Member Info for gogsthelogs

This could go Red because Toffers bought in at 1.42p lol

1st post on here, is it your first day in the City and Pin Stripes? lol

Drill has done its job, and now being pulled out?

Is that you back in with the 7 shares bought at 8.30 Toffers?

You are like a broken Record now!

Sometimes Less is More!

Just saying!

Peakybrum

Craig will be in his bed - he lives in Oz, the land down under! 🇦🇺

Just come back on, and I can't see any obvious updates!

Helium One Global Website

This site is currently undergoing scheduled maintenance.

Please try back soon! Mmm 🤔

Ryryryry3 👏

Tai 1 was spudded on Saturday 12th June 2021 and RNS released on Monday 14th June 2021

Tai 3 was spudded & RNS announced on Monday 25 Sept 2023 ( but may have commenced at the W/end previously)

ITW 1 was spudded on Saturday 6th Jan 2024 and RNS released on Monday 8th Jan 2024

So they have a track record of Spudding before announcing they have started, and in this instance because the Drill is only extended approx. 150 metres deeper, most likely the completion to TD will be the RNS announcement!

Bang on Craig 👷🏽‍♂️✔︎🔑🔓🇹🇿

@Dai

Morning to you and all genuine investors!

I have likewise been curious about the updated status of the Iron Roughneck being replaced or not, however the solution of the Tongs in conjunction with the Hiab hydraulic Crane Arm on the deck appears to have been a good one, and hasn't impacted workers safety so far, so should be ok for the 150 metres imminent deepening of the well.

The 2 "Cranes bought" is an interesting one! If Itumbula West 1 is a goer as a production well, and therefore a fairly mid to long term project, it would make sense to have in-house lifting facilities.

Many large companies don't buy their own Plant, and find hire/lease as a cleaner easier management solution, but being in isolated, rural Rukwa, ownership could make sense, as it can reduce reliance on others, both regards availability and on-going hire charges, and fine tuning timeline planning. Also the assets bought have an ongoing value, albeit a depreciating one. We also have Engineer/Mechanic in employment, so would firm up the value of that position!

My reading of the situation is that one will be a large 4WD Loadall Extending Mast Forklift ( JCB or similar type) for the general yard duty like Pipe handling, moving Containers, Generators, Pumps, and off-loading Truck deliveries.

The second will probably be a toss up between a small truck-mounted wire operated Mast Crane for Bigger site duties, or a Large truck mounted hydraulic Hiab Arm Crane on a Flatbed Truck, suitable for Transporting loads from Site to Site and uplifting materials and equipment from Port to Site - First Processing Plant perhaps (yum, yum)!

COST ? No more than $200,000 would get you both - good S/H units suitable for our needs.

I immediately took it as a cryptic clue when it was revealed. We are at Itumbula for more than a few months!

It's all about to unfold! Gla

Well here's another one! Rig was set up, checked and final prepped on Saturday.! Crew had yesterday off for the footie!

Loading Bit and Strings today and tomorrow! RNS on Wednesday morning to confirm Spud to drill anticipated 100 - 150m further into fractured basement! Maybe ? Maybe Not ?

Here we go!

Forgot to include:-

The 3.5" Drill string would also allow the deepening of Tai 3 further into the fractured basement at Tai!

Suddenly, after 3.5 years scrambling about and waiting for others to deliver, we are now emerging as a self contained exploration and drilling contractor. Getting a little excited about the coming days and weeks!

Think from memory the Casing at Tai 3 in a 8.75" bore, was 7" down to 1430m, although the TD was 1448m, but the last 18 metres weren't wire logged due to hole condition issues. At the time they said they planned to deepen further into the fractured basement, but required smaller 6" drill bit and strings to do that, and these would be long lead items.

So it is reasonable to assume that Itumbula West 1 is cased in the same manner, and that the extended depth will be completed with a 6" bit, and then cased at 4.5 - 5" ?, prior to logging and EWT starting.

The Bit and strings should be on site by now, and ready to spin, once the Crew briefings and H&S are all in place.

Could be an after hours RNS today, or Monday/Tuesday next week, as Dai2belts mentioned previously in regards to the previous Drill contractor/Surprise Rig purchase announcement, the company can throw out some Curveballs when it comes to news and updates!

One thing is certain - we are a day closer to Spud!

UPDATE

Extracted from the 1st July RNS

"The Company-owned drilling rig is on site and is ready for third party services to commence rig-up ahead of spud. The Company has recently purchased its own set of well control equipment, 3½" drill string and two mobile cranes to complement the drilling rig. These purchases will also further enhance the Company's ability to generate revenues in the medium to longer term."

So it seems they have purchased 3.5" drill string, and would suggest that the existing final bore and casing were down to somewhere between 4" and 5", if they need to go that small to get to their new TD!

Also , a bit under the radar, they say they have purchased a set of Well control equipment, and 2 mobile cranes ( JCB Loadall type Forklift + Lorry mounted Hiab Hydraulic Crane ?)

If that is the case , they are amassing a nice little Rig Unit Portfolio, which can reduce Hire Costs and make the likely Rental Package route more attractive! Also makes full-time engineer/mechanic/fitter more justifiable.

We may just be the Groundbreakers for forward planning/fast tracking Projects, as far as New Entry Exploration Companies in isolated Africa are concerned! ARRIVE with your own KIT and get on with the JOB in HAND - Makes sense!

Think from memory the Casing at Tai 3 in a 8.75" bore, was 7" down to 1430m, although the TD was 1448m, but the last 18 metres weren't wire logged due to hole condition issues. At the time they said they planned to deepen further into the fractured basement, but required smaller 6" drill bit and strings to do that, and these would be long lead items.

So it is reasonable to assume that Itumbula West 1 is cased in the same manner, and that the extended depth will be completed with a 6" bit, and then cased at 4.5 - 5" ?, prior to logging and EWT starting.

The Bit and strings should be on site by now, and ready to spin, once the Crew briefings and H&S are all in place.

Could be an after hours RNS today, or Monday/Tuesday next week, as Dai2belts mentioned previously in regards to the previous Drill contractor/Surprise Rig purchase announcement, the company can throw out some Curveballs when it comes to news and updates!

One thing is certain - we are a day closer to Spud!

GLA

Always look on the Bright Side of Life, I suppose!

2 days ago, the Seminar was on as part of a multi company event hosted by Focus IR, at which Lorna was presenting, and presumably answering questions!

Move forward - event cancelled to be re-arranged a a later date.

HE1 hastily arrange an alternative with Investor Meet company, and strangely, Graham Jacobs is added to the presentation, in a must get it "out there" event!

Result ? Complete disaster!

Motivator? Our Ms Sarah Cope hiding beneath their chairs, pulling his uncle Billy and her aunty Annie!

She spoke so well at the African Energy Summit in May, but this is just a succession of em, em, em, em's interspersed between what we know already, and some fairly obvious backtracking! She is struggling I my eyes!

Very stressed and forced so far!

RubaTubCrawl

When Spain win their next game at the weekend, Scotland will be officially named European Champions, as the only team to beat Spain in the cumulative games of qualifiers and finals - 2-0 victory at Hampden in October last year! Nod, nod, wink, wink!