Member Info for HereforHemo

All people need to know is that the clinical trial will officially begin next week, and there's no need to worry about funding for the foreseeable future.

It's all about results now, and I for one am glad to be back for them.

The Company has successfully completed the necessary contracts and budgeting preparations to advance HG-CT-1 into clinical testing. Institutional Review Board (IRB) approval at the initial clinical site is anticipated by the second week of November. Following IRB clearance, a Site Initiation Visit (SIV) is expected to take place in the third week of November, marking the official launch of the Phase I clinical trial.

Just bought 666,502 so back in.

Cat correct, all Capx is tax deductible, but only for the first 2 years which is why I think it makes sense to build a big production plant from day 1.

My scenario would be contingent resources of 15-20 Bcf giving revenues of 7.5-10 billion dollars, $70m complete infrastructure set up, all funded by someone like Linde, who recoup outlay from discounted helium across the lifetime of the license.

This scenario would also allow a future revenue stream from Noble using the facilities were they successful in their shallow drilling.

Exmex If you are developing a Feasibility Study to demonstrate the commercial viability of a project then along with resource estimates indicating the value of the project, I would have thought it's very sensible to include your CAPX costs to demonstrate how profitable it is to you and the government. That's why HE1 commissioned the helium production facility with costings last April, alongside commencing discussions with off-takers and majors to explore JV opportunities, because HE1 has to demonstrate how to pay for it.

The Company has appointed MTL Consulting Ltd ("MTL"), a Tanzanian company, for the ESIA and will continue to work with them to compile and deliver a detailed report to the National Environmental Management Council within the necessary timeframe. As well as the ESIA study, the Company will also undertake more detailed subsurface work and plans to establish contingent resource estimates which will form part of the Feasibility Study.

Production facility study

The Company has also commenced above-ground engineering studies and, following a detailed review of several companies, has now selected one to produce a preliminary design for a production system that will be suited to the flow rates and gas composition within the Rukwa Basin.

This study has commenced with several processing facility options already being reviewed. These will include a smaller, lower rate pilot plant that would allow for early production as well as larger, modular systems that can be scaled-up. The design work will include helium liquefaction, storage and transportation with the aim of providing a well head to off-taker processing system. This would enable the Company to streamline all downstream and mid-stream activities.

Most know not to annoy a cat because if you do it will attack you.

Https://stockhead.com.au/energy/blue-star-helium-secures-approval-for-another-five-development-well-locations/

Form 2 drilling permits are issued within 30 days so its highly likely BlueStar will get approval next week.

Once they do, the drilling schedule for our inital 6 development wells can be confirmed and we're on our way to being a Helium and Carbon dioxide producer. A further 9 development wells (funded by the inital wells) to be drilled are estimated to generate $3m per annum revenue to Helium One moving forward.

Everything fully funded, a true inflection point for the company in becoming a global leader in helium production. ://stockhead.com.au/energy/blue-star-helium-secures-approval-for-another-five-development-well-locations/

Cat whilst I agree with most of your post, I don't think we'll take out BlueStar. As well as the 50% stake in Galactica-Pegasus we also have 50% of their 61,000 acreage with the option to aquire the other 50%, so rather than pay millions for the company I see the sensible move as taking over all of the unexplored leases, which we can get for the astronomical sum of £55,000. Just my view.

Toony the FS was completed enough to get the ML approval but it has been an ongoing process, hence why it wasn't released to investors.

It will be released to the market very soon and in my view will be very impressive.

Helium One have acquired not only a 50% stake in the Blue Star's Galactica Project but also a similar interest in the leases associated with 61,000 gross acres of acreage in the proven helium fairway of Las Animas County, southern Colorado.

With the initial 6 development wells funding an additional 9, if you add the current State 16 well already in production we'll be getting 50% of the helium and carbon dioxide revenue from Q2 next year, estimated to be $3m per annum, with substantial upside in the additional acreage yet to be explored.

ALL 16 WELLS ARE FULLY FUNDED FOR DRILLING, TIE BACKS, INSTALLATION AND PRODUCTION. Generating revenue substantially derisks Helium One as an investment as it moves them from an exploration company to a production company.

