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Helium One Global Ltd
Submittal of Drilling ESIA at Rukwa Project
Helium One (AIM:HE1) ("Helium One" or "the Company"), is pleased to announce the advancement of its aggressive exploration programme at the Company's Rukwa Project in southern Tanzania with submission of key environmental studies.
Highlights:
· Completion of Environmental and Social Impact Assessment (ESIA) and Compensation Survey, including consultation with communities in nine villages closest to the drill locations.
· Submission of key Environmental Impact Assessment for the Company's proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government.
· The study, which covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015), is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One's maiden exploration drilling in Q2 2021.
David Minchin, Chief Executive Officer, commented:
"The Company is very pleased to be able to press ahead with its planned field activities in Tanzania, taking important steps towards our planned drilling programme in Q2 2021. Drill planning is progressing on schedule with rig-selection and contract negotiation well advanced. Submittal of the ESIA for drilling at the Rukwa Project is a significant milestone and the culmination of several months of fieldwork, baseline mapping and community consultation."
I doubt it, earliest I would be looking at is end of this week imo
My target is 10p.
Just want the drill to happen this Q1 and not Q2, as momentum is good at the moment and if it's Q1, i can see us early surpassing my target mentioned come spud.
I have a good average, so happy to see how things progress.
It's been released:
https://www.londonstockexchange.com/news-article/BLOE/result-of-gm-issue-of-equity/14809541
It's only Tuesday, give them until end of the week.
Exactly Robbla, they will inform the market if anything changes, which hasn't in their eyes.
All on track to spud next month, unless we are told officially via RNS.
ZagEgypt - few days here or there, does not make a difference to me.
I expect us to be drilling before XMAS and my personal target is 5-6 come spud, I'll be happy with that.
Smalltrader - I will happily take 5-6p tbh.
Like Lallee, my birthday is also in December, so hopefully will be gifted a nice present from BPC come spud.
Jacktrade - I expect it to be higher tbh but just going with lower personal targets that forces me to sell when in good profit.
Seeing my paper profit just disappear is gut wrenching (talking from past experiences), so i just want to learn to take a profit.
Hope peeps brought when this was below 2.5 :-)
Mark - Quite possible and great opportunity to add imo.
We only have 6 weeks window left for Stens to confirm when they'll still either end of this year or Feb next year.
I expect accumulation around these levels, as downside is limited imo.
Just need Stena to confirm and we can get out of this range, longer it takes for Stena to confirm the higher probability it'll be next year.
I think I'll give them until mid October, if no news then most likely next year. If we get the news, say next week I expect 7p plus come spud.
Good opportunity to buy for those whom are still thinking of adding a position here.
Would be good to see couple more days of blues and then RNS Monday :-)