Member Info for BasilAlderman

Yes, the helium seep - which measured up to 10.4% - was staring at us all the time. No wonder that HE1 has branded it in the RNS as "prolific". It is therefore no surprise that the measured concentration at Itumbula West up to 4.7% helium almost nine 9,000 times above background levels. Everyone was so fixated on the Tai-1 and Tai-3 wells that they missed the Itumbula footnote . i.e. Itumbula West 1 could be even bigger than we think. 10.4% helium is massive !

The buzz is building about helium in Tanzania:

Headline: Has helium heaven been found in East Africa? With gas selling at $450 per thousand cubic feet, junior player hopes so.

Headline: Huge helium discovery ‘a life-saving find’:

A new approach to gas exploration has discovered a huge helium gas field, which could address the increasingly critical shortage of this vital yet rare element. Helium doesn’t just make your voice squeaky – it is critical to many things we take for granted, including MRI scanners in medicine, welding, industrial leak detection and nuclear energy. However, known reserves are quickly running out. Until now helium has never been found intentionally – being accidentally discovered in small quantities during oil and gas drilling.

Now, researchers from Oxford University’s Department of Earth Sciences and Durham University, working with Norwegian helium exploration company Helium-One, have developed a brand new exploration approach. The first use of this method has resulted in the discovery of a world-class helium gas field in Tanzania. Their research shows that volcanic activity provides the intense heat necessary to release the gas from ancient, helium-bearing rocks. Within the Tanzanian East African Rift Valley, volcanoes have released helium from ancient deep rocks and have trapped this helium in shallower gas fields. The research was presented today by PhD student Diveena Danabalan at the Goldschmidt geochemistry conference in Yokohama, Japan.

Diveena Danabalan said: ‘We show that volcanoes in the rift play an important role in the formation of viable helium reserves. Volcanic activity likely provides the heat necessary to release the helium accumulated in ancient crustal rocks. However, if gas traps are located too close to a given volcano, they run the risk of helium being heavily diluted by volcanic gases such as carbon dioxide, just as we see in thermal springs from the region. We are now working to identify the ‘goldilocks-zone’ between the ancient crust and the modern volcanoes where the balance between helium release and volcanic dilution is ‘just right’.’

Professor Chris Ballentine said: ‘We sampled helium gas (and nitrogen) just bubbling out of the ground in the Tanzanian East African Rift valley. 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. Total known reserves in the USA are around 153 BCf. This is a game changer for the future security of society’s helium needs and similar finds in the future may not be far aw

The real experts are very excited about the helium in Tanzania:

‘We sampled helium gas (and nitrogen) just bubbling out of the ground in the Tanzanian East African Rift valley. 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. Total known reserves in the USA are around 153 BCf. This is a game changer for the future security of society’s helium needs and similar finds in the future may not be far away.’ - Dr. Chris Ballentine is the chair of geochemistry and head of the Department of Earth Sciences at the University of Oxford.

Our CEO is equally enthused:

"We are delighted with the findings from Itumbula West-1 and the results from the down hole well testing have clearly confirmed the presence of a producing helium province in the Rukwa Rift Basin. Flowing helium to surface in such high concentrations is a huge milestone for the Company and we will now fully evaluate these results and focus on advancing this project in the most effective way possible; one that will aim to achieve commerciality at the earliest opportunity. This drilling campaign has been a huge success for both the Company and for Tanzania. We look forward to providing further updates as we fully evaluate the results and outline how we are planning the next steps to advance the project." - HE1 CEO, Lorna Blaisse.

A reminder that measured helium concentration of 4.7% equates to almost 9,000 times above background levels and we have also been informed of up to 10.4% helium (November RNS) plus don't forget that Hydrogen also flowed to surface during basement testing, at a concentration of 2.2%. That is over 37,000 times above background levels. All in all this is looking massive.

Yes, you've got to be in it to win it as they say. Mega Multi-bags do happen and are very likely to happen right here at HE1.

BOTB mega multibagged x 71 at 7,130%

GGP mega multibagged x 63 at 6,300%

EUA mega multibagged x 36 at 3,650%

VCP mega multibagged x 63 at 6,312%

ESG mega multibagged x 41 at 4,190%

POS mega multibagged x 15

PYC mega multibagged x 34

TPST mega multibagged x 39

Axsome mega multibagged x 54

NCYT mega multibagged x 100

SNG mega multibagged x 35

SOU mega multibagged x 35

AND we all saw the mega multi megabagger rise at RKH Rockhopper.

You see, mega multibag gains really do happen. HE1 is most likely going to be next with the helium and hydrogenflows they have reported at Itumbula West-1.

A 4.7% helium flow is not to be sniffed at. That is 9,000 times above background levels. The 2.2% hydrogen flow is over 37,000 times above background levels. Plus don't forget that reference to 10.4% back in November. If and when a JV is unveiled HE1 is going to join the mega multi-bag club.

Now we know why HE1's CEO Lorna Blaisse said on the record: "This could potentially make us one of the largest primary helium sources globally". i.e. 10.4% is a massive number.

Yes, 4.7% is massive anyway when 0.3 percent or more is considered necessary for commercial helium extraction. We are way above that at up to 4.7% and well over it at up to 10.4%. This really could be a huge helium discovery.

Yes, in layman's speak this equates to "We could be looking at something even bigger at Itumbula than we thought".

