Member Info for RogerJolly

Roger Jolly is Mr Jolly to you Reconnected Yanna.

It's past your bedtime son

Interesting reading, University of Oxford News and Events page, 2nd March

New Study could help pinpoint hidden helium gas fields…

Couple of points:

Helium is a $6 billion (£5.3 billion) market, with the gas being essential for the operation of MRI scanners, computer chips and fibre optic manufacture, and state of the art nuclear and cryogenic applications. A current global shortage has pushed supplies almost to a crisis point, with prices skyrocketing in recent years. The situation has been escalated by the Ukraine war, since this ruled out helium being supplied from the new Russian Amur plant, planned to supply 35% of the global helium demand

The model also suggests regions where large amounts of hydrogen gas may accumulate underground, since the radioactivity that generates helium also splits water to form hydrogen. With a global market of $135 billion, hydrogen is used to create fertiliser and to produce many compounds essential for the food, petrochemical, and pharmaceutical industries. Virtually all hydrogen gas is currently produced from coal and natural gas (methane), and this alone accounts for 2.3% of global CO2 emissions. Hydrogen-rich underground deposits could provide an alternative carbon-free source.

SKA - Coal - in the same area

What's the point in banning him. He has probably already

been banned and 'Reconnect'ed.

Clearly trolling for lower entry and he will come back as reconnect 2 or some other obviously stupid moniker that gives away their purpose

I am reading nothing into that IG. First, it is third party talk. Second, as I read it, it infers the Helium is rising after it has been exolved from the water.

Water has not been mentioned by HE1 apart from if I recall that their belief was that Helium is carried along the fault via underground rivers.

I await further news on the meaning of that as we know there is more news to come but I have seen enough information and enough positive body language all around to be sure this is a discovery, hence I have 9.9 toes in the 'water' 💦 😁

OSG nicely put together. Plenty of information for any newbie to find on those links.

Research is a wonderful thing

You have no real interest here. You are only interested in promoting your little Hive group.

Unfortunately FlipFlop as I am greenboxed you will not have read about the $35million free carry and $5million advance to Aminex down the road in country who found 8tcf of gas. The JV partner put a $140million into the project that should see first gas to market later this year. They are covered to seeing $34million free cash following 3D Seismic and FFD. So you see it can and does happen with a big enough find and once rubber stamped the suitors no doubt already making tentative proposals will then get down to the nitty gritty of full data room disclosure.

Whether JV or Sale the big boys will be all over this like a rash at the moment.

Good points @IG. given your unknown age, what would you opt for?

Just so FlipFlop realises that the rainy season finishes in May and three month is not half a year. You are welcome 😁

@IG I do take some of your points, and the 0.5% is I admit an average commerciality figure but this is 9.5 times that average so every reason for full confidence especially since this was achieved from open hole without any perforation.

Everything here points to a successful commercial well so the point of this thread is not to debate whether it is, but to discuss personal preferences assuming that it is proved to be the case.

Ie.

Should they go it alone

Seek a JV

Or seek a buyer.

As I asked earlier, taking posters ages into account what are their personal preferences against what they think would be best for the company.

Don't want to Pish on your chips but you need to forget the Scirrocco JV rumour. It is nothing more than a pump and dump for them. https://www.proactiveinvestors.com/companies/news/1040258/scirocco-energy-to-meet-shareholders-over-plans-for-deal-proceeds-1040258.html

8p is fine by me Tricky 🤣

Flip flop Joe I suggest you take a look elsewhere in Tanzania where Aminex have a free carry to production worth $35 million and should be earning by year end.

They were even provided with an advance so when a find is big enough callers cone a knocking. 8tcf there and one to watch later on.

Just to add, Scir were investing here from the outset (previously known as Solo) they sold their shares here and were brassic last year.

No chance. Somebody was actoss the bbs yesterday pushing SCIR. It's nothing more than a pump for dump. Anybody knowing their past wouldn't touch it.

Frigger. FFS back at you. "How many more times?" 😁

4.7% means it flowed to surface at 4.7% whether it is up to, or not, they flowed at 4.7% which is 9.5 times higher concentration than is required for commerciality. They took samples and measured all the way down in the mud logs. They conducted onsite independent PVT tests proving those figures and have set samples for further independent analysis and given the dame type of lab experiments will be conducted on broadly the same testing equipment I see no reason for any material discrepancy in the results. Both those tests are conducted by professionals.

@IG. There has been a loose arrangement with Noble in the past over the potential of sharing a rig and they clearly exchange data, but there has been no suggestion of a JV with them although it is not beyond the realms of possibility. In your next statement you infer that Noble are not a serious player, but I would argue that sharing process plant costs could possibly enable the two to cut out the middle man. In saying that He1 early plan was to arrange deals with off takers with ready made order books.

There was no talk of a JV to achieve that in fact the talk was of installing their own plant at a cost of around $50 million. In terms of the ROI that cost would be chicken feed and as suggested at the time could be debt financed

You then continue subtle deramps about serious players wanting to wait because of the expense if drilling. I think you need to give those companies some credit along with your fellow posters on here. They and we know exactly why the TAI drill was so expensive. Everything that could go wrong did which caused serious overrun. Basically a series of bad luck events, as simple as that. To suggest there will not be a queue at Lorna's door at the moment, imo is ludicrous.

You talk of flow rates, but we all know Helium is profitable at 0.5% yet they have found 4.7% flowing to the surface without even perforating the well. There are still more details to come but we've not even mentioned the 6 mtr Hydrogen find and I quote.

" 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"

It seems to me you wish to instill fear of nobody being interested. I have noticed it has been your long term MO when posting here. I wonder why?

With discovery claim so far worth way north of 5p atm. Once rubber stamped then skys the limit. I wouldn't like to guess, but I expect it to move rapidly once further news starts coming

"…The results that we have achieved from the Itumbula West-1 well, flowing #helium to surface in such significant (4.7%) concentrations, has confirmed a globally unique helium producing province…”

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,965km2 across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume. All Helium One's licences are held on a 100% equity basis.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km2 in south-west Tanzania. The project is considered to be an advanced exploration project with leads and prospects defined by a subsurface database including multispectral satellite spectroscopy, airborne gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project has been de-risked by the 2023/24 drilling campaign, which has identified a working helium system.

⏫ ⏫ ⏫ ⏫ ⏫ ⏫ ⏫ ⏫ ⏫ ⏫

From Noble refering to Helium One at this point

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

The closing words of the speech at 1hr 44mins

"commercialisation is there, its in view!"