Member Info for cperkin

Https://x.com/Nishati2017/status/1904140618667798571

Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko has mentioned the priorities of the Ministry of Energy in the 2025/2026 Budget including continuing to implement the generation, transmission, power transmission and transmission projects in Rukwa, Kagera, Lindi and Mtwara;

And not speculated fantasy From the Ham

The Farm-Out of the Ruvuma PSA in 2020 carries the Company to potentially material levels of production and gas revenues without the need to return to shareholders for additional funding for the development of the Ntorya field. The Company holds a 25% interest in the Ruvuma PSA with a US$35 million carry of its share of costs. The carry, equivalent to US$140 million of gross field expenditure, is expected to see the Company through to potentially significant gas production volumes with commensurate revenues.

Moreover, we appreciate the continued strong support from our cornerstone investor, Eclipse Investments LLC, which has agreed to provide a funding facility for US$3.00 million against the carry, ensuring Aminex has sufficient working capital available after 2024 and until the commencement of revenues from Ntorya gas sales.

Should add for clarity, downside is already priced in.

On the contrary The SP took a huge hit in November (21p down to 14) due to the well results , so any positive news is not priced in.

RNS from November, basically classifying the well as a duster or at least non economic.

· Sub-economic[1] helium grade in gasses tested from the Amsden formation, one of the three target formations within Clink #1

· Amsden formation is a secondary target containing less than approximately 6% of the project resource of 2.3Bcf as defined in the CPR

· Results imply that high grade helium could be confined beneath the Amsden formation, with gas present migrated from a different source

· Acidisation and appraisal testing of the Charles formation is due to commence as soon as possible

https://www.lse.co.uk/rns/HEX/helium-results-from-amsden-rudyard-update-efyqm1tmfdbctyb.html

Https://africaenergyinsights.com/Tanzania/post/tanzania-government-to-build-a-large-gas-pipeline-network-dr-biteko/

Https://www.londonstockexchange.com/news-article/HE1/state-16-well-galactica-project-update/16927609

Pipeline contract start date

Work on NT2

Estimated production date.

Accumulation time!

5 wells, One well drilled

2nd well just Spud

1st well testing

2nd well drilling

Etc

All to be tied-in to production facilities.

So tandem drilling and flow testing

Https://www.tanzaniainvest.com/mining/helium-one-mining-licence-tanzania

Helium One Global (AIM: HE1), Tanzania’s leading helium explorer, has received an offer letter from the Tanzania Mining Commission for the grant of the country’s first-ever Mining Licence (ML) for helium. The potential ML covers approximately 480km2 in the Momba and Sumbawanga Districts of the southern Rukwa Basin. This area aligns with the company’s initial application and will allow the full development of the project. The offer follows approval by the Ministry of Minerals (MoM), which granted permission for an ML larger than standard to accommodate the unique geological potential of the project.

OK, so next steps will be,

helium and CO2 concentrations and flow rates from Jackson-31 and Rig mobilised to the Jackson-4 well location for spud

Acceptance and award of the mining licence and the T&C's

Company Receives Offer of Mining Licence for Southern Rukwa Helium Project, Tanzania

Jackson-31 Well Drilled to TD and Free Gas Confirmed

Full ask paid, we going to get an ops update? It sure is due!

09:11:07 1.14 3,473,593 39.60k O

Gas to power to increase by multiple of 5.6 times current by 2044

Gas fired power plats to increase by 7 by 2030 generating an additional 1,938 MW.

Phase 1: from Dar es Salaam to Mwanza, from Dar es Salaam to Arusha and from Mtwara to Njombe

3.6 trillion cubic feet of gas has been ear-marked for use by industries

This gives Tanzania the

potential to export excess

power to a market of up to

27 other countries

https://tanzaniapetroleum.com/2025/02/19/24214/

Https://www.londonstockexchange.com/news-article/PLSR/pulsar-upcoming-down-hole-testing-jetstream-wells/16907017

+13 by Saturday and a balmy 20 C by Saturday.

Https://x.com/PantheonResour1/status/1890064352046162430

https://www.upstreamonline.com/lng/favoured-company-for-44-billion-us-lng-project-revealed/2-1-1762742?zephr_sso_ott=woOh1I

Could be later today, Friday or over this weekend. Either way I would expect drilling to be well underway by Monday.

Production forecast for the first half of this year, Production = Earnings. Who will get to production first, HEX or HE1?

Spud #1 Imminent....

Gave up when they realised they weren't going to get in cheap. A rare thing 5 back to back fully funded drills in any space, even rarer for a Helium Play.

Could be a once in a lifetime event for many.