This will certainly be interesting JV partners, especially when you factor in that commercial helium is extracted from natural gas when the helium concentration is above 0.3%. We are up to 4.7% and could be up to 10.4% at the Itumbula West 1 well according to the HE1 RNS.

Yes, the 10.4% data was staring at us all the time. No wonder that HE1 has since announced a measured concentration at Itumbula West up to 4.7% helium almost nine 9,000 times above background levels. Everyone was so fixated on the Tai-1 and Tai-3 wells that they missed the Itumbula footnote . i.e. 10.4% helium is massive !

Itumbula West 1 could be even bigger than we think. "The Itumbula prospect is bound by one of the largest faults in the basin and this is associated with a prolific surface helium seep which has measured up to 10.4% helium and that the Company now intends to target the western bounding fault of the Itumbula prospect during the second phase of this drilling campaign".

HE1's CEO could be managing expectations brilliantly with the 4.7% messaging. Imagine if she confirms up to 10.4% helium in the coming days? The share price will go crazy. Mind you 4.7% is massive anyway when 0.3 percent or more is considered necessary for commercial helium extraction. We are way way above that at 4.7% and, well over it at 10.4%.

HE1 has been briefing about "a prolific surface helium seep which has measured up to 10.4% helium". See my previous post and footnote from the RNS. We could be looking at something even bigger at Itumbula than we thought.

This could be even bigger than we think. Back in November (20/11/23), when announcing the results from the Tai-1 and Tai-3 wells, HE1 revealed that - and I quote word for word from the RNS - below:

"The Itumbula prospect is bound by one of the largest faults in the basin and this is associated with a prolific surface helium seep which has measured up to 10.4% helium and that he Company now intends to target the western bounding fault of the Itumbula prospect during the second phase of this drilling campaign".

Everyone was so fixated on the Tai-1 and Tai-3 wells that they missed the Itumbula footnote . i.e. 10.4% helium is massive !

No wonder that HE1 has since announced a measured concentration at Itumbula West up to 4.7% helium almost nine 9,000 times above background levels. The 10.4% data was staring at us all the time.

Sure, they put out a Tweet (below) on 7th that, having been tracking them for a few weeks prior, I liked. I felt that as the SOU share price was at it's all time lowest it would be an opportunemoment to buy back in. It's proved right so far.

"Approximately 5km of production tubing and well head equipment received ahead of the next stage of the well completion operations on our gas production wells next month

#mLNG #transitionfuel #SOU"

https://twitter.com/soundenergyplc/status/1755229382451310876?t=RAtZ3oNzGfN6hzcDtCnV-w&s=19

Yes, FOMO is going to kick in soon but don't forget that it took 4 months for ARB to go from 10p to over 300p i.e. October to February for the mega ARB x 100. It took a year for NCYT to rise by its whopping x 100. "Mega Multi-Bags" do happen but they take months and not a few days or even weeks. If you are invested in HE1 for a few weeks you are not going to achieve the really really BIG gains. You need to be thinking months to replicate a NCYT, SNG, ARB, BOTB, GGP, EUA, VCP, ESG etc. HE1 could certainly be next but you need to focus on months not days.

We have helium concentrations up to 4.7% at the Itumbula West-1 well. Enough said. We await the next RNS with interest.

9p to 77p back in 2016 was a pretty good bit of multi-bag investment business in SOU, thank you! I've bought back in to SOU in the last 2 weeks to hopefully repeat my x 7 from 2016. That would be 4.5p for me this time. Very probable in 2024 I would suggest.

1. A JV will see HE1 rocket past 10p a share

2. I'm looking at 30p a share as an exit price

3. We have helium concentrations up to 4.7% at the Itumbula West-1 well

4. This is huge news in our industry when commercial production typically requires helium concentrations between 0.04-0.35%

5. Ours is also pure helium without hydrocarbons

6. Look out NCYT, GGP, ARB, EUA, BOTB etc your crown is going to be taken by HE1 as the next Mega Multi-Bagger

Yes, commercial production typically requires helium concentrations between 0.04-0.35%. HE1 is reporting that it is looking at helium concentrations up to 4.7% at the Itumbula West-1 well. i.e. This is way way way above 0.04-0.35%. Hence why HE1 is potentially a world-class helium source. Remember too that ours is pure helium without hydrocarbons. I'm really looking forward to the JV announcement in due course when we become the next GGP, RKH, ARB, NCYT Mega Multi-Bagger.

Gary Nagle,CEO of GLEN, will no doubt have Lorna Blaisse on speed dial very soon. Major helium players such as Linde, Exxon, Messer, APD, Siemens, Air Liquide, Helium24 etc will all be watching developments at Itumbula West closely with a view to a JV with HE1. GLEN won't want to miss out.

GLEN with its £47 Billion MCap would certainly be a good JV partner for our hydrogen element at Itumbula West-1. A MOU / Heads of terms announcement would certainly see HE1's share price react very positively indeed.

If they are flying the big boys in to the UK to do a licencing or M&A deal with Vlad and the HEMO team then AZ actually has an existing arrangement with SunAir for a 32 seat airplane. It flies from the UK to Sweden’s Land Vetter airport four times a week. AZ pays for 16-20 seats in each of the four flights with the others left open to the public. I used to catch this flight from time to time. AZ, as you say, are looking to grow via acquisitions both through licencing and T/O's. In summary, Money is no object with this company. If AZ want to do a deal for HEMO they will just sign an enormous licencing deal or do a partial or full takeover deal and the first we will hear of it is via a 7am RNS.