Member Info for cperkin

Easy question and an easy answer. Till Blue Star can fund their way to production, ie until the farm out is completed and they have the cash in hand, they have a stranded asset in the dirt.

So the road to production is uncertain till they have the money and the market price reflects that uncertainty.

Next question market expert.....

According to L2 the MM's have lost control to DMA

Just a little fact for balance & a slight difference in circumstances. The previous guidance was based on the issuance of the 25 year development licence.

The 25 year Development licence has been awarded this year.

...

What this Helium

· Elevated helium encountered in drilling muds throughout the sedimentary column demonstrates presence of helium within all target horizons.

BP wants in.....just wait for the interview...or rather better do your thing before it hits.

Completion of Drilling at Clink #1

Helium Shows and Hydrogen Shows in Cambrian Strata

Helix Exploration, the helium exploration and development company focused on helium deposits within the 'Montana Helium Fairway', is pleased to report the completion of drilling activities on the Clink #1 well at the Ingomar Dome Project.

Highlights

· Completion of drilling at Clink #1 to Target Depth ("TD") of 8,030ft (~2,450m), delivered ahead of time and below budget.

· Elevated helium encountered in drilling muds throughout the sedimentary column demonstrates presence of helium within all target horizons.

· Significantly elevated hydrogen in drilling muds of up to 103,000ppm (10.3% H2) demonstrates presence of a hydrogen system within Cambrian strata.

· Wireline logging and appraisal via extended flow testing will commence shortly to enable the Company to assess the helium and hydrogen concentrations.

Bo Sears, CEO of Helix Exploration, said:

"We are delighted to report the safe and successful completion of the drilling of our maiden exploration well at Clink #1 delivered ahead of time and below budget. Drill operations took 11 days from spud to Target Depth, completing well ahead of the 2-3 week guidance provided.

"We are highly encouraged by anomalous helium identified in all target strata, indicating that we have elevated levels of helium throughout the sedimentary column. Additionally, the discovery of anomalously high hydrogen shows within Cambrian strata is a welcome development. A number of highly elevated readings up to 103,000ppm (10.3%) suggest a significant level of hydrogen in the lower part of the system. This will need to be fully investigated before any conclusions on economic potential can be drawn.

"We are now moving directly onto preparing the well for wireline logging and appraisal via extended flow testing and will keep the market updated as we learn more about the helium and hydrogen system identified in mud-shows at the Ingomar Dome Project."

Background

The Clink #1 well reached Target Depth ("TD") of 8,030ft (~2,450m) at 11:15 MST on 23 August 2024. Rods have been pulled from the hole and a wiper trip is planned to condition the hole in preparation for wireline logging.

Elevated helium readings were encountered throughout the Cambrian strata from 6,815ft (2,075m) to TD, which includes the Clink #1 primary target - the Flathead formation. Following on from previously announced helium gas shows in the Amsden and Charles formations (19 August 2024), the Company has now identified elevated helium shows in all primary and secondary target horizons.

The Clink #1 well also encountered significantly elevated hydrogen within Cambrian strata. Several consistent hydrogen anomalies were recorded in drilling mud, with peak readings up to 103,000ppm (10.3%) hydrogen. The discovery of significant hydrogen shows with

Vol. Sold 154,573,594

Vol. Bought 300,228,166

As Tanzania continues to mature its gas industry to spur economic development and alleviate energy poverty, an MoU between ARA Petroleum and Tanzania shows how our Ntorya gas development can bring wider benefits to the country’s burgeoning energy sector.

https://x.com/AminexPLC/status/1828327823779733986

Our JV partner and operator of Ntorya gas development in Tanzania, ARA Petroleum, will deliver training for personnel from the country’s energy authorities, including classroom and on-the-ground sessions covering a wide range of topics, after an MoU was announced this month.

AminexPLC

@AminexPLC

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1h

3/4 Workers from Tanzania Petroleum Development Corporation (TPDC), Petroleum Upstream Regulatory Authority (PURA) and the Ministry of Energy can expect to see ARA’s onshore oil and gas operations in Oman, where an intensive drilling programme has boosted production manyfold.

AminexPLC

@AminexPLC

·

1h

4/4 Personnel will also spend time at ARA’s Muscat office where staff work on a range of initiatives including ARA’s innovative safety, water management and carbon-reduction programmes while running day-to-day activities. #Tanzania #natgas #eastafrica #ongt #Ntorya

The Company also announces that it has raised gross proceeds of £6.43 million (approximately US$8.2 million) by a direct subscription (the "Subscription") pursuant to a cash box structure, through the issue of 590,000,000 new ordinary shares of no par value in the capital of the Company ("New Ordinary Shares") at a price of 1.09 pence per Ordinary Share

EWT in progress and preliminary results on the way down look good.

