Member Info for HereforHemo

IG I apologise and stand corrected, you are absolutely correct on the Renergen figures.

Renergen claim certain resources but factually it's only 970 Mcf helium they have independently confirmed.

Cat the plant and infrastructure costs will be sorted in one of two ways imo. Either like Renergen they'll arrange finance through the Overseas Private Investment Corporation (OPIC), the US government development finance institution that mobilises Private Capital to help solve critical development, or most likely through an offtake agreement with someone like Linde, who will fund everything and recoup their investment with a discounted helium supply. We know from their webinar they've been talking to these people since April so I agree with you, it'll probably be announced as soon as the Mining Licence is granted.

As for transport and logistics, we know we don't have to concern ourselves as Helium One will be selling their helium at source.

In Tanzania, if the President says something it's usually done. Tick tock.

'But miners have a more favourable opinion of President Samia Suluhu Hassan since she assumed office in April 2021. She is actively supporting the industry and advocating for improved partnerships with mining companies. She is urging responsible officials to fast-track agreements with mining companies looking to execute operations'.

5985 It's possible that the CO2 alone that's extracted from Galactica-Pegasus will pay for Helium One's farm in at BlueStar.

It's my belief that further drilling at Galactica-Pegasus will provide further proof of its commercial viability and coupled with the Mining Licence being granted for Rukwa in Tanzania, I fully expect Helium One to do what in essence is a reverse takeover of BlueStar and aquire all of their exploration licenses. I say all but they'll be left with the Serenity CO2 project, Voyager and 50% of Galactica-Pegasus, but we'll take the rest imo, and become a major player in both Tanzania and the United States. Here's what the RNS stated:

The Company has also agreed a right of first refusal with Blue Star pursuant to which the Company will be entitled to acquire all other Blue Star helium acreage (other than Blue Star's Serenity prospect) on the same terms as those offered to Blue Star by a third party. Should the Company fail to exercise the right within a certain period, then the right will expire The Agreement also provides for a period of exclusivity from the date of the Agreement until the earlier of the longstop date or the date on which all of the conditions are satisfied which includes customary restrictions on Blue Star.

This development project targets the Permian-aged Lyon Sandstone reservoir fairway sealed by the overlying Blaine Formation anhydrite. Regional well test data indicates good to excellent reservoir properties, with helium primarily being sourced from the deeply weathered fractured, granitic basement. The He is trapped in structural closures developed during Late Palaeozoic rifting, and the CO2 has been introduced into the system from later stage Tertiary volcanic intrusions.

'Helium One distinguishes itself as a company that promises significant growth'

https://www.abcmoney.co.uk/2024/09/helium-one-share-price-an-in-depth-analysis/

short term news items:

confirmation of the bluestar farm in agreement by the energy and carbon management commission.

6 development wells to be drilled for the galactica-pegasus p

project.

esia approval for the southern rukwa project.

granting of the mining licence for the southern rukwa project.

feasibility study details including resource estimates, production plan, timescales and opex and capx details.

offtake partner and agreement.

jv with tanzanian government.

potential jv partner and agreement.

potential finance deal with chosen bank.

all the above will be known in q4, including the development well results for galactica-pegasus, despite a particular poster preparing us for '3 months of nothingness' i think in the interest of balance i should point out whilst saying this he's ramping both ukog and prem whilst taking heavy losses, which is probably why he calls himself share*******.

probably best ignored.

As for a 'lifestyle' CEO check out the salaries of BlueStar for a comparison, or indeed any executive in Oil and Gas. You will find Lorna gets around 25% at best compared to others in a similar role.

She does however have 68,250,000 share options, so one could say it's very much in her interest to have a high share price and deliver said value to all shareholders.

I can actually smell the desperation of those negative towards Helium One or indeed those short in any sense. It's a bit like trying to push water uphill, pointless.

Q4 is our quarter!

BigGinge I love reading articles like that, so thanks for posting. As I understand it in simple terms, the Rukwa rift basin itself is 30 million years old, has all the geological features required to produce helium and deep volcanic sedimentary deposits layered above to trap the helium.

Personally I think the drilling done to date coupled with the sub surface analysis is going to confirm between 2-5 billion cubic feet, and will continue to grow as more appraisal/exploration wells are drilled.

Initial revenue protections should be between one and three billion dollars and likely to grow over time.

Just my personal opinion on what's likely.

nc let's hope they have added rocket fuel, because you know each one needs $12m worth of helium.

anyone know who's got a **** load of helium???

