Member Info for blatav1

A New Mexico processing plant which produces up to 250,000 cubic feet of He per day at 99.9999% purity (6 9s - suitable for today's most advanced AI chips -as compared to the 5 9s purity of Helix' current plant) is for sale. Given Bo's penchant for buying and refurbishing existing equipment at a substantial discount over building new, this opportuity would appear to be a good fit.

Helium market prices are actually lowering due in part to production increases

https://www.gasworld.com/story/air-products-taps-stored-helium-as-qatar-outage-hits-supply/2248419.article/

Air Products expecting prices to 'bottom' by year-end

https://www.gasworld.com/story/air-products-expects-asia-helium-supply-to-more-than-double-amid-electronics-super-cycle/2248382.article/

I think JH and Asimple have it right - there is clearly some complication impeding production/storage/spot sale progress. Historically, the company's practice has been to report issues only after they have been addressed, rather than while redress was underway. The lengthy current silence is plainly in keeping with that practice.

BS will have to update in advance of the AGM but, as in the past, will likely not do so until the day before. For my part, I am holding only - no sells, no buys. We shall see....

The GasWorld Helium Super Summit is scheduled in Houston during October of 2026. It will assemble representatives from all facets of the helium business including three of the 'Big 4' [Messer, Air Liquide, and Linde]. Reputed helium consultant Phil Kornbluth will attend, as will direct compeitors North American Helium and HeliumOne along with hardware manufacturer Chart (who contracts with Pulsar). A link to the event guide appears below - see page 4.

Notably absent from the event will be anyone from HEX in keeping with the company's ongoing policy of marketing its activities and prospects to no one. Sometimes, it genuinely appears as though this company goes out of its way to avoid, rather than to engage, investors and offtakers.

https://www.yumpu.com/en/document/read/71089813/event-guide-gw-houston-27/1

Wonder if Air Liquide was the unidentified offtaker of US Energy's helium output.

https://www.gasworld.com/story/air-liquide-project-backlog-hits-record-e5-5bn/2248032.article/

Yes, I did mine.

Thoughtful and valid criticism.

US volume definitely deficient, but much of that is war-related (sensitive/fearful capital remains on the sidelines). As stated by others, the war's continuation ultimately benefits the company by exacerbating the shortage, inhibiting the Qatari re-start, and increasing market size (US military will need more product to replenish missile and rocket stockpiles).

Having said that, the marketing campaign here in the US has been decidedly modest, with Pulsar undertaking a much more aggressive information campaign. While Bo's apparent preference for substantive advancement of the project over cheerleading will, in the long run, prove to be a major advantage, short-term price action is decidedly disappointing.

LOL!! Yes indeed.

9:40

As a Yank, I take issue with your comment. Find the appellation rather flattering, actually.

Https://www.youtube.com/watch?v=FQgQs59POlI

Sheep,

No worries! Looking forward to a superb week. GLA

Https://www.youtube.com/watch?v=ivnhiLdZTHw&t=36s

Https://www.youtube.com/watch?v=ivnhiLdZTHw&t=36s

Text of LinkedIn post:

"Renaissance Philanthropy has selected HyTerra Ltd., Helix Exploration PLC, and Prometheus Hydrogen to support a geologic hydrogen demonstration initiative in collaboration with the U.S. Air Force.

The program is designed to evaluate the potential role of geologic hydrogen in supporting energy resilience at critical Air Force Bases, including sites in Montana and Kansas. The initiative will integrate existing wells, infrastructure, and subsurface datasets to generate field-based data on hydrogen production, storage, and delivery.

- HyTerra is expected to contribute active well testing, providing real-time data on flow, pressure, and gas composition under field conditions.

- Helix Exploration will provide subsurface geological data from its Montana operations, where drilling has identified indicators consistent with hydrogen systems.

- Prometheus Hydrogen will contribute storage and delivery technologies aimed at enabling practical deployment without reliance on high-pressure or cryogenic infrastructure.

The results of the demonstration will inform a broader techno-economic assessment of geologic hydrogen as part of ongoing efforts to strengthen energy resilience across U.S. military infrastructure.

The three companies were chosen from over 30 respondents across the geologic hydrogen ecosystem, including exploration companies, research institutions, and engineering firms.

Congratulations to all involved! A big win for the industry."

Tulloch video link?

Thank you, Sheep. Do you have a link you can post?

Incidentally, and apologies for the cross-post, but have you heard of Helix' and Hyterra's selections for an Air Force hydrogen test contract? If invested, check the Helix board for links.

Here's the writeup

https://www.renaissancephilanthropy.org/insights/chimaera-partner-selection

Iran has not control over, and does not decide, the status of the Strait of Hormuz or who traverses it - the US Navy does, and thus far the US has yet to join the Iranians' hopeful announcement.

April 16 MarketWise article.

Nothing particularly new, but a very recent re-emphasis of the continuing conditions increasing helium scarcity and price:

https://marketwise.com/investing/iran-war-helium-shortage-semiconductor-ai-impact/