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Just how this could this potential payzone be in the Red Sandstone, we must be in amongst it now. I will take my lead from the CEO and certainly share his enthusiasm.

OPEX is $70 mcf, according to a recent interview.

The valuation model is certainly encouraging, especially now that they have had gas shows in areas that were previously considered to contain inefficient seals. What has now been highlighted is that it doesn’t take much to create an effective seal and as such the benchmark for sealing the He has been significantly reduced and the potential resources should increase to reflect that over time.

As I have previously expressed, upcoming news/data from the recent gas show will in many instances take the market by surprise, and the significance of further gas shows between here at TD will only now contribute towards an elevated frequency of newsflow that will keep the market well informed.

Referring to the success of Desert Mountain Energy and it’s respective report of significant gas shows prior to running production casing should demonstrate yet another encouraging indication for HE1 as Monday’s significant update continues to highlight the benefit to shareholders as the company reports in real time. Gas shows at a depth that represented free helium gas in the subsurface is stopping just short of what should be an official gas discovery announcement. Probability of a recovery of gas to surface following wireline logging has only increased given the circumstances that surrounded this report.

These are extremely encouraging times as the stratigraphy continues to represent an active helium basin that could surpass even the most optimistic of expectations as the campaign evolves over time.

As early as tomorrow morning, further updates could be provided that would only serve to encourage investors to increase their exposure as we continue towards TD.

I look forward to a more detailed RNS of the most recent findings for discussion.

100% concur.

31 minutes onwards

https://youtu.be/mSRlSXVzjBE

Well worth the watch, references Helium One and Tanzania

https://www.wired.co.uk/article/huge-helium-reserve-discovered-in-tanzania

A culmination of many years of work.

Allowing for a drilling depth of 30m per 24 hours, even though I believe that given that they have already drilled to previous depth once before which could imply that they could pick up the speed when covering the same depth between 483m and 561m. Depending on how long they continue to see gas shows, which is likely to surpass 561m. I expect an RNS in the next few days that will fully identify the total length and He percentage of the show and then communicates to the market what will come next. (Wireline/cement)

In all honesty we could see multiple ‘gas shows’ between now and TD which will also be reportable, that’s what our CEO now expects given the benchmark for an effective seal has been drastically reduced.

My opinion is that if you were to own the stock during a drilling period given how this drill has been communicated to the market to date (gas show, wire line, flow/sample test), the last 800m was/is the time.

https://oilprice.com/Energy/Energy-General/Bezos-Branson-and-Musk-Scrambling-For-Supply-Of-This-Rare-Gas.amp.html?__twitter_impression=true

In the same way that governments and large corporations have secured strategic supply for lithium, I believe the same can be expected here.

I am waiting for the stream of buys to role back in as we anticipate the re-penetration of the previous gas shows which should be backed up with a further RNS with additional data. Given the excitement I expect this to be the first payzone of many.

Market isn’t watching properly.

More importantly, focus should be fixed on the number of gas shows between here and TD, the more the better. I think the market will get it soon.

Share price held up well today following Friday’s strong move, and even in the face of a number of sells you are seeing an orderly market as those that take profit are met by those that continue to build a stake.

As was eluded to in the interview on Friday, institutions are actively buying as the company is yet to represent fair value.

Having drilled the same formation once before they are likely to drill faster to previous depth IMO.

With the sidetrack and new lead time priced in we can now expect multiple gas shows on our way down to target depth. 9 meters to beat.

- Gas show at 70m and 560m (disclaimer present as standard)

- Side track in low cost drill $1.2m per well, maybe 50% increase in cost

- Working helium system

- Further evidence of reduced benchmark to create an effective seal.

Not far from main targets!

Oh how beautiful the market can be sometimes, just increased my position by 50% because some don’t get it.

I don’t believe that I am the only one that can see the positives in the RNS. At $1.5m dollars a drill, a delay is at a cost but nothing that would rock the boat. A further gas show with bloody bubbles in mud goes to show that it doesn’t require much of a seal to trap this helium. Wow, huge news for me. Bigger news for the company.

Wouldn’t rule it out and the book feels strong

Unable to buy volume!

Has opened stronger than it closed yesterday. Not in terms of a shift in spread, but market makers sitting on the bid and moving higher on the offer.

Will the market invoke an RNS today through significant share price movement? Perhaps we can just expect fun and games, you betcha!

Based on reported drill progress to date, I would have them casing prior to drilling into primary target. Guesses and speculation.