Member Info for liquid1

The Red Sandstone Group sits above our primary targets and was previously considered to be of low prospectivity due to a lack of effective sealing units. The gas show occurred beneath a thin claystone unit and demonstrates a working helium system, whereby gas shows may also be identified beneath even marginal sealing units.

The gas show is supported visually by indications of increased levels of gas entrained as bubbles in return mud at surface. This offers circumstantial evidence of free gas in the subsurface, however we have no direct evidence and the bubbles may have entered the return drilling mud from other sources. Free gas containing helium will need to be confirmed by direct measurement via wireline logging and testing before a discovery can be confirmed.

It was "another positive result" for the helium explorer.

Helium One Global Ltd - Helium One’s latest gas shows are encouraging - broker
Stockbroker SP Angel described the latest results from Helium One Global Ltd’s (LON:HE1) Tai-1 well in Tanzania.

Helium One, in a statement on Monday, reported its latest notable helium gas show in the well above its primary target zone. Shows were seen from a depth of 552 metres to 561 metres and helium gas was observed visually at surface as bubbles in drilling mud.

“With further drilling still to take place at Tai-1, these are early days in the company’s drilling campaign. Early helium/gas shows are encouraging but obviously not conclusive at this stage,” analyst Sam Wahab said in a note.

“Nevertheless, the identification of helium gas shows in the Red Sandstone Group between 552m and 561m is another positive result as this zone was previously considered to be of low prospectivity.”

Helium One additionally noted that it would now sidetrack the well in order to complete the drill programme, after a drill pipe was lost into the hole at 561 metres.

It will restart drilling the sidetrack the well from a depth of 483 metres.

https://www.proactiveinvestors.co.uk/companies/news/954775/helium-ones-latest-gas-shows-are-encouraging---broker-954775.html

https://twitter.com/heliumone1/status/1414526706094944261?s=21

Going into Helium marginal seal now!

Just listen to how excited DM is.

New by next Monday on Commercial discovery

Indeed, September is coming in 7 weeks!

Helium market is gonna be disrupted, with He surging!

DM interview

Ends stating he is very optimistic about the target.

Stockwits USA sums up UK
https://stocktwits.com/symbol/HLOGF
ironman00
Bullish
07:28 AM
$HLOGF
GAS GAS GAS GAS GAS ???

For everybody whining in England (not because of the football) due to a lost drill bit you’re in the wrong stock. You must expect this to happen from time to time. It’s the mining business! More gas shows are visible! That’s why we’re here. We continue. If this stupidly drops because British and European investors are scared little puppies thanks for the cheap ones!

Spot on

Remember last RNS on He shows sp dropped in the morning and then shot up for a few days.

Expect the same

Minchin added: “The delay caused by the loss of drill string in the midst of the drilling is unfortunate, however contingency plans have been implemented to sidetrack from above the lost pipe and continue drilling to test both the Red Sandstone gas show and priority target horizons beneath.

“This option allows us to utilise the existing 483 meters of already completed drilling rather relocating to a new location.

"With the above indicators already identified we look forward to a successful completion of drilling on this target location."

Helium One Global sees further helium gas shows in Tai-1

2021-07-12 07:37:00
The Tanzanian well encountered significant and unexpected gas shows in a zone above its primary target, prior to a drilling set-back which will now require a sidetrack to be drilled.

https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/954680

Unlike other gases, helium is more soluble in hot water than in cold water. Therefore, as reservoir water is heated, it scavenges helium which migrates upwardly along gas permeable zones of weakness created by a cooling magmatic body. As a drill bit penetrates through conjugate fractures adjacent to a potential reservoir zone, the helium charged fluids in these fractures mix with the drilling mud and are transported to the surface where they are detected.
To employ the method of the present invention, the helium content of the drilling mud is determined and monitored, either intermittently or continuously, during drilling operations. The background level of helium is established during the early stages of drilling the well. This background level may not be constant, but can vary gradually during the drilling operation. During monitoring operations, the average helium content of the drilling fluids from the upper strata are assumed to be the normal helium background level. Moderate increases in the helium content over the background level indicate faulted strata. Further increases in helium content indicate that the drill bit is approaching a geothermal reservoir. For example, the background level may range from about 5 to about 12 ppm by volume, while faulted strata will have greater than about 12 ppm helium. Helium levels above 20 ppm, generally in the range of 70-1700 ppm, are found in fluids near geothermal reservoirs.

https://patents.google.com/patent/US4378055

The Gas Shortage That Could Kill Space Exploration
FN Media Group Presents Oilprice.com Market Commentary

NEWS PROVIDED BY
OilPrice.com
Jul 08, 2021, 08:00 ET

The gas is helium, and we're running out. The Federal Reserve has all but been depleted and the bottom of the barrel, so to speak, is being auctioned off. By September, this supply will likely cease to exist. So will the price controls.

