Member Info for JerseyCrew

Sparky - Robbie heard you and delivered.

Lights on and project moving forward - its not been the easiest of waits but progress on track and work with the auditors in the final stages.

Great to read that Robbie has got some much needed support in the appointment of the GM!

Onwards and upwards folks

So true Stas - anticipating future resources and discussing with vendors now is absolutely the right thing to do -potential lead in times managed and coordinated along with preliminary costings albeit with high variables at this juncture. Multiple lines of action working in unison- don’t you just love a gant chart! Identifying milestones and key dependencies- not sexy headlines but the bread and butter of any project.

ATB

For those watching the SP closely - here are the ripples I mentioned - again typical as traders who brought on the low this morning are taking their 10% plus profits - par for the course followed normally by a another ripple north and so on.

As the dust settles and hopefully if the company is taking note of sentiment and questions on this board - I suspect I will not be alone in hoping that Lorna does a follow up LSE interview to add more colour to todays RNS - the challenges and geological outputs that are being targeted and how they will be used to take the project forward. Let's keep the company and Lorna's credibility factor riding high here please - that goes a long way to adding to sentiment at this stage of the life cycle.

ATB

I am certainly not saying I told you so but for those who are relatively new to this game called AIM, todays SP action is typical and reflective of a short term unrealistic expectation, against reality. The volatility and resultant ripples are likely to continue. Nothing I say now is new insight - just words of experience for new to the game players so stop reading now if you are an old hand.

News often attracts exaggerated negative responses - even positive news as some will follow the sell on news mantra - for long term investors you just have to accept the actions of traders that run contrary to forward potential - its all about beating the other traders.

The market will often surprise me still - but not this morning.

I notice the google finance keeps popping up with large spread trades - I suspect explained by some trades on the fee free platforms where the spreads are huge to pay for the fee free proposition they offer.

Low of 1.74 today and 2.04 just paid. Interesting to watch and to continue to learn.

ATB

Uplifting news or free flowing news?

little gas joke to 'lighten' the mood or gas craic as we might say

ok I'll stop now

atb

Spot on Blubay - the other side of the coin of course is that until the appraisal is made, how can the HE1 board ensure that they are not parting with too great a percentage in the deal? Understanding the value of the asset is key to all parties getting a fair deal.

One step at a time.

Slacker - 2026 would be great given the work required leading up to commercial output I would suspect. If you think it normally takes 10 to 15 years to get a gold mine extracting from the find, a couple of years is absolutely nothing. The great news is that we are already on the journey - whilst the find is yet to be quantified, we already told we have a unique find in our licence area.

Time and context - investors / holders need to check their own expectations for the operational and exploration milestones and then try and overlay the market sentiment over that - the latter is the hard part given the large retail element of the share register in the early stages - rarely driven fully by hard nose audit-able numbers - that becomes more of a feature when the risk thresholds for institutional investors are met.

These are all great investment lessons unfolding in front of us - learn for the future and try and become a little objective which I know can be difficult in volatile times.

ATB

Lots of interesting debate on whether this is good news or bad - well put simply the answer lies in your perspective.

1. If you were expecting instant gratification of a JV supported by an updated resource number and clear timeline to monetisation and 100% SP increase on the bell ringing this morning, then its awful news. If that was the case then this is a learning lesson in exploration and the methodical steps required in the life cycle.

2. If you were hoping for some clarity on the stimulation question which was discussed at length here yesterday and waiting on the next steps, then Lorna has delivered in the RNS this morning. To my mind the timelines for Q3 are relatively close and nothing to say that there will be radio silence in the interim.

I see the SP has opened with the volatility that I suspected - as always time is your friend in investing - don't panic and look away if you are squeamish or prone to sea sickness - very choppy waters for a while.

Lets see if Lorna adds a little more colour into the news over the coming days to settle any jangled nerves - hope so - someone is clearly monitoring mood and sentiment here - the fact they emphasised that the flow was without any artificial lift to my mind was to address the very discussion points debated on this board. I suspect that someone from the company will be watching the mood music here over the coming days as well.

