Member Info for cperkin

Blinded by the light...Mann!

Bless the little stalker, no dunder you provide more than enough laughs :0) worked out what you missed yet, lol?

Always good to have a breather when running up hill to prepare for the steeper heights above ;0)

Looking forward to watching the afternoon session.

GL

I was told on Thursday by solo's new Technical Operations Manager (who spent 5 years in Tanzania drilling wells) that the remediation of KN-1 is still expected before the end of December. He seemed confident Mr B.

2018 of course, sorry.

Sorry meant to add ;0) at the end

Why bother when all the costs associated with Ruvuma are backdate to March 2017 and the staff transferred on signature?

No idea, they had $6.23 million odd at start of yea, JB might not be cheap but the team are not that expensive..

I think it's a case of Chicken and Egg Mr b with the 25 year development licence. The Gov won't issue it till the farmout vote is concluded and the Zubairs wot conclude till the 25 year development licence is issued. The Zubairs have already signed the binding agreement, I would be surprised if they will commit the final signature without it.

Circular first - thats due tomorrow...cough!

Remember a lot of the shares in issue are locked up, seems to be moving fast :)

GL

Already got mine written and in my draft box BD lol.

Hope of course that I don't need it, but if no RNS by 16:29:29 Friday, I will hit send :)

lol Hardy, but which Friday? :0)

One Day to go....maybe ;)

Yes could well be Crusty, could be quite a spud rush, will it be Helium-1? Horse Hill Side track? (if solo still hold) or C-1?

Soon find out Tarry, expected Friday and got till 16:29:29 Couple more days for people to sweat away and loose some weight ;)

No worries Drewky, it's significant because mining development licences are apparently easier to come by and there is no GSA, the taxes etc are already set in the act.

Yep that be them gone :)

Hi Drewky, Helium is declared as an industrial gas so comes under the mining act & not the Petroleum act like Ruvuma.- they have an 11 year prospecting licences at present over 3 licence areas covering 4022km squared. I would expect them to apply for a development licence post Q-1 drill and the conditional off take agreements they are in the process of securing.

Your welcome Crusty and I think you mean possibly delayed, maybe probable but not confirmed as yet regarding C-1

Yes steve if the numbers that Helium-1 have published are correct and if they are in production during some point in 2020 and solo retain say 10% then solo would be earning $15 to $60 Million from Helium-1 gross, so significantly more than Aminex

You might find this useful Crusty

Helium-1 solo own 13% They have 3 prospects with Rukwa having a CPR for unrisked prospective recoverable resources of 99 Billion cubic feet. Current global demand = 6.3 billion cubic feet per year. Estimated production revenues from Helium-1 are between $150 to $600 million per year once in production with an estimated production target of 2020

I talked to Josh Bluett, co founder of Helium-1 he is expecting to IPO early 2019 -London and also drill Q-1 2019. They expect to drill 4 to 6 low cost wells. The plan is to sell directly to end users and become a dominate source in global Helium supply through a low cost, high volume production process.
They are currently obtaining conditional offtake agreements and plan to use debt finance for most of the capital expenditure required for production.

A touch of FOMO - side lines getting sweaty palms and itchy tight collars ;)