Member Info for HereforHemo

DS add Colorado and it’s revenues of $50m per annum already.

It’s looking extremely promising to me!

As we know Blue Star had a successful exploration campaign at the Galactica and Pegasus prospects (JXSN wells) which was followed by the first successful development well, State16 which was drilled in June 2024.

Independent engineering consultants advised Blue Star that State-16 is capable of a maximum rate of 441 thousand standard cubic feet per day ("Mscf/d") with more stabilised rates constrained for production optimisation projected to be between 250 Mscf/d and 350 Mscf/d. The well tested 1.9% helium and logs identified 96+ feet of gas column in the Lyons Sandstone.

Four wells (JXSN#1 - JXSN#4) drilled across the two prospects resulted in four discoveries with gas bearing columns of up to 230 feet and helium content up to 6% and flow rates as high as 412 Mscf/d.

So if we took a well flowing at say 285 Mcfd at a 1.9 concentration and priced it at $400 per Mcf (all of which I think are conservative figures) and multiply it by the initial 6 wells going into production we’d get a figure of $4,747,140 per annum. If we then added the CO2 which is estimated at 50% of the helium revenue we’d get a figure of $7,120,710 total revenue for the six wells thus with a 50% stake an annual revenue to Helium One of $3,560,355.

That’s just for the first 6 wells based on conservative estimates. Bearing in mind there is expected to be a total of 30 wells for the Galactica-Pegasus projects, if we used the same metrics for all 30 wells Helium One would end up getting a very impressive $17,801,775 PER ANNUM in revenue once the projects are all in the production phase.

I’d welcome someone checking my figures because as I see it, for an investment of $8.2m I’d say the deal Helium One agreed is one of the best pieces of business I’ve seen.

I’d welcome opinions..

Interesting article from the Bank of Scotland on FDI’s.

Foreign direct investment (FDI) in Tanzania

FDI in Figures

Tanzania is one of the most preferred destinations for foreign investment in Africa, ranking among the 10 biggest recipients of FDI on the continent. According to UNCTAD’s World Investment Report 2023, FDI to the United Republic of Tanzania increased by 8% to USD 1.1 billion (from USD 1 billion one year earlier). Moreover, the number of announced greenfield projects in the country surged by 60%, and there was also a rise in the number of international project finance deals. At the end of the same period, the total stock of FDI stood at USD 18.6 billion, around 24.2% of the country’s GDP. According to the Tanzania Investment Centre (TIC) Quarterly Investment Bulletin for the period July to September 2023, a total of 137 projects valued at USD 2069.49 million were approved. These projects are anticipated to create 86,986 new employment opportunities. The manufacturing, mining, and energy sectors are the primary recipients of FDI in Tanzania. Other sectors such as agriculture, tourism, and infrastructure have also been attracting FDI in recent years. The country’s primary investors are China, India, Kenya, the United Kingdom, Mauritius, Oman, the United Arab Emirates, Canada, the United States, the Netherlands, South Africa, and Germany. Several foreign companies, including Statoil, BG Group, and ExxonMobil, are investing in natural gas exploration and production projects, while mining companies such as Barrick Gold, AngloGold Ashanti, and Acacia Mining are also investing in the country.

Investors are drawn to the country's commitment to implementing sound macroeconomic policies, its efficient privatization program, and abundant natural resources.

President Samia Suluhu Hassan affirmed her commitment to prioritizing economic growth and strengthening Tanzania's economy through further development of the country's mining and quarrying sector. She also stressed the need for Tanzania to increase foreign investment to encourage growth, particularly in helium, gold and nickel mining.

Worth going back before looking forward. Helium One have definitely aquired a stake in the two best and highest resource projects within the BlueStar portfolio.

And the road to production starts next week. https://youtu.be/JXz4eTYLbCc?si=0cahFwnerysbzjn0

Certain individuals who have bet on the SP falling or want a lower entry want to illicit an emotional response, they want you to converse and destroy the board with meaningless chat.

It's purely your choice whether you choose to engage or just filter and ignore them.

For me, I'm just focusing on two world class discoveries, one of global significance.

Enjoy your day.

Richie although HE1 have updated their website they still haven't made things totally clear to investors.

The Projects are Galactica-Pegasus.

It's important to note that the update is a GALACTICA update. This will ultimately have 15 production wells and it's this that's expected to generate $3m per annum to Helium One.

Then there is the PEGASUS Project which BlueStar state will be equally as big as Galactica and this will also have around 15 production wells and is expected to generate another $3m per annum to Helium One.

Colorado is a world class asset in its own right generating appropriately $60m over the initial 5 year license period for the two parties from both the helium and CO2 production.

Stamford great post.

Well..

