Member Info for Jungmana

Well done Lorna and team. Now fix that rig for the next well as it's job is done at Tai-3;

The Company has now successfully pulled the drill string out of hole at Tai-3

-- Wireline operations and initial logging underway

-- Downhole sampling to commence once logging is complete, with capability for onsite analysis

What's happening now with PRD is that more investors are losing trust in Paul.

I can understand as last night I went through several rns and interviews he did over the last few months.

Trust in the ceo's words and plans is very important for any company

Paul must do an interview today to explain the latest news.

Happy yo have TT acquisition concluded but the biggie is the testing.

Goal posts bring moved for the third time.

We deserve an explanation of the delay.

Paul is a major shareholder here and would obviously like to get the best deal possible.

Delay of testing is a commercial one and patience here will pay off big time imo

Excellent news for Noble helium. Rukwa will soon be a significant global helium supplier imo.

Note that Nobles targets were all lake Bed...which is also the upper target for Helium One. However Helium One have additional targets in the Karoo and the Basement.

I other words helium One has more targets and are drilling deeper than Noble.

Very exciting week ahead

Wise ones loading . 100m to go including a bigger basement.

Let's see where we are in 2 weeks time.

My guess 10p+

Paid 4.9p for my top up this morning. Could not get a quote at 4.5p and 4.7p.

On today's rns this should be 7p+ imo

News is fantastic as hoped for at this stage.

Wireline logging will be next once drilled to TD.

Trust in Lorna

"Whilst it's frustrating to have suffered another small setback with the rig, we are confident we will resolve these issues quickly so we can get back to drilling and target the remaining reservoir in the Basement "

Should take 2 to 3 days to repair imo;

"The Company is confident that this part can be replaced in-country but will require a few days to source and repair."

Yes there will be a 2nd drill. The well pad construction is almost complete and Tai well should reach TD in a few days time.

November is forcast to be dry

"The Tai-3 well has encountered helium shows whilst drilling in the Lake Bed Formation and the Lower Karoo Group. These measurements were made on the Micro Gas Chromatograph whilst drilling and have also been calibrated with the portable mass spectrometer to confirm the presence of helium in the mud gas."

2 targets drilled both have solid helium shows and once rig is fixed by Wednesday resume drill into the final 3rd target.

2 out of 3 so far.

Fantastic news

As suspected they've been drilling slower than expected.

We should get an rns this week and hopefully is a good one:

hTTps://twitter.com/heliumone1/status/1716712678352175121?s=46&t=qc2uCn2fdizsarw1NQt2kQ

Listen to Lorna from about 9 mins,

The $1.3bn CPR figure is an independent valuation for Tai prospect alone based on 2.8bcf of helium.

Not even considering the upside from other prospects on Rukwa and our other areas.

https://youtu.be/TRnwjLtNH_w?si=1XpvI5lskiM8cIwS

I can smell the helium;

"Prior to the component failure the Company had drilled to just below the 13 3/8" casing shoe, which was on track with our expected drilling timetable. The Company will now continue to drill ahead to the planned total depth ("TD") of 1,100m MD through the primary reservoir targets in the Lake Bed Formation, Karoo Group and Basement. The Company expects to make a further announcement once TD is reached."

I expect TD by Friday the 20th;

"On Friday 13(th) October, the Company successfully installed the replacement part required to resolve the component failure in the main rig carrier that occurred on 4(th) October. With the assistance of the rig mechanic and engineers from Epiroc, the rig manufacturer, the rig then underwent testing prior to restarting operations. As of 16:00 hrs EAT (14:00 hrs BST) on Sunday 14(th) October, the Predator 220 drilling rig recommenced drilling."

If no more hiccups should reach TD by Weekend.

Onwards and upwards

Fantastic news;

Highlights

-- Replacement rig component sourced and installed

-- Drilling activities have successfully restarted on Tai-3

-- Plan to drill ahead through primary reservoir targets to total depth of 1,100m measured depth ("MD")

-- Itumbula-C civils work and well pad preparation on track

-- Recent soil gas survey over Itumbula prospect yields helium concentrations above background levels

Article is a year old but worth a read;

Https://www.thecitizen.co.tz/tanzania/news/national/tanzania-to-start-helium-production-in-2025-3772132