Member Info for onsolidground

Correct RogerJolly. It would be commercial t 0.2%

"The graph actually showed the following helium concentrations by producing countries

# Qatar: 0.05%

# Algeria: 0.19%

# Russia: 0.06%

# US : 0.35%

# Canada: 0.1%

# China: 0.03%

# Australia: 0.03%

# Poland: 0.1%

# Noble Helium: 2.46%

You can also add Helium 1

# Helium 1: Up to 4.7%

It's the first diagram in the link

https://nextinvestors.com/quick-takes/nhe-lab-results-increase-net-pay-by-over-two-three-times/

Buy yourself the book and come back in a few days time.

https://www.wob.com/en-gb/books/steven-a-tedesco-owner-running/geology-and-production-of-helium-and-associated-gases/9780323909884

Mind you it's probably out of your price range if you have to use wikipedia.

Welcome to my filter bin

Here's one for you reconnect. £139.69.

Might help you understand things a bit better.

https://www.wob.com/en-gb/books/steven-a-tedesco-owner-running/geology-and-production-of-helium-and-associated-gases/9780323909884

Not if its already flowing country and world beating levels already from the Basement to surface.

You need to invest maybe £150 and get yourself a Helium Geology book

Not sure if you also caught the presentation slide on Helium Grades and how significant Nobles 2.46% was. Shame you can't simply copy and paste across the diagram as it shows a great comparison

"NHE confirmed grades up to 2.46% a lot higher than already producing helium projects around the world.

"For context - helium grades across projects in the US average ~0.35% and the ones that are producing helium right now in Qatar and Algeria average between 0.05% and 0.19%."

The graph actually showed the following helium concentrations by producing countries

# Qatar: 0.05%

# Algeria: 0.19%

# Russia: 0.06%

# US : 0.35%

# Canada: 0.1%

# China: 0.03%

# Australia: 0.03%

# Poland: 0.1%

# Noble Helium: 2.46%

You can also add Helium 1

# Helium 1: Up to 4.7%

It's the first diagram in the link

https://nextinvestors.com/quick-takes/nhe-lab-results-increase-net-pay-by-over-two-three-times/

The up to 4.7% (and 2.2% Hydrogen) flowed to surface from the Basement.

So the Helium exsolving from water and flowing to the surface whilst depressurising looks like perhps an added bonus on top that LB hadn't mentioned in her RNS. Perhaps some information sharing going on.

"The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium

· A measured helium concentration of 4.7% equates to almost nine thousand times above background levels

· Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels

· Wireline logs, including image logs, demonstrated the location of fault and fracture zones and these were used to locate optimal well test intervals

· Downhole fluid samples have been obtained from three separate well test intervals, in the Basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature ("PVT") laboratory and indicated the presence of elevated helium"

Here's a good read on Helium Shortage 4.0 for anyone interested. Russian sanctions should keep this ongoing for some time.

https://www.innovationnewsnetwork.com/helium-shortage-4-0-what-caused-it-and-when-will-it-end/29255/#new_tab

Have a good afternoon.

You only need to look to what the Noble Helium Chairman says when he makes reference to Helium 1 in his presentation whilst talking about one of their next workstreams being a small inexpensive pilot to depressurise the well to see what Helium flows they have to surface.

Says that Helium 1 have similar results to them with high Helium concentrations (But they had 2.46% against our up to 4.7% - nearly double theirs)

He specifically says that it is a

“prolific helium producing basin”

and reference Helium 1

"As they depressurised their well "they had Helium exsolving from the water and flowing to surface as well. So this tells you it is a MASSIVE, and PROLIFIC and UNIQUE Helium Producing System"

You'll ultimately be holding or not when the next news drops and imvho you will only have yourself to blame if you are light or short of shares. Plenty clues being given all over the place.

It's Sunday and the markets are closed so perhaps use your time constructively rather than pointlessly contributing to the school playground mentality that exists on this bulletin board with traders, shorters, trolls, non holders and the genuine holders.

Here is a starter for 10 for anyone looking for things in one place for say 20 to 30 minutes research. Then it's over to your own research and personal decision.

So here's what all the buzz and excitement is about.

HE1 - 4.7% Helium and 2.2% etc. There are commercial Helium with between 0.35% and 0.5% Helium

https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-flows-helium47-to-surface-h3ozbl2v33bohu1.html

Target depth reached @ 961Metres. Elevated helium shows in various levels. 3 or 4 more than Noble Heliums finds next.

https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-has-successfully-reached-td-vmkkvswza9v67ua.html

Noble Helium's Shallow Well results were off only the Upper, Middle and Lower Lake Beds levels. (See the diagram) We drilled through these levels and went much deeper through the grey section and into the Basement. That said Noble Helium also achieved a free flowing Gas cap of 10M-15M and 2 deep reservoirs which if you add the heights together just about matches the height of the Rock of Gibralter.

https://nextinvestors.com/quick-takes/nhe-lab-results-increase-net-pay-by-over-two-three-times/

From 1:29:40 onwards. Nobles recent presentation to the RIU Mining Conference. Note how significant their 2.46% is on

world scale. We re nerly double that at 4.7%. Note also what is said about offtake negotiations already, offtakers happy to truck and the Helium Shortage 4.0

https://www.youtube.com/watch?v=XI_22QayyxM

And just check out that smile!! Helium's CEO interviewed after up to 4.7% Helium and 2.2% Hydrogen RNS.

https://youtu.be/VMkvHfmJupY?si=j0ir6dMy3Gswsx0C

Close Neighbours with Noble Helium

https://www.flickr.com/photos/194934344@N06/53294530511/in/dateposted-public/

Maybe also look at the Helium website for how many licences they have and prospects and also the 9 or so other licences they were (secretly) negotiating on with the Tanzanian Government.