And relax - this is an exploration company at the moment and we have a unique find - remember that in choppy waters.

ATB

Apologies Q3 not Q4 - even closer

A useful update and clarification on certain points as well as managing expectations on timelines. Q4 sounds like a long time off but look at a calendar - not so long. In the interim there will be games afoot - play them carefully as volatility could well be the watch word today. Some will be panicked into actions they would not normally take only later to regret. How many times have we seen an exaggerated reaction in the SP only to be see a quick equilibrium position established. Limit orders - think very very carefully before having one I would suggest!

2024 is still set to be a monumental year in my view and time goes quickly.

ATB

The interview warrants several rewatches.

Lorna is a relatively young CEO but still many years of geology under her belt already. She has an incredibly bright future ahead of her and I doubt she would have put her professional reputation on the line unless she was personally 100% confident - superlatives like unique are a commodity to be used sparingly and not without justification.

ATB

Thanks for elaborating - interesting stuff and points that we should all be looking out for and hopefully covered by forthcoming announcements and presentations.

Thanks Skippy - so if I understand you correctly, whilst it might not have been stimulated in the exploration stage, there might potentially be a need for some form of stimulation in a production process?

Thanks CrustyPete. Being new to gas exploration I literally just did a quick search on fracking in Tanzania and found this site:

https://www.lexology.com/library/detail.aspx?g=87edd345-1d27-4016-bbdf-3a2e419eee2b

Now there may be other methods of stimulation other than fracking but it doesn't seem to be common in Tanzania because of the sedimentary rock. The other simplistic thought that occurs to me is that this would be an expensive type of exploration where there has been evidence of natural flows in other parts of the basin and if it wasn't free flowing would it have been more cost effective to move the rig to a potentially sweeter spot rather than go to the expense of fracking?

Just applying my version of common sense to the question but I underline, I have no industry knowledge here. I'm on a learning curve here so happy to be corrected.

Thanks

CrustyPete - just to fully understand your thoughts on the stimulation question - what type of stimulation do you think might have potentially come into play and if that was the case, what are the longer term implications for extraction. Genuine question from me to fully understand the discussion and potential impacts on commercialisation.

Thanks

I think my posting history will pay testement to the fact that I am a strong supporter of the company and very excited at the potential HOWEVER please do not overplay this video. It has a positive theme and that's it. It uses a montage of video clips presumably from the internet, woven together with clever annimation but that's it. No actual footage of HE1 operations or crew (check out HE1's gallery for examples of attire) and certainly not coming from the exploration team as hinted at in the closing footage. Mildly interesting whilst we wait for news but please see it for what it is - an amateur attempt at raising awareness which is to be applauded.

ATB

Presumably an AI attempt by a well wisher (pun intended)? Should come with an expectations warning I would suggest.

Will do Chesh - recommend looking at Renergen's journey in the meantime via their announcements - only just getting into the story myself but a good learning source from a path already blazed.

Hi Chesh - nothing from external sources on the Lassonde curve but I can't help but think it will apply here if you think through the various stages.

Roger65 below got me thinking about his question re years and I have started to have a look at Renergen in South Africa as a potential comparator (similar initial concentration %) but its far too early to draw any conclusions and of course we haven't had the anticipated results here yet.

High level if we get the news we expect, I think we will broadly follow the Lassonde Curve - calling the initial peak will be interesting though! The actual timelines to monetisation will be far less of course than a mine with most of the infrastructure cost I expect will be in the above ground facility. But I am new to Helium so might be totally off base.

ATB

News might come all at once but I am personally expecting it in chunks

- first putting some quantitive numbers out there with (and this is the important thing) context and interpretation.

- then there will probably be a requirement for additional drilling and research to add to the numbers already known but thats a pure guess on my part and hopefully will be adding to and not detracting from the first set of results.

- feedback on licences and possible partnership discussions

- high level strategic operational plan and potential high level pathway to monetisation

- funding / partnership / JV plans announced

- low level timelines for infrastructure / operational plans

- further exploration to build on known footprint to maximise regional finds

All conjecture on my part at these early stages - feel free to rip into and present your own thoughts.