Fully funded for the next 12 months

Initial 5 development wells funded for Galactica.

State 16 well already awaiting tie in to production.

Those 6 wells to fund another 9 development wells.

1 development well funded for Pegasus.

All the above to fund another 9-14 wells at Pegasus.

And a tender released for Electrical Submersible Pumps and a full production plant at Rukwa.

But don't let these facts deter you lol.

Have a great day!

Great information from the poster who posted the link on the Expression of Interest (EOI) published by Helium One yesterday.

An EOI is a formal indication from a company that it is seeking proposals or services from potential suppliers or partners. In the context of mining, this often means that the company is preparing to move forward with operations, which may include development, and/or production activities, and with helium production and ESP's within the document it's clear they're gearing up to do both.

It's clear to me that both the ESIA and Mining Licence approvals being issued to the market are imminent as Helium One would not be issuing such a document without at very least verbal approval from the Tanzanian authorities. To me, with the comprehensive list issued, it's highly likely that finance has also been agreed, from banks, a JV or offtake partner (Linde imo) or a combination of all three. I anticipate confirmation of this to follow shortly after the Mining Licence has been confirmed.

With the first of the initial five development wells being drilled in Colorado next week, with another nine to follow once production has commenced, and approximately fifteen to follow those from the Pegasus Project this is an extremely exciting time to be a shareholder, in my opinion anyway.

TOC everything is coming together in Tanzania and the USA. Ignore the noise, it won't last for much longer.

Far from getting wound up by trolls, I see them, their incessant ramblings and ulterior motives very much as a compliment to Helium One.

When you see the amount of time and energy they are putting into it, my experience tells me it’s the surest sign a major rerate is on the way.

Be calm, it’s coming.

The day I post a link from the fool called Motley would be the day I stopped investing. He is a total imbecile with the intellect of a shoe lace.

For anyone to even suggest shareholders of any company with a MCap of $67m would have to fund a project with a projected budget of $75-100m is for the fairies, and idiots like you.

Sensible investors on the other hand will realise that with the projected budget virtually doubling since the successful EWT it means one thing, and that is the southern Rukwa Helium Project is every bit as big as some of us thought it was. That means billions of cubic feet of helium and with that comes billions of dollars of revenue.

If the Motley imbecile and people like you don’t think that lends itself to banks, JV and offtake partners wanting to get involved and fund the infrastructure than simply sit on the sidelines. On the other hand, if you do then continue to hold and accumulate as this is the year it’ll all take off.

The good news today is that whilst 1-3 inches of snow was expected today only very light show arrived, so with sunny spells forecast for the rest of the month the drilling schedule is very much on track.

I expect first development well to be drilled next week alongside preparations for second well, quickly followed by third well and schedule for fourth and fifth wells, which alongside the State 16 well will all be tied in for our first ever helium and CO2 production and revenue in Q2.

With the first Pegasus development well to be drilled and another nine Galactica wells to follow, all the incremental wells will self fund another 9-14 Pegasus wells, which I believe will ultimately generate approximately $6m per annum revenue to both BlueStar and Helium One, which in turn will fund further exploration and expansion in Colorado as well as assisting Helium One with their development wells in Tanzania.

Even without further exploration it's quite possible we will have up to 60 development wells to be drilled and hopefully most if not all in production over the next year or so.

Maybe not a share for those looking for a quick buck, but as an investment I could not ask for anything as promising as this.

It’s interesting that legal counsel is being offered to Helium exploration companies in Tanzania, including assistance with JV and offtake partners.

Helium Reserves and Volumes in Tanzania

Recent exploration activities in Tanzania have revealed promising indicators of vast helium reserves, with initial estimates pointing to substantial volumes yet to be fully quantified. The primary helium project in the Rukwa region has reported unrisked Prospective Recoverable Helium Resources exceeding 138 billion cubic feet (bcf), positioning Tanzania as a significant player in the global helium market.

Harnessing Tanzania’s Helium Potential for Economic Growth

With abundant helium reserves waiting to be tapped, Tanzania’s helium exploration initiatives present a strategic opportunity for economic growth and industrial development. By leveraging the expertise of exploration companies, the legal counsel of firms like Rive & Co, and the support of regulatory authorities, Tanzania is poised to accelerate its helium production activities and establish itself as a prominent helium producer on the global stage.

Helium Exploration in Tanzania: Driving Innovation and Sustainability in the Mining Sector

The pursuit of helium exploration in Tanzania signifies a strategic shift towards diversifying the country’s mineral portfolio and capitalizing on the growing demand for helium in various industries. Companies are leveraging advanced technologies and strategic partnerships to unlock the vast volumes of helium available in the region.