# There you'll also find that presently we own 100% of all our licences

# We also own our own drilling rig so no waiting around for availability slots, and we can also hire it out

# We also have our own Lab on site for our own detailed analysis, prior to sending samples off for Independent validation

# Recent placing monies also to hand

Declined the 62p offer as "significantly undervaluing" the company. (It's a phrase that we have grown accustomed to.)

Worth watching Monday where the share price @Currys gets to, whether it remains there or rises further on the thought of a second improved bid, and what Elliots next move is?

Https://news.sky.com/story/waterstones-owner-elliott-plots-700m-takeover-bid-for-high-street-giant-currys-13073609

Just reminds everyone that these Active Investors are still there and hovering for a purpose.

Quids in Mike Ashley and Frasers Group who have a nice holding @Currys

Elliot incidentally were one of Sarah Rajani @Kelso's previous employers. Imho recruited with purpose.

Hopefully not too long until the next fun for us I suspect.

Be interesting to see if Elliot goes hostile should any approach @Currys be rebuked...

Helium's 1's up to 4.7% is from the Basement level neil777.

Helium1 also have elevated Helium shows in the Lake Beds, Red Sandstone and Karoo levels which Lorna Blaisse has not as yet shed any real light on - even though we know they have their own detailed Lab on site at the Helium1 base camp.

Just taking the Lake Beds levels - Noble Helium, our near neighbours, only drilled a shallow well and only went as deep as the bottom of the Lake Beds - through the Upper, Middle and Lower Lake Beds levels.

The detailed analysis they have just had back off those two wells, Mblele 1 and Mbele2 wells respectively showed large 2 reservoirs of helium, one being 148m (Mbelele-1) deep and the other being 271m deep (Mbelele-2). If you were to sit one of these on top of the other then it is virtually the height of the Rock of Gibralter. The analysis also confirmed high porsity and permeability.

That same analysis also confirmed a 10M to 15M Helium Gas Cap in the Lake Beds which was free flowing to the surface and which it looks like they are looking to monetise quickly and which should underpin a lot of their future progress.

https://nextinvestors.com/quick-takes/nhe-lab-results-increase-net-pay-by-over-two-three-times/

So in my book we have information on the Lake Beds, Red Sandstone and Karoo levels still to come and more detail on the Basement. This was from the target depth RNS and prior to the 4.7% Helium and 2.2% Hydrogen RNS.

"Itumbula West-1 well successfully reached a total depth ("TD") of 961m measured depth ("MD") in Basement on 24th January 2024

· Elevated helium shows, over twenty times above background, have been consistently measured whilst drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets

· Helium shows increased in frequency and concentration across the encountered fault zones

· The well has also encountered elevated hydrogen shows, over two thousand times above background, in the Lake Beds Formation and sufficiently elevated in the Karoo Group and Basement"

Casan this whole paragraph that you have just put up here is wrong - So Wrong

"Even after all these cuts and taxes, it doesn't get easier. Helium transport is tricky and there is another huge obstacle - price per kilogram of liquid gas. Helium is not spot traded commodity and prices are negotiated with costumers on a long term ( 5-10 years) contracts. To sell helium, you'd have to undercut and compete with major gas and oil companies. Good luck with that."

Helium is a scarce noble gas and there simply isn't enough of it to match worldwide demand.

May I suggest you watch the most recent Noble presentation to the RIU Mining Conference only a few days ago.

They only just hit 2.4% helium several weeks prior to us and they already have offtakers jumping all over them for their Helium - and who are prepared to transport it. so they pick up the risk.

In addition take note of the Helium Shortage 4.0 after what happened in Russia.

Presumably their offtake negotiations also started prior to Helium 1 hitting the jackpot at Itumbula with up to 4.7 helium and 2.2% hydrogen and more importantly the confirmation of a "working Helium system"

It's also good to have Noble as such a close neighbour we will be able to share some costs and we can also hire them out our 100% helium 1 owned Deep drill rig for any of their past and future "plays" Their results by the way are only off two shallow well drills at Mbelele 1 and 2.

Watch the video from 1:29:40 onwards then maybe revisit your post.

https://www.youtube.com/watch?v=XI_22QayyxM

I think the clever ones actually bought around 1.7p knowing that most if not all of the placing shares were forward sold.

It's been a really good week for some and not such a great week for some others.

YanaAlikhan

Posted in: HE1

Posts: 160

Price: 2.15

No Opinion

1.5p tomorrow11 Feb 2024 21:23

My 1.5p's worth and by the weeken 1.1p

YanaAlikhan

Posted in: HE1

Posts: 160

Price: 2.15

No Opinion

Wait and see11 Feb 2024 19:13

My prediction - this week it will end much much lower 1.2p

That'll do nicely.

Will be interesting to see what trades pop up outside the market being closed.

Only about twice today that the share price dropped to 2.35p.

But then it was immediately switched to Negotiated Trade and then only opened up for everyone at 2.40p and higher.

It looked like somebody was using small trades to keep it in check whilst amassing via larger sized trades, of which there were many 1M to 2.5M trades at 2.40p, 2.45p and through to 2.5p

Definitely looks like there is a large buy order being filled and in a very controlled manner.

Dustymop I think if things were the other way around for who joined who's Board you would see an appreciable jump in both share prices. Just imvho

They're just dropping it to see if they can muster up any sell volume. Doesn't seem to be having much of an effect though.

It's what happens when the share price is too low. But on the others side of the coin nobody seems to be rushing to buy either.

JC it wanted to get there this morning but somebody still had unfinished business from yesterday.

I was just thinking that it looked like it was coming to an end and there might be a 2.55p breakout.

Will we see it by close of play

There definitely seems to have been somebody soaking up all thats been available.