A gas trap. The gas in this case is helium hydrogen and nitrogen.
Up to 100x premium to natural gas.
I did suggest yesterday was capitulation/bear raid behaviour.
Yana crying in his soup 4-1 stomping his feet.
Also Nobkes helium is heavily contaminated which CO2 and methane and it’s still worth a fortune.
He1 no CO2 or Methane which is truly the motherlode.
I know our cap is tiny which equates to mega multi bag territory. What’s our exact cap currently guys. I just know we are super cheap below basement level.
Defo a mega multi bag potential now derisked. They found what they suspected was there in abundance and hold massive acreage sought when it was completely off the big boy radar.
Are pulsar listing on AIM?
Massive statement.
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.
Yes Noble pacing the way for He1 to steal the show/run the show.
Ours should be easier to process as unlike Noble ours is not contaminated with CO2 or Methane.
Pure helium, hydrogen and nitrogen with trace argon here
Picking the best partner and let them cough up the support for our efforts.
Strong position imo
Breakout gaps are not always closed. The gaps are usually tested to confirm the breakout which has happened here twice successfully confirming the breakout. Such cases confirm bullish sentiment and growth.
Gaps above are bullish targets one of which we closed one between 2.38-2.7. The next targets are 4.48-5-6p with lots of news in the pipeline.
Rukwa hosts independently verified (SRK-2020) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138Bcf, making this the largest known primary helium resource in the world.
And HE1 has it flowing to surface on their exploration well. Un stimulated and high concentrations.
Further data on traps being worked on plus independent analysis of samples.
Next operational move tba and funding in the coffers ready to advance.
Lots of news due
Like what you did there. Nothing worse than wingeing bears.
Copl how many failed wells they had. I lost on that also most people did. Made some up recently but it’s a dead dog now £138m debt
He1 is a different beast. Second drill hit the motherlode. First drill wasn’t deep enough but still had promising signals. They have deepening this first well pencilled in. Data from that well helped them find success in the next well so depending on new data we wait to see the next operational move.
Helium flowing to surface unstimulated flow in high concentrations in an area they expect holds 138bcf.
Tiny cap and fully funded to advance towards de-risking further and bring to production fast tracked.
Bears flapping. Unresearched bears of course.
Some panicking bears on here this morning.
Bless you have to giggle