Member Info for Glib

Agreed. The reason for the price increasing was largely due to the US helium reserve no longer selling to the market. Only universities and labs doing federal research can still get supplies from there. The sale process has already begun as per the BLM press release a few months ago, so these labs only have a year or so to find new suppliers.

As more green technology is used and less fossil fuels are extracted, helium will become scarcer. That is why other countries are looking to develop pure Helium plays.

In the 200 page PDF, it mentioned the storage tanks they were intending to use. I don't think they will be concerned with onsite storage until they know they will have something to store. A few years ago I read some research notes about Helium and Graphene. It was beyond me and I haven't seen anything more recently, but it may be possible for graphene to contain helium or reduce losses. I was researching Versarian VRS at the time.

Good catch Steve. I had a quick look at the FCI and Local Content Plan requirements.
I'm glad we have people with experience in this area and know what they are doing.

Excerpts from the admission document are below. I read it as 138Bcf of recoverable Helium, not gas of which Helium would be 10%. (Https://www.youtube.com/watch?v=mMhCqtdeBx0)
Pipes from the wellheads are indeed the expected option as you say. One of the things that was being looked at a while ago was transporting the Helium by helicopter. Not heard anything more about that though.

There is an efficient route to market for the Company’s helium with major roads, railway and gas pipeline infrastructure all within proximity of the Company’s Rukwa Project. The Tanzam highway runs close to the Rukwa Project and is a major goods transport highway to the port of Dar es Salaam.

All of the Company’s projects have surface seeps with helium concentrations ranging between 2.5 percent to 10.5 percent by volume.

Helium One is proposing small modular facilities to store the liquid helium that can be extracted and transported to port via ISO containers mounted onto trucks. This will result in a relatively small footprint with no pipelines being necessary other than the gathering system from the wellheads to the plant.

gathering system – local buried pipe network

Estimated operating cost for production, processing and admin/overheads are ~USD$15-20/Mcf
Estimated selling commission (3-4%) and Royalty (3% (+ 1% Clearing Tax)) would be variable with
selling price, but at an average bulk helium price of USD250/M would result in estimated operating
costs of ~USD$32-37/Mcf.

Independent experts SRK, have estimated an Unrisked Prospective Recoverable Helium Resource (2U/P50)
of 138 billion standard cubic feet, using the O&G industry standard SPE PRMS methodology. This
Prospective Resource occurs in 21 Prospects, has been defined by the 2D seismic referred to above and
is supported by data from two legacy exploration wells.

It has been listed for about a week - about half of which it was not available on all platforms.
Cash shell and IPO traders will be taking profits or getting out. This will be a volatile stock for a few weeks yet.

£32M MCap with a potential resource value of £30Bn
AOGL had about £1.5M before the RTO, £6M raised in the placing
125km 2D seismic to start in January.
Drilling to start in March/April for 3 test wells

Once resource is proven, CEO stated the $50M plant would be paid for with borrowings.
If more funds are required, it will be after the 3 test drills. One area has had Helium seeps since the 50's at 10% concentration.

We need to come up with our own valuation for this share. I am comfortable holding and will hopefully be able to buy into some of the dips.

Something sounds wrong there.

If you bought AOGL about 6 months ago, you would have paid around 0.013 per share.
£500 would have got you around 3,846,153 shares
After conversion you would have had around 16,297 shares at 2.84p for HE1 (£462.83)
Today, this would be worth £1,222.27

Do you know how many shares you had? Or is that dashboard figure for all your investments?

I hope so Ors. I wouldn't decline if they offered shareholders a reduced price to raise $3M for more borewells and scanning after commercial discovery. That was mentioned in the SRK report, so yes, HE1 has not mentioned the need for more funds that will not be met by borrowings.

When Attis became a cash shell, it had 6 months to get a new investment or disappear.
Our investment was a Reverse Take Over by Helium One which seems to have been an amazing piece of luck for Attis holders.

You got 1 HE1 share for 236 AOGL shares
0.012 was the price of AOGL a few days before the announcement. 0.012 x 236 = 2.832p
HE1 gave us 2.84p so we made a slight profit with the rounding up.

If you bought when Attis was a cash shell, then you will be in profit now - SP 7.5 instead of 2.84
If you bought after the announcement of the RTO, you should be in profit, although a few bought slightly higher than the current SP.
If you bought when this was NCT / MYN / AOGL then there is little chance of you being in profit as you will have been in here for a long time and losing money all the while. For my AOGL holding, I would need the SP to reach 252 - I'm just glad I took the plunge and bought when it was still a cash shell. Still making a loss, but have topped up between 6-7p after the announcement as well.

