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TTS

Normally I would imagine it would be as you describe, but the Kenyan Customs Authorities will have sussed out what the drill is to be used for (i.e. not just a water borehole), and at this moment in time will be dreaming up an exorbitant duty fee to be paid before the rig moves an inch from its current Yard.
Could be months before the documentation is completed satisfactorily and even looked at, and probably months more before a squabble over a reasonable size of fee is settled.
Brown envelopes, US dollars, Carribbean holidays, perhaps! Who knows where this might go?

PT
I posted a bit about the potential engine issues on Monday, and the longer the silence, the more likely that the problems have been caused by the worn injectors, and are not just specific to the injectors themselves!
A couple of days would strip out, clean ports, and install new ones in a workshop fit for purpose for a clean conditions rebuild - it may be that the truck, or engine, or cylinder head has been moved to an authorised CAT repairer ?
Who knows?

Dai

Totally agree with your take on the accuracy of statements in the RNS's and that's why I am sceptical about and have reservations about the engine.
It is very unusual to blame or troubleshoot a whole set of 12 injectors for the engine problems. Normally if the fuel system of a large industrial Diesel like the CAT engine is causing performance/power issues, yes, you would look at the injectors, the main pump, fuel filters, tank and lines. But to state that the 12 injectors are all showing advanced wear at 5000 hours on an engine this sizes seems strange. Normally one or two might be failing, but all 12?
If they all have advanced wear then it would suggest there has been another issue - dirty fuel, filters missing or not changed, water presence in the fuel, etc. over a long timescale.
The point is when you have 12 advanced wear injectors, then the inefficient fuel burn in the cylinders is going to compound into wear/problems further into the guts of the engine, as I posted previously.
That's why I said to Kevin about the reconditioned unit in Ohio.

On Tai, I was pleased with the Mitchell appointment, but I always had the fear that the Drill was just not up to the job being asked of it. I think HE1 were offered and contracted it thinking it was all they needed, but the slow drill was due to Randy, the drilling crew gaffer knowing the score with the drill size, geology conditions and depth required. Think if Randy had had the option he would have walked away before the Tai 2 nonsense!

The Predator is a good size match for the work coming up, but out of action for years, and the engine questions on 5000 hour machine are worrying!
I have a John Deere Tractor 20 years old with over 14000 hours and never had to crack open an injector.
Next couple of week have to reveal a lot of unanswered queries.

Thats it in a nutshell Dai!
Think ill just sit back and watch the Fitter's wife buying those 7p shares.

Dai

"Helium One has re-commenced the ADC audit of the proposed drilling rig ("the Rig") which remains ongoing. During the process of running the audit ADC noticed irregularities in the operation of the Rig's CAT C-27 diesel engine. The engine was stripped and the issue traced to advanced wear on the engine's twelve fuel injector nozzles. Spare parts have been sourced and are in transit to Kenya. Once these parts have been installed, ADC will continue and complete the audit."

When you actually read this, it does not necessarily limit the fault to the Injectors, as it actually says the ISSUE was traced to the advanced wear of the injectors! Injectors can be worn but still working in a fashion, but what will happen is serious flaws in accurate delivery to allow combustion, and the ISSUE may well be hot spots and burning to the top of the pistons has appeared, then leading to liner wear, contamination into the engine oil, main bearing failure, etc, etc.
So we may be looking at more than a set of Injectors!

Dai
Still for Sale on Drilling Supplies Europe website, no SOLD sticker over the Ad?

Dai
Thanks for that, must of missed it in the update! Price going the right way as if someone is listening to a sweet tick-over of a CAT engine. Next three or four weeks they'll be packing everything up ready to move to Rukwa!
Is that Trek Madonne coming over the hill with a £5 placard?

The fitter must be getting through them now like clockwork, his poor wife can't keep up with the buys!

Kevin

Think the Lol at the end tells you I was being light-hearted!
In all honesty though, when they have them, then a couple of days will see the engine tested and let them know if there is an improvement or they have more serious issues such as damage to top of pistons because of the injector failure causing rogue fuel issues in the cylinders when combustion takes pace.
There is a complete re-conditioned and warranty C-27 Engine crated and ready in Ohio for $192,00 - maybe they should buy that as a back up?

So they have arrived and the Diesel Fitter is putting them in as we speak - every time he gets one done he phones his wife and she buys some more shares at 7p
Just need 12 hits on 7p and we will know they are done.
Will she buy at 10p when he starts it up tomorrow? Lol

WTF is going on here? We have just cut out nearly 45% of our Licence Area, to save $309,000 Dollars/Year
This is an open invitation to the Tanzanian Government to cease the Licence Agreements now expiring as they will look upon it as loss of revenue of $309,000 Dollars a year.
Also HE1 must be starting to appear as a company ****ing about with a bucket and spade, pretending to extract their potentially massive value resource!
What is to stop the Tanzanian Govt. offering the whole 3448km2 Area to Noble/Woodside who are showing much more drive, incl. planned 3d seismic, and would have the cash to pay for them? The govt. would most likely get their full licence money, and a quicker result to discovery!
This is crazy!