The Company has successfully re-entered and deepened the ITW-1 well a further 168m into the fractured Basement and has reached a new TD of 1129m MD. The existing hole conditions were very good and enabled the wellbore re-entry beneath the 9⅝" shoe, and subsequent deepening into the Basement, to occur efficiently.

Whilst deepening the well, near-continuous helium and hydrogen shows were encountered whilst drilling. The frequency of these shows continued to TD and were notably higher than those which were encountered whilst drilling the overburden section during Phase II.

The next phase of the operations now involves preparing the wellbore for running the 7" slotted casing and cementing it in place. Once this is complete, the Company will then run a completion string in the hole comprising of tubing and packers to allow multiple testing of the two zones (the fractured Basement and the faulted Karoo Group) during the EWT.

And a couple of months since the AGM.

"We will update shareholders further as soon as all plans have

been finalised and signed off"

Soon then?

All that matters here is the next sniff of Helium as they drill deeper and get nearer the source rock. The expectation and norm is that concentrations increase.

Good luck folks!

Helix Exploration, the helium exploration and development company focused on helium deposits within the 'Montana Helium Fairway', is pleased to report the identification of significantly elevated helium in drilling mud (a "gas-show") within the Amsden and Charles formations.

Significant elevated helium was identified while drilling in the Amsden formation at a depth of 3,885ft (1,185m) on 17 August 2024 at 03:15 MST, reaching peak readings at 50x over background level. Low gamma at bit readings over this same interval demonstrate a clean reservoir. Analysis of drill cutting identified these anomalies to be associated with the Amsden formation.

The Amsden formation has previously been drilled and tested for gas in the Hilliston #1 well, roughly 200 metres east of current operations at the Clink #1 well. The Hilliston #1 well tested a 195ft column of non-flammable gas from the Amsden Formation at high flow rate and minimal pressure loss over 30 days. The gas was tested at approximately 80% Nitrogen and was not assayed for helium.

The Clink #1 well is currently in the Charles Formation at a depth of 5,150ft (1,570m) with drilling continuing. Significant elevated helium was identified in multiple gas-shows from 4,860ft (1,480m) reaching peak values at 130x over background level.

The Charles formation has previously been drilled and tested for gas in the Froze To Death and Treasure #18-1 wells, both of which are down-dip of the current Clink #1 well. These wells tested 175ft and 145ft columns respectively of non-flammable gas which was tested at approximately 80% nitrogen and was not assayed for helium.

The detection of a helium gas-show over these intervals confirms the presence of helium within the previously identified gas system. The Company is drilling on to the primary target in the Flathead formation at approximately 7,410ft (2,260m) and planned total depth at approximately 8,000ft (2,440m). Drilling is progressing well and remains on schedule.

A sniff of Helium and it will start hotting up.

Enjoy the weekend!

The Ingomar Dome has all the characteristics of a massive Flathead-style discovery with potential for 2.3Bcf #Helium & NPV8 of over $300m.

Multiple stacked reservoirs to be tested by a single appraisal well.

https://x.com/HelixExp/status/1823329290416529885

Highlights

· Commencement of drilling the Clink #1 well, to test the stacked reservoir targets in the Amsden, Charles, Flathead Formations and fractured pre-Cambrian basement.

· Historic drilling has identified nitrogen-rich gas in Amsden, Charles and Flathead formations that has never been assayed for helium.

· Drilling will take 3-4 weeks to complete, followed by wireline logging and extended flow tests.

· First well in two-well Q3 drilling programme with the second well to be drilled to appraise contingent helium resources at the Rudyard Project.

#HEX #HelixExploration "Great geological prospect for helium. " - Regarding our imminent Ingomar drill, from Michael Hirsch at the Wyoming Board of Professional Geologists.

That's quite an endorsement considering his credentials!

https://x.com/ProAIMTrader/status/1821790974349115751

#1/3: #Tanzania plans a $1.2 billion #fertilizer #plant in the #Lindi region, just dozens of kms from our #Ntorya #gas development. It is another sign of the #country’s hunger for gas as it strives for greater #development + prosperity: https://thecitizen.co.tz/tanzania/news/national/tanzania-s-1-2-billion-fertiliser-deal-promises-to-end-imports-4709776

#natgas #eastafrica

https://x.com/AminexPLC/status/1821493787908006143

What a goon