Member Info for HereforHemo

"We believe the pure nitrogen/helium mix is migrating from deep seated faults and fractures sourced from deep within the basement"

"We're working extensively across a number of disciplines to establish the full potential here"

In my opinion it looks all we had hoped for. The concentration level should be high. The helium is trapped under sedimentary layers and the unrisked estimates of 128 Bcf look very accurate.

It sounds as if there will be no individual Basement summary, just the full consolidated EWT results. I would think it'll be out sometime next week as they'll have to consolidate it with the Feasibility Study and release that the week after.

Personally I'm very very very confident of an absolutely stunning result coming our way! Tick tock. GLA.

JSY see that's the problem, just because you think you're right it doesn't mean you are.

That's why I prefer just to give my opinion and let's others decide whether to invest or not. Isn't that the purpose of the board?

And cat, I think you're right, probably a sell, although it's irrelevant either way.

Enjoy the weekend all.

I love these comments when people talk about people as 'we'.

It's you.

Anyone doesn't like the board, the strategy, the prospects, the cash runway, just sell up and move on.

Pointless just moaning on here all day.

I see lots of people saying news will come with another equity raise. Me, I don't see that happening at all. Why would it?

If you take our 50% venture in the Galactica-Pegasus project, we've already got the cash, there's $3m allocated for the drilling of 6 wells, and another $2.5m allocated for the tie back, infrastructure and processing costs. There's a further 9 wells to drill in Phase 1 of the project and they've already stated these will be funded from the revenues generated from the first 6 wells. There is no more to pay and $3m pa ongoing revenue to further expand the asset (potentially over 30 wells in total), and take over other leases if we choose to.

Then there's Rukwa in Tanzania. Again, everything is paid for up to and including the Mining Licence application. The vast majority of staff are contractors that will laid off upon completion of the EWT. Assuming a successful result, which most of us do, the well will be capped as a production well and they'll just sit back and await approval. I can't see they'll require much cash, I think LB only earns around £52k pa, not sure of the rest.

I say they'll sit back, I mean expenditure wise. With a valuable asset, they'll immediately start progressing JV and/or offtake agreements. That's substantial cash coming in, not out. Down the line, sure we've got more drilling to do (although it'll be relatively cheap with our own rig), and we may or may not have production plant and infrastructure costs, depending on the partner deals that are arranged. They'll be no logistics or transportation costs as we'll sell helium at source.

So in summary, the USA is paid for and revenue generating from next summer. Tanzania will most likely have substantial capital coming in, will be revenue generating late next year and with both assets, especially Tanzania looking very valuable, there's absolutely no reason why they wouldn't take on debt for any cash they required, which is exactly what they said they would do.

I don't see the problem?

$20m

Masks maybe she likes the CO2 because it will increase their revenue by 50: to $3m pa from next summer, just for Phase 1, with over 30 wells planned they're looking at up to $20 pa. Just a thought.

Lisa, I'd expect us to top the board come close of play.

https://shareprices.com/risers/ftse-aim-all-share/

Will the chicken or egg proverb soon be replaced with 'what rises faster, Helium or Helium One?'

Clumpet, there won't be an RNS tomorrow as they are doing the EWT for the basement all this week.

Pub, think we'll get an RNS on Monday with outline results on the basement, similar to the one we got on the Karoo.

Won't include resource estimates or value though, that'll be in the collated EWT report late next week, imo.

Feasibility Study will make very interesting reading the week after, should include everything including helium value, maybe even offtake or JV partner.

2.28 UK equivalent..that would be nice.

I've said before you need mental strength when investing in AIM stocks az they can be highly volatile. Nothing will help you more than research.

For example, you would know that the Galactica-Pegasus project mentioned is only Phase 1 and has a potential upside of $15-20m pa to HE1 with over 30 wells to be drilled. You would also know that HE1 has an option to take over all (apart from their serenity project) of Blue Stars unexplored leases.

Another example is you would have found out HE1 have done 6 months work in advance (unique in my experience) of environmental studies and sub surface analysis in order to dovetail everything into the EWT results, so that they can immediately submit a Feasibility Study to gain a Mining Licence to begin production.

You would also have found out they've already commissioned the design of the helium production plant, so can commence the build as soon as the Mining Licence is approved.

So if you want to keep calm and have mental strength when all around you are losing their heads, research the companies you choose to invest in.

Osg they are already in discussions with off-takers and have been for a while.

Only one small cap makes the list of the most bought shares over the summer.

Wonder who it could be? Are they all deluded or do they all know something special is about to happen?

https://www.proactiveinvestors.co.uk/companies/news/1054902/nvidia-legal-general-and-helium-one-among-most-popular-uk-stocks-of-the-summer-1054902.html

WkY Blue Star may be valued at that now but reports state their SP will rise around 800% in the next year. Wonder why that is?

5085 Yes it's very interesting that this agreement only outlines Phase 1 of the Galactica-Pegasus agreement but the total scope is an excess of 30 wells.

What's also of interest to me is that Helium One have first refusal to take over all of their unexplored leases (marked in green on the presentation you posted) on exactly the same terms as Blue Star have been offered.

It's actually a major move into the US and can easily be funded by short term revenues. I note that Blue Star are well advanced with selling their CO2 which will add 50% to our projected revenue which would be an initial $3m pa for 5 years, plus of course additional revenues from the other 20+ wells.

It's a brilliant piece of business and I for one recognise why they didn't want to risk losing it.

A very comfortable long term hold and accumulate for me!

NewboF I think you'll find with real-time analysis they know enough already from the 1st interval tested, hence why Laura stated they would 'absolutely' be applying for a Mining Licence.

If you don't think they will apply then keep your money in HEX.

We'll soon see who's correct. By the 17th September in fact.

John the Mining Licence approval will take a minimum of 3 weeks and a maximum of 3 months.

Due to the strategic nature of the project and the exposure to high level government officials I suspect it will be approved in a matter of weeks.

What she actually said was revenue would be generated 12 months after approval, after her answer on whether HE1 would be applying for a Mining Licence, to which her answer was "ABSOLUTELY"

Considering they have real time monitoring of the reservoir/s ask yourself why they would be applying for a Mining Licence which would allow them to go into commercial production???

I'm going with a wild guess. I'm going to guess and it's only a guess, that it's a LARGE COMMERCIAL HELIUM FIND WITH HIGH CONCENTRATION LEVELS.

https://podcasts.apple.com/de/podcast/helium-one-ceo-discusses-strategic-expansion-into-us/id1557663947?i=1000666798589

Most bought shares June to August

9th Helium One Global

Most bought shares this month

4th Helium One Global

With the EWT out next week, closely followed by the Feasibility Study as the Mining Licence MUST be submitted by the 17th September at the very latest, these prices will be a dim and distant memory very soon, as will most of the posters on this board today.

https://www.proactiveinvestors.com/companies/news/1054902/nvidia-legal-general-and-helium-one-among-most-popular-uk-stocks-of-the-summer-1054902.html

If they sell the CO2 as well as the helium it should easily be worth $3m pa for 5 years to HE1 with revenue commencing summer next year.

In parallel to that HE1 will be releasing the initial basement interval results on Monday as well as the full EWT results later in the week.

They have stated they will 'absolutely' be submitting a Feasibility Study to get a mining licence so they already know this a commercial find, which will be in the billions if dollars. Patience will be rewarded.