Member Info for liquid1

DM screwed as all with his "Must drill Taerget"

FFS! Why did not drill the original target and then come to Tai??

Lost all faith in DM!

All the required regulatory approvals have now been received for both the CimetrA(TM) Phase III and CannEpil Ò Phase IIb clinical trials.

-- An application has also been submitted to the Brazilian regulatory agency, ANVISA, to add an additional eight clinical sites to the CimetrA(TM) Phase III trial.

-- The first patients are expected to be enrolled in June 2021 for the Phase III CimetrA(TM) and September 2021 for the Phase II CannEpil Ò Epilepsy trial.

-- Interim trial results are expected in Q3 2021 for CimetrA(TM) and Q4 2021 for CannEpil Ò .

MGC’s products, two of which are cannabis-derived, have the potential to tackle treatment-resistant epilepsy, dementia and Alzheimer's, and the symptoms of Covid.

https://www.proactiveinvestors.co.uk/companies/news/958700/mgc-pharma-inks-us-deal-worth-at-least-us24mln-958700.html

MGCLF - MGC Pharmaceuticals Limited
Other OTC - Other OTC

16:37:49
12.821
2,000,000
256.42k O

Blue tomorrow

Possibly Helium show RNS as 6th day tomorrow.

Indeed
Over effing sold!

https://twitter.com/heliumone1/status/1429414523061080064?s=21

Helium can keep vaccines very cold — it has the lowest boiling point of any chemical element. It helps to cool down cloud computing data centres, including those mining cryptocurrencies, and it is used to make magnetic resonance imaging machines…”

DM states they are testing shallow targets:

"We are delighted to have started drilling activity at Tai-2, testing shallower targets that were not fully evaluated in Tai-1. Tai-2 is approximately 20m from Tai-1, is on the same drill pad and uses the same infrastructure, therefore saving time and money by drilling here rather than moving on to a new location."

At approximately 6:30pm local time on Saturday 19th June, at a depth of 70.5 metres, the Helium One mud logging crew detected helium in mud at a concentration of 22,084ppm (2.2%) He. The gas show is situated at the base of a 20 metres thick shale unit and persisted at >10,000ppm (>1%) He for 4-6 meters. Readings were made on the Micro Gas Chromatograph only, which had not yet been calibrated in the field.

Valuation: maintaining our risked NAV of 25p/sh

Helium One’s share price is down sharply today given the market’s disappointment in not being able to prove up a commercial discovery and high expectations going into the well. However, we are keeping our risked NAV unchanged at 25p/sh given the inconclusive result on Tai and the potential to come back and redrill the prospect. We only carry 4p/sh in risked value for Tai, which is worth 31p/sh unrisked. On an unrisked basis, we have a NAV of £1.33/sh or ~10x upside. Further to this are the follow-on prospects that are not included in our NAV and its other exploration areas. A US$50/mcf increase in the helium price would increase our risked NAV by 6p/sh and unrisked by 33p/sh.

http://www.helium-one.com/analyst-research/

Very positive with second well and full of confidence after data obtained from 1st well

Plainly the plan is for Tai-2 to avoid and/or overcome the problems experienced in the first well so that pivotal data can be gathered to potentially confirm a helium discovery at Rukwa.

https://www.proactiveinvestors.co.uk/companies/news/958185/helium-one-rallies-as-its-goes-again-in-tanzania-958185.html

HLOGF - Helium One Global Ltd
Other OTC - Other OTC Delayed price. Currency in USD
0.2100
+0.0600 (+40.00%)
At close: 3:58PM EDT

HLOGF - Helium One Global Ltd
Other OTC - Other OTC Delayed price. Currency in USD
0.2100
+0.0600 (+40.00%)
At close: 3:58PM EDT

Plainly the plan is for Tai-2 to avoid and/or overcome the problems experienced in the first well so that pivotal data can be gathered to potentially confirm a helium discovery at Rukwa.

Tai-1 encountered helium shows in a total of five intervals of the Karoo formation, three of them had been identified pre-drill as targets.

Wireline logging of the uppermost interval did not find evidence of ‘free’ – i.e. movable and producible – gas though data indicated good reservoir potential with porosities of 15 to 20%, something that may bode well for other zones.

Unfortunately for Helium One and its investors this was the only interval among the five that could be examined in detail. Deeper intervals could not be logged nor tested due to poor and deteriorating hole conditions, it said earlier this month.

At the time, the company described the deeper intervals as “thicker and cleaner sandstone units”.

The company also told investors that through the Tai-1 programme it had “learnt a lot about the subsurface”.

Stockbroker SP Angel, in a note, similarly pointed to de-risking that precedes Tai-2.

“Whilst typical exploration risks will remain especially given the close proximity to Tai-1, investors can take some comfort from the evidence of Helium shows at multiple stratigraphic levels recorded during drilling of the first well of the programme,” SP Angel analyst Sam Wahab said.

To say that the company arrives at Tai-2 with more confidence after the events at Tai-1 perhaps feels disingenuous given the halving of HE1’s share price in the aftermath of the recent well, nonetheless, there’s some technical truth in such a statement.

Tai-1 very nearly ‘proved’ what was previously speculated – that the Rukwa project contains a natural source of helium. Such deposits are rare and the gas is very much in demand by global industry.

In Helium One’s words, Tai-1 proved a working helium system and it substantially de-risked the Rukwa basin.

Chief executive David Minchin, in Thursday’s statement, goes a little further saying the “free helium gas is waiting to be discovered.”

9K3.F - Helium One Global Ltd
Frankfurt - Frankfurt Delayed price. Currency in EUR
0.1850
+0.0590 (+46.83%)As of 10:45AM CEST.

https://uk.finance.yahoo.com/quote/9K3.F?p=9K3.F

Yanks will be buying HLOGF after 2:30pm when USA opens

A helium show in a virgin basin is highly significant as for the first time it proves the existence of helium in the subsurface. Also, only a relatively small volume of helium is required for commercial production as it is a high value gas.

Forward drilling plan still to be formulated: possible test of shallow targets
HE1 is still in the process of formulating its forward drilling plans. There is the potential for HE1 to test some of the shallower prospectivity that showed up at Tai with the existing rig in the near term. The rig used by HE1 was a low-cost rig that drills slimline wells, which enabled HE1 to gather a large amount of data to de-risk the play at a total cost of only ~US$2mm despite the longer than expected time to complete the well.

http://www.helium-one.com/analyst-research/

They gonna test this:

At approximately 6:30pm local time on Saturday 19th June, at a depth of 70.5 metres, the Helium One mud logging crew detected helium in mud at a concentration of 22,084ppm (2.2%) He. The gas show is situated at the base of a 20 metres thick shale unit and persisted at >10,000ppm (>1%) He for 4-6 meters. Readings were made on the Micro Gas Chromatograph only, which had not yet been calibrated in the field.