Member Info for HereforHemo

Stamford I believe they have been equally as poor in articulating the value of the BlueStar farm in. All Lorna has said is that the 10% dilution will be more than offset for shareholders in the medium term, and they still continue to refer to it as one project, the Galactica-Pegasus Project.

It wasn't till I started to communicate with BlueStar that I realised the true scale of what we had bought into. That there were actually two projects, the first being Galactica, the second being Pegasus, our inital funding covering 5 Galactica wells and 1 Pegasus well.

When Galactica has it's 15 wells in operation I believe Helium One will be accruing over $9m per annum, more than our inital investment in just one year.

BlueStar believe Pegasus is at least of equal size, probably bigger with another 15 wells planned.

BlueStar have stated they plan to expand both projects beyond this inital scope as well, yet despite numerous attempts to get Helium One to articulate this to the market I have been met with a wall of silence.

The fundamentals are all there, they all look amazing but it does appear we are going to have to deliver upon them before Helium One say anything to the market.

Meanwhile 6 trading days before they start mobilising the rig and beginning drilling the first of 6 development wells on the road to our first ever production.

They obviously have great confidence in Galactica and Pegasus from the last paragraph in their recent RNS..

'Work is continuing on the permitting and engineering for the Pinon Canyon processing plant in anticipation of first gas production in 1H 2025'.

Stanford I'm sure everyone shares your frustration on not seeing the Feasibility Study. My take is the reasons are likely to be two things.

1 They are in discussions with majors regarding offtake and or JV agreements, which makes it commercially sensitive.

2 They are awaiting ESIA approval and don't want to publish anything that would affect local residents before gaining their approval.

Remember Lorna and Graham have over 100 million share options between them and will want the share price higher as much as we do. I'm sure they'll release it as soon as it's prudent to do so.

In the interim we've just got to be happy they've made a discovery and that they've said it's of global significance.

Blubay go easy on Juno, he lost a fortune getting out of GEX...£200.

It can't be easy being a high-value trader lol.

Zoffy i dont think its so much you've read it wrong, probably more to do with you being clueless

BlueStar finances have nothing to do with the initial wells, thats what Helium One raised $8.2m for.

The Subscription will be applied in respect of the Acquisition as follows:

· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

So ALL costs, up to production and revenues are fully covered. No additional funding is required. Hope that's clear enough for every troll to understand, I know it's complicated for you all.

We have 5 development wells at drill at Galactica the first of which start in 2 weeks time, all fully funded.

We have the results of the 5 wells to come confirming flow rates and volumes of helium and CO2.

We have the offtake agreements for both helium and CO2 confirming prices.

And we have the tie in and production of the 5 wells plus the State 16 well.

Then we have the additional 9 development wells for Galactica, again all fully funded by the revenue generated from the initial 6 wells.

So 15 development wells in operation before turning our attention to Pegasus for which we're funded for the first well and revenue from Galactica will fund the additional 14 planned.

Ultimately around 30 production wells will be in operation generating multi million dollar revenue.

And that's before we consider the jewel in the crown, the southern Rukwa Helium Project.

ESIA approval to come.

Mining Licence approval to come.

Feasibility study to be released confirming resources.

A JV with the Tanzanian Government.

A JV/offtake with a major.

Up to another 30 development wells to drill.

Large scale production to look forward to.

2025 looks pretty exciting to me.

Blubay all the better fot ensuring revenue in Q2!

The State 16 well took 14 days to drill and 18 days before results were published.

There's 5 wells to drill so a two week delay has absolutely no bearing on their ability to tie them all in to production by the end of Q2.

The only uncertainty here was not knowing what was going on. We now know.

Published after we submitted the Mining License so the mention of helium is encouraging.

https://www.madini.go.tz/media/TMIC_2024_Magazine.pdf

Thx Blubay. Revenue still projected for Q2 with a more condensed drilling campaign during February and March for the 5 wells planned.

I’m happy enough with that.

Contract prices:

USA $550 Mcf

China $623 Mcf

Spot prices:

Anywhere from $1000-1600 Mcf

I believe the Galactica and Pegasus Projects will ultimately deliver between $18-20m gross revenue per annum to Helium One from the initial 25-30 development wells that are planned, and having communicated with BlueStar I know there is further expansion planned for both projects.

This, coupled with the southern Rukwa Helium Project, which I believe is over 10x the size of our Colorado farm-in (to which we obviously own 100% of) places Helium One at the forefront of Helium production.

Once the Mining Licence is awarded, once the finance for Rukwa is agreed, once a JV and or offtake agreement is signed with a major and once the first of up to 30 development wells begin to be drilled will make this a very valuable and attractive investment, both short, medium and long term.

And before the green boxes appear, yes it's not without risk, yes things could go wrong. But, it's my money and I'll invest as I see fit. In my personal opinion there is absolutely nothing I'd rather invest in this year.

Time will tell if I'm right.

Considering this has no mention of Colorado which brings early multi million dollar revenue and the fact I believe Rukwa is a discovery of global significance that will easily financed through a mixture of debt, offtake and JV partners, I remain bullish and think the upside target of 3.8p can be achieved in the coming months.

https://www.ig.com/en/trading-strategies/_where-could-the-helium-one-share-price-go-in-2025--250116

MCNol, those were just my thoughts on the situation with the main one being HE1 would not have started the process for a full helium production facility without the approval of the relevant authorities and the Tanzanian Government, which bodes well.

To issue an EOI with such a short period to respond would indicate a couple of things to me.

Firstly they have verbal confirmation that the Mining Licence for Rukwa will be awarded and secondly the Tanzanian Government and Helium One want this in production as soon as possible.

As the EOI is followed by a RFP it's logical to assume this will be issued shortly and it follows that the Mining Licence would be awarded in advance of any company being asked to bid on the project.

Therefore I think it will be awarded sooner rather than later.

As the State 16 well was spudded 17th May and a significant helium discovery was announced on 4th June, in my opinion we'll be getting results of Jackson 31 in the next two weeks, with another 4 to follow this quarter, along with offtake agreements for both the helium and CO2.

From this we'll have a better understanding of annual revenue to be generated for HE1 once production starts in Q2 as well as being able to calculate an average for the total revenue from the 15-30 wells planned for the Galactica and Pegasus Projects.

Harry you should focus more on the Helium companies you are investing in rather than the one you aren't, perhaps you wouldn't lose so much money.

Pub I would now agree with you. Rig up of Jackson 31 was scheduled early last week. All previous delays have been RNS’s so it’s safe to say we’re well underway.

https://www.bluestarhelium.com/wp-content/uploads/2025/01/61246996.pdf

The rainy season has arrived in Tanzania. Poor planning from Noble who’s SP dropped to an all time low on postponing their drilling campaign. There’s a lot to be said about having first mover advantage in Tanzania!

https://www.listcorp.com/asx/nhe/noble-helium-limited/news/western-margin-drilling-program-update-3142855.html

Https://dailynews.co.tz/countdown-to-2024-tanzania-mining-investment-conference-state-envisions-brighter-mining-sector/