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'Early commercialisation very important to the company and shareholders and we would not be progressing to this next stage if we were not confident in what we have currently found'
Durham University article - March 2023
Carbon-free source of natural helium
Helium is a £5.3billion market and is essential for many medical and industrial processes. A global shortage has pushed supplies almost to a crisis point, with prices skyrocketing.
Almost all helium today is also a by-product of methane or carbon dioxide natural gas production. This carries a significant carbon footprint and hinders ambitions to achieve net-zero carbon emissions by 2050.
Identifying alternative, carbon-free sources of natural helium has become critically important.
Gas field formation
This study provides a new concept in gas field formation to explain why, in rare places, helium accumulates naturally in high concentrations just beneath the Earth’s surface.
Where rare helium-rich underground gas fields have been found, they always occur alongside high concentrations of nitrogen gas. Until now, this has been unexplained.
The researchers built a model to account for these helium-rich deposits by factoring in the presence of nitrogen, which is also released from the deep crust along with helium.
The researchers identified the geological conditions where the concentration of nitrogen becomes high enough to create gas bubbles in the rock pore space. Such a process can take hundreds of millions of years, but when it happens the associated helium escapes from the water into the gas bubbles.
No methane or carbon dioxide
The model shows that the helium-rich gas bubbles then collect beneath the seal and form a substantial gas field. These nitrogen and helium-rich gases contain no methane or carbon dioxide so extracting them will not release carbon emissions.
The model also identifies regions where large amounts of hydrogen gas may accumulate underground, since the naturally occurring radioactivity that generates helium can also split water to form hydrogen and oxygen.
Hydrogen gas is currently produced from coal and natural gas (methane), contributing 2.3 per cent to global CO2 emissions. Hydrogen-rich underground deposits could provide an alternative carbon-free source of hydrogen.
Highlights
· Drill stem test ("DST") results carried out on the Itumbula West-1 well calculate a MINIMUM!!!!!! flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% helium
· Extended well test ("EWT") planned on Itumbula West-1 well in Q3 2024
· Resource estimates and subsurface modelling being progressed
· Early engagement with vendors regarding production facility engineering as the Company's focus transitions towards development and production
· Company-owned Epiroc Predator 220 drilling rig is currently hot stacked and remains in a state of operational readiness
I understand the constant deramping but also understand that MANY people on here have not a clue - please read the RNS and the one before and watch the video
Those that do understand I do hope you are able to buy on the dips
GLA
Company in active discussions with a broad range of potential commercial partners with the objective of completing deals across the portfolio in 2024
Untapped value with its 10.8% holding in Incanthera worth £916000
‘Board is positive about short, medium and long term future’
Going to make a coffee and read it all again
Lots of mention on the closing price of $1.47 Nasdaq if there is relevance with Aim we should be a lot higher?
What? - that video was like having several RNS at once in my opinion - I personally don't need anything further at the moment to make my mind up - Transformational Growth, Unique Globaly, 4.7%, concentrations higher than anyone else globaly, the only Helium company registered on AIM, the price of Helium now and future
Lightbulb has gone on for me and I am in agreement with others, the share price should not be this low at this stage
Just checked in this morning and cannot believe my eyes - If any of you spouting nonsense read or watch Lorna
she has confirmed they have found Helium 4.7% at surface, the well was tested independently analized and verified AT SITE - they have sent samples off but this is the Hydrogen and these are not going to slow down action going forward...
Anyone with any doubt or new to this share please just read the latest RNS and watch the 22nd February interview and if in any doubt on the value of what they have found (Pure Green Heluim/Gold Hydrogen) just google it
As Lorna states 'Transformational Growth'
Snippet from the University of Oxford News and Events March 2023:
Helium is a $6 billion (£5.3 billion) market, with the gas being essential for the operation of MRI scanners, computer chips and fibre optic manufacture, and state of the art nuclear and cryogenic applications. A current global shortage has pushed supplies almost to a crisis point, with prices skyrocketing in recent years. The situation has been escalated by the Ukraine war, since this ruled out helium being supplied from the new Russian Amur plant, planned to supply 35% of the global helium demand.
In addition, almost all helium today is a by-product of methane or carbon dioxide natural gas production. This carries a significant carbon footprint and hinders ambitions to achieve net-zero carbon emissions by 2050.
Together, these reasons mean that identifying alternative, carbon-free sources of natural helium has become critically important.
Lorna confirmed no hydro carbons only Nitrogen as the carrier which makes it more straightforward as we have Pure/Green Helium and Gold Hydrogen