Member Info for MCNol

You’re right that the historical dilution has been brutal for anyone with an average above 5p. The 'pre-announced' raises were a massive lesson in how not to handle AIM capital markets.

The hope for 2026 isn't just about the 'rocks' anymore; it's that the Colorado revenue finally gives the board the 'business' leverage they never had—allowing them to develop Rukwa without hitting the 'dilution' button again.

The "new reality" for us in 2026 is defined by our transition from a speculative, cash-burning explorer into a revenue-generating producer.

By achieving "first gas" at the Galactica-Pegasus project in Colorado in late December 2025, we have secured a vital foothold in the US market, with first commercial helium sales expected this month (January 2026).

This shift fundamentally changes the investment case; the board can now use incoming monthly cash flow to fund the high-potential Rukwa Project in Tanzania, moving away from the "amateur" era of dilutive, pre-announced equity raises.

With the ITW-1 well currently undergoing advanced pump testing to prove commercial flow rates and a newly awarded Mining Licence providing leverage for non-equity funding, HE1 is finally operating from a position of relative financial strength, aiming to grow shareholder value through production rather than speculation...

@Zebra There is a frustration with past dilution and a "show me the money" attitude toward the board.

The most critical change in our business model is the 50% stake in the Galactica-Pegasus project in the US.

The "Shrewd" Move: By acquiring a near-term production asset, we finally have a way to generate internal cash.

Protecting Value: Instead of coming back to shareholders every time we need to buy a drill bit for Tanzania, we can now use the revenue from Colorado sales to fund the Rukwa operations. This is the definition of "progressing from strength"—it aims to end the cycle of constant capital raises and heavy dilution.

Using the Mining Licence (ML) as Leverage: Now that we have the formal 480$km^2$ Mining Licence (awarded in 2025),we hold a "bankable" asset...

Non-Equity Funding: With a Mining Licence and proven gas flows from the ITW-1 well, we are in a much better position to seek Debt Financing or Pre-payment Off take agreements (where a buyer pays upfront for future gas)...

Farm-outs: There is also the possibility of bringing in a "Major" partner for the Rukwa project. A partner would pay for the expensive infrastructure in exchange for a percentage of the project, which protects the share price from another massive retail raise.

Infrastructure and Rig Ownership: One of the more "business-savvy" moves we made was purchasing our own rig (the Predator 220)...

Cost Savings: In the 2021-2023 era, we were at the mercy of expensive rig contractors and mobilisation delays.

Operational Control: By owning the rig, our "burn rate" in Tanzania is significantly lower than their peers. We can move at our own pace without paying $50,000+ a day for a standby rig, which preserves the company's cash balance.

TISEZA Fiscal Incentives: In late 2025, We were awarded a "Certificate of Incentives" by the Tanzanian government...

Granular Benefit: This grants us relief from import duties and certain taxes on equipment (like the ESP pump). In the world of "shrewd business," navigating local tax law to save millions in CAPEX is a key step in ensuring that more of the project's value stays with the shareholders rather than going to the taxman...

I agree, the market is reticent and is yet to value the assets and potential. That is why I am here and that is why this is such a great share to get in on at this stage. Once the market gets the RNS it wants you will not see this SP again...

May I politely suggest that you make sure you are not overexposed in an AIM share, it is High Risk and High Reward and not for those who do not have the money to lose...

The last official word from the company was that the Electrical Submersible Pump (ESP) was shipped from China in early December and was expected to arrive in Tanzania between mid-to-late December 2025.

The Reality: While the company hasn't released a "it’s in our hands" RNS yet, the timeline suggests it should have cleared customs by now. In Tanzania, customs for mining equipment can take anywhere from a few days to two weeks. Given that the crews were already on-site and the well was pre-prepared in December, the pump is almost certainly at the site or in the final stages of mobilisation...

All signs point to preparatory work being finished and active testing either being in the final setup stage or already live.

Pre-testing complete: The rig crews successfully recovered the old completion string and finished "wireline logging" (mapping the fractures in the rock) in late December.

Civil works: The water disposal pits (necessary because the pump will pull up a lot of water to let the helium flow) were confirmed as finished last month...

