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Regarding mixing. We know peak he was 9.2% and peak GWR was 0.8. Given these figures we have 2.7x the baseline result. As we have know there was mixing who is to say if the basement values are these or greater, as these values could still be with some mixing.

What was missing inho was an estimate of the mixing percentage and knowledge of the pure aquifer data. With this data an estimate of the basement data can be achieved. I think he1 and any potential partners will have much better understanding of this. Time will tell.

@kread what you have to remember id that he1 did not get proper isolation of the basement to the aquifer. Additionally I think they ran the pumps at 75% capacity to guarantee uptime for the test. Resolving these issues will make a BIG difference to the results.

Helium extracted in esp test

Bpd x he concentration x GWR x barrels to cubic feet conversion x days

15000×.054×.05×5.7×20 = 4617 cubic feet, or 4.6mcf

I know there are allot out there who don't like the fool, but it does have an impact.

https://www.fool.co.uk/2026/02/20/the-red-hot-helium-one-share-price-has-exploded-43-in-a-month-whats-going-on/

HE1 should have a fair estimate of the mixing of the aquifer and the basement. This data will be critical to help evaluate what the target he and GWR values that could be achieved. I think that it is slightly disappointing that the well did not produce values that show clearly what can be expected, but with the right well with a reduced mixing then the results can only get better.

With the insight from this test and a new test well I think we will see much better results in due course. Obviously there is an element of risk with each well , but I'm hopeful that the understanding of the geology has greatly improved on the last RNS which should reduce this risk.

Reading the paragraph "3.5.1. Liquid Production Rate" in the CPR I think it is slightly ambiguous. As I said I may be wrong, but I have not seen the modelled production rate clearly stated elsewhere.

Here is my analysis as a layman for the latest RNS against the CPR. Using the data for the GWR and helium concentrations I will use the formula to calculate the relative effectiveness against the P90 and P50 cases.

( RNS he% x RNS GWR) ÷ ( CPR he% x CPR GWR)

P90. (0.054×0.05)÷(0.033×0.04) = 2.04

P50. (0.054×0.05)÷(0.052×0.25) = 0.20

So in this we are twice as good as the P90 case but only 20% of the P50 case.

As the pump and seal were not placed in ideal positions the basement and aquifer mixed. (To what extent we do not know). Assuming the peak can be achieved consistently with correct placement then we have:

P90. (0.092×0.1)÷(0.033×0.04) = 6.97

P50. (0.092×0.1)÷(0.052×0.25) = 0.71

So in this we are seven times as good as the P90 case but only 70% of the P50 case.

Regarding the contingent resources we need to consider the rate of extraction. From the CPR we have

"Helium One models a low case at a lower initial liquid rate, 12,300

bbl/d, which decreases with time (Figure 3.13), with which Sproule ERCE agrees."

The last RNS stated that the consistent rate was 15,000 bbl/d. So it is possible that the figures above could be increased by about 22% (15000÷12300). ( It is likely tham I am wrong about this assumption) This would give the range of P90 (2.49 to 8.5) and P50 (0.24 to 0.87)

I assume the "whale" could continue buying stock up to the 30% mandatory take over mark, before their ownership is made public. Maybe this day will be interesting also?

Https://www.thearmchairtrader.com/uk-shares/helium-one-keeping-dreams-alive/

Mcap £78m. This share is still too cheep IMHO. I'm sitting on my shares for a while yet. GLA

What we can defiantly say is that someone out there with market knowledge thinks the share are worth at least 1p. They may have swallowed up all they want or can afford at the moment, but the marker is still there.

@MCNol Carry on with the updates. Its been a wild ride this morning!

@CrustyPete that's how I read the RNS. I think they will look to other wells so they don't need to drop an esp as low down to get higher concentrations.

Thanks @Blubay . I think I have learnt to take most of the posts on this BB with a pinch of salt. In this share I have lost enough to make many queasy. I'm now also in the category of doing the same with the profit. Hopefully my exit from this share will be better timed than my entry. I don't think skill has had much to do with my success, and some time soon I will move my holding to more stable / diversified shares. I think my exit will be before April / May, but it could be anytime.

I believe max mcap has been £175m. Currently this would equate to a sp of 1.88p

I've been a slow learner on this stock also. I bought in June at 0.85p then increased my stake during the cln phase. Unfortunately I massively underestimated how low the stock price could go. I ended up all in with my entire pot at 0.64p average. The last 6 months have made me wonder about my sanity as at the lowest point I was looking at a loss of 50%. Currently I'm up 21% and I think there could be more to come.

As yet I have not set any any sell limit orders, as this stock is very volatile at the moment. Time is ticking for the next Tanzania RNS. Let's hope it is as good or better than expected! GLA

@MCNol they may overtake my stake soon! 52m up £100k today. 🚀

Apologies for auto complete. Single should be since

Are we on track for the highest close since August 27th. Anything above 0.48p will do!

We are all waiting with baited breath on these esp results. In a daydream I wondered is the results were so good that they thought they should double check them before any announcement. ,🤔

On the other side of the pond we should have received an update on production rates? Personally I am not bothered too much about sales data, but rather how fast can they extract the gas currently.

Additionally should we be looking for an update on the CO2 facility. Does it work? Even if they just vent the gas it would be good to know that it works and they have produced food grade gas.