Member Info for MCNol

Pull the other one it has bells on.

I think you need to read the AI response and fact check it before you post it Triplestar, otherwise you look a bit silly. ATB

Erm awks or what?

Helium One Global (HLOGF) officially delisted from the OTCQB Venture Market in the United States on Tuesday, 30 September 2025.

@Northfork (soz)

@Northfolk, any chance you need a refreshing midday shower today? :)

I have only ever been pro HE1. You are doing the show and tell for all to see...

Ok ,well you have shown your cards there @CrustyPete

Thats pretty poor @CrustyPete, disagree all you like but lets not stoop to being a Troll...

@CrustyPete we already have sufficient data to drive a strategic farm-out which is grounded in the quantitative outperformance of the Itumbula West-1 (ITW-1) results relative to independent baseline requirements.

While a subsequent appraisal well could theoretically optimise the Gas-to-Water Ratio (GWR), the current data has already achieved technical de-risking by exceeding the CPR P90 GWR baseline by 50% and sustaining helium grades nearly double initial estimates.

Critically, the rapid re-pressurisation observed during ESP testing provided the "Proof of Concept" for reservoir connectivity that Tier-1 partners require to model a development case.

When this technical success is viewed alongside the Financial Shield provided by revenue-generating US production and the current global supply vacuum caused by the Qatari force majeure, it becomes clear we are negotiating from a position of data-backed sovereignty.

The current data package serves as the catalyst for a "Free Carry" deal precisely because it has proven the project's floor value, allowing the company to attract funding for subsequent appraisal drilling without the need for further dilutive capital.

Following the 05 March 2026 update, we know that the Pinon Canyon Plant in Colorado has begun integrated operations and is actively filling tube trailers with refined helium.

In industrial gas operations, the transition from "filling trailers" to "first commercial sale" typically occurs within a 5–7 business day window. We are currently entering that window.

An RNS confirming first revenue would be a definitive "Proof of Concept" for the company's US diversification strategy, shifting us from a pure explorer to a revenue-generating producer.

It has been roughly three weeks since the formal launch of the Southern Rukwa Farm-out process (announced 16 February 2026).

In a competitive VDR (Virtual Data Room) environment, the first 14–21 days are usually dedicated to data review. We are now entering the phase where "Expressions of Interest" are converted into a formal shortlist.

While the company is not required to disclose a shortlist, they often provide a "Process Update" to maintain competitive tension, especially when the share price is undergoing a sector-driven mean reversion (like yesterday's 4.86% dip).

The Qatari catalyst event has significantly increased the value of "Ready-to-Sell" helium. Management may feel compelled to update the market on how this supply vacuum is impacting their spot-market pricing in Colorado, which serves as a near-term valuation driver.

Lots to look forward to...

Kread is just Blubays alter ego, it allows her to talk to herself as no-one else pays any attention to what she says. I would just filter Kread rather than responding as that is counter productive. It would be great if people stopped using their negative threads to respond as well (assuming they feel the need to communicate with it at all).

Should be interesting if you turn up at another AGM @CrustyPete...

@CrustyPete your focus on "pro-rata contributions" ignores the Commerciality Gate and Strategic Leverage inherent in Tier-1 assets. Historical Tanzanian precedents, such as the Aminex/ARA (2020) deal, demonstrate that farm-outs for high-value projects typically secure a full financial carry to First Gas. This ensures the junior is revenue-generating before any joint-venture costs hit the balance sheet....

The BoD is legally required to use conservative, technical language in an RNS. They cannot say, "We are opening a VDR to spark a bidding war between Air Products and CenerTech because Qatar just cut off 30% of the world's supply." They must frame it as a "strategic process to increase understanding."

You don't open a formal VDR, which involves non-disclosure agreements, sensitive subsurface data, and legal teams just to "understand a fault play." You open a VDR to facilitate a transaction....

The reason the BoD mentioned the "Basement fault and fracture play" in that exact quote is because that is where the 9.2% peak was sourced...

The "further work programme" isn't a speculative punt; it is a Direct Extraction Strategy. They have proven the helium is there at 9.2% at depth; the partner is being brought in to fund the completion of wells that isolate that basement gas from the shallower Karoo water (which diluted the surface concentration to 5.5%)...

In the energy sector, an industry partner is not a research fellow; they are a CAPEX Provider. By seeking a "Partner," they are trading project equity for a Full Financial Carry. This is the Aminex/ARA (2020) blueprint: The junior provides the high-grade asset (9.2% potential), and the major provides the £100M+ to pump it, ship it and sell it...

Blubay's claim that 9.2% helium is "misleading" because it hasn't reached "Proven Reserve" status ignores how Industrial Gas Majors operate. In a global market facing a 30% supply vacuum, a 9.2% concentration isn't a "lurking contingency"—it is a Strategic Tier-1 Asset. Industry giants do not wait for the final "P" in SPE-PRMS to act; they buy the Delta between appraisal and production. To suggest a partner is "taking a punt" ignores the 2026 ESP pump data, which confirmed sustained flow rates that already exceed the commercial threshold for modular liquefaction...

Blubay's pivot to a 5.5% "liberated" average as the "true" figure is a pedantic distraction. Even at 5.5%, HE1’s resource is 18x richer than the 0.3% concentrations currently being extracted in the United States. Whether the feedstock is 9.2% or 5.5%, the OPEX-to-Revenue ratio remains world-class. Dismissing the 9.2% peak is like dismissing a gold find because the average grade of the entire mountain is lower; the "sweet spots" are exactly what a partner like CenerTech or Air Products designs a plant to capture...

The suggestion of a "moderate capital raise with least equity release" is an outdated, "junior-explorer" mindset. HE1 has moved beyond "moderate" needs. The Virtual Data Room (VDR) is not for a "phased punt"; it is for a development carry. Partners in 2026 are looking for Energy Security, not "options for the future." The project isn't "long-term" in the sense of a decade; with modular processing technology, the path from Appraisal to Trucking is now measured in months, not years...

HE1 represents the first major "Primary Helium" farm-out process in the country's history. Unlike the methane-led Ruvuma deal, HE1's 9.2% helium concentration is attracting a different class of partner—industrial gas majors like Air Products or CenerTech (CNOOC)...

Whilst I think a Free Carry Farm-Out is the most likely outcome (65%).

I have considered a Buyout (25%). Majors often wait for the farm-out data before launching a bid. With a sub-£100M market cap and a world-class asset, HE1 is a "snack-sized" target for a Tier-1 industrial gas firm like Linde...I think a merger is the leat likely as it is less attractive than a cash rich partner...

1. CenerTech (CNOOC). 85%

2. Air Products/Linde 70%

3. ARA Petroleum 55%

Merger possibilities, rather than Farm Out

1. Noble 40%

2. BNL 35%

Toffers, The figures for Nordea, Janus Henderson, and Marlborough represent the specific holding within a singular fund portfolio. For example, the 5.96% for Nordea refers to the weighting HE1 holds within that specific sub-fund, while the 974,093 shares are the actual physical holdings....you weren't completely off the mark, they do hold those shares and they are not all nominee holders.

I did point out these "whales" accumulating a couple of weeks ago and got abused for it....no helping some people :)

Probability of a 5% Move (Next 30 Minutes): 72%

A 5% move from here targets 0.774p. The concentration of offers at 0.77p makes this the most likely "magnet" for the uncrossing price.