Member Info for RogerJolly

Hopefully we will hear no more about stimulation, Unlike our friend I have no need for blue pills just yet ;0)

How High? Jupiter and Saturn maybe, it seems both Hydrogen and Helium is attracted to those places high up there ;0)

Right now 10p would be a very good start

Pompey I agree with your sentiments with a new ISA coming up but the raise was done to allow them time without pressure to get things right for the next stage of development which will be " Extended well tests at Itumbula West, A revist to TA3 or (interestingly) other options" my brackets.

I don't believ te £4.7m is enough to take us to production alone but it allows that time to talk to suitors (Of-takers or JV partners) who are perhaps willing to fund that next stage. A buyout is still possible, but my opinion is for Lorna this would be like giving up a baby and if this is as big as she thinks it is, she will want to watch that baby grow and mature.

JS. Yes it is an Australian article and now I have reviewed the Noble presentation I see it is a regurgitation of that presentation. In doing so it is spending an undue amount of its time propagating the idea that HeliumOne has no gas without stimulation when in fact no mention of this is made in the presentation. In fact CEO Shaun clearly states the following from around 7m40s "similar results to us, High Helium contents as they depressurised their well, they had Helium exsolving from the water AND flowing to the surface AS WELL"

This... "AND flowing to the surface AS WELL" indicates to me that HeliumOne has the elements of both and as the article authors are (on admission) heavily invested, it would be in their interest to big up their own investment while attempting to undermine that of a competitor who is also seeking investment from the same market.

As you can see it has brought forward unnecessary and unproven talk this morning about stimulation. As I said earlier the fact it was published only six hours after I revealed that there was no stimulation during the testing I find it a little suspicious coming from a powerful group of Noble investors. In general I don't believe in coincidence and given many goings on on this board since since last July I don't believe in this one either. Of course people have to make their own decisions on what they have had to say, but that has been absolutely nothing official said about stimulation Until today its only mention has come our friend the disruptor Joe and that article mentioned it multiple times in highlights. My last posts have now discredited him.

I don't know about you, but when an opposition business starts attacking its competitors with unproven information it shows they fear it. In this case I see support from that business via its CEO and the attack is from their investor group. Read into it what you will

PART 3 Final

To remove the DST tool from the hole, the driller first opens the circulation sub.

The driller usually opens the RC sub hydraulically by pumping drilling fluids down the annulus. This increased pressure in the annulus opens the sub. With the sub open drilling fluid reverse circulates down the annulus and up the tool and drill string to the surface. Reverse circulation pumps the remaining formation fluids out of the drill stem and puts drilling fluid back in.

The drilling fluid kills the well, that is the drilling fluid ones again keeps the formation pressure under control.

To pull the drill string and DST tool from the hole the driller first releases the packer by easing up on the string. If necessary, the driller uses the hydraulic jar to jar on the DST tool. In most cases jarring loosens the packer and frees the tool

If the driller cannot pull the packer free for some reason, he can separate the tool at the safety joint. Removing the tool above the safety joint gets all of the tool above the packer including the recorder with its data.

RJ Comment: That is my evidence our friend has been misinforming this bulletin board

Quoting the CEO further in the LSE interview a fortnight ago at 1m15s “In fact we have found it, we have found that elusive Helium that has flowed, now flowed 4.7% Helium to surface which is fantastic news!”

At 3m35s “where we are seeing that Helium come out of solution and FLOW to sirface”

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

Everything here should finally put to bed the talk of stimulation that is infesting this board. It makes absolutely clear guidance that there has been no stimulation during testing and the quotes from HeliumONE CEO and Noble CEO support the case. In which case the Australian overnight article can be read as mischievous.

What we do know is we have a unique well that is not being measured in conventional terms. They may claim to have a gas cap while saying we don’t. The fact is they haven’t yet proved it and we don’t know whether we do. I am inclined to think we may have tapped right into the very source, but that is something I cannot confirm. We all just have to wait. Personally on the weight of evidence provided from all sources, I prefer to wait holding shares rather than sitting on the outside.