Extra funds will be needed.
If they find Helium at commercially viable levels they will probably want to do 3D mapping to ensure they don't damage the structure of the helium trap and to guage the volume. If commercial levels are found, then the SP is going to take off, so not too worried about them being able to offer a placing to their shareholders.

It will depend on when everything gets signed off probably.

They are also 100-125km of infill 2D seismic mapped in Q1. Based on the results of this they will look at where to drill.
There is no set time as they are still to get the drills and may need to wait for them to be available. They are Hoping for March / April though.

Sorry, that was page 33 of the SRK report. Page 104 of the document... probably

I knew I had seen something, but could I find it?

Rukwa Project area predominantly belongs to the Open Areas (OAs) category. A portion of the licence
in the north of the Project Area is located within Uwanda Game Reserve (Figure 7-1). There are no
games reserves or major forest reserves within the Eyasi and Balangida lease areas (Figure 7-2).
Helium One is currently preparing an Environmental Impact Statement (EIS) in relation to its upcoming
drilling program within the Rukwa Project Area. Helium One does not have any activity, nor is it
planning any activity, within forest reserves or game reserves. There are no national parks within
Helium One’s licence areas.

Page 33
Http://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf

We would need more info to assist you Prof Potts.

How long ago did you buy AOGL - it was a Oil producer (kind of), that was in trouble, then became a cash shell after selling off its assets.
There was a reverse takeover announced in November which gave the SP a boost. HE1 was going to convert AOGL shares at 0.012p - 236 AOGL shares for 1 HE1 share at 2.84p
AOGL was trading above 0.012, reaching up to 0.03 at one point as investors thought when HE1 hit the market, they wouldn't be able to buy in that low. We are now around that same price.

So hard to think of this in terms of AOGL now.

SP has gone back to the higher levels we saw at AOGL. SP going up, Positive prospects for the future and great potential.
What happened to the good old days? Project delays, weather interrupting development, empty promises, 3 placings within 6 weeks...

This is not the company I know. So disappointed - RIP AOGL.

If they have a twitter feed, I would put something on there. Companies don't like bad publicity.

I suggest you contact 212 if your shares do not convert today.
AOGL shares should not disappear. This was a reverse takeover, so you should get 1 HE1 share for 236 AOGL shares.

Your shares should have converted at 0.012 on around the 2nd.
Then you would get 1 HE1 share for 236 AOGL

@burnbankbrian
Would that not be because of yesterday's drop?
0.0167 x 236 = 3.9412p average price
93771 x 3.9412 = 3,659.70 cost
4.625 / 3.9412 = 1.1735 = 17.35% profit (634.95)

SP at open yesterday was around 5.8 and ended at 4.25 - down around 36%
Opening SP 5.8 gave 47% profit (3,659.70 + 47% = 5,380 - 3,659.70 = 1,720.30)
Closing SP 4.25 gave 7.8% profit (3,945 - 3,659.70 = 285.30)
Current SP 4.625 gives you 17.38% profit (4,295.76 - 3,659.70 = 636.05)

AOGL closed at 0.0255.
0.0255 x 236 = 6.018 This would have given you 65.49% profit (2,397)

To have 4,200 profit, total holding would have been 7,859.70
7,859.70 / 93771 = 8.38p
8.38 / 236 = 0.035 in AOGL terms.
This might have been the highest point AOGL got to. We didn't stay above 0.03 for long.

My shares on iweb have still to convert, but it looks like most platforms now at least list HE1.
Hopefully a few more blue days to come.

I just tried a test on iweb and got offered shares at 4.6p
Still got AOGL shares - not yet converted to HE1.

iweb (operated by Halifax Share Dealing) still have the shares as AOGL.
I thought there would be a delay, but i didn't think it would be more than a couple of hours.

The only event to take place in the immediate future is for the brokers to get their finger out. Shares are still showing in accounts as AOGL and only a few platforms had HE1 as a tradable stock on Friday. Next week should show some activity - either way. Will people want out? Will the market want to get in early?

100km-125km of infill 2D seismic scanning (2-3 months)
data analysis for best test sites (1 month)
3 lead drills (to max of 800-1200 m) (2-3 months) Hopefully including analysis of the results.

This time next year Rodney...
We'll be a year older.

The above is my opinion and should not be considered factual any more than if some stranger in the pub told you this. No liability is accepted from what may be implied or inferred. Please DYOR and remember share prices can go down as well as up... although I hope by drilling time this will be 12p+ Bwahahaha.