Member Info for MasksNewNorm

Agreed on both counts.

Yes well spotted Bo may well have another play. In his sights that he has kept in his back pocket having been on the ground over 30 years in the business.

Which is the cherry on top as zones 1 & 2 are likely already commercial He levels going by Bo’s reaction comments.

That’s 715 miles per truck

Yes, ref He1 the driving distance between Dar es Salaam to Rukwa is 1144 km. It takes approximately 18h 31m to drive from Dar es Salaam to Rukwa.

These are the dirt pathroads once you get from the very mountainous drill location

https://youtu.be/JcuUPh2jIbY?feature=shared

So for he1 they’ll need to build HGV capable access roads if gas volume and resource size is viable.

Is the nearest road 4 hours away capable of accepting HGVs and what distance would they need to travel to get to a suitable shipping port?

Wow I can see why Bo looks over the moon stating in all his years he’s never seen such high helium shows. He’s been in the game over 30 years.

This could blow He1 out the water with upside.

Yep helium grades 0.5% considered Highly commercial here.

Easy to get the helium to market here surrounded with infrastructure. Very streamlined.

Highly commercial He concentrations.

Highly efficient operations = low opex and capex

Helium grade above 0.5% He is considered highly commercial by management

Hex moves straight to EWT here prior to moving to the next drilling site also.

No sitting around for many months or was it years as we did with he1

“Incredibly high Helium shows the highest I've ever seen in my entire career . I’ve always suspected that there is helium here and the mud shows we are indeed in a high helium reservoir”

https://youtu.be/7riwKLUq8so?si=pE_utX4Ozo1aW8DC

Ah and not forgetting we already have strong He shows. CEO Bo says the highest he’s ever seen in his over 30 years career in the business. He always suspected the area had high helium concentrations and the drilling muds have proven it.

All in his latest interview

Yep good luck to he1 but it is critical that they can get sustained high pressurised gas to surface. Their the cut off has to be very high in order to make the project viable, it is a big ask and critical with the location of ops being so remote

Hex ops has very easy access with no power delivery issues, transport or access complications and the ground is proven to be a producer. All major pluses which equate to very efficient operations ie you get a lot more done for a fraction of the cost and carried out a hell of a lot quicker . The comparison and contrast to he1. is real and very valid.

Yep being surrounded by infrastructure in a proven production area makes this far more attractive to me than He1 which is remote and will take hundreds of millions to get to market and that’s providing the flow numbers make sense. They require high flows and high concentrations to make it viable and in all seems a very expensive experiment as we know at depth it isn’t pressurised by hydrocarbons but water.

You know these aren’t conventional gas traps such as natural gas traps?

The He traveled in deep aquifers ie water.

It’s sad to see so much jealously even before the real sp movement.

Keep your own house in order don’t worry about cautioning people you don’t know or ever met. Games Stink.

This is the stock market for adults.. DYOR

Everyone is entitled to be glass half full. At least you see potential here. Some see more some see less.

Stay flexible and make adjustments pending new information from the company.

It’s all about being able to get the gas to market. Hex is surrounded by infrastructure roadways power supplies the lot.

He1 is stranded hundreds of miles in the middle of nowhere boxed in mountainous terrain

Capex for he1 will be hundreds of million. Its already cost shareholders £50m+ to get to where they are for EWT and taken years

Hex will wireline and start EWT during this current drilling period then move to the next well with the same ease of operations.

Another hot factor is carrier gases, Hex helium is carried by high pressure nitrogen. He1 helium is contained in aquifers ie water.

Adjacent to major structure: Located on the upthrown side of the deep-seated Sumatra Thrust, which acts as a conduit for helium migration.

Charles Formation

Froze #24-8 and Treasure #18-1 both tested non-flammable gas at a low flow rate from a total column of 145-175ft

80.4% Nitrogen – not assayed for Helium

Flathead Formation

Main regional reservoir hosting primary heliumproduction

Treasure #18-1 logged 10-26ft of gas in the Flathead sandstone but did not conduct a flow test over the interval

Pre-Cambrian

Fractured basement play directly above thrust

fault – never been drilled

Proven Gas

Identified Helium Anomaly

Nitrogen wells in Montana that have been tested have typically been found to contain helium

Gas-in-soil analysis over the Ingomar Dome identified a high-helium anomaly close to the Hillison-1 wellhead

Anonymously high helium concentrations in the soil around the Hillison wellbore provided evidence that there could be helium in the reservoirs in the subsurface

Ryder Scott analysed helium concentrations from analogous wells across Montana, Wyoming and Saskatchewan and probabilistically modelled grade as:

P10 = 0.88%

P50 = 1.52%

P90 = 2.20%

Helium grade above 0.5% He is considered highly commercial by management

https://www.helixexploration.com/project/ingomar/