Meanwhile I will not be worrying myself over fictitious attempt to infer stimulation will be required.

Part 2 cont.

With the ports open in the DST tool formation fluids flow, they push any drilling fluids in the hole below the packer into the tool.

Then they flow up the tool and the drill string to the surface

RJ Comment: This is clearly not stimulation!

The test crew first lets well flow for a short time to clear out the drill stem.

They then shut in the well for a time to allow pressure to build.

The well owner then allows the fluid flows for a few hours or for several days depending on the well.

RJ Comment: Days I assume would be known as an extended test.

Produced fluids are caught in a holding tank or burned off as they reach the surface.

During the flow period the owner determines production potential and fluid properties.

After letting the well flow for the required time, the test crew closes the shut in valve by rotating the drill string and the flow of formation fluids stops.

With flow stopped, formation pressure builds up inside the tool. This pressure build up is recorded on a pressure chart in the tool.

Later the well owner examines the chart on the surface. The record of the pressure build-up gives the information about the permeability and size of the formation.

RJ Comment: This information has not yet been made public not only because of the uniqueness of the well, but the CEO clearly stated more analysis is required as seen in proactive interview 5th Feb 3m50s in reference to logging and testing “Will take several days to acquire and then we will need to process”

In the next proactive video following the tests from 1m40s the CEO clearly states by directly targeting the fault zones where the Helium is being RELEASED, they have managed to directly tap into that sweet spot. At around 2m30s she states “while we were performing those drill stem tests, those high concentrations were yielded and whilst revers circulating on the basement test we saw that 4.7% flow to surface which is fantastic news”.

As can be seen earlier, this is not stimulation but a control method releasing formation gases for testing’ In part 3 you will see that reverse circulation simply pumps out remaining formation fluid/gasses

Tutorial Transcript with comments

Part 1

DST temporarily produces hydrocarbons/formation fluids (Gases) through the drill string, or stem.

DSTs also measure formation pressure and formation temperature.

The tool is run on the drill string (stem)

The test evaluates selected test zones. Like well logging DSTs help well owners decide whether to run casing and complete a well

RJ Comment: They subsequently ran a casing to complete the well so there must be something worth having to go through that expensive process.

A DST tool lets formation fluids flow to the surface or sometimes into a sample chamber inside the downhole tool.

While the well flows, the well owner can determine the producing characteristics of the well. Such information allows the owner to produce the well more efficiently when completed.

DST Tool Components

Reverse Circulation Sub

Shut In Valve

Recorder

Hydraulic Bypass

Hydraulic Jar

Safety Joint

Packer

Perforated Pipe

Anchor Shoe

The crew lowers this assembly to the depths/zones the well owner wants to test (in this example the bottom of the hole)

RJ Comment: In HeliumOne’s case, three separate zones

Part 2

The crew lower the DST tool into the hole on the drill pipe after the well is well circulated and conditioned with drilling fluid.

The hydraulic bypass is opened because the packer has limited clearance with the upper casing and open well bore.

The open bypass allows drilling fluid in the hole to flow up inside the tool as the crew lowers it.

Letting drilling fluid flow up inside the tool prevents it from creating pressure surges.

Pressure surges could fracture the formation to be tested.

With the DST tool on the bottom,(or zone) the driller slacks off the draw works brake to put weight on the tool.

Weight causes the packer to expand.

The packer seals off the hole beneath it.

With the hole sealed by the expanded packer, the DST operator rotates the drill string.

Rotation opens ports inside the DST tool.

With the ports open, formation fluids flow into the tool and to the surface, during this time crew members closely monitor annulus pressure. They monitor annulus pressure to make sure the packer maintains a good seal between the hole section being tested and the annulus above the packer.

The test crew puts water into the pipe above the DST tool, this is a water cushion. The water cushion supports the drill pipe against mud pressure in the annulus until the test starts. The water cushion also puts hydrostatic pressure on the formation when the DST tool ports are open.

The hydrostatic pressure is however not enough to keep the formation from flowing into the DST tool.

The water cushion is just that, ‘A Cushion’ it keeps the formation fluids from surging with great force into the tool and the drill string.

