Member Info for Blubay

No-one runs a company for the entertainment or anxiety management of retail day traders on bulletin boards, anyone who thinks they do is deluded.

Companies only have comms strategies when they are looking to raise finance from the market. When the share price becomes relevant to the company you can guarantee they will have a comms strategy, broker research notes, and investor presentations.

It is pretty much exactly what HE1 found at Tai1

"Free helium was clearly present [at shallow levels but] the unconsolidated nature of the formation prevented acquisition of a gas sample to quantify helium content."

"...strong helium shows in mud gas for each of the ...reservoir packages encountered."

"confirmation of a potentially significant helium system... considerable support for further evaluation... potential for the North Rukwa basin to emerge as a new primary helium province."

Most of this we have known for two, and it's great that NHE can confirm it. The main news here is that they appear to have extracted gas samples for independent analysis (hopefully not too contaminated). That will be the key thing to watch next.

LB interview... "it's always encouraging to get shows whilst drilling, especially in the intervals you set out to target...but given that basement is and remains one of our primary reservoir targets I'm very keen to see what results it will yield for us"

Do we have to have this incessant ramping every day Cyber?

I don't understand why you think it's escalated Joe, the company clearly said it was in a local workshop and they expected it to be back on site shortly, and that they anticipated finishing up at the well next week. There has been no indication that's not still the case.

She said "If all goes to plan I anticipate us being finished up at the Tai3 well some time next week"

RNS bad news = after hours Friday

RNS good news = before trading opens Monday

Obviously sells are sometimes used also to try and drop the price, in order to buy in lower.

Lots of people buy in anticipation of a short term rise (e.g. in the run up to expected news). If that doesn't happen then get out and go somewhere else, and as you say, some people need to close their positions at the end of the week.

It's also not true that there is no chance of a second drill, that's entirely possible

It's not obvious at all Coco, there's no evidence for it at all.

I know you always like to test the negative interpretation on shares but what on earth gives you that impression?

"We are pleased with the current results of Tai-3 with encouraging helium shows encountered in the Lake Beds and the Karoo."

Horult - the relevant times and depths are clearly specified in the published notices

Development Concept (slide 25)

Helium Purification & Liquefaction Plant

• Inert gas composition simplifies processing plant design

• Modular skid mounted pressure swing adsorption design based on prefabricated components

• Expected production capacity of 1.05 mmcf/day helium

• Sufficient to fill one 11,000 Gal (46,000 L) ISO container of liquid helium per day

CAPEX

• Helium plant US$ 38 MM

• Production wells and gathering US$ 48

MM (6 wells)

OPEX

• US$ 1 MM / year

Chesh - What I mean is that it’s an interesting coincidence that HE1 launched a rebrand of the company mission last week from prospector to future producer. The development concept for production is to feed six Rukwa production wells into a modular purification/liquidation plant (see slide deck on investor presentation). Would they drill all six wells themselves, or are there possibilities for neighbouring prospectors to feed in? I’m not sure. Let’s not get ahead of ourselves anyway. First we need to discover a viable helium reserve.

Totally, the whole point of going for a pure helium play (so-called green helium) is that you don't have to build and run hydrocarbon processing infrastructure needed to deal with all that natural gas/oil

…would not be surprising… (when will LSE ever activated the edit function on these boards?)

I would suggest the linking entity is actually the Tanzanian government interest, absolutely nothing moves without their involvement and the helium field opportunity is a big deal for them. Where the companies may link up is in the development of integrated production. At the moment only HE1 is re-positioning its company profile from a prospector to producer of helium (see the revamped company website). If they can mobilise investment for their proposed Rukwa production facility then it would be surprising to see other wells feed into that, and/or the government having an interest. Just speculation.

They’re not, although they all know each other, several have worked together and some people in each company have some connections to Pulsar. Drilling for pure play helium in East Africa is a pretty niche field, it’s hardly surprising.