Member Info for Blubay

And the unnamed customer won off the back of that relationship would probably be Sika? This all looks great, on top of the assumed deal with Amazon.

Presumably the unnamed 'Top 5 global consulting firm' is Deloitte, just based on the description and their strength in procurement? That's huge if true, not only replacing their own in-house system but as a basis for recommending the solution as a preferred supplier to their corporate clients.

Investors just going to hold for commercial development at this point, and not enough implied volatility between now and then to interest traders.

I am a long term holder since March/April 2021. It's up to you when you chose to buy or sell your shares. I added a lot of shares at 0.25p, which has worked out fine. Quite happy holding at this price going into the development phase.

You think permitting five new production wells is a waste of time?

Just stating a fact, my December placement price shares are up about 400% at the current price

The SP is 100% up since the June placing price, and 350% up since the December placing price, what's your point?

No idea, but presume they have confidence in that to repeat in the RNS. Far as I'm aware, BNL's local operator uses a mobile water rig contractor based about 200 miles North of Las Animas county (just north of Denver) https://hydroresources.com/

For clarity, 1 well already completed, 2 to start before year end, 3 more in Q1 2025

Q4 calendar, as confirmed by dates indicated on two of the permits

Exactly that Pete, the Lassonde Curve

I'm not sure anyone cares if it's 0.99 or 1.02 at today's close. We're now into a game changing period of staged development for the business, so investors will be much more interested in where the SP is a 1, 3, 6, 12 months from now.

This share is sailing way under the radar considering it's potential going forward. The mcap is absolutely tiny, with significant insider financial commitment, a couple of really nice contracts, pipeline sales, projected positive cash flow within six months. I can see it might be prudent to let the painful dilution settle in before giving the impression of reaching out to new investors, but agree a nice basic company presentation on the website would be good to see. I'm pleased with the PR effort to RNS significant contracts. There'll be more to come and a lot of people will miss out on this share price opportunity below placement. Let's get to the milestone of a first month on month net positive cash flow first.

This is really good to add so quickly to the sales and development deal with Amazon. What's really promising is the success of a collaborative client focused product development strategy. Let your customers do the selling for you, within their own corporates or out to their clients. Seems to be working.

I think you're wrong, Colorado is the main operational focus for the next 6-9 months, and the company's financial future depends on its success. The current project timeline for Rukwa the design and commissioning phase continuing out to March next year, no significant operations there before then. Eeveryone assumes the ML will be awarded by the end of the year, so no big surprises there. Then they have to form an SPV in Tanzania and negotiate government participation in that. Then the SPV has to secure finance and the government have to agree the terms. Colorado now, Rukwa later.

Yes, I'd have liked HE1 to do slightly more PR lifting on the RNS key messaging beyond copy and paste facts from BNL, even the title of their RNS "Galactica-Pegasus Project Update". Compare that to BNL's ASX announcement titled "Five Additional Helium Wells Approved for Drilling".

The Colorado well permits give summary details of the well designs = 5 x 2,500 ft vertical drills, 12.25" shallow conductor, 8.429" surface casing to around 1,000 feet; 6.125" open hole from there to bottom. Looks standard enough if drilling goes to plan (assuming stability and pressure prove manageable in those open sections through Lyons formation?). Any opinions from the rig pigs on contingencies?

https://ecmc.state.co.us/cogisdb/Facility/FacilityDetail?api=07109941

https://ecmc.state.co.us/cogisdb/Facility/FacilityDetail?api=07109942

https://ecmc.state.co.us/cogisdb/Facility/FacilityDetail?api=07109943

https://ecmc.state.co.us/cogisdb/Facility/FacilityDetail?api=07109944

https://ecmc.state.co.us/cogisdb/Facility/FacilityDetail?api=07109945

I think you have misunderstood the concept Yousaf. This is a development project for commercial production. Each well produces gas, hopefully, and the more wells they can tie into the processing plant the more gas they can sell to market and the more revenue comes in. They have one well ready to produce in Colorado, once it's tied back to a plant, and they now have permits to drill another 8 wells (the first 5 funded by HE1, and the returns from the 5+1 should then fund the drilling of another 9 production wells, making 15 altogether). The parallel plan for Rukwa is a longer term project but, as far as we know, the proposal there is for 20-30 wells.

Yes, but for the first time there is a fully funded near term operational plan for revenue generation within 6-9 months. One step at a time but it is a pivotal moment in the company’s evolution.

Don’t be daff. HE1’s NOMAD is one of the MMs and they to approve the RNS