Member Info for foraye

I have been here for the long term for very many years. It has been a roller-coaster that’s for sure! Am hopeful that with the support the company now has from both it’s sister company, the pip-line contractors and the State it will become a solid producer and a reliable investment. With that in mind I welcome any dip in price to build my holding. Good luck all.

Making a commercial discovery and gaining a mining licence is fantastic but how is the potential going to be realised? Has the company said how they plan to finance production or otherwise turn the discovery into cash? What are people’s expectations?

BlackGold

Yes there is a way of seeing the page properly but sadly this would mean not seeing the adverts which help keep this site funded to all our benefit. It involves a download of a software solution block.

One possible theory for the slow progress could be delaying tactics on the part of the Tanzanian government, who wanting a degree of control, offered to build and finance the connecting pipeline. Their only problem is a shortage of hard currency to pay for imported materials.

Possible solution would be for the company to advance a loan to enable it to happen sooner rather than later. Have been waiting 15 years for Aminex to succeed - how much longer?

He1 are potentially in such a strong position that there should be massive competition for a deal to clean and transport helium that He1 could also require a golden handshake to fund the next drill plus royalties on gas produced.

Thanks SM69 for such a clear and helpful explanation.

Have been invested since 2008. If you believe, all you need is patience….

Have a nice day.

I may have missed it being mentioned but if helium is produced very slowly by radioactive decay, what is the rock? Could it be Uranium?

Thanks Neill777 - your early morning prediction of SP movements today was spot on. Enjoying the ride.

Amazing!

Nice to see a cheerful Lorna today compared to the AGM. Now holds 2m shares!

https://youtu.be/iBq5POzMVbE?si=E522j02J3EOTLM62

Was glad to hear Lorna refer to helium dissolved in water not being a major problem as Noble have indicated that the science was ok with that but it is just about engineering the best solution.

Lorna Blaisse, Chief Executive Officer, commented:

"These results are very encouraging indeed and we are delighted to have completed the Tai-3 well safely and to have been able to acquire a full set of wireline logs and downhole samples. This is an excellent result for the Company and a huge testament to the team's performance, especially given the challenges we have faced along the way.

Whilst disappointing that we were unable to run the wireline tools further into the Basement target at this time, given the increased helium shows we saw at this depth, we are confident that by casing the well and suspending Tai-3, we will be able to return at a later date and target the fractured Basement helium play which we believe to have significant potential.

In their recent video the directors of Noble made it clear that they are aiming for rapid monetisation of any commercial find. Has Lorna said anything similar? Surely expectation of early cash coming in other than by dilution is what is needed here. Does HE1 expect to be a hands on production company or is it more likely to seek a farm out?

Bigger similarity between us and Noble (ASX:NHE) than I realised. Timings very similar. Good results there should raise confidence levels here and vice versa. Worth keeping an eye on.

4211m shares in issue
Multiply by share price 1p
Current value £42.11m fully listed company (not AIM)

With a free carry to production and $m’s in expected net revenues in 2024 what can possibly stop this share multi-bagging by 2025?

I have held for 15 years from 7p and not given up on the dream that one day I might get my initial money back.

My 11:10:21 was a purchase top-up at 1.02p, not a sale.

Bought at 7p around 2007 back in the days of Brian Hall as CEO. Hopeful of getting back to that level one day!

Thanks for asking @Dai2belts. Invested for a year or so. Thought it worth a punt on rarity alone and topped up recently.

Last RNS in May 22:

Tai Prospect

Helium One plans to commence 2022 Phase II exploration drilling operations at the Tai prospect which is the most advanced of all leads and prospects identified in the 3,448km2 Rukwa basin.

Management have been encouraged to select Tai as their primary target by new data taken from the Phase II 2D Seismic campaign acquired in November and December 2021 and processed in early 2022. This interpretation, which is now complete, has not only provided improved resolution over the Tai structural closure, but has also identified a newly defined closure in the Lake Beds which was not previously targeted.

Drilling at Tai is supported by stratigraphic information from the 2021 drilling campaign. QEMSCAN analysis on cuttings has provided information on reservoir distribution, mineralogy, seal potential and grain size of the entire sedimentary sequence at Tai-1/-1A, indicating good to excellent quality reservoir. It also confirms the presence of a thick claystone unit at the top of the Karoo Group as well as the presence of intraformational claystone and calcrete interbeds within the Lake Bed Formation.

The Tai prospect is further understood by the identification of multiple helium shows (helium identified in drilling mud) across all formations but which the Company was unable to log or test with wireline equipment. With a robust structural closure, detailed information on reservoir and seal, and the identification of subsurface helium which proves a working helium system, Tai is the lowest risk prospect in our current AOI of the Rukwa Basin for the Company to focus exploration expenditure with a primary objective of confirming a discovery in the 2022 campaign.

Drilling services

The Company is in detailed discussions with both a rig operator and service companies with the objective of drilling the Tai prospect in Q3/Q4 2022, before the commencement of the rainy season.

The Company has contacted an international drilling rig survey and inspection company to undertake a detailed audit of the proposed rig and its ancillary equipment on location in East Africa.

Further details, including the scope of the drilling program, will be provided once the audit is complete and the contract has been signed.