Poor Hexha or whatever he calls himself. Out of HE1 just as it's about to explode and into Hex as it goes into free fall, with a crumbling well, no doubt a failed side track before abandoning it and drilling elsewhere. How NOT to invest...

How stupid can I be

3 years ago I started investing

HE1 12 k lost

All because I read these stupid bb’s.

Now I do research and hope hex will perform as I believe BO

Certainly not lorna !

Dickie, the average SP forecast is exactly what I've predicted in previous posts so if correct. My revenue projections are spot on as well.

As probably the first poster to state Rukwa would be a commercial discovery the only thing left to predict is the timing on the ML, and I'm saying it'll be weeks not months. Tick tock.

Cricket it's never pleasant being underwater but it's important to remember the fundamentals haven't changed.

Lorna has stated we have made the discovery, all the commercial boxes have been ticked, and in her words 'the EWT was all we has hoped for' and it was 'a very successful and positive EWT'.

She has also said 'the Southern Rukwa Project is of global significance'. That in itself strongly infers this is a find in the billions of cubic feet, and that means it should be in the billions of dollars of revenue.

So although I empathise with your comments, there is no miracle required here, they simply have to bloody tell the market exactly what they have. Naive management? Yes. Frustrating? Yes. Concerning? No, it'll all come good in the coming weeks and months ahead.

Summary of the Galactica-Pegasus project with a map of exploration areas that Helium One have the option to purchase marked in green. https://www.listcorp.com/asx/bnl/blue-star-helium-limited/news/helium-one-farms-into-galactica-pegasus-project-3075552.html

Pub the Galactica-Pegasus project is already commercial with several development wells already proven.

What people fail to realise is that Helium One also have the same 50% stake in a further 61,000 acres in a helium rich domain, with the option to aquire it all from BlueStar should they want to, at exactly the same price BlueStar originally paid for it.

Helium One could well become a major player in the states as well as Tanzania.

As you state, another 5 or 6 development wells to be drilled this year, with revenues expected H1 next year, that will fund all other development in the states, as well as assisting with progress in Tanzania.

https://www.cityam.com/helium-one-acquires-blue-star-helium-colorado-stake/

Lorna has said

"The Extended Well Test results were everything we could have hoped for"

"We have delivered a very successful and positive Extended Well Test"

"The Southern Rukwa Project is of global significance"

Everything else is pure speculation, including my view that the Mining Licence will be awarded in a matter of weeks. Following the President of Tanzania issuing a statement that these Mining Licences must be fast tracked into production.

With the BlueStar approval and first development well funded by HE1 being drilled next month, the SP will look a lot different in a few weeks, much much higher imo. JV and or offtake partner to be announced following ML as well. Just a little patience required.

Oops

"We have now delivered a very successful and positive extended well test"

"The Southern Rukwa Project is of global significance"

The end.

This board has degenerated so much it is really pointless posting anything meaningful anymore, so I'll leave you with some pertinent quotes from Lorna and the latest interview.

" The results are very encouraging and everything we could have hoped for"

"W

https://youtu.be/s7T5h4qi28c?si=nKxhsssWOEuE7ymo

LSE didn't see that so thx for the correction. They are going to have to go some to get the 6 development wells drilled in Q4 with the delay.

None the less Q4 is going to be a very news rich period. Good weekend to all.

With no meaningful stats or Feasibility Study published, coupled with the surprise raise for the BlueStar farm in I am one of many finding themselves heavily underwater at the moment. But this is not the time for emotion, it's the time for clear thinking and deciding whether to take losses on the chin or to tough it out.

My thinking is this. The BlueStar deal should be rubber stamped by the authorities next week and the first of 6 development wells to be drilled will begin immediately after approval.

I look at the Galactica-Pegasus project and compare it to the potential at Rukwa. Facts I know, the Galactica-Pegasus project is 675 Mcf.

I know that the licence is 5 years, Rukwa is 10.

I know concentration levels average 3%, Rukwa is over 5.

I know flow rates are 3 times more for Rukwa than Galactica-Pegasus.

I also know prices are far higher for Helium in Asia than the states, and I obviously know that Galactica-Pegasus is a commercially viable project.

My conclusions are that Rukwa is likely to hold at least three times more helium than Galactica-Pegasus at approximately three times the price, so my guess is at least 1.9 Bcf, which will be worth well over one billion dollars, equating to $100 per annum for each of the ten years, which in turn would give a minimum Mcap of £500-600m and a SP of 4-6p, probably a lot higher.

It's only a guess but enough for me to hold during Q4 to see if I'm right.