If allowed to surge, the force could damage the recording instruments in the tool and the formation rock.

Poppy I have no idea who the author is, but whoever it is, the video is on message. Clearly a promotional one, but as long as it is factual nobody should have a problem with it.

As for you little holding. I wouldn't brag too much about that around here ;0)

Good luck in it growing bigger

JS I am not going to comment on that link or thread until I have checked out a few suspicious cross reference claims made within it. From recollection there is contradiction within it from what the Noble presentation actually said.

It should be noted the authors have significant interest there and will be attempting to attract investors acros from here as in fact we have seen recently. It is also suspicious that the repeated and emphasised claims it makes come just six hours after I revealed clarity over the lies about RC here. I will clarify my thoughts later on this thread after reviewing available info.

Meanwhile I shall be getting on with the big reveal.

Great Video "Helium more valuable than gold"

"HeliumOne lead the way"

"HeliumOne unlocking Tanzania's Helium Horizon"

https://youtu.be/4L5xOA-QC-o?si=R8hQd4WdYMEbRY-f

We've seen it copied and pasted a million times because facts are used to drown out BS. Serious investors prefer facts!

Helium One Global Ltd Itumbula West-1 well flows helium(4.7%) to surface

Source: RNS Regulatory News

RNS Number : 9445B

Helium One Global Ltd

05 February 2024

Highlights

· Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations

· 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

Not you though Slacker. You have to own some to sell them I believe 😁

Coxy, we are not interested in your distracting threads about Noble or JoeBum. With only 4 posts and two distractions a blind man can see your motives. Bye bye.

Well from the info I gathered today they will have some data on flow rate and pressure as you can read when I publish in the morning.

The thing is because of the uniqueness of the well the current analysis as she stated is to guide them into

1 an extended well test at Itubula

2 a revisit to finish the hole at Tai

3 or other options which intrigues me.

Normally on a conventional well an extended well test would be carried out following casing and done via perforating the pay intervals and apart from the 6mtr hydrogen interval we haven't had the details. I know that is slightly unnerving for traditionalists but I am used to thinking outside of the box and I have my suspicions why this is not automatically being done and the clue is the two types of play I mentioned in the last post.

Whichever option they go for, they have cased the hole which is expensive and nit being a free cash flowing company they can't afford to be wasting money casing a duffer. So it all looks positive to me

As I told you months ago if it does, Im likely to buy more, so keep up the sell recommendations, it might help me 👍

Investing goals: is that a negative statement or a question? I'm not sure which tbh.

Afterall it is nothing to do with the issue I have cleared up for everyone following a barrage of misinformation and lies from FlipFlop Joe.

The answer if it is a question, is we have both according to more than one source and you won't get that answer from a single line anywhere. Noble presentation was the nearest thing to clarifying that.

It appears we do have helium exsolving from fluids as it is depressurised but the geothermal of 80° can also release the helium. Hence the talk of both exsolving and flowing gases.

Note the Helium came with Argon Hydrogen and Nitrogen and no mention of fluids as I recall, although I might expect some would come from the basement test section.

Correct me if wrong but Lorna in as many words said Helium FLOWED up to 4.7% throughout the well and the more it was depressurised the higher the concentration. Don't quote me word for word, but it can be checked.

If it turns out as you say that it only comes out of water when it is depressurised then flowing it up the drill pipe would have been exactly what they had been doing, but with that geo thermal aspect and what has been said, I am inclined to believe we have the best of both worlds, but only once the full analysis is done can that be revealed.

For that patience is required and repetitive doubt ridden questions won't alter that.

I remain positive. I have learned a lot today

When the personal attacks come you know the attacker is screwed 😂😂🤣

Its clear the perpetrator of misinformation has me green boxed. Would anyone like to tell him the bad news?

"No mention of how many bpd they are producing currently"

I doubt very much they are producing now as they will be preparing for the the side track

A lot of selling? Specsavers might help old lad, there was only 28 trades all day and I bought a third as much last week myself as the total marked in red. Sellers 😂