Member Info for Blubay

Lovely sentiment, and not too many traffic jams in sunny Jersey hopefully 😉

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.

Interesting idea

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.

I noticed today's flow test appraisal data from HEVI/NAH in Canada emphasises that they have zero to negligible amounts of water in the mix

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?

Yep, and LSE uses the same databank too. All you have to do is click on the button above that says HE1 broker ratings and you can see it along with the date.

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.

Of course trades have dropped off. They've gone from a staggering 668m a day average to less than 100m today

"potential partners will be given access to the crucial info they are most interested in before it is all released"

That would be illegal

I've no doubt it has huge commercial potential, world changing possibly. I have no idea at what cost and return to HE1 shareholders over what timescale. Hoping to find out more shortly.

"Do you seriously believe the nomad would allow them to dupe us?"

In the case of this particular NOMAD? I wouldn't bet my house on it.

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.

Depends how you look at it. The bullish pennant/wedge trading pattern with a declining daily volume is still a very bullish pattern.

Maybe only from knowledge of the completion of transaction.

Ah yeah, I see what you mean. In theory if they've given instruction to buy/sell then they are deemed to be aware of it within two days of the event (see the quote I posted from FCA rules), I think that knowledge applies whether or not the order has been fully executed (but not totally sure about that and could well be a grey area).

"Where the shareholder is party to or instructed a transaction, he will be deemed to have learned of the transaction no later than two trading days following the transaction."

Sorry which bit did I misunderstand?