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Would LB be able to give an early EWT heads up to him?

Keep adding more - good point.

Annual sales - $60billion odd.

MCap - $3 trillion odd.

PC - question. If the global helium market is worth $2.8 billion - is that per year?

If so, I'm curious how much helium must be down there for HE1's MCap to be twice the global market?

Like all of the holders here, I'm hoping for something big. Just can't fathom a MCap that big.

I'd been keeping an eye on the buys/sells over the last week or two. Not many 7 figure buys/sells compared to the smaller trades.

Yesterday & today - some BIG trades going through.

1/4 billion shares traded already!

If the EWT proves positive they will take on debt, no further placing (unless a JV/buyout comes in)

I believe Noble are the other company drilling nearby, but not as advanced as HE1.

Would they be able to update the TIC with some results before an RNS (even if not explicitly, more like a nudge nudge wink wink)?

I think it's to do with the spread (1.40-1.50), I'm guessing no one is actually paying 1.50, so anything under is showing as a sell.

That said, it's low volume

As always, great post. I'm learning a lot through your input.

A question;

To move onto the EWT, how certain are the board and team that they might have a commercial find? Would they have carried on drilling deeper if the signs were not strong enough? Or gone to other areas if there was little sign?

So a reservoir is basically a big pocket of natural gas.

In regards to the fractures - where are they fracturing from? Can they fracture from a reservoir? Or are they fractures in the rock and the helium migrates from the source (the core?) and into these fractures?

And taken from elsewhere:

"To start off, helium-rich gas reserves tend to form in a discontinuous manner; they occur mainly within tight sedimentary rocks or deeper fracture systems at depths between 3 km and 7 km below ground level. Such conditions require specific geological settings for helium to accumulate and become concentrated enough so that its presence is identifiable. In addition to being found within certain settings, some regions have been observed with higher concentrations than others due to differences in tectonic activity and levels of magmatic intrusion over time. This suggests that structural elements play a role in determining the spatial pattern of occurrences for such resources."

The below post mentions reservoirs and fractures in relation to finds in Kazakhstan

Does this help (again, I'm educating myself ATM)?

The results show that three gas reservoirs formed from bottom to top, i.e., granite and metamorphite fractured reservoir in the basement, tight sandstone structural reservoirs in the Devonian, and huge continuous carbonate reservoirs in the Lower Carboniferous. Fractures developed on structural points control high-production, and gas is prominently displayed in low structural areas. The dry gas exhibits richness in helium, with decreasing helium content from the basement to the Carboniferous. The pre-Devonian large-scale granite and metamorphite basement serve as the primary helium source, while the high-gamma sandstones of the Devonian and the Carboniferous act as secondary sources. Fractures play a dual role, being filled up and conducting in two ways: gas from the Carboniferous source rocks migrates downward, and helium migrate upward. Thick interbedded gypsum-tight limestone on top of the Lower Carboniferous act as the regional caprock, effectively preserving the helium-rich gas reservoirs.

Thank you!

A lot of it's over my head - but I'm giving it a go

MCNol - plenty of investors have been done over by snake oil salesmen CEO's. I do feel LB and team have been very good in recent months (since I've invested here).

Tobethebest: Not Monday week - August Bank holiday

Thanks HFH.

So HE1 are an early adopter. High risk, but potential high reward.

The signs are pointing in the right direction.

What are these mega sequence events? I'm curious.

Are there many other explorers drilling nearby?

I know Noble are.

Are there many others?

The EWT is the target for most people.

It depends on the result of the EWT, as to whether investors stick around for the next steps.

Not much point watching the micro changes IMO.

If something happens to leak, I'm sure we'll notice. EWT next target. I can't see the team releasing any info before the completion/results.