focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Our success has predictably attracted Trolls
Watch the Video on Proactive... World Class Find... Looking
for fastest way to commercialise ...Further news any day!
Stop losses are getting wacked...... I know they can be useful
but this will bounce as the drop will be bought into
and many are going to be robbed !! GLA!
Fruits
Those who attended the AGM reported that Ward could not answer basic questions
that PI's asked, and that caused a certain amount of frustration... A few months
latrer he is out!! I do hope all who continually attack my posts will be big enough
to apologise if funding is required in H1 as I expect!!!
@Doc83
What would shareholders do if SNG said they did not have enough to complete
the planned trials? They lost £5.3 Million in 6 months last year.... Also John Ward
went with no explanation..... Did they find they had a shortfall that he had failed
to see? I just feel a curved ball on the horizon.. Let's see what the next financials
look like !!
I think SNG get through £6M ish a year.... So if we slip 6 months
that costs £3 Million When you look at our cash and plans to Trial
in the US.. I wonder if we are a bit stretched... Also I think our stocks
may be too close to the end of their shelf life for our last chance trial
so there coud be unexpected expenses... IMHO!
Yes this is the stand out line in the RNS......We are commercial!
IMHO... We will not open anywhere near the true value, MM's will
let it find its own level.... This is worth 30's on that RNS...
I expect there will be a "flow" of news now as they will be
inundated with offers to JV/MOU ...This is just the start!!!!
Itumbula West-1 well flows helium (4.7%) to surface
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to provide the following update on the completion of the Itumbula West-1 well which saw helium flow to surface.
Highlights
· Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations
· The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium
· A measured helium concentration of 4.7% equates to almost nine thousand times above background levels
· Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels
· Wireline logs, including image logs, demonstrated the location of fault and fracture zones and these were used to locate optimal well test intervals
· Downhole fluid samples have been obtained from three separate well test intervals, in the Basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature ("PVT") laboratory and indicated the presence of elevated helium
· Duplicate samples collected from all three well test intervals will be sent to a second laboratory for analysis
· Hot Basement fluids, measuring >80°C, encountered across the fault zone and in the Basement and are consistent with helium and hydrogen prone intervals
· Elevated temperatures consistent with a low enthalpy geothermal system
· The well is now being cased and suspended and the Company will fully evaluate the well results and focus on advancing this project in the most effective way possible
· Non-productive time ("NPT") for the Epiroc Predator 220 drilling rig reduced by over 350% between Tai-3 and Itumbula West-1
· Zero Lost Time Injuries ("LTI") across the two well drilling programme of Tai-3 and Itumbula West-1
Lorna Blaisse, Chief Executive Officer, commented:
"We are delighted with the findings from Itumbula West-1 and the results from the down hole well testing have clearly confirmed the presence of a producing helium province in the Rukwa Rift Basin. The learnings from the Tai-3 well provided invaluable additional subsurface information and how the helium system works. By applying these findings, we adjusted our well location at Itumbula, and this has certainly yielded the results we were hoping for and justified that decision.
Flowing helium to surface in such high concentrations is a huge milestone for the Company and we will now fully evaluate these results and focus on advancing this project in the most effective way possible; one that will aim to achieve commerciality at the earliest opportunity.
This drilling campaign has been a huge success for both the Company and for Tanzania. I would like to thank all of those involved in bringi
I have filtered Neil, I suggest everyone does the same. This board
has been great over the weekend, with some useful posts/links..
Thanks to all who shared their research! But the cross rampers
and trolls will be back tomorrow, filter them IMHO! GLA!
@MediMan
I would agree that there will still be money to be made buying in after news,
but I think your figures are well out.... This is a rare commodity in a market
that is rising significantly... Good luck getting a buy quote at 70% up on Friday's
close...No Chance!! IMHO! We should get a rerate, as this will be a very different
enterprise to the one that traded last week!