Member Info for dai2belts

@Skittish, I was looking at those white patches but there were so many I dismissed them as salt springs
I had another read on the nitrogen, rain will put atmospheric nitrogen into the soil for bacteria to convert into the required form for plants, and evaporation from wet ground puts it back into the atmosphere.. So I guess if its seeping through the ground bacteria can use it, but the main source is nitrates from decomposition... In 2 weeks this will all be forgotten..

Some interesting images here ;)
https://www.flickr.com/photos/194934344@N06/with/51919164722/

@Skittish, the close up of Mkulwe, left side there is a row of fields meandering top to bottom almost looking like a railway or ladder, maybe a seeping fault providing nitrogen to the plants..

@SlowRoll, Yes, looks like the seeds were sown in 2008..
Oddly youtube listed his videos as follow ons from a proactive investors video(not He1), I was'nt looking and they are'nt my typical viewing..talk about media spreading info..the only link was the interview and lies :)
So the other video is worth watching too

@QS, you should watch that video I posted, its a lecture not conspiracy theories...
And watch the Q&A where it explains in 2008, although not agreed a statement was pushed through saying Georgia and Ukraine would be joining NATO, you can guess who pushed that statement..

@JoshCLSE, Quantum Star is committed to getting bargains too,
Not sure but I think the concern is the availability of O&G rigs in the country, and if not how long to ship. Its probably all in-hand.

Larger O&G rigs wont take as long as Tai did last year either, and I believe the drilling window was until November.
He also said the wells are going to be finished for production, so I am assuming a single hole will be drilled, tested and finished at each site, unlike last year which had a second phase drilling appraisal wells, but I dont really know.
fingers crossed it a falls into place .

Mobile rigs, trucks with 5 or 6 axles can drill down to about 3000m.
https://www.nov.com/-/media/nov/files/products/rig/rig-equipment/mobile-rigs/mobile-rigs-brochure.pdf

@JoshCLSE, nobody on this BB has any solid info to suggest we will not get a rig in time, but likewise DM could be working towards a MOU for longer than we expect..
QS is just picking up on Gogsthelogs point 3, add that to the drifting share price he might get 8.99p, all counts...
Considering all thats going on and this sp is less volatile than most FTSE shares, could be the new safe haven, more upside than gold when that contract is signed, lol

One of the shares I follow out of interest ran a proactive video update today, usual style.
The next video to run was "why leaders lie" which was quite an apt follow on..

But !!
The next video(2015) suggests if you want to ruin Russia encourage it into Ukraine..
Well worth watching...
https://www.youtube.com/watch?v=JrMiSQAGOS4

So is his other video as it relates to how news flow can create the required perception without actually saying so..misleading without actually misleading..
With some interesting world event examples,,
https://www.youtube.com/watch?v=VPe5f5dcrGE

Professor Jon Gluyas, Durham Uni, Rukwa
https://www.youtube.com/watch?v=mSRlSXVzjBE&t=1860s

@Kevin, that CoS stuff is like Wyn's charts ;)

I am not sure we would get as high as 99% on an exploration project, especially in an area that has no history of helium production, or a successful discovery. But apparently 90% means "very highly likely", moving higher pushes towards claiming certainty..

https://www.linkedin.com/pulse/how-do-geologists-risk-oil-gas-prospects-alan-foum

https://www.linkedin.com/pulse/how-do-geologists-risk-oil-gas-prospects-alan-foum

I know some were interested in the CoS calculation and values...
Some were done by NSAI, inc Tai
Trap x Reservoir x Source x Migration=Geo CoS
Res, Source both use 90% for all prospects in Nobles report so assume same for He1..
Then Lake bed Traps are given a higher value than Red Sandstone & Karoo
And Migration a higher value the deeper the target..

Example
Upper Lake Beds 50 90 90 40 16%
Lower Lake Beds 50 90 90 40 16%
Galula(Red)........ 40 90 90 50 16%
Karoo ..................40 90 90 55 18%

PDF 189 Page
https://noblehelium.com.au/wp-content/uploads/2022/02/2022-Noble-Helium-Limited-Prospectus_HR_compressed.pdf

@KeithOz..
if you look at the original assessment of Tai there are no deep targets, also our 21 prospects/leads seem to be split into shallow(Beds,Red Sandstone)or Karoo
Tai Original Data..
UL 0.70 bcf
LL 0.78 bcf
Red Sandstone 0.28 bcf..

One of Nobles prospects in the lake seems huge, Gege.
Its intersected by 3 parallel seismic lines, UL 21 bcf LL 18bcf, Red 13 bcf, karoo 2 bcf, all best estimates(p50)..
That's worth a JV...DM likes his water..
Their Geo CoS is comparable with ours for phase 1, our new Geo CoS is just academic until discovery like ADV's 90%..

@IG
This doc shows He1 licensed areas, so you can compare to Nobles.. If He1 makes a discovery then Nobles exploration is no longer wild cat, and the chance of making a discovery has significantly increased.

https://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf

Will have to take look at Next Investors
https://nextinvestors.com/
We had a period when cannabis based IPO's would list and the share price would x4 first day, gapping up on opening.
Made me wonder if the IPO was heavily discounted so the early investors made their money fast or whether the PI's were following a craze..

@Porky, I think the unit error originated from an article you used from the web,
by coincidence an article I been reading says..
"The Btu content of gas is usually expressed as MMBtus (1 million Btus) or mcf (1000 cubic feet)"
Somethings not right there...
followed by "One cubic foot of methane gas at standard temperature and pressure contains exactly 1,000 Btus."

less than 1/2 ours today..
fully diluted £25m, based on gross proceeds of $10m from IPO

@keithOz, its worth looking through Nobles prospectus, they are aiming to make a discovery around our lake using the same historical data as their start, obviously different lines, just north of us, a continuation of our area..
also dealing with the same Authorities, Rules and Regs..
So some information relevant to us..
Also if He1 make a discovery, that derisks their prospects, and after listing their MC will be less than half ours..

@JoshCLSE, I read the article the same, 54p on discovery as no mention of commercial CoS..

"The price target incorporates the broker’s belief that Helium One has a 35% chance of geological success, it said, but was not afraid to suggest 54p would be attainable if success was certain. "

looking forward to the broker note more so now. I hope it does not disappoint

Whats interesting is the "54p if success was certain".....
Just one discovery will give success, and that is a lot higher than the individual prospects listed in phase 1 so do we have a new or upgraded(larger) prospect..??
I believe that was the reason(bigger) for moving further into the basin, and looking for deeper targets

@skittish, nobles prospectus states the 8-10% helium samples were taken from Salt Works

PDF page 60
https://noblehelium.com.au/wp-content/uploads/2022/02/2022-Noble-Helium-Limited-Prospectus_HR_compressed.pdf