Member Info for Blubay

"I have explained the sp drop to you as succinctly as possible"

No, you've given a false explanation. The SP has dropped because of sell on news, and because waiting is required, and further development work, which will cost time and money. All of this we knew. It has not dropped because of the flow rate or purity/concentration, which is world class in commercial terms.

"GGE are looking at increasing the flow-rate to 5mmcf/day"

Yes, 5mmcf at less than 1% helium, and HE1 already have five times the concentration, so if their re-entry work has even half the increase of what GGE are hoping to achieve they will be flying

Yes, we know this, read the investor presentations, it's all set out there. The development proposal would be to build a gas processing plan (purification and liquification) in Rukwa with collection from multiple wells. They are already in talks with potential suppliers. Capex estimates are in the presentation.

You're completely wrong and clearly have no idea what you're talking about. Even the preliminary flow rate of pure gas at those helium concentrations is commercially huge, way more than anything drilled in the US

As we've said many times, there won't be a JV until there is a comprehensive appraisal of the asset, after the EWT and any associated field testing. Partners like that don't speculate. They also don't buy second hand shares on the open market, so there won't be T-1s. That's no use at all to HE1 as they wouldn't get a penny from it. Strategic partners would get newly issued shares in exchange for capital, or they would get a percentage return against futures sales, or both etc.

Yes, entirely as expected, hugely encouraged by confirmation of free flowing gas (not brine solution) at commercial rates. Will need an EWT and further exploration exactly as outlined in LB's interview. And work in Q4 will need financing of course. We all knew this. They will be working on different finance scenarios. It's great news.

Sorry, that should be GGE

Here is an extract from GEE's market news in the USA...

"This well re-entry program produced a peak flow rate of 0.95mmcfd at grades trending upwards from .78% helium - numbers which would be commercially viable - and largely better than the USA’s largest helium field at Doe Canyon next door."

Commercially viable at 0.95mmcfd with 0.78% helium.

HE1 already has 0.5mmcfd with 4.7% helium... and that's before any re-entry programme

It's huge

If you sold on the bell and rebought you will have made a tidy loss

It's exactly what was expected and what Lorna outlined in the interview. There are commercial levels of high grade helium and hydrogen flowing freely to surface. They will now move on to the appraisal and development phase. It's brilliant, from the investment perspective, why would anyone be expecting different, other than because of nonsense put about by board rampers.

There is no market price for helium, it’s sold by private contract. It’s worth a fortune

You have no idea what you’re talking about

Barrels?

“ the calculated flow rate presented by HE1 today looks a bit light.”

A bit light? At double the helium concentration? Do the maths

“the well has flowed the equivalent of 0.5 mmscfd of 4.7% helium (without any artificial lift)”

“U can bet that spreadex will sell as soon as it gets to anywhere near rate pre placing/news…”

It’s not Spreadex buying directly, as with other brokers it’s their retail clients placing bets. The fact that it’s a significant volime is something to be aware of if you’re holding.

https://www.spreadex.com/financials/markets/shares/

Why would the UK budget influence an RNS on helium discovery in Tanzania for a company based in the Caman Islands?

"HOW HARD CAN IT BE TO DRILL FIR OIL ONSHORE ?"

It's a high risk reward business, same story in every O&G exploration company on AIM. I give you a few million in the hope of a maybe 1 in 4 or 5 chance that you get lucky first time, then you come back to fund the other 3-4 attempts. Every drill company on AIM is like this, unless they get lucky. They only list on AIM because they can't secure finance anywhere else, that's what AIM is for.

Wolfie seems to have the same investment advisor as Legalwolf, never a good enough entry point, always waiting for a lower one

Joe is always up, claims to know nothing about trading but always gets the lowest entry point and the highest exit point of the day '-)