Member Info for cperkin

Drilling confirmed within the next 2 weeks

http://www.helium-one.com/2021/06/01/helium-one-company-news-may-2021/

http://www.tanesco.co.tz/index.php/media1/downloads/announcements/487-hotuba-ya-waziri-wa-nishati-mhe-dkt-medard-matogolo-chananja-kalemani-mb-akiwasilisha-bungeni-makadirio-ya-mapato-na-matumizi-ya-wizara-ya-nishati-kwa-mwaka-2021-22/file
By 2021/22
The government through PURA will govern the sculption of
one search well (Chikumbi-1) in
ruvuma nursery; one (1) search well
(Jumper-1) and one (1) promotional well
(Mambakofi-2) in the garden of Ruvu; and one (1) search well (Tausi-1) in the nursery
one (1) search (Tausi-1) in the nursery
Mnazi Bay North. PURA will continue inspection
in all areas of search and production of
natural gas in the country. In 2021/22, the Government
isolated 1.69 billion shillings in order to
facilitate high-stream control activities
petrol.

For the long term holders, they have been waiting since March 2017. Ironically I sold out when NR bust the bank again to buy Helium-1 & I was disgusted at the time as the expectation was that they were about to complete the back to back drill with NT-3 (Now CH-1) and I thought they should have preserved the money for this.

Of course NR and the BOD wanted to spend millions more on HE1 back then with an option of up to another £4million on top of the £2.55 they spent, so they clearly expected a positive drill result.
Not long now!

Been a long wait for some, well since March 2017 for SCIR holders at least.

Must be getting close to the spud now, this week or next would be early June as indicated.

No idea SVS, just being trolled I suppose?

Buys at full ask, no movement?

Whoops a fat fingered Freudian slip, 91 being 19. I trust the ARA if there is one tells a different story!

I expect the ARA to be roughly the same as 2018, 91 & 20 a boring read, unless we see a licence and 3D mobilisation at the same time, it will be nothing much more than a yawn from me.

Bags of potential waiting to be unleashed, need to let off the lead first.

I have thought much the same 44RJ, the irony that Helium-1 may well be on the cusp of saving the BOD's and SCIR is not wasted on me ;0)

The drill bit is only days away from doing the talking, it's going to be an interesting ride all the way through H2 it seems and not long for spud now, days most probably judging by how advanced the pad is looking.

There were 63,559,161 warrants and options when HE1 listed and I believe others issued post listing so it could be anyone.

Some of us have been waiting since 2017, at last they are about to drill in a few days!

Thanks for sharing AA. A good interview and a clear explanation of what will happen during the first 3 in 1 drill and reporting on Helium as they go.

26-May-21 10:23:50 1.0975 1,000,000 Buy* 1.05 1.10 10.98k O
25-May-21 17:06:23 1.10 1,000,000 Buy* 1.05 1.15 11.00k O
25-May-21 11:27:39 1.10 1,000,000 Buy* 1.05 1.15 11.00k O

Seems the market thinks the same SVS & juxtaposed against how the market sees HE1 in Tanzania.

Ruvuma and the 25% of 763BCF 2C and 2TCF GIIP is worth around £3million according to the market, despite AEX selling 25% for $20 million just a few months ago.

Much my thoughts as well SVS, they may well be drilling 4 holes and not 3 as well.
RNS 9410S
· Option for Mitchell Drilling to take payment for 3rd hole as equity demonstrating commitment and confidence in the project.

· Option to expand exploration programme with 4th hole, which would also be payable as equity to Mitchell Drilling.

· Identified rig has capability to remain on site for follow-on appraisal drilling, saving cost and time in demobilisation and remobilisation of camp and equipment.

Thanks steve, happy so far with both holdings to date, well ecstatic with HE1. The drill is a risk like any other Exploration wells, personally I think the BOD have hedged their bets and played it well putting millions in the bank for Ruvuma whilst still having significant exposure with the 9.5 million shares and 1 million options (at last count) I think they might of sold a little more looking at the trades, but I can't say for sure of course.

If the 3 to 4 HE1 drills come in as non commercial then the BOD have already secured 2 or more million. If the drills come in commercial as per the P50 then they will have cash equivalents available for any 2022 drilling and development over at Ruvuma.

Best of luck, drilling soon!

Evening steve. Hope you make your money over at HE1, Early June spud so not long to wait at least.

The BOD certainly have not delivered on any of their strategies or delivered shareholder value, the only thing they have managed well is the asset disposals, Horse Hill and HE-1.

Yes 100% correct steve, drilling is not till year end/Jan 2022 but the 3D is waiting on that overdue licence, meanwhile the BOD have cash burning a hole in their pocket waiting.

Like you I am waiting for the drill results @HE1 both for the impact here and the HE1 shares I hold.

Best of luck!

Latest interview HE1

https://audioboom.com/posts/7872873-traders-cafe-with-zak-mir-david-minchin-ceo-helium-one-he1

Indeed, it seems to be going down at the same speed as HE1 SP right now Steve. Oh well, juts a few weeks away from drilling as the moment of truth arrives with the drill bit. Meanwhile over at Ruvuma, the BOD should be seeing some cash calls if the 3D and well preparations are going ahead in the second half of the year as planned.

As for the BOD, it's probably better that this share is not suspended with some new deal(s) whilst drilling is under way & so my disappointment in their deliver is at least hedged.