Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Helium. 5.6 Billion GBP market.
Hydrogen 106 Billion GBP market
He1 - Lorna “Unique opportunity of transformational wealth for investors.”
Hydrogen He1 2.2% concentration 37k above background.
Professor Chris Ballentine (Department of Earth Sciences, University of Oxford), co-author for the study, notes: "The amount of hydrogen generated by the continental crust over the last 1 billion years could power society’s energy needs for over 100,000 years."
"Much of this hydrogen has escaped, been chemically reacted or used up by subsurface microbes – but we know from studying the gas in deep locations in the subsurface around the world that some of this hydrogen is indeed stored underground in significant quantities," adds Co-author and Professor Barbara Sherwood Lollar (Department of Earth Sciences, University of Toronto).
Hydrogen $135 bn market £106 Billion
The model also suggests regions where large amounts of hydrogen gas may accumulate underground, since the radioactivity that generates helium also splits water to form hydrogen. With a global market of $135 billion, hydrogen is used to create fertilizer and to produce many compounds essential for the food, petrochemical, and pharmaceutical industries. Virtually all hydrogen gas is currently produced from coal and natural gas (methane), and this alone accounts for 2.3% of global CO2 emissions. Hydrogen-rich underground deposits could provide an alternative carbon-free source.
Itumbala He1 unique green discovery.
In addition, almost all helium today is a by-product of methane or carbon dioxide natural gas production. This carries a significant carbon footprint and hinders ambitions to achieve net-zero carbon emissions by 2050. Together, these reasons mean that identifying alternative, carbon-free sources of natural helium has become critically important.
£5.3bn market
When the researchers applied the model to an example system (Williston Basin, North America) using expected nitrogen concentration values, the model predicted the observed nitrogen/helium proportions in real life. The model could help identify areas likely to contain similar helium-rich deposits. Helium is a $6 billion (£5.3 billion) market, with the gas being essential for the operation of MRI scanners, computer chips and fiber optic manufacture, and state of the art nuclear and cryogenic applications. A current global shortage has pushed supplies almost to a crisis point, with prices skyrocketing in recent years. The situation has been escalated by the Ukraine war, since this ruled out helium being supplied from the new Russian Amur plant, planned to supply 35% of the global helium demand.
Such a process can take hundreds of millions of years, but when it happens, the associated helium escapes from the water into the gas bubbles. These bubbles rise, because of buoyancy, towards the surface until they hit a rock type that doesn’t allow the bubbles through. According to the model, the helium-rich gas bubbles then collect beneath the seal and form a substantial gas field. The nitrogen and helium-rich gases contain no methane or carbon dioxide, so tapping them does not release carbon emissions.
Where rare helium-rich underground gas fields have been found, they always occur alongside high concentrations of nitrogen gas. Until now, there has been no explanation for this. For the first time, this new study, which also involved the University of Toronto and Durham University, provides an answer. The research team built a model to account for these helium-rich deposits by (for the first time) factoring in the presence of nitrogen, which is also released from the deep crust along with helium. The authors identified the geological conditions where the concentration of nitrogen becomes high enough to create gas bubbles in the rock pore space
https://www.cryogenicsociety.org/index.php?option=com_dailyplanetblog&view=entry&category=industry-news&id=172:new-study-could-help-pinpoint-hidden-helium-gas-fields
Thanks to Zico on the other forum for the link.
Great posts today guys. Credit.
Great research Roger. Save that info it is very handy.
Walter Joe Mitty won’t like the facts.
Yes I noted those tests were already independently assessed.
This is very juicy. Transformational wealth opportunity for investors as Lorna states.
Massive endorsement t.
Note that interview from 9 mins she lets slip partner talks are already in progress. “If they decide to go ahead”
Due to the value of the critically low world helium reserves Nobles efforts are justified as their helium levels are very high.
This underlines the unique opportunity He1 finds it has. Pure helium and hydrogen gas flowing to surface in even higher concentrate 4.7% He 2.2% H. 9k and 37k times above background.
Walter Joe Mitty.
Noble are at shallow depth. he1 deep in the basement.
Nobke no flow to surface. He1 helium and hydrogen flowed to surface in extremely high concentrations
Noble have different conditions to contemplate getting to the helium than He1.
He1 seem to have a direct link to the source of the helium producing province whereas Noble are at the periphery
He’s basing his guess work on assumptions implied from a random report comparing a none flowing well from Noble to a flowing well with He1.
Stimulations in oil and gas are used to free up tight zones in order to create flow.
He1 have stated their flow is thought to have come due to pressure and heat reduction from liquid deep in the basement which allowed gas to flow to surface.
Imagine an LPG cylinder, open the tap, gas is produced from the liquid as the pressure reduces.
Crusty who wrote the report/Article?
They can imply anything they like to suit their own mind …. You believe what you like pal absolutely anything :))) lol
Helium One Global Ltd Itumbula West-1 well flows helium(4.7%) to surface
Source: RNS Regulatory News
RNS Number : 9445B
Helium One Global Ltd
05 February 2024
Lorna Blaisse, Chief Executive Officer, commented:
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.
Errr yes I’ve read it. Name dropping He1 for a cherry picking comparison. Feeble
Nobke may flow to surface if ….
HE1 did flow to surface - fact !
Weep Walter weep.
Helium One Global Ltd Itumbula West-1 well flows helium(4.7%) to surface
Source: RNS Regulatory News
RNS Number : 9445B
Helium One Global Ltd
05 February 2024
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
Crusty I think you have taken a leap in the wrong direction stating it implies he1 did require stimulation.
Noble have not had gas to surface they have aqueous solution which is helium rich.
He1 have pure gas which came to surface
Wow HE1 Rukwa basin rivalling the helium giants of the world.
The world is running out of helium ….. critical levels.
Exactly Basil. Due to the value and scarcity of Helium, Nobles discovery is still considered viable and a target to extract for the rich helium even tho it is aquified.
He1 higher concentrations but pure gas play.
Noble say they could have a resource 6x bigger. and at just 0.2bcf pa looking at 138m rev pa.
He1 I speculate is off the clock numbers. Pure gas to surface