Sustainable Exploration Practices for Helium Resources

As the helium sector in Tanzania continues to evolve, a strong emphasis is placed on sustainable exploration practices to minimize environmental impact and ensure responsible resource management. Companies operating in Tanzania’s helium exploration sector are committed to adhering to environmental regulations, promoting community engagement, and implementing best practices to safeguard the ecosystems where helium reserves are located.

Helium Exploration in Tanzania: Paving the Way for Future Growth and Innovation

As Tanzania continues its exploration endeavors, the country stands poised to capitalize on its helium resources to drive economic growth and foster innovation in various industries. The strategic focus on helium exploration not only bolsters Tanzania’s mining sector but also positions the country as a key contributor to the global helium supply chain.

Legal Framework and Compliance in Helium Exploration

Navigating the legal intricacies of helium exploration in Tanzania requires expert guidance and adherence to stringent regulatory frameworks. Rive & Co, a leading law firm specializing in natural resources and mining law, offers tailored legal solutions to ensure compliance with local laws, negotiate contracts, and resolve disputes effectively. By partnering with Rive & Co, exploration companies in Tanzania can navigate the lega

Dickie weather has been fine to date although between 1-3 inches of snow could fall tomorrow. Weather improves from Wednesday getting warmer each day so my understanding is that everything remains on track for drilling to commence next week, with work starting on the second site in parallel.

Betty Lorna and Graham have over 100m share options between them alone. By industry standards they are not well paid so the options are where they will make their wealth.

The options are at 6p, 6.6p on average across all directors.

They obviously see HE1 as being far higher in the future and take confidence in that, as do I.

With AIM companies I think you need to look at both and I’m sure over the years many on here would not have been happy how HE1 has been ridden. Whilst some backed HE1 at advantageous prices, newer holders like myself have had our concerns along the way. But the way Lorna has navigated challenges and assembled world class teams and adhered to timelines is to be admired. Taking advantage of a cash strapped BlueStar may have boxed HE1 for a while but ultimately will enhance its prospects immensely.

I see management as positioning HE1 extremely well, cash rich, early revenues and tremendous potential. As we round the final bend we are very well positioned and it is now all down to the horse. With Galactica and Pegasus being deemed as world class and Rukwa seen as a global discovery, I think we’re sitting there motionless on Frankel.

And once there’s a shake of the reins we all know how that ends.

Sitting here cool, calm and relaxed. But that’s just me.

Vision 2030 'with a view to integrate mining with other economic sectors such as water' I wonder who has an abundance of helium and water?

In a recent interview with local media in Dar es Salaam, Minister for Minerals, Mr Antony Mavunde, said that the mining sector surpassed other sectors in generating foreign currency during the 2022/2023 financial year, contributing 56 per cent.

Mineral exports for the 2022/2023 fiscal year amounted to 3.1 billion US dollars (about 8.4tri/-). Mr Mavunde noted that tax revenue collected from the mining sector in the same period reached 2.1tri/-, which represents 15 per cent of the total domestic revenue. Additionally, financial transactions in 100 procurement centres and 42 mineral markets totaled 1.7tri/-.

The government revenue from the sector during the 2022/2023 fiscal year was 678bn/-, while in 2023/24 fiscal year, it accrued 753bn/-. Looking ahead, Mr Mavunde set a target of 1tri/ in revenue for the ongoing 2024/2025 fiscal year, expressing confidence that this ambitious goal is achievable due to the government’s commitment to transforming the mining sector.

The government has introduced Vision 2030, themed “Madini ni Maisha na Utajiri” (Minerals are Life and Wealth), which aims to integrate mining with other economic sectors such as agriculture, water, and health through geographical surveys.

The minister also highlighted ongoing helium explorations in Rukwa and Songwe regions, which could position Tanzania as the third-largest helium producer globally, after Russia and the United States. Helium is essential for MRI (magnetic resonance imaging) scan machines and other applications.

The completion of the High-Resolution Airborne Geographical Survey is expected to attract further mining investments and fully exploit Tanzania’s mineral deposits, including helium.

The Vision 2030 aims to lead to new mineral discoveries, enhancing GDP growth and ensuring the sector’s sustainability.

To accelerate the sector’s transformation, the government has increased the Mining Ministry’s budget from 89bn/- in the 2023/2024 fiscal year to 231bn/- in the 2024/2025 fiscal year.

Of this budget, 115bn/- has been allocated to the Geological Survey of Tanzania (GST) for constructing two zonal mineral laboratories in Geita and Chunya. These facilities will provide accurate mineral analysis for miners.

Https://www.proactiveinvestors.co.uk/companies/news/1061071/helium-one-reports-on-its-exciting-and-transformational-year-as-projects-advance-1061071.html

I think from memory they were 90% confident of extracting 17.5 Bcf of helium.