In parallel we await the detailed Feasibility Study and the awarding of the Mining Licence for the Southern Rukwa Helium Project. The Feasibility Study will confirm the long awaited resource estimates which will allow us to put a monetary value on the discovery. What we do know is that the Tanzanian Government appear extremely bullish in their statements as to the size, and that Lorna has stated "the EWT at Rukwa was all we could have hoped for", and "The EWT was extremely successful and positive" and most importantly "The discovery at Rukwa is of global significance".

Although the last comment is subjective, Tai wasn't classified as globally significant yet the CPR signifies there's potentially between 2.8 Bcf to 7 Bcf of helium there. So Rukwa must be bigger?

Maybe 4 Bcf to 10 Bcf? Plus the additional licenses in Southern Rukwa to add.

My guess at this moment in time is this project will deliver anywhere from 10-20 billion cubic feet of helium, from around 30 development wells.

Revenue wise that would equate to appropriately FOUR TO EIGHT BILLION DOLLARS. Staggering really.

The Galactica drilling will commence next month.

The Feasibility Study will be released soon.

The Mining Licence will be awarded soon.

The ESIA approval will be granted soon..

A Debt package, Offtake and or JV, probably a combination of the 3 will follow soon after.

If you think a Mcap of £55m is appropriate or overvalued for the above that's fine, continue to bet the SP will fall.

If you think as I do there's a ten fold increase potential then I have no need to give advice as its obvious.

Good luck whatever you decide.

Probably in therapy with Joe10poundleft

I think Cat nailed it. Today seems to have upset a lot of traders, can't think why?

The clock is ticking..

To all ye of little faith..........happy now lol? You ain't see nothing yet. Just wait until the DFS pops up. Could be sooner than many think. So to those thinking of taking their profit personally I would think again.

The stream of news coming over next few weeks will push this SP to unseen heights.

This horse doesn'tseem that dead to me...

"this becomes a globally significant helium project in southern Rukwa".

Lorna Blaisse, Chief Executive Officer, commented:

"This is yet another huge milestone for the Company and we are delighted to have successfully flowed helium, of significant concentration, to surface from both intervals during the EWT. The well was flowed naturally during the testing and based on the recorded flow rates, with the addition of artificial lift in the production phase this becomes a globally significant helium project in southern Rukwa".

Exactly Cat, although not better than I think, I've been saying it all along.

You can put all the pieces on the table but if others can't put the picture together that's their loss.

Manifesto I think there would be far greater sums involved if there was any leak on the Mining Licence being approved.

Besides, it's the consolidated Feasibility Study for the southern Rukwa Helium Project we need to see, and that's coming out...soon.

Blubay you forgot the CPR published for Tai that was between 2.8 and 7.1 Bcf. https://www.londonstockexchange.com/news-article/HE1/new-cpr-for-the-tai-prospect/15965463

Investing is very subjective. People buy or sell for many different reasons.

Whilst I'm on record saying Lorna and the board of directors saying they certainly haven't helped themselves of late, or us for that matter, with a 6 (ultimately 15) development well schedule upcoming. a Feasibility Study published, a Mining Licence granted, a JV and or offtake partner/s to be announced, Helium production to commence and progression to production for a globally significant discovery in Tanzania, personally I think the longer you can hold this stock the better.

But hey, that's just my opinion. Only time will dictate who's right.

Mc

The Company's internal gross resource estimates, assuming a P50 Helium concentration of 3%, are 675 million cubic feet

Always worth looking back on your investments, especially with Tai currently being integrated into the 'very successful and positive' Itumbula EWT results Feasibility Study report, and bear in mind this is far from the true scope of the total Southern Rukwa Helium Project.

With the Tanzanian Government talking about being the number one in helium production there's a reason. Billions of cubic feet of helium equate to BILLIONS of dollars or revenue.

We don't have long to find out just how big this is!

https://youtu.be/z7ACYwKbfvI?si=28m7t9MJBx8YgKsB