Member Info for Jungmana

Helium stocks flying in North America,

Https://oilprice.com/Energy/Energy-General/Helium-Wars-Why-Are-Tech-Giants-Fighting-Over-This-Rare-Gas.html

Take this opportunity at 20% under the recent 6p placing price. They should be back drilling next week imo;

"Rukwa is derisked by the first well drilled in 2021;

"The #HE1 Rukwa Project has been derisked by the 2021 drilling campaign, which identified helium shows across multiple prospective intervals proving and established working #helium system."

https://twitter.com/Heliumone1/status/1702240383818699043?t=XNEKiVZtkqTHuch6RhqTDg&s=19

I think the seller since the placing is done. Any good news that the rig engine parts are in country and fixed will see this motor.

Helium shows news will put a rocket under it even before logging.

I expect news about end of this week

This is the rig;

Https://www.epiroc.com/en-mz/products/drill-rigs/well-drilling-rigs/predator-drilling-rig

Is the weekend, here is the repost of the interview;

Https://youtu.be/xQKniFvvNc8?si=8RtA-7B8mYrCiQMf

Lorna said in the interview ithat they are working within a 2 weeks window to repair the rig and resume drilling but she is "confident will be shorter than that "

Lorna has worked with Tullow oil for many years in Kenya and Uganda. She knows Epiroc ,the rig manufacturers have a good network of offices located in Tanzania, Kenya, Ghana and all over countries with a significant mining and drilling business.

They also have a large distribution centres in South Africa , Nigeria and Congo supplying spare parts and services within sub Sahara Africa in quick time.

Https://www.epiroc.com/en-za/newsroom/2019/epiroc-south-africas-state-of-the-art-facilities

The helium is there and lots of it.

"Now, a research group from Oxford and Durham universities, working with Norway-headquartered helium exploration company Helium One, has developed a brand new exploration approach. The first use of this method has resulted in the discovery of a world-class helium gas field in Tanzania."

Https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

Am going to predict 8p by the time drilling restarts .

Churn is done by yesterday's volume imo

Over the next 2 weeks we could have the rally many expected heading into spud but didn't happen due to placing overhang.

The placing was too close to the spud.

Should be an exciting few weeks ahead and hopefully we are successful with the drill bit.

The engine basically supplies power to the rig. Is like the engine on a ship breaking down.

Will be repaired soon and drilling could resume sooner than expected.

The breakdown is engine to the rig and nothing to do with the drilling itself. Yet to drill through any of the targets therefore the exciting part is yet come.

Lorna hopes to resume drilling sooner than 2 weeks;

Https://youtu.be/xQKniFvvNc8?si=6KAZtI5e4J5Di8LV

News Monday or Tuesday and hopefully will be very positive. Holding strong here :

"The Company expects to make a further announcement once TD has been reached"

Highly derisked by the 2021 drilling and imo the share price would have been well over 10p by now hadn't the placing taken place for a 2nd well .

Busy 2 well drill programme back to back and hopefully 20p+ jn a few weeks.

Take 5 mins to read this and see the opportunity here;

"Now, a research group from Oxford and Durham universities, working with Norway-headquartered helium exploration company Helium One, has developed a brand new exploration approach. The first use of this method has resulted in the discovery of a world-class helium gas field in Tanzania."

https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

Good to get rid of a few bed wetters today;

"The #HE1 Rukwa Project has been derisked by the 2021 drilling campaign, which identified helium shows across multiple prospective intervals proving and established working #helium system."

Onwards and upwards fingers crossed

"Now, a research group from Oxford and Durham universities, working with Norway-headquartered helium exploration company Helium One, has developed a brand new exploration approach. The first use of this method has resulted in the discovery of a world-class helium gas field in Tanzania.;

https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

Https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

The helium is there but at what quantity is the question;

"Rukwa is derisked by the first well drilled in 2021;

"The #HE1 Rukwa Project has been derisked by the 2021 drilling campaign, which identified helium shows across multiple prospective intervals proving and established working #helium system."

https://twitter.com/Heliumone1/status/1702240383818699043?t=XNEKiVZtkqTHuch6RhqTDg&s=19

Https://www.proactiveinvestors.com/companies/news/975546/helium-one-boosted-by-oxford-and-durham-university-study-975546.html?rel=scroll

Testing programme

The proposed rigless testing programme has been presented to the Office National des Hydrocarbures et des Mines ("ONHYM").

MOU-1 will be the first well in the rigless testing programme to be performed by Energy Consulting Services ("ECS") based in France and with a licence to use and operate the Sandjet perforating technology.

Ten individual horizons within the interval 1217 to 1300 metres TVD KB have been selected for perforating.

In the interval 769 to 912 metres TVD KB a further eight individual horizons have been selected for perforating.

Four additional data points between 1397 to 1400.5 and 967 to 991 metres and at 1035 metres TVD KB may be added to provide information that may be potentially useful for the finalisation of the MOU-3 rigless testing programme.

The MOU-1 well will establish Sandjet rigless testing procedures and will adjust the operating parameters to optimise the depth of penetration into the reservoirs of interest if and where required.

Testing individual sands in sequence from the bottom of the MOU-1 well upwards will evaluate the potential for co-mingling different sand intervals on production and help determine if there is a requirement to isolate any interval downhole based on any material water cut.

An alternative to a coiled tubing unit originally sourced out of Tunisia, which is required to run the Sandjet perforating tool, has been now been sourced in France by ECS. This will enable the testing programme to commence at the earliest possible opportunity in September. Shipping logistics from Tunisia, due to competition for vessel cargo space, created uncertainty regarding the exact scheduling of commencement of field operations.

The adjusted schedule for delivery of the Sandjet equipment is currently being put together by ECS and a further announcement will be made when this is finalised..