Member Info for CrustyPete

Yes Blubay your hunch is broadly correct. If you look at the Tanzanain based O&G explorers / producers in Tanzania they all have locally based subsidiaries to do carry out many of their local services and BAU activity - as Joe80 kindly pointed out yesterday, using local service provider(s) is receives favourable from a tax perspective and chimes with the idea of supporting local communities. Aminex use a local subsidiary called NDOVU (Elephant), for such activities.

Yes accepted LOTM, I wasn't trying to make an issue out of it, just a clarification. Though I also agree that as they are mostly between the spread it is difficult to gauge with any certainty.

"that clearly had nothing to offer." Really?

Then thank goodness, for the more impartial posters on this board, that you don't get to censor everything that does not meet your "value" criteria; it would become a very one-sided "discussion board", eh?

But, Warrie congratulations on the popularity contest - just as well that you did not ask your supporters to "go away".

"lad"?blimey, I haven't been called that for a while and yes, bye bye to you too. Oh and look at you your own special button too, Phil TURD, bless you.

But both ways it would seem LOTM?

Quite right Warrie appalling grammar- touche. Should have read it again before posting.

So you don't think that dismissing other peoples posts through a demand for them to "go away" is demonstrative of a lack of intelligence? Then at least a lack of patience or, perhaps, arrogance? Yours is the only opinion that is "worthy" eh?

If only it was that simple and straightforward eh Juno Casper?! ;0)

Unfortunately not.

Couldn't agree more RJ. Good luck.

Warrie, you have no idea what research that poster may or may not have done or what is behind their post and, whatever might be the case, they have an opinion that is just as valid as those of anyone else. You may not like what they have to say but dismissing them or their their opinion as valueless just smacks of small mindedness.

Sorry "Switch to Thread View"

Yes eafster, see above under "Thread view"..... though you will have to scroll to find your chosen thread.

But RJ, most will, as ever, only see what they want to see - confirmation bias rules...

"go away"? yes Warrie, a typical reaction from those with a one-eyed agenda - truth hurts eh? You just don't have the intellect to cope with those who hold a different viewpoint can you? You will have us burning books next....

Me too osg, @ 15:30 I posted "I think that the words "Petroleum Act" are the key words here Joe - this is NOT the Hydro Carbon Industry. This is Helium and Governed by the Ministry for Minerals. In the same way that a producer of Natural Gas is subject to oversight of PURA and TPDC, and need a GSA and PSA and Development Licenses to produce gas whereas - we are told, as a Helium producer He1 is not subject to these same conventions."

But as he has me filtered he won't have read it.

I only have one person "filtered" and that is only because of his crass, offensive language but I will never deliberately censor anyone's post - there is always something you might learn (though on a day like today they are very few and far between). ;0)

Dividends at 10%;

payment of interest at 10%;

service fees provided by non-residents at 15%; and

local professional and consultancy services at 5%.

The value added tax (VAT) rate is 18%.

The value added tax (VAT) rate is 18%.

And all of the above are taxes paid on expenditure (as and when relevant) not on income or profit.... and maybe (as per VAT in the UK) offsetable against "taxes" received (income from rental of Rig?)

"Royalties: In addition to taxes, royalties are payable to the government for the gross volume of petroleum production. The prescribed amount is 12.5% for onshore areas and 7.5% for offshore areas. In case of failure to comply with the payment of royalties, the Petroleum Upstream Regulatory Authority may prohibit any dealings with the licence holder."

So where does it say that Helium is considered a Petroleum derivative?

And what relevance has CGT got to He1's current circumstances? None.

Joe80 desperately trying to claw back a lost cause.

Good evening Js15 - only because I have often witnessed a rise on other AIM and small Oily's a day or two ahead of an RNS - "nosey" buyers, as they call them.

In truth, the reverse has usually been true of He1! The sp has more often than not fallen in advance of an RNS - maybe because many of those have been anticipated or perceived as "negative" notifications?! ;0) The notable exception being ahead of the Oct 16th RNS regarding the restarting of the Tai3 drill -when the sp rose for a couple of days ahead of the announcement.

Lol, solstace, fat chance!

Must dash, there is a beer waiting for me at the pub! Goodnight all.

Insider trading rules? And they would be applied to all UK non residents yes?

No Joe, it is very simple, the Petroleum Act just does not apply to the Helium industry... got it?!?

I think we have our answer. No FOMO and MM's getting their "revenge" on the day traders as we go into the close. I think the lack of buying activity this afternoon is a likely indicator that we are not going to see an RNS in the morning

Glad I kept my powder dry for another day.

Good night all.