Member Info for MR.Spacetomato

Precisely, Dai; that's the usual story, to try to recover the drill for a while whilst the drilling has stopped. Here, the priority is to get to the 1200 payload and move on as fast and economically as possible. They want results and to de-risk the Rukwa project and start earning revenue.
This drill bit issue must have happened post "mud video", so it shows that we are not wasting a second and the fact that the CEO in is situ helps with key decision making. David must be really annoyed but he doesn't strike me as a person to waste time and will want the job done fast so he can deliver the news to us. As some have mentioned here, it is rare to see a CEO getting his hands dirty and who is willing to swap a 5 start hotel for a campsite bed and some smelly portacabine.

Carry one Mr. Minchin..we are counting on you!

"Given all the positive news feed we have all been receiving in the past few weeks, I was expecting for a super duper successful drill but this isn’t it".

Hi, BP. Yes, sure.it can be frustrating, but I ask you this.. anyone who has ever had to do some tough drilling, at home for instance, where the drill bit broke a few time will understand that this happens and it doesn't matter how excited I was about the work the frustration got to me when the drill bit broke! It happens and we just need to get on with it. I know you are aware of it and I am not telling you anything new.

We just got to be patient. I am sure we will get some tweets from the boss sown south to keep us informed in the time being.

ATB

ST

Sorry, BM, if I gave such a bad impression of myself. Sure you can fire valid questions here. Sure we the drill has to gather information and they have. We confirmed:

- the rock formation
- the clay seal (which a thin and poor) is doing a good job retaining gas at increased levels
- we now get clear indication in the mud above of helium bubbling in the mud
- we are wasting no time, after a few attempts, to retrieve the drill bit and decided to side track at 483m
- we are continuing the drilling from 483 meters at a careful rate

The wireline logging would be at a depth of 483 is would not be at the depth they had reached over 580m. It takes time to wireline it and our priority is to wireline at 1200 where the payload is and where the money is. As the CEO said we can wireline at different levels once drill is done.

Patience and all the best.

BM, to wireline at 483 would cause more delays to a drill job that has already been delayed due to the broken drill bit over 500m. I prefer we do the wirelog at 1200 and we are done with the drilling at this Tai hole. We have a gas show and that is what they are telling us here and the fact the the hole has been sidetracked at 483 meters. Crack on I say.

Sidetrack, Phantom25, here, means that they have retrieved the part of the drill system to connect another drill bit at 483 meters and re-inserted the new drill bit and at 483 meters they deviated the drill bit to sidetrack another hole and cracked on drilling. It happens and it is unfortunate but they are back drilling and we wait a little longer.

What is positive here is this: "The Red Sandstone Group sits above our primary targets and was previously considered to be of low prospectivity due to a lack of effective sealing units. The gas show occurred beneath a thin claystone unit and demonstrates a working helium system, whereby gas shows may also be identified beneath even marginal sealing units

The gas show is supported visually by indications of increased levels of gas entrained as bubbles in return mud at surface. This offers circumstantial evidence of free gas in the subsurface, however we have no direct evidence and the bubbles may have entered the return drilling mud from other sources. Free gas containing helium will need to be confirmed by direct measurement via wireline logging and testing before a discovery can be confirmed".

We have "increased gas show" with it bubbling in the mud above, and we need the logging to give us the rate to make it into a discovery, but what we really need is to have this system logged at 1200!! A little more waiting but with confidence I remain and happy the thing is bubbling at the surface now.

