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Could you give one example of false and misleading information I have posted?

Why would you post all these pages of stuff on a discussion board if you don’t want to discuss it?

The helium output from the extended testing at Itumbula was around 0.033% by volume. That’s ten times less than the 0.3% viability your quoting for a natural gas well (it’s 5.5% in the 6% of raw gas liberated from the 15,000 barrels of water not 5.5% of the well flow). And that’s without the value of a natural gas well. That’s why they now need to prove up a gas water ratio closer to the 25% they modelled for the feasibility study.

Seriously Toffers, why? I don’t get it. You copy and paste your pages and pages of posts more than a dozen times a day and you don’t want others to post on a public forum. It’s a bit weird.

Note LSE Chat Rule 5(m) - You will not restrict or inhibit any other user from using the boards.

Triple - the EPS timeline was all set out in the feasibility study and reproduced in the CPR (see below). After proving up a gas flow model, targeting the five well locations, and raising the necessary capital, this was presented as roughly a 9-12 month process from start of drilling to pilot plant commissioning (drilling originally planned to start in Q4 last year).

"Helium One has advised Sproule ERCE that FEED studies have been completed to define the production facilities, with a number of options available on sizing, capacity, and cost. Helium One has also advised that this included engagement with equipment vendors who have provided quotations and timeline for delivery. The development schedule provided by Helium One assumes start-up in Q3 2026.

Five production wells are planned for the EPS, with drilling to commence in Q4 2025. Helium One has advised that there is an onshore drilling rig ready to deploy, and that each well would require 4 to 6 weeks for sequential drilling. Sproule ERCE considers this a realistic estimate for drilling time based on onshore drilling benchmarks. On this schedule, all five wells are expected to be ready before the EPF comes online in Q3 2026.

The inlet capacity of the EPS is stated as 600 Mscf/d of inlet gas, and 100 mmbbl/d of inlet water..." (helium product yield 4.591% of inlet gas by volume)

The EPS is a very good plan, once they can prove that they have an appraisal well that is flowing sufficient gas to feed into a processing plant. It would allow them to start being a producer fairly soon after they had the first five wells drilled and the capital raised. It's a similar model to the Colorado project, just with a different processing technology. It does not allow Songwe to "start being a producer almost immediately". That's a misunderstanding or a misrepresentation.

Delusional in what respect? I try to avoid anything that's no evidence based. What do you consider to be the delusion?

Isn't this assessment precisely why Galactica looks like an attractive proposition for an offtaker like Linde or development partner agreement while Rukwa presents more of an early stage prospect for risk capital? Galactica has helium production and processing, is just starting its lifespan with expansion potential, has great strategic location in the USA, and future onsite liquefaction potential. All of those factors remain contingent in Rukwa but hopefully will develop over time.

I think that's the point I was trying to make. The board has been flooded with AI generated filler text for weeks with very little attention to prompt engineering or fact checking. I was just illustrating that by turning it on discussion sentiment for fun, as I said.

I’m not short on HE1. I’m expecting lots of positive news from Galactica while there’s a gap in news from Rukwa, so overall it’s a positive in the near term for me. I have enough shares and won’t be adding to them. If there’s any news of an imminent risk to my capital then I’ll sell them again and wait for stability to return before buying them back. It’s a simple enough approach but it avoids losing money, which is an occupational hazard on AIM.

Strictly just for fun and with no scientific basis, here’s an AI summary after analysing discussion forum sentiment versus factual market information.

What Forum Sentiment Actually Tells You:

Even though forums can be unreliable, they reveal how the market is positioning itself.

Current sentiment pattern around HE1 generally looks like: Sentiment group - Typical view

Long-term holders - waiting for commercial flow proof

Momentum traders - trading drilling updates

Skeptics - expect further dilution

Optimists - believe Tanzania is a major helium basin

This mix creates large volatility but persistent speculative interest.

Risk–Reward Including Forum Sentiment

Upside case (forum-influenced)

sustained commercial flow rates

resource estimate confirms large basin

financing partner appears

Retail investors believe the stock could move several multiples higher.

Base case (most realistic)

intermittent drilling news

funding rounds

gradual derisking

This produces volatile but uneven upward progress if results stay positive.

Downside case:

flow rates disappoint

development costs too high

dilution accelerates

the stock could fall sharply.

The main source of learning material for AI language models discussing HE1 is from this forum so the same claims get recycled unless you bother to construct exclusionary prompt engineering. The style and formatting is clearly AI LLM anyway.

Yes, I just meant the fieldwork is on hold subject to preparation of a new work plan and co-financing decisions. I’m sure they’ll be working hard on the new forward plan in the meantime.

To be fair, I probably hold more shares than you do but that isn’t relevant to having a discussion. Galactica is a good news story with lots more good news due imminently, first gas sales confirmation, BNL completing their subscription offer, CO2 processing coming online, more tie ins, infill drilling. Rukwa is on hold pending a plan for further appraisal work to try and prove up bookable reserves, hopefully with a farm in partner. That’s where we are, advancing one step at a time.

Sorry that was for Stan 😊

With respect Alan, either you or your AI is confusing ‘prospective resources’ (denoted U = unproven) from several years ago before any drilling, with ‘contingent resources (C), or ‘proven reserves’ (P). At this stage of appraisal in Rukwa there are U and C resources but not P reserves.

You’re just reposting without thinking. The processing plant in Galactica progressed after the confirmation of proven reserves and the flow testing of seven initial production wells, not before. Building a Rukwa pilot plant (EPS) is also contingent on proving reserves and flowing five initial production wells. HE1’s farm in to Galactica was early stage, after proving reserves but before drilling production wells. The Rukwa farm out would be earlier again, after discovery but before proving reserves.

That’s impressive as the shares weren’t listed seven years ago.

Seriously Triplestar, production wells and plant in Colorado followed the logical sequence of discovery and proven commercial flow rates from State 16. There’s a well developed plan for processing development in the Rukwa too, if and when that contingency is needed, but no one is building a processing plant until there are proven reserves. It’s the proof of reserves unlocks asset collateral and financing options for an investment decision. In Rukwa it’s slightly more protracted as they need to prove the reserves and then prove the innovative processing technology with a pilot plant before making a final investment decision (FID).