RE: Whale18 Feb 2026 07:10
@oscar the whale theory is merely another small part of the debate. The issue is the RNS's. Looking at what be known so far is the company showing success and positive moves to being commercial and is the price of the share likely to rise due to this.
Key Successes in Tanzania (Southern Rukwa Project)
Successful Flow Rates (2024–2025): The Itumbula West-1 well confirmed an active helium system, successfully flowing helium concentrations of up to 5.5% (EWT in 2024, later confirmed at 4.7% in Q1 2024).
Mining License Awarded (July 2025): Following the successful extended well test (EWT), the Company was formally awarded a 480km² Mining License by the Tanzania Mining Commission in July 2025.
Operational Progress (2026): RNS updates in January and February 2026 indicate ongoing progress on the Southern Rukwa project.
Signs of success and positive advancements, Yes! Should the share price move, yes it did! And probably will further with further development.
Key Successes in the USA (Galactica-Pegasus Project)
Successful Development Drilling (H1 2025): A six-well development campaign in Las Animas County, Colorado, was successfully completed, encountering good helium (up to 3.3%) and CO2 concentrations.
First Gas Production (December 2025): Helium One announced "Successful First Gas" at the Galactica helium plant in December 2025, moving the project into the production phase.
Commercial Advancement: Initial wells were tied into production in Q4 2025, with further wells planned for 2026.
Is this a success for HE1 - Yes! Are they advancing this success - yes they are! Will the shares rise - probably as further RNS's arrive. (one suggested could be here soon.
Financial and Corporate Successes
Oversubscribed Fundraises: The company successfully raised funds, including an oversubscribed WRAP retail offer of approximately £1 million in August 2025.
Strengthened Portfolio: The acquisition of a 50% working interest in the Galactica-Pegasus project provided a second, near-term, cash-generative asset.
Was this a success - Yes Arte they funded currently for work they are doing - Yes will this affect the share price - probably no but the advances due to the funding will probably move the price.
Recent Updates (Feb 2026)
ESP Testing: Recent RNS reports indicated that HE1 shares jumped 25% following successful Electronic Submersible Pump (ESP) testing, indicating continued operational improvements.
The Whale theory - Is this real - we do not know - maybe or maybe not - Does this benefit the company - not really until a whale is identified then p[robably yes, if no whale then no. Will this affect the share price - if a whale is found possibly yes and if not then no and they will not fall either as this is a side line and not part of any RNS or company led information. it is an investor who believes this might be the case based on what they saw. has no relevence to the company or th