Member Info for DownToTheBone

Even the UK Geological Society like the HE1 news :)

https://twitter.com/iMuesliBrown/status/1754469481861001591

Give it some love 🥰

https://x.com/heliumone1/status/1754399994130386998

Got it - found it here, different HE isotopes can dissolve in sea water.

https://www2.whoi.edu/site/igffacility/seawater-helium-isotopes-and-noble-gases/

Ok - so the Hannam Partners doc shows the activity in the diagram in pg 2 … helium is seeping into and being trapped with the underlying rock formation.

https://www.helium-one.com/wp-content/uploads/2023/02/21-08-11-Hannam.pdf

As far as I can tell Helium does not react with or dissolve in water so I’m not clear how it becomes ‘trapped’ in the liquid … maybe someone else can explain.

This is a good read, some technical bits so don't fall asleep ...

https://www.lyellcollection.org/doi/10.1144/petgeo2021-029

Halfway down ...

The Tanzanian section of the East African Rift System (EARS) is an exemplar region where all of the characteristics for development of a helium resource are met. In this sense, Tanzania represents a unique opportunity to develop a ‘play fairway’ approach for helium exploration. A play fairway is defined as the area occupied by a suitable reservoir rock for helium with an associated overlying seal horizon with access to migrated helium from its mature source rock. Within the area occupied by the play fairway one would expect to find prospects, configurations of seal and reservoir rock that could trap helium and other buoyant gases.

We show that sections of the Tanzanian East African Rift contain most, if not all, of the prerequisites for an economic helium province. Noble gas data from gas seeps in the west and east branches of the Tanzanian section of the East African Rift System contain 4He concentrations of up to 10.5%. This, combined with the potential 4He generated by the Tanzanian Craton and surrounding mobile belts of c. 7.0 × 105 BCF (2 × 1013 m3 4He (STP)), implies that even with inefficient release, migration and trapping, these regions could provide high-helium concentration reservoirs.

From 2016 …

https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

Now, a research group from Oxford and Durham universities, working with Norway-headquartered helium exploration company Helium One, has developed a brand new exploration approach. The first use of this method has resulted in the discovery of a world-class helium gas field in Tanzania.

Https://www.ox.ac.uk/news/2023-03-02-new-study-could-help-pinpoint-hidden-helium-gas-fields-and-avert-global-supply

Research led by the University of Oxford could help overturn the current supply crisis of helium, a vital societal resource. The study proposes a new model to account for the existence of previously unexplained helium-rich reservoirs. The findings, published today in Nature, could help locate untapped reservoirs of accessible helium.

Https://www.linkedin.com/posts/oxford-earth-sciences_primary-n2he-gas-field-formation-in-intracratonic-activity-7037052910580457473-zIFo

Post referencing the article in Nature magazine liked by Noble and Helium One employees amongst others …

Now on Yahoo Finance ... PR News syndication ...

https://finance.yahoo.com/news/copl-action-group-shareholders-canadian-084200203.html

So some Twitter handles for anyone who wants to tweet the news release:

The Times

@TheTimes

@HoskingTheTimes - Patrick Hoskins, Financial Editor

This is Money

@ThisIsMoney

@_simonlambert - Simon Lambert, Editor

CityAM

@CityAM

@silvesterldn - Andy Silvester, Editor

The Telegraph

@TeleBusiness

@cg_williams - Chris Williams, Business Editor

The Guardian

@Guardian

@jmcollingridge, John Collingridge, Business Editor

Financial Times

@FT

@FD, Dan McCrum, FT Investigations

https://www.prnewswire.co.uk/news-releases/copl-action-group-shareholders-in-canadian-overseas-petroleum-limited-require-answers-as-company-loses-98-of-value-302043695.html?tc=eml_cleartime

PR News Wire syndication begins …

https://themalaysianreserve.com/2024/01/25/copl-action-group-shareholders-in-canadian-overseas-petroleum-limited-require-answers-as-company-loses-98-of-value/#

All the relevant publications can be tagged on Twitter plus relevant reporters at each as a start ..

Essar Oil (UK) is wholly owned by Essar Group. Essar Oil is indeed owned by a Rosneft and other and is now known as Nayara Energy - a private company. Essar Oil was purchased in 2017 from Essar Energy Holdings.

https://www.petrolplaza.com/news/7219

Spot Bitcoin ETFs Explained: Everything You Need to Know

https://www.investopedia.com/spot-bitcoin-etfs-8358373

LONDON, Jan. 4, 2024 /CNW/ - Atlas Capital Markets LLC ("Atlas") announces that, further to the press release issued by Canadian Overseas Petroleum Limited (the "Company") on 4 January 2024, Atlas was issued 305,598,679 common shares of the Company (the "Share Issuance") pursuant to a share settlement option exercised by Atlas relating to convertible bonds previously issued by the Company to Atlas.

Immediately prior to the Share Issuance, Atlas did not own or control any shares of the Company. Immediately following the Share Issuance, Atlas owned 305,598,679 common shares of the Company, representing approximately 22.7% of the issued and outstanding common shares of the Company.

On 4 January 2024, Atlas sold 45,000,000 common shares of the Company (the "Sale"), representing approximately 3.3% of the issued and outstanding shares of the Company, to persons outside of Canada at a price of GBP 0.0013852 (C$0.002339) per common share, for aggregate proceeds of GBP 62,334 (C$105,294).

Immediately following the Sale, Atlas currently owns 260,598,679 common shares of the Company, representing approximately 19.4% of the issued and outstanding shares of the Company.

Atlas entered into the Share Issuance and Sale for investment management purposes. Atlas intends to continue to review its ownership of shares of the Company on a continuing basis and may determine to buy or sell additional securities of the Company.

What about Anavio in all of this, is there some reason they are pulling a few strings in the background as well re the JV deal. I’m clutching here but in what situation would they be unhappy about a jv?

Wait … you mean this nonsense from Toffs 🤣 … was removed …

RE: WUP Outcomes

Today 09:24

Pwlx, you're an idiot. 

Gowlings have to demonstrate to the court that they've taken every action conceivable to try and settle the matter and the WUP was the last action left after everything else failed. 



CS himself made it clear in his rns about being served with the petition that they were now trying to find legal assistance, in other words, they had done nothing about it prior to that, and it doesn't look as though they've been successful since either. 

If they had come anywhere near negotiating a successful settlement, Gowlings would have notified to the Court that the case was now settled, but that doesn't seem to have happened. 



Gowlings would had adjourned todays hearing if they hadn't followed all the necessary steps towards the same. 



Something happened on the case on 14 November, but caseboard doesn't have it noted. It could be that the Judge agreed to dispense with advertisement of the WUP for some reason, or it could be that Eurasia have written in to the court and said they are not contesting the WUP, but it doesn't look as though they've settled it to date, as there is no order to confirm the same.

Whether they go cap in hand to court today and say they will pay it off within 24 hours and so proceedings should be stayed remains to be seen, but the Judge is going to query their financial circs in any event no doubt, and they've openly admitted in rns's that they are virtually out of money in this jurisdiction. Of course, they are not where they have stashed money away, but that's not in this jurisdiction.



The last rns made it clear they have very little money left here. They could have given up their salaries to pay Gowlings, but nope, they kept taking them. 



entirely my views.

How many we expecting will be bashed out today? Must be some sort of record incoming for ODP (One Day Posts) 🤣

Https://windinguppetitionsolicitors.co.uk/opposing-a-winding-up-petition/