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ABOUT US

First mover in a new helium province with the potential to significantly increase the world’s helium inventory.

Independent experts have estimated an Unrisked Prospective Recoverable Helium Resource (P50) of 98.9 billion standard cubic feet for the Rukwa Project.

With numerous industrial and technological applications, helium combines a unique blend of characteristics which make it a high value commodity. Over the past 10 years, world prices for bulk liquid helium have increased by an estimated 106%, or a compounded annual growth rate of 7.5%. New applications for helium are expected to further intensify demand, further highlighting the strategic value of Helium One’s assets, which have demonstrated their potential to host large volumes of helium at exceptional grades.

Should have said if the results are has good as they think they are.

May not need a fund raise if they farm out to a big player. But if there is a fund raise I think with what they have the market will like it. If they can get out the results from that third party who are checking the helium results and logs, the price should move up which will help in any fund raise if they need one.

The Joint Venture will P&A the Hickory-1 well with any future appraisal and/or development activities at this location being via a long horizontal production well. The rig and associated services are expected to be off-location within the next ten days. It is anticipated that the flow test will be concluded at an estimated cost of circa US$14.5 million gross, due to the additional length of operations.

I had to put 6 trades in to get the volume I wanted

That said I will speculate that 88e in their enthusiasm to produce a good looking oil flow number, over produced in their testing, which would cause more gas flow than a normal conservative flow test program, thus pushing the measured GOR to this extreme.

What kind of statement is that ( over produced in their testing, ) the well free flowed as it says in RNS

Was a buy, I just topped up and it is showing has a sell

We all have no idea what will happen if the next test is ok. Nothing to stop them flowing them together from horizontal wells. That would in my opinion be thousands of barrels a day. But like everyone else I am just guessing what might be.

Olderwiser, only posts what he wants you to see, he never posts the interesting pieces from the RNS such as.

The well produced at an average oil flow rate of approximately 42 bopd during the natural flow back period, with instantaneous rates ranging from approximately 10 - 77 bopd with average rates increasing through the test period. Importantly, the USFS zone flowed oil to surface under natural flow, with flow back from other reservoirs in adjacent offset wells only producing under nitrogen lift

Highlights

· Flow testing of the Upper SFS (USFS) reservoir confirms light oil discovery at Hickory-1.

· USFS flow rates achieved from low volume frac over small 20ft vertical interval are in line with expectations and results observed from other reservoirs on adjacent acreage.

The completion of flow testing in this zone and recovery to surface of light oil, in addition to NGLs and associated gas, confirms our understanding of the substantial potential of these reservoirs. Significantly, these flow rates were achieved from only a 20ft perforated section in a vertical well with a low volume stimulation over a short period. As previously highlighted, production rates in long horizontal production wells are typically multiples of 6 to 12 times higher than tested in vertical wells

Quality and deliverability of the USFS reservoir now confirmed via oil production to surface under natural flow, with flow back fluids including unquantified volume of marketable natural gas liquids (NGLs) and associated gas, consistent with tests on adjacent acreage.

You guys who are de-ramping you always miss important bits out of RNS just for your own agenda

Oil rates and cut would have likely increased further should the test period have continued.

You sound a bit like Ikhan1284, are you brothers or are you just mates. I bet you have millions of shares just like Ikhan1284. There is a rumour I heard from a friend that you know each other Just saying.

Not sure this link will work but here goes. https://www.cnbc.com/quotes/EEENF?qsearchterm=

(+5.2632%) not nearly

38,793,917 traded, up to now up nearly 5% at 0.05 = 50cents.

Https://announcements.asx.com.au/asxpdf/20240402/pdf/0622grv73brr45.pdf

Watching this hope they have it up on ASX

I will be over the moon if it is what it is believe me, but there are so many dishonest people on these boards they will do anything to make a few bob. But on reflection if there is an RNS on Asx Monday night the picture will mean nothing if the RNS is good. If the RNS is a bad one then the picture could well be fake. Just my thoughts