Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dai, great reads, thanks for the links..
I never knew helium one was spawned from research initially financed by Statoil, interesting.
From recent articles;
For his part, Deputy Minister for the ministry of minerals, Dr Steven Kiruswa who witnessed the signing of the Memorandum of Understanding (MoU) between the two institutions, said all the processes should involve the Geological Survey of Tanzania (GST)…
The last paragraph in same article;
Meanwhile, the discovery of gas was first made by the Geological Survey of Tanzania and Helium One Company of Norway in collaboration with scientists from Durham and Oxford universities and was described as a great opportunity for Tanzania through its mining industry.
That reads to me that helium one carried out the GST. The govt seem to be keen to push all efforts to conform with that. Could the govt of Tanzania be pushing both HE1 and Noble towards a JV ? Who knows?
Hi AP,
Found an old article online form a few years back. Given your thoughts on a discovery already potentially being made in some aspect, what do you make of the wording here?
Speaking at the workshop, Helium One’s Chief Executive Officer, Thomas Abraham-James said: “Helium One believes there is an opportunity through helium exploration and development to develop world-class technical skills and scientific expertise locally in Tanzania. We continue to build on our partnership with UDSM through knowledge-sharing, training for students and Ministry of Minerals’ staff, and development of a scholarship programme”.
During the workshop Helium One awarded two UDSM students a funded MSc programme, which includes a placement at Oxford University, a sponsorship that he said was geared towards imparting world-class technical skills and scientific expertise to Tanzanians as well as fostering the existing productive partnership between Helium One and UDSM.
Helium One has so far discovered an estimated 98.9bcf of helium, representing a major helium discovery in the global context of rapidly diminishing supply and growing demand for the resource. “We believe our Rukwa basin helium project holds the potential to become a flagship example of the Government of Tanzania’s industrialization agenda, set out in the 2016/17-2020/21 National Development Plan”, Thomas added.
Agree completely.
Hi ap, I love the way your mind works ??
DD, totally agree. Also, the wired article posted a few months back gives a very interesting narrative re the drill failure - if its legit then I think the hypothesis that they already fully believe they have a discovery is very much substantiated by it, im buying more this week, few other shares right now offer even the short term upside this does - onwards and very much farther upwards!!
DD and Latorre, interesting conversation. Always enjoy the contributions from you both. I thought this line in there RNS was very interested;
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.
Surely the Qemscan on cuttings could have identified whether or not the Helium is there?
Hi Dai (see what I did there:) in your recent posts you seem to have moved from bullish to bearish? Any particular reason? I always respected your thoughts posted on here and I am very interested ss to why the big change in sentiment from you?
Maybe Keith oz is dm ???????
Yep and a director from weathered liked the recent post by kai - interesting
Yep, and look at the share price movement - from penny’s to pounds - same here with a discovery
All very fair points. I was getting ready for work and heard him on my local radio station - it was a “wtf” moment. Any thoughts on the huge number of shares that they got approval through the agm for - was it 300mil or something, seems strange to me
Totally concur, much appreciated - great analysis - wish I could comprehend the maps ???????
Just called them. No conventional oil and gas rigs - just mineral rigs.
It’s my regular radio station, I’m Dublin based. It’s a pretty respected business show, not very deep dive but has some informative pieces. To say I was shocked to hear dm on it is an understatement. I don’t think it’s market sensitive as they’ve been saying drilling this year all along.
I just can’t see a delay until 2023, also don’t see just shallow drills, I think it will be between late drilling later this year than expected or jv and multiple drills. Those 200m shares approved at the agm have me wondering if there wasn’t a specific deal in the works already
Scott; very interesting, thanks for the informative posts ??
Scott, yep agree but in reality it has taken invictus 4 years from acquiring the property to get to the stage of drilling it, we are along similar timelines and some here are absolutely losing their minds that they aren’t moving fast enough. Invictus also seem to have had much more complete seismic that they acquired from exon who carried out work there about 30 years ago, announcement of a drill, even for q3 together with positive seismic should give an opportunity to raise well above current prices. Look at keithoz lost below - the resource has the potential to be an absolute monster
Also, if any of you gave crux there is a very interesting recent interview with invictus who are about to start drilling for natural gas in a valley in Zimbabwe, very similar process to us, there’s talk of infill seismic, drilling the Karoo, layered traps, seal qualityetc, even references regenren in South Africa - it’s an interesting listen with lots of parallels to helium ones process
Forgive me If this is a stupid question, but I’m assuming that liquid helium is not very bulky so could it not be flown to the states by air freight ?