Member Info for Punter1234

· Internal modelling demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in the development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium

Isn't that approx. x 10 increase hmmmmm NB "would" not "might"!!!!!!

Also NB it has flowed "naturally" so given the figures it is going to be KERRCHING AIMHO of course ;-)

NB the flow rate they expect to achieve NB let's mot forget the hydrogen!

In summary the ESP is going to only make things a whole lot better - you don't go to all the trouble and expense unless you pretty sure especially as they have shown highly commercial rates already! The good times are a coming. Don't listen to the likes of big nob BiBeasty, DYOR all the info is out there!

· Successful completion of EWT operations at ITW-1 and demobilisation now underway

· Fractured Basement interval flowed a sustained average of 5.5% helium (air corrected) to surface and up to a maximum of 6.7% helium (air corrected)

· Faulted Karoo Group interval flowed a sustained average of 5.2% helium (air corrected) to surface and up to a maximum of 7.9% helium (air corrected)

· The fractured Basement interval also flowed up to 1.1% hydrogen to surface

· The well flowed naturally at a maximum flow rate of 2,701 barrels per day ("bpd") of fluid on a 36/64ths of an inch choke setting which equates to 834 standard cubic feet per day ("scf/d") of helium

· Internal modelling demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in the development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium

· The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix

· Gas samples were also collected for additional laboratory analysis when required

· Preliminary internal financial modelling demonstrates positive project economics with artificial lift and additional development wells

· The Company is now integrating the results of the EWT and finalising its feasibility study ahead of submitting a Mining Licence ("ML") application

Some salient points from RNS NB it is already commercial NB "to increase flow rates" and then see part II of this post

"We are delighted to be advancing towards the next operational phase of development at ITW-1 in southern Rukwa. The ESP operations will enable us to increase flow rates and gain greater information on gas composition from the fractured Basement and Karoo intervals. We look forward to providing further updates as operations commence and progress."

The Company acknowledges the effort of the MC that has gone into reviewing and analysing the ML application and their understanding that has resulted in an ML that is significantly larger than one normally issued for a standard mineral project in order to accommodate the helium play that extends over a larger fractured and faulted sub-surface area.

With the Mining Licence now formally awarded, we're looking forward to progressing the further testing using a downhole Electric Submersible Pump. This important step will enable the Company to better understand the concentrations of helium in this unique helium play and further establish multi-rate flow tests, bringing us closer to finalising the development plan and subsequent processing plant.

Quiet here today with the drop. Oh wait, it's because that flippin fantasy clown Bibeasty is over trolling HE1.

I am still being patient.

Bibeasty what a clown, you spend all that time composing boring monologues being non invested and nobody gives a flying fig what you think!

A Fubar brain never changes it's spots

Because it is a meaningless clown?

buying pressure mounting tick tock to being a Helium producer

TBOB your response is just lies, russian propaganda, and general BS! Just drop your rubbish and then disappear leaving a lingering smell like a bad fart!

Don't you get fed up of being schooled by most on here?

I agree TBOB so take your mega phone and barmy politics elsewhere perhaps.pro russian kont

Yes, isn't there, and here you are....again. Guess high powered office job can wait again lol

So the US pulls out and Ukraine sign rare earths/mineral deal with China. What you going to do now Putain?

He can play for it all he wants, doesn't mean he gets. How many years has he been trying to simply assassinate him? ain't managed that.

I don't doubt Trump would care. He doesn't care about anything apart from his own ego and lining his pockets.

they both want him gone? I am pretty sure he wants gone himself! That's why he said he will step down when peace and elections held. So the easiest way to get rid of him for the gruesome twosome is for peace eh?

yea, Belarus is a dictator propped up by Putin who own people want rid of and quite likely will do soon enough.

IF......just going to happen is it lol? Of course that is what he intended when invaded and thought be all over in 2 weeks. Have to take over whole Ukraine for that to happen which it he never will.

1 mile a month at 1000 dead or injured. Run out of soldiers or over thrown before got anywhere near Kiev again.

Russia War machine vastly over rated. NATO would beat them in straight fight in days. Can't even beat Ukraine! Take away Nukes and they feck all. Badly trained, conscripts and prisoners with virtually no training, huge supply issues, led by morons. Those are the good points!

The point is the end of the broomstick up their.........taken out to waffle, then returned

Was sure interested enough to pressure Ukraine into signing that deal for access to their rare earth minerals among other things. It is worth Billions and Billions or.........nothing if there is no peace.......or Putin nabs the lot. So think there is enough there to keep Trump and US interested. Money talks.....

You want to know the hold up? look at the weather forecast. Likely get snowed in before can get any production

The analyst at PMUR is a well known pessimist lol

Doesn't Lorna and some others of the BOD have options at 6.6p?

Elections...what country holds them in the middle of a war? great target for Putain those polling stations eh? he has said will hold them, and step down, as soon as peace. You sound like Putain's mouth piece, exactly his line.

Recent polls say 70% of Ukrainians want a negotiated peace, surprised not higher actually. But ask them how many want to give away their land to dos so and think you will see different figures completely. Figures and Polls eh TBOB.....depends what you ask and who you ask.....

As for The "Minsk agreements" you means the ones Russia broke constantly (recognised by most international governments) then in 2022 said they no longer existed and blamed the Ukraine. The country he had invaded in an illegal War!

as for "indiscriminately shelled" more horse manure! Russia illegally annexed The Crimea then heavily supported "Russian Paramilitaries" to start a War in Eastern Donbas. Illegal fraudulent forced referendums were held, recognised by no international body or government.

If you going to lie expect to get called out on it. You another Russian Bot?

@Expon3ntial spot on! You can't underestimate how much more leverage being a producer brings. Especially when they see the business plan with expansion and wells paying for themselves. I expect them to expand further in the US if/when the opportunity (like a BlueStar) comes along.

As for Ruwka when the pump shows what most of us positive investors think it will, as the company says improved flow, then the FID will be taken and I expect a JV with a bigger company providing most, if not all, the funds, in return for many years of gas at a good price. In other words we will be on a free ride!

Lorenzo06 what a load of horse manure!

Which referendums are you referring to 2014 (in the context of the annexation of the Crimea) or 2022 both which were regarded by most international observers as shams/rigged with forced voting, multiple false identities etc and recognised by No Government (apart from Russia of course lol) including the US and Europe.

Russia was already trying to take the Donbas by stealth and agitation in Ukraine sovereign land, hence, like any country, he sent in his troops.

So yea, you are defnding Putain and if you going to post lies expect to be called out on it.

Pat2014 I didn't....hence his post and now slinked off with tail between legs lol