The "Silent Phase": Usually, when a company is quiet after finishing prep, it means they are currently running the test. They generally do not RNS while the pump is just being turned on; they wait for a stable set of data....

Flow Test RNS (Imminent): The first update will likely be a "Preliminary Flow Test Result." This will tell us the helium concentration and the flow rate achieved by the pump. This is the big market catalyst...

Competent Person’s Report (CPR) Update (Later): A CPR is an independent audit. You do not need a full CPR before an RNS. The company will announce the flow results first to the market, and then those results will be sent to the independent auditors (like Sproule or ERCE) to update the official "Bookable Reserves" later in the year...

Colorado: The "First Sales" Countdown...

The main story for today is the wait for confirmation that the first truck of helium has left the Galactica-Pegasus site....

The company has explicitly stated they expect first sales in January 2026. Because we are now in the second week of the month, iwe can expect a formal update confirming that the first revenue has been banked any time...

Tanzania: ESP Testing Underway

In the Rukwa Basin, today marks a critical period for the Itumbula West-1 (ITW-1) well...

The Electrical Submersible Pump (ESP) was scheduled to arrive and be installed around late December/early January.

News on the final flow rates from this test is the next major "catalyst" for the Tanzanian project...

Today is a day of "watchful waiting." The hardware is on the ground in both the US and Africa, and the company is essentially on the 1-yard line for its first-ever commercial revenue...

Colorado: The Galactica plant was confirmed as producing refined helium on December 22. We are now roughly 17 days post-commissioning. In typical industrial gas startups, this is the exact timeframe where the first commercial "offtake" (truck loading) occurs...

Tanzania: The ESP (pump) installation at the ITW-1 well is the next major operational milestone. A "double-header" RNS—confirming both US sales and the start of the Tanzanian super-test—remains a distinct possibility for this week...

Have you visited TZ Toffers? It is a beautiful country, lush greenery and stunning Flora and Fauna, the people are very welcoming too...

Dear Blubay, the price dropped to the low thirties a month ago, any initial loss from the CLN was more than recouped by trading and buying at those lows. I see you have not changed your tactics and are still making wild assumptions....

Proof of Revenue: Expecting the first confirmation of physical helium sales from the US...

Operational Momentum: Updates on the ITW-1 ESP installation in Tanzania...

Market Re-rating: Watching for a high-volume break of the 0.50p resistance level as full market liquidity returns...

@CrustyPete that is the new website for Songwe Helium Ltd...

Keep an eye on this...

https://songwe-helium.com/

Current Financial Position..

Based on the most recent filings and market data, HE1 enters 2026 with a robust balance sheet for an AIM-listed junior:

Cash Runway: Following a capital raise in late 2025, the company has funded its immediate operational requirements, including the critical ITW-1 ESP test in Tanzania and the startup costs for the Galactica-Pegasus project in Colorado.

Debt-Free: The company remains debt-free with approximately $53.2 million in total shareholder equity as of the last reporting period.

Assets: Its asset base has grown to over $53.9 million, reflecting the 50% acquisition of the US project and continued development of the Tanzanian licenses

The only correction is our share price is currently .41 on the bid...

Our Net Assets are reported as £39.8M as of June 2025.

The market is currently valuing the entire company for less than the accounting value of its physical assets and licenses, effectively giving zero value to future production profits.

If you look at Price-to-Book (P/B) ratio, HE1 is trading at roughly 0.8x, while its peers in the oil and gas sector average around 1.7x. This suggests that, purely on paper, the stock is trading at a 50% discount to its peer group.

Multiple analysts (including Panmure Liberum) have maintained price targets in the 2.9p to 3.3p range.

With the current share price sitting around 0.36p, these targets suggest a potential upside of 700% to 800%.

We are fundamentally undervalued considering we will successfully transition to a producer in the next 30 days.

Roll on "First gas" that should change things dramatically here not just the perception of the markets currently placing no value on Colorado or Rukwa.

Our 50% Share: (after costs) of annual profit from Galactica is estimated at £5M – £8M GBP.

This week is widely considered the "Launch Week" for Helium One as the London markets return to a full working schedule.

