Member Info for MCNol

I did tell the BB that LB said the RFA was ‘imminent’ and would come before the CPr which was ‘in progress’. Shame some impatient investors fail to pay attention.

‘ Governing Documents

The negotiation of all relevant agreements has been concluded and these comprise a Regulatory Framework Agreement, a Shareholders' Agreement, the Memorandum and Articles of Association of Songwe and a jointly agreed economic model.

The Company is currently waiting for final approvals and the names of the Government-nominated directors of Songwe and upon notification, the executable versions of all documents will be prepared, and it is expected that a formal signing ceremony will then occur.

The Company is in the process of determining the next steps in the development programme and will announce these as well as the date of the signing ceremony as soon as possible. ‘

As per LB conversation with me a couple of weeks ago

Joint Venture Company

The establishment of a joint venture company is also currently being concluded. The joint venture company is to be named Songwe Helium Ltd ("Songwe") and 83% of the issued share capital will be owned by the Helium One (through a subsidiary undertaking) and 17% by the Government of Tanzania.

The board of Songwe will consist of five members, three of which will be appointed by the Company and two by the Government.

Highlights

· Negotiation of Regulatory Framework Agreements being finalised

· Government free carried interest agreed at 17%

· Joint Venture company to be incorporated as Songwe Helium Ltd

· Execution of all documents and formal award of Mining Licence ("ML") to be completed shortly

Https://www.londonstockexchange.com/news-article/HE1/update-on-southern-rukwa-mining-licence/17079544

Jumped ship too soon hey Blubay!

I did mention it recently, opinions as facts and subtle de-ramps.

Https://www.ainvest.com/news/helium-galactica-pegasus-gas-play-legs-term-catalysts-co2-synergies-drive-upside-2506/

Took their sweet time.

Morning Pub, it is just a mention in their 'Morning Energiser' not a research note. The last research note was the one I posted on 21/03/2025.

Https://www.bluestarhelium.com/wp-content/uploads/2025/06/61267918.pdf

Highlights

Successful completion of the 2025 Galactica development drilling programme; significantly advancing the Galactica-Pegasus helium and CO2 project

Consistent positive results across all six wells in the programme confirms the production potential and near-term monetisation opportunity

Well results support finalising the development plan and fast-tracking to commercial production

Next steps include advancing the Galactica wells to initial production in Q4 2025, utilising the planned processing facility

State-9 flowed naturally during drilling and at Total Depth ("TD")

Flow rate at State-9 since TD has increased to over 360 thousand cubic feet per day ("Mcfd")

Projected Stabilised Flow Rates are 400 Mcfd to 500 Mcfd constrained to optimise production, with a maximum potential rate of 600 Mcfd

Early samples return helium concentration of up to 1.52% (air-corrected) and 80.48% CO2

Lorna Blaisse, Chief Executive Officer, commented:

"This has been a successful development campaign, with consistently good flow rates and helium concentrations within the expected ranges. We appreciate the efforts of Blue Star in driving this operation, and very much look forward to the next steps in bringing these wells online and targeting first production and cash flow in Q4 this year.

We have a clear development plan in place for the construction of the processing facility, the tying in of the wells and the subsequent testing and commissioning to take us through to first production and are excited about the wider field development potential across the Galactica-Pegasus resource."

Agreed Wimbledon. Nothing but good news in both RNS this morning.

The reason the gamblers showed up in force is it does not fit their agenda or current bet and they do not have the funds to invest here.

Green eyed monsters 🧌

I see the same old Broker Trolls with their disparaging one liners have woken up. Can only mean one thing 📈 is expected by them…

Https://stockhead.com.au/energy/blue-star-helium-flows-gas-from-sixth-well-begins-transition-to-commercial-helium-production/

It can only be a good thing, and something few AIM explorers get to do. Good times ahead for loyal and patient investors.

I have been suggesting that for a couple of months Gogs, it would open up opportunities for Institutional investment.

Great news we have an EBT, that shows those of us with experience that things are moving forward, people are being employed and we want to attract people with the right skills.

They are like buses today

https://www.londonstockexchange.com/news-article/HE1/introduction-of-employee-benefit-trust-scheme/17077349

Https://www.londonstockexchange.com/news-article/HE1/galactica-project-update/17077348

Https://theheartysoul.com/clean-hydrogen-discovery/

published yesterday this article gives a view on Green Helium and Gold Hydrogen which HE1 have found.

Rukwa mentioned; 'discoveries in places like the Rukwa Basin in Tanzania, where wells have revealed high concentrations of helium with minimal hydrocarbon contamination.'