The tech industry is likely to find itself scrambling to secure supply…It's key to hard drives. It helps feed our insatiable hunger for big data. Without it, medicine would be deprived of MRIs and critical R&D.

Even billionaire Jeff Bezos' Blue Origin space mission depends on it… as the richest man in the world prepares to go on the maiden commercial flight into space. So does Elon Musk's SpaceX, Richard Branson's Virgin Galactic, and of course, NASA.

That's why we've had a federal reserve for this gas and price controls since the early days of the Cold War. The gas is helium, and we're running out. The Federal Reserve has all but been depleted and the bottom of the barrel, so to speak, is being auctioned off. By September, this supply will likely cease to exist. So will the price controls.

https://www.prnewswire.com/news-releases/the-gas-shortage-that-could-kill-space-exploration-301327603.html

Remember 3rd May in USA

RE: HLOGF is up 414%
03 May 2021 15:04
1.65 USD
+1.33 (414.02%)
3 May, 09:40 GMT-4 ·Disclaimer

Is the a preview of what's to come?????

All helium stocks up even Helium one.

Only down here on LSE due to panic sellers

NOBLE HELIUM
A NEW APPROACH TO HELIUM GAS EXPLORATION
The 100 year old method of extracting helium from natural gas wells containing tiny concentrations of helium – 0.3% to 0.5% – has served us well but is limited and it will not be enough to sustain growth in demand beyond 2030.

In the areas we have locked up in Tanzania we expect to find very large volumes. Already we have seeps of up to 18% at surface; this is almost 40 times the normal concentrations in the small number of natural gas fields that currently provide most of the world’s helium. The geology here has never been tested but is near-ideal for the large independent helium reserves needed to secure world supply.

We have already seen independent certification of helium resource estimates for the area (Certified Prospective Resources or CPRs) of 98Bcf, which if proven would represent 3 times the US BLM reserve at peak capacity or 20 years supply based on current global market demand.

https://noblehelium.com.au/

Awesome Helium Tanzania article.

https://storymaps.arcgis.com/stories/43b53f4cf59d4f1c9f1984ab5a9fa8d6

Jon and Ernest discovered that helium is seeping out of the ground associated with thermal springs along faults in these regions, indicating that there is communication from deep helium reservoirs to the surface. Helium production is hypothesized to have resulted from the heating and fracturing of the Archean Tanzanian craton and Preterozoic Belts such as Ubendian and Usagaran and Mozambique Belst by the younger arms of the East African Rift System. Helium concentrations exceed 10% in the gas seeps, indicating significant reserves.

If Helium Global One (LON:HE1) can pull off its ambitious plans to become a producer of high-grade helium for the international market, investors could be set for some rich rewards. The question is how great a leap of faith they must first make.

The market for this gas has increased dramatically: prices for bulk liquid helium jumped 135% percent in the last two years. A recent Research and Markets report forecasts that the market, worth $3.65 billion in 2020, will be worth $7.65 billion in 2030.

Demand for helium has accelerated notably in the medical sector, the largest consumer, where its uses include for MRI scanners and refrigeration of Covid 19 vaccines. What’s more, in most applications, there are no substitutes for helium.

https://www.google.co.uk/amp/s/www.thearmchairtrader.com/helium-global-one-he1-share-price/%3famp

Quote from 2019:

Helium market

When Helium One comes online, provided of course the drilling stage confirms previous estimates, the production looks set to shock the global market.

Helium is a crucial component in a number of instruments including MRI scanners, telescopes and radiation monitors as well as spacecraft.

The supply has been dwindling slowly over the years with around 75% of helium produced from just three sites: two in the US and one in Qatar.

This set-up is currently taking a serious hit following the decline of two US oil and gas fields which produce helium as a by-product, and the blockade of Qatar by Saudi Arabia which continues to choke their supply.

With the price of helium ballooning, buyers are nervous that the fragility of the supply chain may lead to further price volatility and eventuality put the ability to source helium into question all together.

“If any of these plants shut down for maintenance or anything happens, then that will really wipe out a significant amount of supply,” explains Bluett. “We see ourselves as playing an important part in rectifying the fragile and not very diverse supply chain. The message from all our buyers is – when are you going to be in production, we want to buy your helium.”

Indeed, contrary to media reports that helium gas is ‘running out’ the concern is more accurately centered around securing and diversifying the supply chain.

Places like Algeria and Russia have the potential to export helium but are hindered by governance issues.

As a result, leading scientists like Gluyas argue that it’s the accessibility of helium which is under threat not the resource itself.

“I don’t think there’s a global shortage of helium at the moment; there’s a global shortage of accessible free market helium,” he says.

In this context Tanzania has the capacity to “alter the global supply” if it can effectively manage its helium industry and create an enabling environment for private sector input.

https://african.business/2019/05/economy/tanzania-could-become-top-helium-producer/

So about 300p for 50billion asset??

Roll on RNS