Member Info for cperkin

According to posters at AEX and the AEX PR company the Operating Committee Meeting (OCM) has taken place and so we should hear the details on the work programme within the next couple of weeks.

"The OCM has happened and is confirmed by Camarco. A few details to agree but not known what those are. Should get an update on the work programme within a couple weeks, but that is just a guess on timeline by Camarco. All sounded very positive, but remember that's their job ;)"

$7.9 million spent on exploration so far.

Well good luck to both of you. I agree steve, there is going to be one hell of a lot of shares in circulation at Helium-1 unless they consolidate. Hope the interest carries on post float & the ramp machine gets into gear, after all it would be nice to see the asset return some wedge to those who had "first mover advantage" here at SCIR.

Well what can I say BG, other than get on with it. 200km or 500km $7mill or $15 for 3D either way, as long as it brings a spud date for C-1. Either way it will be 2021 before any significant sum is spent.

In the mean time...

All mute points till they actually get on and do something anyway BG. Hopefully we will get some action and a spud date shortly.

That was Feb BG, the April RNS is later, the one I quoted as the agreed work programme with the TPDC

https://www.lse.co.uk/rns/AEX/ruvuma-licence-extension-granted-dfdvdbo7dvtru40.html

I think we all already know the work programme & costs, the only question now is how quickly they can secure the rig and 3D.

The extension, which was applied for in late 2017, is valid for one year. Under the terms of the extension the Company, through the Ruvuma PSA Joint Venture, is committed to perform the following works during the extension period:

· Acquire 200 square kilometres (surface coverage) of 3D seismic (min. expenditure of US$7 million)

· Drill the Chikumbi-1 exploration well (min. expenditure of US$15 million)

· Complete the negotiation of the Gas Terms for the Ruvuma PSA with the Tanzania Petroleum Development Corporation

· Using the data gathered from Chikumbi-1 and the seismic acquisition, prepare and submit an application for a Development Licence for the Ntorya Location area.

Soon see AA, I expect the admission document tomorrow/early next week.

· Amalgamation values Attis at £1.76m, representing approx. 0.012p for each Attis Ordinary Share of no par value ("Attis Shares")

· Helium One valued at £6.0m, representing 2.84p for each Helium One share

· Attis shareholder to be issued 1 Helium One share for every 236 Attis shares

· Target admission of Helium One to AIM on or around 3 December 2020 subject to minimum fundraise of £5m and completion of other matters as set out below

Morning steve, too big a gamble for me based on what is already known on MCAP and shares to be issued @2.85p. I am happy to wait to buy some Helium-1 just before spud and ride the drills, I certainly wont be selling SCIR with a proven gas asset already drilled twice and about to drill again for a wildcat helium drill.

It seems that people think buying AOGL @ 8p equivalent is a good idea when it will probably launch @ 2.85p? The admission document is due any day and the lights will come on I guess AA?

Well this Friday it will be a whole 15 working days since news on the major asset Bucks, people are bound to make stuff up after such a long time ;)

Met the Geologist a few times who processed the 2D seismic over Rukwa & will be surprised if they don't have some drill success based on his history.

The CEO reckons Helium-1 has the Equivalent of 14 TCF of conventional gas equivalent when you consider the price per MMSCF, that would make SCIRS % post float about 0.6 of a TCF value equivalent.

https://www.youtube.com/watch?feature=youtu.be&v=mMhCqtdeBx0&app=desktop

Not quite, they were going to raise £4 million but it is oversubscribed so they increased it to £5 mill is my understanding and hence the slide is not up to date.

MCAP will be £12,735,440, question is, how many shares will there be in issue and thus the price.

See slide 14 and adjust for the additional £1 mill raise.

http://www.helium-one.com/presentations/

Nice 1.4 million buy, looks like someone is thinking the opposite steve.

GL

Nice 1.4 million buy, looks like someone is thinking the opposite steve.

GL

Lots of small manipulative trades again, someone trying to hold this back?

It has a CPR steve but has not been drilled. Till the drill bit proves up some flow tested reserves the numbers are probabilities, P50 means a 50% chance.

Unrisked Prospective
Recoverable Helium Resource
(2U/P50) of 138Bcf

Well it has certainly shot up in value, although you might want to wait for the admission document. @ the current Attis shareholder to be issued 1 Helium One share for every 236 Attis shares @ 0.012p means at todays price of .031 you pay 7.3p for a share that will be worth 2.84p on launch.