Member Info for cperkin

Couple more buys and yet another tick up on the way please.

If they do re-enter NT-2 then Fjones next list will be guess the flow rates :)

Sorry that should be over the full 51m gross interval of gas-bearing sandstones not just the 25m.

BG If 78% of the flow was only over 2 meters of the 25 meters and it flowed @ 20 MMscf/d it begs the question on workover and clean up what would the flow be with the other 23 meters at full flow? Must be a lot of mud down that hole.

Wouldn't surprise me AA, maybe it's Scirocco, although probably not?

Whoops followed by a larger late reported sell...

Incoming?

The BB police have been busy!

Thanks Robbie and makes a lot of sense to understand exactly what they have in NT-2 and what the production flow rates could be, certainly if the spur is going to be fast.

Congratulations folks and agree ref Crusty.

mherby As posted the UK company is not material to our investment.

The 2.5 million that Solo paid for a stake in H1 is shown in the accounts for the BVI holding company Helium One Ltd company number 1888591.

The positive results people are talking about are 3 fold and not specific to Helium-1

1.0 we are post EGM a production company producing 1000's BOEPD since the first Jan 2019 €40 million NPV 2P resources + €60 million MPV10 2C resources in the North sea.
2.0 The positive announcements from the Tanzanian Government point to the licence being issued soon
3.0 Helium-1 due to IPO in Australia.

These might help bring you up to speed on the new assets.

https://www.youtube.com/watch?v=FZTlMhMw6L4&feature=youtu.be

https://www.brrmedia.co.uk/broadcasts/5d9c5b6ef8cc7162f3b034e4/scirocco-energy-acquisition

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/scirocco-energy-acquisition-presentation.pdf

2.0

Not my work, all stonefold's

This is key though.

The 2.5 million that Solo paid for a stake in H1 is shown in the accounts for the BVI holding company Helium One Ltd company number 1888591.
As that is a private company the accounts are not made public.
That transaction should not be duplicated in every component company, so there is no point looking for it in them.

So in summary they have saved some time and money with the UK company since they will not be listing in the UK.

Helium One continues as does our stake in it as we wait for the ASX listing.

Every few months, same question type. They are going to list in AUS...

Stonefolds ever patient post below.

When he or anyone else says "Helium One" they mean the group of companies that form the business structure.
It would be a dull interview if he had to give a break-down of his job title for each component.

MD of the BVI holding company is Helium One Ltd company number 1888591

Director of the UK subsidiary company is HELIUM ONE LIMITED Company number 09523349

Director of the Auz subsidiary company is HELIUM ONE PTY LTD ACN 618 979 007

It is quicker to say MD or CEO of "Helium One Ltd".

The 2.5 million that Solo paid for a stake in H1 is shown in the accounts for the BVI holding company Helium One Ltd company number 1888591.
As that is a private company the accounts are not made public.
That transaction should not be duplicated in every component company, so there is no point looking for it in them.

If you are not prepared to look then you will not find answers.

Who in fact is managing and operating the 'real' company is shown on the link
http://www.helium-one.com/about-us/team/

As for wanting a report on what our 13% investment in H1 is looking like right now...

I would imagine that they are waiting for either the Tanzanian authorities or the mood of the investment market to brighten up.

But the only person that could answer that is
http://www.helium-one.com/contact/

Making money, no other reason for anyone to spend so much time as the alternatives would be concerning.

Hi Kir, yes the Government made a claim and held back $7.6 million from the JV (More than the claim) so either way some money is due.

See half year report statement below from 30th Sept.

"Recent changes have provided us with some encouragement that progress can at last be made with respect to resolving the outstanding receivables of US$7.61 million for previous gas sales from KNDL and related interest. "

Morning steve. I agree NR and all the old team are now long gone and thankfully we still have a couple of good assets from his legacy. It is a completely different company in all other respect now. A BOD who are extremely capable as proven thus far and now with a great team around them and hence a different company and a new name.

Roll on the Scirocco launch, a production company producing thousands of barrels of oil with major development upside. I was already in very healthy profit at close but certainly hope that the new team continue to deliver for the very long term holders as well as the new faces.

GL

Must admit, I have no idea where this will land post licence and spud, all depends on what they find in the appraisal portion of the drill and of course the deeper Jurassic target, never mind the multi well FFD.

Need that licence and spud first.

tom, the listing document should be by Mid November maybe a little earlier, there is then 21 days notice of the EGM so re-list early to mid December.

A licence and a Spud date before year end would be perfect Sambo!