Member Info for blissful

I don't see any RNS regarding directors' buys around then. They did buy a few on 14 Dec 2022 (All of the directors and some management of the Company have indicated an intention to participate in the Subscription up to an aggregate amount of approximately GBP100k (approximately US$124k). Yet only a few were bought, nowhere near the amount suggested of £100k, more like 100k shares at 5p a share!

Helium One is a different beast with their own rig this time, the previous one was not suitable, simple as that so results were never verified. Still high risk but I doubt holding for a rise until spud will bring in much, if any, gain as the mms are kept up to date by those wishing to do exactly that!

----------------------

Rukwa hosts independently verified (SRK-2020) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138Bcf, making this the largest known primary helium resource in the world. Helium concentrations up to 10.2% He have been recorded in surface seeps, representing incredible high grade compared to typical values of 0.1-0.3% associated with hydrocarbon by-product production. An extensive multispectral satellite spectroscopy (MSS) seep study over the basin in 2021 also confirmed the presence of these known seeps and has aided our exploration efforts with identifying potential new seeps and understanding helium migration through the basin.

The drilling of the Tai prospect demonstrated a working helium system and indicated the presence of good to excellent-quality reservoirs, thick sealing units and helium gas shows at multiple prospective intervals. The next drilling programme is designed to prove a discovery at Tai and propel Rukwa into a feasibility and development stage.

https://www.lse.co.uk/ShareChat.html?ShareTicker=HE1&share=Helium-One

I have written to the directions asking them to show more support by buying shares. I have more than any them!

Ian Stalker had over 11 million but the others need to show they believe in the company.

Russel Swarts 100,000

Sarah Cope 212,524

Nigel Friend 100,000

James Smith 140,000

Robin Birchall 40,000

Lorna Blaise 0

taken from, https://www.lse.co.uk/DirectorsDeals.html?shareprice=HE1&share=Helium-One

You can remind them their support would be appreciated by sending them an email - info@helium-one.com

I think maybe this morning's article in This is Money by Alastair Ford has contributed to some buys with more on the way as people check it out.

Here's the link again for anyone who missed it:

https://www.thisismoney.co.uk/money/investing/article-12357303/SMALL-CAP-IDEA-Helium-One-likely-turning-point-buying-drill-rig.html

Helium One

Helium One (AIM:HE1), which holds licences in Tanzania highly prospective for helium, one of the world’s rarest and most important commodities, has long tantalised the markets. But with drilling due to start this September, this prospect has shifted sharply into focus.

The company holds 18 fully-owned prospecting licences covering more than 4,512 km2 in three project areas at Rukwa, Balangida and Eyasi. Rukwa is currently the most significant, with a Best Estimate Un-risked Prospective Resource of 138 Bcf, potential outcomes ranging from 30 Bcf to 521 Bcf. Helium concentrations of up to 10.6pc have been recorded in the field’s surface seeps, well above the grades of around 0.1 to 0.3pc yielded when helium is produced as a byproduct from hydrocarbons. Eyasi and Balangida are at earlier stages of development.

HE1 says Rukwa’s P50 resource of 138 Bcf has the potential ‘to supply the entirety of global demand for over twenty years, or 10-15pc of global demand for more than a century’, a projection backed by academic research drawing on sample data collected from all three project areas. The study indicated that the ‘Tanzanian East African Rift contains most, if not all, of the prerequisites for an economic helium province’. Helium is essential for a wide range of cryogenic, scientific and manufacturing processes.

HE1 began its maiden exploration programme at Rukwa in 2021, drilling carried out on the field’s Tai prospect indicating ‘a working helium system’, with quality reservoirs, thick sealing units, and helium gas shows at multiple prospective intervals. But in July HE1 supercharged its prospects – and share price – with the successful acquisition of a drilling rig. The rig, which is currently being mobilised, will be used to drill Rukwa’s Tai-C well with September as a target spud date. Rig ownership provides a platform that will enable the company to move quickly into an appraisal phase, which if successful will allow accelerated exploration on the Rukwa, Eyasi and Balangida projects.

Despite Rukwa’s evident promise HE1 has long been something of a speculative venture. But with the mobilisation of a rig the company is now a prospect which can be measured by something other than aspirations. HE1’s fast evolving story is well worth following this year. The company’s share price at the time of writing was 8.74p and its market cap £72m.

https://total-market-solutions.com/2023/07/does-lower-inflation-mean-better-times-ahead-for-small-cap-investors/

Someone sold 500,000 and 533,722 early on at 8.27 so seller still at it. 1 m was probably a sell as well. Hence the sp is down.

But at least they have hard hats in case something unexpected falls from the sky! Lovely surface except where that man has just walked over it and ruined the finish.

Photos can be deceptive and I am no expert but the pad looks about right, the rig etc has to fit on it. I guess the compound will fill up with portacabins, tanks and all the other drilling paraphernalia.

Thetriplestar/gogsthelegs. What makes you think it is a production ready pad?

You really are a de-ramper, aren't you? ART123. Either get on board or please jog along. Checking out the rig was an obvious thing to do, it was the subject of a legal problem, when that was resolved it was up for sale. Do your own research instead of asking de-ramping questions.

