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I sold at a huge loss and got fed up of watching red each day, when I researched this one I thought great good news and this share was going places , but all I have seen since I joined is red each day should of stayed where I was like they say you only loose when you sell and boy I did.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has provided a hotly anticipated update on its operations in Tanzania, where it says that the drill stem test (DST) of the Itumbula West-1 well has measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%.
The company now intends to carry out a more extensive and detailed extended well test (EWT) on the same well in the third quarter of 2024.
It is now also advancing desktop work, to compile resource estimates and subsurface modelling.
Helium One also revealed it’s starting talks with potential vendors for production facility engineering.
It represents the first steps towards establishing a pathway to production for the helium project.
"The company's focus is now on appraising and evaluating the resource potential at Itumbula West-1," chief executive Lorna Blaisse said in a statement.
“Whilst progressing the subsurface work, to better understand the resource estimates in a fractured Basement and fault play, we are planning the next phase of operations.
“An extended well test at site will enable us to confirm commercial flow rates and fluid composition, whilst continuing to plan for development and production scenarios in parallel.”
Blaisse added: “This is a highly exciting time for the company as we transition beyond exploration.
“I look forward to providing further updates as we progress our plans in due course."
At the same time, the company revealed it is primed for the next round of drilling – as it highlighted that its owned drill rig is “currently hot stacked and remains in a state of operational readiness”
Great RNS , but what a load to take in to be honest I got a bit bored after a while yet lots of info there.
What I don’t understand is why couldn’t some of this RNS be released in small doses keeping lTH informed and happy with progress which would stop a lot of hate messages on this board , and also why hasn’t the share price rocketed it seems that when good news come the share price doesn’t react to it very strange, anyway have a great day and good luck.
Well things are slow here , but thinking about the kind of business we are invested in , for a company to contact Syme arrange a meeting with all associated to talk and meet with directors who are probably on holiday, and then for Syme to check finances, You can then understand why it’s taking so long for news. Good luck everyone just patience needed.
Just my thanks to the persons who gave up there time and money to attend the AGM I watched and listened to it all and I thought the questions asked were very precise and they answered best they could without giving anything away.THANKS GUYS.
Just thought I would check in and I see we are up to our old tricks of going backwards.
Anyway got to share this we are in Pireaus Greece 38 degs phew anyway we went into a supermarket this morning and I said to the lady on the till in Spain we call the bag a Balsa what do you call it and she said plastic bag lol 😂.
Good morning everyone, wow what superb weather we are having. I sit in my garden with a beer whilst slowly turning brown, and yet other parts of the world they are starving and killing each other, Wes are so lucky.