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HLOGF - Helium One Global Ltd
Other OTC - Other OTC Delayed price. Currency in USD
0.3090
+0.0190 (+6.55%)
At close: 3:58PM EDT

Awesome!

Better for the sellers to sell now and not at +100p before lockdown ends by July 19th.

What makes this discovery special?

What really separates this particular discovery to other Helium reservoirs is the extremely high amount of helium percentage located near surface seeps. In other locations they are typically about 1%, however, in the Tanzanian section of the East African Rift System, the high % of He measured in the gas seeps produce up to 10.5%!!!

The potential reserves estimated for the Rukwa Basin are about 98 Bcf, or the equivalent of the supply for approximately 14 years worth of global helium demand. Current studies have even bumped these values upwards of 138 Bcf. "SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues". To put this discovery into perspective, global consumption of helium is about 8 Bcf per year and the United States Federal Helium Reserve, which is the world’s largest supplier, has a current reserve of just 24.2 Bcf. Total known reserves in the USA are around 153 Bcf.

Tanzania wildcat spuds, targeting potential helium resource of global significance

Helium One's debut well has spudded in the Rukwa basin where potential resources of high value gas could be 138 billion cubic feet.

https://www.upstreamonline.com/exploration/tanzania-wildcat-spuds-targeting-potential-helium-resource-of-global-significance/2-1-1024572

18th June drill
23rd June Helium shows

DESERT MOUNTAIN ENERGY ENCOUNTERS GAS IN MULTIPLE ZONES AND SETS PRODUCTION CASING IN ITS FIRST EXPLORATORY WELL IN ARIZONA’S HOLBROOK BASIN

June 23, 2020/
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has encountered gas in multiple zones in its first wildcat exploratory well in Arizona’s Holbrook Basin. DME Well No. State 10-1 (API No. 02-017-20130) encountered gas in five different zones aggregating approximately 182 […]

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DESERT MOUNTAIN ENERGY COMMENCES DRILLING THE FIRST WELL OF ITS HELIUM PROGRAM IN ARIZONA’S HOLBROOK BASIN

June 18, 2020/
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has commenced drilling its first helium well in Arizona’s Holbrook Basin. DME Well No. State 10-1 (API No. 02-017-20130) was spudded today in Navajo County in the central portion of the Basin.

Potentially the largest Helium producer in 3 months if they find the motherload they have been looking at over 5 years!

That’s basically Mid September 2021! Cool!

Helium One commenced exploration drilling at the #HE1 flagship Rukwa Project in Tanzania at 4pm local time on Saturday 12(th) June.

https://twitter.com/alexios1201/status/1404352962017828864?s=21

Hope we get helium shows by Friday

Expecting RNS next week on Helium shows!

SRK Consulting have reported a 'Best Estimate' Un-risked prospective recoverable helium resource of 138 Bcf (2U/P50), the largest listed primary helium deposit in the world, with helium measured in surface seeps at up to 10.6% He.

9K3.F - Helium One Global Ltd
Frankfurt - Frankfurt Delayed price. Currency in EUR
0.2640
+0.0380 (+16.81%)As of 4:37PM CEST.

---When helium was controlled by the government, prices were in the $60 per thousand cubic foot range. Currently, the market demands between $200 and $400 dollars per thousand cubic foot, Demers said. That’s out of reach for many academic research institutions

https://eu.azcentral.com/story/news/local/arizona-environment/2021/05/16/helium-mines-could-lift-arizona-economy-but-locals-fear-effects/7113083002/

Some facts:
---When helium was controlled by the government, prices were in the $60 per thousand cubic foot range. Currently, the market demands between $200 and $400 dollars per thousand cubic foot, Demers said. That’s out of reach for many academic research institutions.

---Most helium escapes the Earth into the atmosphere, but in certain places, like the Holbrook Basin, it gets trapped in salt domes or other geological formations, like a bubble leveling device. As a result, the drilling process would be similar to drilling a water well in most cases.

“Helium is coming up from the Earth's interior all over the planet,” Uhlman said. “It's coming up in your backyard. It's coming out at the football field. It's coming out everywhere at a steady basis. And the only reason you want to drill for it is if it's been captured underneath a layer. This gas wants to move up and it doesn't move horizontally, it just moves up and it makes a pool. You drop a conventional well into it and then you've got your helium.”

---Recent discoveries in Russia and Tanzania may change the market again. Companies see a strategic interest in the U.S. maintaining its own steady domestic supply, especially in a market that can shift dramatically overnight.

Newsletter 1st June:

This leads us, of course, to the biggest news for HE1: all activity thus far has been to prepare for our maiden drill program and we are pleased to say that the rig has finally arrived on-site.

We are enormously excited for drilling to begin in the next two weeks.

http://www.helium-one.com/2021/06/01/helium-one-company-news-may-2021/

2 weeks is on Monday 14th June!

Can’t wait till next week!

Newsletter 1st June:

This leads us, of course, to the biggest news for HE1: all activity thus far has been to prepare for our maiden drill program and we are pleased to say that the rig has finally arrived on-site. We are enormously excited for drilling to begin in the next two weeks.

http://www.helium-one.com/2021/06/01/helium-one-company-news-may-2021/

No risk no reward…..
I’ll say no more……

Getting closer to spud :))))

Germany up 17%

9K3.F - Helium One Global Ltd
Frankfurt - Frankfurt Delayed price. Currency in EUR
0.2600
+0.0380 (+17.12%)As of 9:58AM CEST.

Reckon spud this weekend or Monday.

Remember DME, had helium shows 5 days into drilling!!!

By next week we will in the ground awaiting 1st helium shows!