ART123. They are funded for the drilling but may need extra for a second well (and will need extra funds if and when a discovery is made). This is already in the public domain, here:

'The company is fully funded for the planned well, following a £10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes.' - Lorna Blaise (20/07/2023). Please do you own research and stop scaremongering to get the sp down so you can buy in.

I presume the roadshow is to garner support, and future cash if necessary, from the institutions. At the same time showing one and all this is the play of 2023! For us, it should ignite the sp.

1.

The Masked Stock Trader

@ProAIMTrader

#HE1

I've been on the phone all afternoon with people who were either at the roadshow in the city this morning, or with people who know people who were there:

Main points:

- There's no plan to raise fresh equity before any discovery.

-Loads of PR being set up for August.

2.

The Masked Stock Trader

@ProAIMTrader

·

2h

#HE1

The trucks for the drill rig are now on-site and being unloaded.

They're planning on spudding very late August/early September.

Drill team expected to be finalised in the next week or so.

Drilling pad is all poured ahead of schedule and curing.

3

#HE1

The final long lead items are on-site.

The camp is all sorted and the firm are working very closely with the government re. logistics.

They reckon one well should take ~2 weeks to drill and one week to appraise on a discovery.

Https://twitter.com/ProAIMTrader

Blastoid7. I don't use tea leaves I'm afraid but I do use the Moon, Mercury, Jupiter and Uranus as they are often indicators that something is afoot and so far they are proving correct on all three. Tomorrow looks auspicious for something but that could actually be unconnected. We shall see.

I have had Thursday 27th down for good news for either HE1, PRD or MATD for a couple of weeks now.

A second well - I love it!

Too, in Rukwa, although Tai has consistently been identified as the lowest geological risk and highest chance of success. Nevertheless, the titillating prospect remains that there could be even more helium under licence at Rukwa than even the competent person’s report modelled.

But one thing at a time.

The key is to get cracking at Tai-C, and see how things develop from there.

If a discovery is made, investor interest is likely to be huge and the potential for a re-rating very high.

After all, the global demand for helium is at an all-time high, and Helium One is the primary helium explorer in Tanzania. Almost all the other helium that gets produced is produced as a by-product of hydrocarbons.

And if a discovery is made, how long would it take to move it to production?

The answer is: not too long. Tanzania has been a reasonably benign jurisdiction to operate in as far as Helium One is concerned, and the government is keen to secure a strategic position for the country as one of the major players in helium production.

So, changing Helium One’s exploration licence to a production licence is reckoned to be a relatively straightforward process.

Production, says Blaisse, could come as soon as 18 months after a discovery.

So this is a company that could get very big, very quickly. Watch this space

Helium One will shortly be drilling at Rukwa, and this time with its own, specialist rig

by Alastair Ford

Shares in Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) jumped by not far short of 100% early in July after the company announced the acquisition of a drill rig.

Ownership of the rig will allow the company it to set its own terms when it comes to drilling the potential huge Rukwa project in Tanzania later this year.

“Everybody recognised the challenges we faced in Tanzania getting an oil and gas type drilling rig,” says Lorna Blaisse, who was appointed chief executive of the company in February.

The rig is due to arrive at site shortly, and the expectation is that the Tai-C well will be drilled in September.

The most obvious difference between this rig and a mining rig that was used before is that it is much more powerful.

Mining rigs are primarily designed to bring up core from large ore bodies in competent rock, which means that the borehole diameter is a much slimmer design. Conventional oil and gas wells are drilled with a wider borehole diameter, as they typically drill through softer rock, and a larger hole diameter is required to improve wellbore stability.

The new Helium One-owned rig will drill the target reservoir section in standard 8.5inch hole, as opposed to the 3.5inch hole drilled in the previous round of drilling. It is a larger rig with a top drive system and, can therefore drill more efficiently.

The new rig is capable of drilling down to depths of between 2,000-metres and -2,400 metres, although the Tai prospect that Helium One is aiming for is reckoned to sit at around 1,200 metres.

The plan is to spend 30 days drilling, including logging and down-hole sampling, and then to wrap it up and assess the results.

All told, the results are likely to be far more conclusive.That will make a nice contrast to the earlier round of drilling, which lingered on for months as the company grappled with various issues associated with the mining rig it was using.

That work includes upgrading access roads and placing a camp close to the wellsite. But it won’t take long.

The company is fully funded for the planned well, following a £10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes.

“The Tai-1/-1A well was very encouraging, although we weren’t able to reach our total depth nor run a full set of wireline logs. We did have shows, but unless you’ve got wireline log data to determine pay zones, then you’ve no way of quantifying your results

The expectation is that this time round the drilling work will be far more definitive.

And if, as Blaisse hopes, Helium One does make a discovery, the potential scale is likely to be very significant.

At the end of May a competent person’s report reckoned that there might be as much as 2.8bn cubic feet of helium at Tai alone, an amount that equates to around half of the current global demand.

There are other prospects

This board is becoming childish, it's supposed to be about PRD, not calling people names like kids in an unsupervised school playground. Could we please move on now.