Extract from RNS attached below:-

Licence Renewal

Helium One has submitted licence renewal applications over 14 of its 18 licences, which are due for second renewal during September and October 2022. As part of the renewal process, Helium One conducted a review of all the Company's licences held with a view to fully or partially relinquish licences that were not considered to be prospective for helium.

The Helium One technical team selected the chosen areas for relinquishment based on the following criteria:

· inaccessible offshore areas with no, or poorly, defined exploration leads;

· onshore areas with no, or poorly, defined exploration leads; and

· onshore areas on outcropping basement i.e. no sediment fill therefore deemed to be non-prospective

Retained areas were selected based on the following criteria:

· existing prospective areas with 2D seismic data coverage;

· offshore areas with well-defined leads i.e. defined by multiple seismic interpreters, and supported by gravity - magnetic data; and

· onshore areas with well-defined leads and prospects in areas with known surface helium seeps

Prior to renewal, Helium One holds a prospecting licence footprint in the Rukwa Rift Basin totalling 3,448 km2. Following review two PLs were fully relinquished (PL10728/2015 and PL10711/2015), and a further six were partially relinquished (PL10727/2015, PL10712/2015, PL10710/2015, PL10725/2015, PL10709/2015 and PL10686/2015). The others remained unchanged. This combined relinquished area totals 1,548 km2 saving $309,600 per year in licence fees.

By relinquishing portions of our licenced acreage, Helium One can eliminate those areas deemed to be non-prospective and ensure future work programmes are focussed more effectively on the remaining, higher ranked acreage that is leased.

Latorre

What positives were there to take from the RNS
Non of the following worrying points:-

*We will be relying on equipment, tools and materials supplied by Baker Hughes ONCE existing work is complete and they can demobilise and transport. A letter of intent is about as good as an IOU written in invisible ink. And so open-ended its laughable.
*Absolutely no mention of a Rig Crew yet - only states BH will supply equipment, tools and materials.
*"The equipment will be warm, having been recently working, avoiding the many maintenance issues associating with equipment that has come from storage and avoiding downtime during operations." Surely this equipment will need to be scrutinised prior to re-deployment?
*The opposite thinking is applied to the Rig, which has been lying for years in storage, NOT racked ready for work! Stripping an engine and identifying poor performance of the engine as advanced fuel injector wear, which when replaced will cure the problem, to me , is a dangerous warning sign that this rig has had a hard life, possibly dirty fuel, oils, and poor maintenance regime, especially when talking about a CAT engine. CAT are probably the most durable power units available.

So big warning signs for me now. I am a great believer in the prospects, but very disappointed on the route taken since last August

Who are you talking to, Pat?

Great post TS

Totally sums it up for me - only thing I would add is I am now becoming disappointed in IS as well, as his track record is so much better than this!

Don't even know if ADC are back to complete the Audit yet, as they are extremely busy with North Sea Rig work due to current circumstances!

Also , if they were so convinced of a Discovery after the drills last summer, surely they would have started searching for the right drill/partner then, not in Feb/Mar this year?

RNS tomorrow me thinks!

Exactly Keith! There are hundreds of Rigs around the World laid up, plenty of them ready to go, but I think the crewing of Rigs is now the major problem. The world has changed over the last 2 and a half years, and there is now a huge shortage of suitable and willing Staff everywhere you look around the World. In Haulage, Transport, Hospitality, Engineering, Facilities, and literally every other discipline. O & G is no different, and I remember posting on here a number of months ago that the available labour force in North America is 50% of what it was in 2019, and only 1 out of 10 new recruits to the industry remained after a full year. May not be such an issue in Africa, but the training takes time, and as in many fields, experience is everything.

Keith, do you consider November last year as up to date for a Media section? The website has been left to wither in many areas.

You beat me to it TS
Shocking to see the lack of attention paid to updating this! What prospective Investor would treat us seriously when they see the significant shareholder list not updated since June last Year? When you try to send them a message, there is either no response to the message, after thanking you foe contacting them, or a message appears OOPS? SOMETHING WENT WRONG. I have sent messages before with the same result. Poor PR

Own up! Who bought 666 shares half an hour ago?

While I am at it, the Significant Shareholder list on the official Website hasn't been updated since 28th JUNE 2021
Kind of shows what we are up against here.
Get it updated HE1