set to shock the global market!
https://african.business/2019/05/economy/tanzania-could-become-top-helium-producer
They knew five years ago!!!
Our political leaders are really out to ruin the West aren’t they? This move smacks of Gordon Brown selling off our gold reserves but telegraphing it to the market first!
Given that YU focuses on the corporate sector, they benefit from the fact that companies large and small want to boost their ESG profiles. Installing a smart meter is therefore a no brainier, so that energy usage can be closely monitored. There isn’t the same resistance as in the private household.