Member Info for Blubay

Yes, that's a different stage though. The 3 March RNS confirms the Mining Commission's offer of a licence subject to conditions, following approval of the application by the Ministry. The company has to accept the conditional offer, which they did at the end of March, and the portal shows the status as recommended. Then they have to fulfil the conditions for award before the recommended decision can be approved, which it seems to be now.

ChatGPT really is not your friend for factual information, it's misleading. The subsidiary companies of Helium One Global are Helium One (Gogota) Limited, Helium One (Njozi) Limited and Helium One (Stahamili) Limited (if you don't count East Africa Holdings, in which HE1 is the sole shareholder). The mining licence application was made by Helium One (Njozi). Songwe Helium Limited is a new company with 100% interest in the mining licence now approved, so that is almost certainly the SPV established for the purpose with the TZ government.

ChatGPT really is not your friend for factual information, it's misleading. The subsidiary companies of Helium One Global are Helium One (Gogota) Limited, Helium One (Njozi) Limited and Helium One (Stahamili) Limited (if you don't count East Africa Holdings, in which HE1 is the sole shareholder). The mining licence application was made by Helium One (Njozi). Songwe Helium Limited is a new company with 100% interest in the mining licence now approved, so that is almost certainly the SPV established for the purpose with the TZ government.

I think the market would expect a covering RNS at the earliest opportunity if that's the case, although I imagine the CEO is a bit tied up until this evening.

"The ML has been approved for weeks now."

No it's changed status from 'Recommended' to 'Approved', and the company name has changed from Helium One's subsidiary to 'Songwe Helium Limited', which means the recommendation to the Ministry has been both approved and the licence application transferred to a new company (presumably the SPV).

Nice to see the CEO on a panel “sharing perspectives and prectical experience in getting projects funded and into production.” Nothing new today but all pointing in the right direction.

Simple, because they make profit from it

No-one trolls these boards every day without a vested interest, either a spreadbet, a CFD or an interest in a competitor share.

"The uninvested trolls appear as soon as the SP moves down - yet it ticks back up again."

They're invested for sure, otherwise they wouldn't turn up in a crowd within two minutes of a price movement.

Almost as ridiculous as people declaring "The MM want some cheap shares"

So the complete phase one development field now looks like this, with seven well pads and pending the processing plant site, which should be somewhere around the star in the bottom left

https://imgur.com/a/05YF24A

Looking like good progress on the State 9 well pad construction from yesterday's satellite imagery, noticeably cleared and defined over the weekend (there was no sign of it at the last pass on Wednesday). Up the road, directly to the north of State 16. Should be on track for that final spud very soon.

https://imgur.com/a/tl30riY

So what’s all the nonsense about spilling the beans and intraday RNS then?

Talking at a panel will have no bearing on whether there’s an RNS, she’s spoken at several industry and market events before, including about their plans to develop from explorer to producer. No doubt they’ll have an eye on investors but likely this is as much about promoting Tanzania and keeping close with the government.

256 days of predicting an imminent raise and wrong every day so far…

Yes, somewhere is the region of 5-6mcf/d helium per well plus CO2, maybe $1.5m gross per well per year, maybe 33% opex, 50% profit split, $0.5m per well per year to HE1, maybe $3m per year initially, rising towards $10m per year over 10+ years etc. Probably conservative given significant economies of scale as wells are added.

More than once a day for 255 days you’ve promised us a raise, wrongly every day. This week you said you had inside trading information confirming a raise by 15 May. Didn’t happen. $3m you said, at 0.6p. Didn’t happen.

Anywhere in the region of 40+ mcf/d helium from the phase one project development would be a strong result for me (might be less or more). Then another nine wells in phase two could bring this project up to 100 mcf/d helium (plus high grade CO2)

Average optimised flow rate per well for production will be higher than this, closer to 350 mcf/d. If they can get towards average 2% helium at 300 mcf/d then I think they’ll be on track with initial estimates, grossing maybe somewhere around $1m per well per year, plus about 50% for the CO2 (minus opex and farm in split)

255 days now touting that raise and wrong every day