ATB

Sinequanon, thank you. And guess what? I was just watching a programme on French TV just now on Moldova. People seemed really nice and still not "destroyed" by modernity and high street chains. You just helped to sell it to me..added to my gastronomic tour of Europe. :0)

Thanks, Trek, ref the Bulls Blood wine. There is full body red wine (a little sweet getting close to a Porto ) from down south Brazil with the same name (Sangue de Boy). I hear some Romanian "deep south" wines are almost similar and the root go back to Roman times. I was in Germany in 2019, around the Romantic route and I discovered some beautiful white wine in this medieval village (Beilstein, near Cochem) it is worth a few trips. I am planning a gastronomic tour of France, Germany and Italy in the years to come (yes, there will be a lot of eating and drinking) and was thinking of including Hungary and Romania as "exotic" locations to my route. I will see if I can "smuggle" some of their bottles in due time. :0)

Trek, where do you get that Bulls Blood? ;0)

Yes, good memory. It was my grandfather and when I saw the HE1 machine clearing the site it was the exact one. Brought memories back.

I don't know if you know the Côte-d'Or and the Route des Grands Crus - Burgundy - I would advice you to take your car and go there. The Cave Gevrey-Chambertin is one of the famous Houses and many famous people went the and tasted the wine before they bough a bottle or two. I remember seeing Sean Connery photo with the owner on pinned on the wall. For anyone who loves cyclin of running you will have plenty of ways to do that safely there.

If I told you that I still remember what it tastes like, would you believe me?

Bunsa, born in the very south of Brazil; Now lived half of my life there and half in England and am married to a French lady I met at Uni here. Why?

Wow, Bunsa. I just checked the price here and they will stick the knife in you for a 2018. I had mine quite a while ago but I got it straight from the Cave in Côte-d'Or as my Mrs and I were driving past (had a tour of the Cave - long underground tunnels with a cerimonial room and all) and they did a little 6 bottle wine tasting for us (and I still had just over an hour to get to my destination..lovely drive too. There I still remember I paid 28 Euros for the bottle at the time.

Ha ha ha!! Typical. Those guys are very protective of their vine. You were lucky he didn't spit it on you! :0)

I must say some cabernet sauvignon from Chile are not bad at all. I guess I am a little partisan here as La Nievre in Burgundy reminds me of both south Brazil and the Lake District.

Bunsa, I usually prefer a Bordeaux, but have you tried a Gevrey-Chambertin? I had a 1996 a while back as a treat, really nice. With pasta or some cheese, salami and a crispy fresh baguette...o la la la!

Good luck, Smallfishbigpond. Fingers crossed we all made good choices here. I am quite an optimist once I did my research and am happy.
This ramper vs deramper battles made me think of the pessimist and optimist joke:

"The pessimist was heard screaming and cursing as he fell past the 27th floor. As the optimist fell past he quietly whispered "so far, so good"!

If you think about it, some poor mudstone managed to retain 2% rate per gas in place under its cap at 70m and that made our geoplist in chief really excited; so think what some slightly better trap can do way below on top of a porous rock formation? It make me more relaxed knowing this.
At the moment, PJ, I am like that kid who can see the christmas tree downstairs and the presents under it, then smile, and then he looks to the window in the living room and see Mr. Scrooge outside making scary faces!! :0)

PJ, and to think we are a few days of possible transformational news for HE1 that will propel our share price to God knows where and these last hour we are here..being beaten by some MMs or last minute exit investors?
By next week I hope we will be having only smiles and this pathetic 24p will be history.

"In the areas we have locked up in Tanzania we expect to find very large volumes. Already we have seeps of up to 18% at surface" (from Noble Helium website).

Now, that is interesting as I was sure I had read on previous field studies reading of 16% there in Tanzania. We don't actually know of any seepage coming from faults there at our Tai drill, but we may actually find different HE rates in some of our fields. We know we have 2.2% way up close to the surface and if the seals below are as good as we hope much much higher rates will be sitting under those traps, and or the traps above the at 400m.

Damn, I have been here before with a few oile explorers and these few days are just like being a kid waiting to open the presents under the tree without the jingle bell songs!

All the best for next week people.

ST

"The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding".

"...Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price".

"Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while".

https://shockertrades.blogspot.com/2011/05/market-maker-speaks-out-ways-of-market.html

I have read the article on the link above on some of the MMs operations that was sent to me by a clued up poster from this BB. If you trust your research and believe we have Helium in "them hills", stay put.