Member Info for HereforHemo

What they have done is to ensure the ESIA and all the subsurface modelling is completed in parallel with the EWT. This will able them to submit a Feasibility Study very quickly.

The government will take anywhere from three weeks to a couple of months to grant a mining licence.

BUT, let's get the EWT results before looking too far ahead.

There will not be a further fundraise if indeed this becomes a commercial resource. Debt has been mentioned but I'm virtually certain that a partner would enter at that stage, and they would fund all the initial costs including the plant, and the cost would be deducted from the helium price and contract.

A very insightful interview from a few years back, not least to see that the price of helium has more than doubled in four years.

By my calculation that would value Helium One, at current market prices, at over $500m on the EWT confirming expected resource and flow rates.

https://www.youtube.com/watch?v=lEfp3UCN20k

Https://total-market-solutions.com/2024/03/helium-one-global-ltd-by-liberum-analyst-sam-wahab/

Although everyone has an opinion it's always best to base them on FACTS, like from an RNS. Examples of these would be:

The DST results from Itumbula West well have demonstrated that the well HAS flowed the equivalent of 0.5 mmscfd of 4.7% Helium without any artificial lift.

These flow rates in a pure helium play, without the presence of hydrocarbons and carbon dioxide indicate the uniqueness of this helium project.

The EWT will confirm flow rates and the fluid composition. The company will then be in a position to advance discussions with off-takers and industry partners.

Recent positive engagement with the Mining Commission of Tanzania has enabled the company to align on forward appraisal and development plans, including associated licence requirements.

It's all there if people take the time to read it. There WILL be a commercial production plant in Tanzania. The only question that remains in my opinion is just how big it will be.

With Helium One budgeting $50m for the plant it strongly suggests its going to be very big indeed!

Everyone, just relax. There's a best in class team on site, everything going according to plan. My guess we'll get mud logging concentration levels along with TD being hit and EWT commenced Monday or Tuesday next week.

Remember each interval will be tested for approximately a week so we'll soon know exactly what we're sitting on.

Strop that's correct, the point being we've been in discussions (to design a production plant) for 4 months, in advance of the EWT, Feasibility Study. and Mining Licence, which I thought was interesting and a real sign of confidence.

Rambo it's just as likely to be someone like this. Although only a 3 year old startup they specialise in Helium, especially when extracted from nitrogen, it's modular and portable and available globally. They've recently targeted an asset, drilled 8 Wells, installed pipes and built a production facility all within a year, and havearrangeda $100m credit facility.

Sounds like a company we should be talking to. Just a guess on my part.

https://www.businesswire.com/news/home/20231010023599/en/North-American-Helium-Successfully-Brings-Seventh-Helium-Facility-into-Production

Crownos before they embark on the EWT Helium One are drilling a lot deeper. When they do this they will aquire mud logging data which they will be able to analyse in real-time. So although it's speculation, it's possible that if and when they release an update that technical depth has been reached, they also release details of helium and hydrogen concentration levels they've encountered on the way down. IF they do, I still feel it's a little early so would expect news next Monday or Tuesday.

Manifesto, thanks, appreciated.

I found this interesting article. It seems the North American company we have been in discussions with for several months is a Production Facilities Management company who have been tasked with designing the production plant at Rukwa.

Now I'm really intrigued. Who could it possibly be and more importantly what do they know that we don't that would lead them to designing the production plant BEFORE the EWT?

If ever there was a signal to buy, surely you won't see a better one!

https://www.sharecast.com/news/aim-bulletin/helium-one-global-reports-progress-at-rukwa-project--16577406.html

LT well a predicted testing for Unilever of 2 years and if successful a high likelihood of a double digit millions license deal. So if they add something through AZ and win other contracts to make them break even in a year, eighteen months could be a real wining time.. who knows one or the two majors mentioned could buy them. Bottom draw for now though.

5085 but thinking about it. I can't see any reason it couldn't be moved lol. Apologies.

Not on TD it can't. But they will be able to move it to another target, or rent it out, whilst a rigless operation monitors the reservoir, explores additional resource areas and various testing and diagnostic features through either a wireless or a coiled tubing.

Sleepy nothing on its own. But if it's accompanied by a good flow rate and a large reservoir reserve than it's an explosion of the SP, bearing in mind that would mean the biggest concentration of Helium in the world entering production. Most only run at up to 0.4%!

Previous post

Bought their own 'rig' not 'right'

AJ All three locations have an excellent probability of success in my opinion. Fear not though as I believe Helium One will be taken out by a major long before then. That's my view.

Strop regarding having a geologist as CEO. Firstly I would mention the CEO of Pulsar Helium, a start up who have just flowed North America's highest concentration of Helium at 15.5% a guy called Thomas Abraham-James. He's a geologist who co-founded Helium One and was instrumental in the Tanzinia licenses, so i dont think being a geologist is any barrier for Lorna.

Let's see what she has done:

1. Ensured they are fully funded.

2. Made the final decision to change the drilling target to one that flowed 4.7% Helium.

3. Assembled a best in class team for the EWT.

4. Ensured that all subsurface modelling will be completed and be ready to be integrated into the EWT immediately upon completion.

5. Ensured both Phase One and Phase Two field work on the ESIA study (six months work) is completed in parallel thus ensuring an immediate Feasibility Study can be submitted with the Tanzanian Government.

6. That in turn will lead (upon a successful EWT) to a Mining License being granted in Q4.

7. Which in turn leads to production planning early 2025. For which Helium One announced they've been in discussions with a North American company for several months already, on engineering, desig, build and cost.

8. Due to tremendous planning and excellent management commercial revenue is forecast for NEXT YEAR.

The conclusion being for me, why all the advanced planning? The only answer is they are VERY confident of a major find (They have already discussed a modular design of the plant allowing for rapid expansion). Furthermore they're already acknowledging additional wells will be required to expand capacity (Furthermore they have bought their own right, substantially reducing cost and timescales.

I'd say she's done a truly remarkable, fantastic job, apart from those heavily diluted. I can't see anyone saying she hasn't.

MS welcome aboard. Relative newbie myself on this board. Doesn't seem to be any rules that I can see so feel free to post whatever you like, LSE rules aside.

Blue_inky very pleased you've seen sense. Good luck.

If it is indeed as big as I think it will be and the concentration levels are higher than the 4.7% thar I think they will be, coupled with dilution, I think it'll soar to around the 6-7p range.