Following the "First Gas" milestone achieved just before Christmas, we should brace for a high-impact news cycle.

1. The "First Sale" Announcement (USA)

The company’s primary focus this week is the transition from commissioning the Galactica plant to commercial delivery.

The News: An RNS confirming the first commercial helium sale to a customer.

Why it matters: This is the moment HE1 officially becomes a revenue-generating producer. It proves that the "short-term off take" strategy is active and that the Pinon Canyon plant is moving product to the US market.

2. ITW-1 ESP Status Update (Tanzania)

The Electrical Submersible Pump (ESP) was expected to arrive in Tanzania in late December.

The News: An update confirming the successful arrival and installation of the pump at the Itumbula West-1 well.

Why it matters: Once the pump is installed, the "super-test" to prove the 5.5% helium flow at industrial rates can begin. Confirmation that the equipment is on-site and the drilling rig is ready would be a major de-risking event.

3. Operational Expansion Plan (Colorado)

With the plant now live, the market is looking for the "Phase 2" roadmap.

The News: Details on the phased ramp-up, specifically the timeline for tying in the Jackson-27 and Jackson-29 wells.

Why it matters: The plant can process 4.2 MMcfd, but initial gas is likely from only 1-2 wells. News of further tie-ins directly signals an increase in monthly cash flow projections.

As we stand on the threshold of 2026, Helium One has finally crossed the most difficult bridge in its history, transforming from a hopeful explorer into a proven producer.

With the Pinon Canyon plant in Colorado now commissioned and humming, the new year brings the long-awaited promise of first commercial revenue in January—a milestone that changes the company’s DNA forever.

Beyond the Rockies, the spirit of discovery continues to burn bright in Tanzania, where the "super-test" at ITW-1 is poised to turn a world-class 5.5% helium find into a global strategic asset.

For every shareholder who has held through the noise, 2026 arrives not with more questions, but with the definitive answers of flowing gas, monthly cash flow, and a clear path to industrial-scale success.

May your 2026 be as light and buoyant as the helium we produce—Happy New Year! 📈🏆🎉🥂

A poem for Pub...

The plant is humming now on western soil, To turn the gas to gold with steady toil. In January’s frost the sales begin, A new era of cash is ushered in.

Across the sea where Tanzan’ suns do shine, The pump is set to prove a world-class mine. Five point five percent flows through the deep, A promise that the board is bound to keep.

The chart is breaking high on volume’s surge, As hope and real production now converge.

January 2026 is expected to be a high-frequency news period for Helium One as the company capitalises on the momentum of "First Gas" achieved in Colorado on December 22, 2025.

Here are the key news items anticipated for January:

First Commercial Helium Sales (USA): Following the commissioning of the Pinon Canyon plant, HE1 has confirmed that first sales are scheduled to begin in January 2026. An RNS is expected to confirm the first physical truckload or volume sold under initial short-term off-take agreements...

ITW-1 ESP Test Progress (Tanzania): With the Electrical Submersible Pump (ESP) arriving at the Southern Rukwa site in early January, the market is awaiting news on its successful installation. A positive update would indicate that the "super-test" of the 5.5% helium discovery is officially underway...

Operational Update on Output Expansion: Following the "First Gas" milestone, the company plans to provide details on the phased ramp-up in Colorado, including the timeline for tying in additional wells (such as Jackson-27 and 29) to move toward full plant capacity...

Regulatory Framework Milestones (Tanzania): Investors are watching for the formal signing of the Regulatory Framework Agreements with the Tanzanian government. This ceremony would officially de-risk the 17% government free-carry arrangement and the long-term production structure for the Southern Rukwa project...

Commercial Committee Update: An update on the ongoing negotiations by the Blue Star/HE1 commercial committee regarding the transition from short-term spot sales to long-term partnership agreements with US-based end-users (e.g the medical or semiconductor industries often signposted here by Toffers)...

Happy New Year 📈🥂

The market is always slow in the last trading week.

The minute we have the cashflow RNS from Galactica we will "Gap up". We have already moved 30% in a week over Xmas on "First Gas".

I hope that people realise the opportunity here at bargain basement prices and make a nice profit in 2026...