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Which is better a well with 0.5 mmscfd of 4.7% helium or a well with 4.5 mmscfd at 0.5% helium which has had to be stimulated to get that flow rate & is also contaminated with co2.
the area has been known for helium leaks for decades which means in all likely hood that the helium will flow for many a year to come.
He1's find is more concentrated & cleaner fund raise or financed by off take partner it's got to be a no brainer !!!
GLA
Ha, so Lorna would not be retained to find & pin point other sources of Helium to grow the companies resources.....think she will be worth keeping on myself !!!
If 0.5 % helium mixed with other gases is commercial then it must follow that at 9 times the density reported so far at 4.7% pure helium & flowing with no stimulation HE1 at 0.5m, does that not suggest that it would be an equivalent to a flow of 9 x's the rate equivalent. bit simplistic I know but makes logical sense to me. any how we shall see what we shall see.
American Noble Gas.
The Company's first production well, the Peyton 21-1, has been producing natural gas, natural gas liquids, and helium since August 11, 2022 at rates most recently over 100 mcfd (Thousand Cubic Feet Per Day). The results are particularly noteworthy because the Peyton 21-1 well is free-flowing despite the fact that modest fluid has accumulated and is impeding the flow at the bottom of the well near the production zone perforations. A pump has been installed and will begin moving the accumulated fluids to further open up the flow of gas which we expect will improve production from the Peyton 21-1 well. It should be noted that all three upper main pay zones have not yet been tested. Only the middle pay zone is currently being produced, with the addition of more pay zones in the future, the Company believes that production may be enhanced further.
The helium concentration of our produced gas is approximating .5% which is accumulating in our account held by the processor and awaiting final sale. The Company is currently in talks with multiple potential buyers of its production. Our agreement with the helium processor provides that we control our own destiny and may take our helium 'in-kind' at the tailgate of the plant. This enables us to sell our helium to wholesale and retail customers including industrial gas distributors at prevailing market rates throughout the world. Among the various terms being discussed with potential buyers, are price, as well potential financing arrangements, whereby the helium buyer may assist the Company in acquiring capital for growth including the drilling of additional wells in the Hugoton Gas Field, on favorable terms to the Company. The potential arrangements would provide the helium buyer with a reliable source of helium supply, and the Company with prevailing retail helium market prices and access to a reduced cost of capital for future growth. Helium gas is in short-supply worldwide and its retail value has increased dramatically recognizing its short supply and growing uses.
Is it not sense to mention a company that's in the same area as your own, to back up what you've discovered yourself.....makes perfect sense as far as I can see, your both in it to win it so why not use one another to push the message home.
surely a good ploy on both plays.
GLA
HE1 did field test to confirm to the company what they had, they sent the second samples off for independent verification to show possible off take buyers that what they have discovered is above board,which will then encourage them to get on board !! Noble have already stated that they are in talks which may lead to them getting finance to speed towards production !!
Million plus buys keep moping up the sells so, no matter what some say this is not all lost but actually looking positive for whats to come !!
GLA
Just a reminder....
Describing the developments as a “transformational opportunity”, Blaisse said, “There is a lot of data we are unravelling, it’s shifted our mindset slightly, to see how we develop. We are working in the geologically unique Rukwa Basin, we are flowing high concentrations of helium to surface, and those concentrations are far higher than any other pure helium producing fields globally.
Just re - read Noble Heliums ASX announcement from 7th Feb & reminds me why I'm happy to be invested. Can.t think that NH & HE1 can both be wrong .
Patshare I belive you are spot on, perhaps as there is 4.7% helium emerging then perhaps there is a larged amount of Uranium decaying to produce the elevated Helium readings & purity that Lorna has found. So 100 yeras life span could be very conservative .... Yippeee !
Break 100m & the big boys are allowed in .
Think I need help, I'm almost getting very hopeful !!
Do we have a unicorn coming !!!
Surely a partnership/merger between Noble & HE1 would be a great move. Rukwa is obviously massive & they seem to have carved up the licenses between them & from Nobles presentation they have commissioned a couple of Geologists to map potential other Helium plays around the world.
We have better grade Helium they may have better mapped information.
Something to mull over, massive but massive player in Helium market, WHO KNOWS
GLA
Seems to be what Noble are arranging. Off take partners taking responsibility for cleaning & transporting their Helium.
Sounds brilliant deal to me HA !
Go HE1
According to MF He1 is the only FTSE Helium play !!
When confirmation of what's been found is revealed, as the only access on the FTSE, this SP will go potty !!!
Many many RNS'S will arrive in the morning..............unlikely to be here !!!!
Not from what I'm seeing on level 2 !!
A bit of upward movement, ha ha it won't last, someone will manage to put the mockers on it !!
Rocket to the moon or back to earth with a bump, hope it's not the later.