Member Info for blissful

'We are excited by the results of the 2021 exploration drilling campaign which, although stopping short of flowing gas to surface, has produced significant information enabling Helium One to define a two-track exploration route to develop Rukwa towards discovery.'

Olderandwiser.

You need to read the RNS 26th August 2021.

https://polaris.brighterir.com/public/helium_one/news/rns/story/rdg1v8r

There is a rumour they will go back and finish this one.

The reaction was similar with MOU-1 when punters were unsure if it was a success or failure, no please in the RNS. This time no 'gas' except for MOU-3.

The delay in testing is not helping very much, I thought all the equipment was there and we had a green light.

There appear to be more buys than sells yet the sp is falling! Is there a large seller in the background?

Have they relinquished the drill or will it try again a MOU-2? Uncertainty is never good.

The rig will arrive soon enough and I expect a drill team is coming together as we speak. The what to doo, sit and twiddle thumbs? Not likely, and the rumour from the Masked Trader could turn into a fact. The sp will ump on that.

'#HE1 There's a rumour (might just be that, but there's no smoke without fire) that they're thinking of doing a shallow drill first to try and prove up the initial Tai drill that they were confident in and then do another one on top of it..

It's very feasible, on completion of drilling in 2021 they said, ' Helium shows within the deeper and thicker sandstone units of the main Karoo reservoir were not able to be logged due to poor and deteriorating hole conditions.

-- Results of Tai-1A to be evaluated and incorporated into our ongoing exploration strategy which may include re-drilling of Tai to test identified targets'.

https://uk.advfn.com/stock-market/london/helium-one-global-HE1/share-news/Helium-One-Global-Ltd-Completion-of-drilling-Tai-1/85803627

Something new every day! Great to see they care about investors.

https://twitter.com/Heliumone1?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

From The Masked Trader:

The Masked Stock Trader

@ProAIMTrader

#HE1 There's a rumour (might just be that, but there's no smoke without fire) that they're thinking of doing a shallow drill first to try and prove up the initial Tai drill that they were confident in and then do another one on top of it.

That would make a lot of sense, if true.

The Masked Stock Trader

@ProAIMTrader

·

1h

IF that's the case, that would be mid/late August.

#HE1 I think there's more going on here than the official timelines suggest.

Worth another read from the company's website;

'The exploration programme undertaken in 2021 involved acquiring ~400km of 2D seismic and the drilling of two wells (Tai-1/-1A and Tai-2). This has provided proof of concept and has enabled the Company to reduce the exploration risk in the Rukwa 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.'

I don't know but it could be absolutely massive.

'The Rukwa project is located in southwestern Tanzania within the Rukwa Rift basin which occupies the western branch of the East Africa Rift System (EARS). The Company currently holds 12 Prospecting Licences, covering an area of approximately 1,898km2.

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.'

https://www.helium-one.com/projects/rukwa-project/

I think a lot of people will want to get in due to FOMO and this should carry it to 20pish before spud. Then there will be top slicing but let's not forget Helium is worth 50 times more than natural gas so the prize is huge.

Added to that, we have our own rig so can drill away to our hearts content... I topped up twice today.

Expecting the sp to take off like a rocket as September draws near!

'Priced at up to 50 times the price of liquefied natural gas (LNG) in liquid form, helium is essential to many modern applications as an element in high-tech products such as computer and smartphone components, MRI systems, medical treatments, superconducting magnets, fibre optic cables, microscopes, particle accelerators and space rocket launches.'

https://www.gasworld.com/story/noble-helium-secures-new-drilling-rig-to-proceed-with-major-tanzania-project/

Here is a link to Lorna's interview a month ago for those who missed it or want to recap.

https://www.youtube.com/watch?v=z7ACYwKbfvI

Correct bigbench, this will probably end blue if the mms have kicked enough stop losses and have plenty to sell.

From RNS June 20th 2023.

Block XX: The Company continues to target having everything in place to get the Heron-1 well onstream as soon as the land issue is resolved by the government. Pumping, downhole completion and power generation equipment and power control systems are now all in country and ready to be mobilised and installed at Heron-1. Production tanks have been sourced from PetroChina. These second-hand tanks offer a cost-effective solution to achieve rapid production start-up and have passed non-destructive testing to confirm integrity and suitability. They will be relocated to the production site where installation fabrication and electrical work is planned once access to the production site is obtained. The Company and MRPAM discussed with PetroChina Daqing Tamsag, the operator of the Block XIX exploitation area and facilities located immediately north of Block XX, options to process, export and sell Heron crude during the initial phase of the Heron development.

Negotiations with DQE Drilling (DQE), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling and completion programme is in the final stages of discussion. The contract envisages a reduction in drilling, testing, fracking and completion costs compared to the previous drilling campaign and includes some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract once finalised will require MRPAM approval and discussions have now begun. The cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related.

Calling someone a liar is not very nice, perhaps you should retract that statement. No one can guarantee anything, that is something most of us realise as there is so often a reliance on others. A lie is something deliberate with the intent of misleading others. MB has never intended to mislead anyone.

Https://www.malcysblog.com/2023/07/oil-price-touchstone-petrotal-angus-hunting-petro-matad-prospex-and-finally/

'Thank goodness for that, I was half expecting never to see the certification on Block XX, this is good news indeed.'

Read the presentation LesMouches and you will see how Heron will be funded.

LesMouches. Yet there is an extraordinary demand for flying and importing goods from places like China who are getting back into gear after Covid and need plenty of oil. Heron is on the Chinese border, even using second-hand tanks to put the oil in from a Chinese oil company.

Oil is not the main problem the world faces, countries like Russia are.

'In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.

The certification of Block XX as special purpose land gives the Company the legal right of access to the entire area for the purpose of hydrocarbon exploration and exploitation.uction likely to start up any time changes this company at long last. '