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"If He1 are in the same boat, then that means they likely will need to undertake appraisal drilling as well"
But unlike Noble they drilled both wells to appraisal spec and have not plugged and abandoned them, instead they have capped and suspended them (at additional cost) precisely so they can go back to them.
Yes, and the share price seems to be in a perfectly reasonable place to weigh those options pending further information, up 1000% from not having any discovery results, and up a third or so from the last discounted raise on that positive news. All seems good to me.
It's just idle speculation, make of it what you will. The voting/chair majority of the board came from Orca (not Orcadian). Orca develop and operate the Tanzanian gas fields. Orca is essentially wholly owned (99%) by an offshore trust (Shaymar) representing an oil and gas dynasty, with family links to Orca among other things. Among the remaining directors are LB (with links to Tullow), and Sarah Cope, who set up the O&G investment bank arm of Cantor Fitzgerald (who also have long term finance interests in HE1). Make of it what you will.
Really not very likely. It's not a good fit for them and they don't really have the infrastructure in Tanzania, or that kind of cash for a sideline business. I'd look to the connections of the other board members perhaps.
So maybe the complexity in the existing well is that they have a mixed model to work on in one hole, with some trapped gas reservoirs at shallower levels, which they might test flow by perforating, and then the underlying hydrothermal system working at deeper levels. As yet we don't know what level is fluids or gases.
Interesting. They haven't said it but steaming water may add a helium processing challenge as well as a thermal energy bonus, in addition to the complexity/cost/reward of processing the bonus green hydrogen. However, they knew what they were doing in targeting the hydrothermal carrier system so it won't be a surprise, and no hydrocarbon contamination which is the massive thing. Will be interesting to see what engineering proposals they come up with.
Came across this 2012 paper by accident, fascinating. No idea if it ever developed any commercial scale application.
https://www.science.org/doi/10.1126/science.1211694
Maybe just step back for a moment from your genuine desire to ramp up the share price and look objectively at the content of your claim. On what basis could an investment analyst possibly publish a new share valuation target of 20p for HE1 by 7 February 2024? Where did the proven reserve data on which to base this valuation come from? Have you seen it? Have you read the report?
Please stop posting this false information, which you've done several times. There is no new analyst/broker share price target rating. There is one analyst rating but it's from three years ago. If the article is new then it's referring to the old rating.
They have successfully proved the geological theory they set out to test some years ago, based on the collaborative research with Oxford university etc. That's an amazing story and a huge success, career defining for an exploration geologist like LB, very exciting. How much helium they can commercially recover from the existing well we just don't know yet. So we have a major theoretical de-risk on the whole Rukwa prospect but now waiting for information on it's commerciality.