Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
JTF is expected towards the end of this year
That is correct local polish fund , was supposed to be announced by end of January , we now in middle of Feb. Hopefully will get decision soon as sp dropping quite markedly now .
I.walia
I think Cowie in his ultimate wisdom has not sold his 1% , to me that sounds like quite an endorsement of HE1.
Your comment although you did not sell, also endorses this stock , however the reason behind the 50+% drop as was explained in the RNS was not that there was no He. but they could not test the multiple shows of he.at
That depth due to limited well integrity . Let us not by any manner of means undermine the potential of this potential discovery with hidden innuendos or sub subsutilties at this point .
that depth
All I can say to that Swiss D is the lessons learned in Tai1 will be incorporated into the decisions for the next drill , hopefully then with improved well integrity we can expect a positive outcome . I for one am a firm hold in this project and have confidence in the He1 team .
Gla
Let’s hope now that the bb can return to more normal discussions , it has been a fairly vitriolic few days here and for that reason I kept out of the posts good and bad as didn’t see the point . This post of wireline was posted on the telegram bb which is IMO more lighthearted board , but also had its vitriolic moments . Hope peeps can now understand complexities of this venture.
Helium One Did the most Prudent Thing - eliminated the Real Dangerous Risk of continuing operations in the Tai-1 well
Helium One Global LTD did the most Prudent Thing - eliminated the Real Dangerous Risk of continuing operations in the Tai-1 well
**Tai-1 well:** The real and vital concern of HE1 is the Schlumberger Logging Tools in a slim hole. The type of tool combinations that were run cost around $1,000,000.00. Schlumberger may offer "tool insurance" prior to running the tools and may not. But once hole conditions become "hazardous" Schlumberger will withdraw the insurance - if the tools then become stuck and cannot be retrieved (fished), HE1 would have to buy them. If tool insurance is in effect, HE1 would have to make at least two fishing attempts to retrieve them - if the tore the tools apart in the hole --- big problem. Once the tools "stood" on the ledges, Schlumberger would stop (it's all in the contracts). Also of extreme concern is the fact the the Schlumberger Tools have two nuclear sources; Density and Neutron in the tool string. If these become stuck, and cannot be retrieved, then, who knows what the government of Tanzanian would do. In the US, if these Neutron, Density sources are in the tools that cannot be retrieved, the Nuclear Regulatory Commission (NRC) comes to location to monitor potential exposure. If none is found -- the well is plugged with a continues column of RED Cement and the paper work begins. HE1 has done the most prudent thing possible --- regardless of the type of rig - they eliminated the risk of continued operations in this well. This protected the nation of Tanzanian, The Helium One Corporation, and the shareholders.
NOTE: This is not negative information. The Project is sound, viable, and Helium One has demonstrated excellent decision making.
Drilling a larger diameter hole may mitigate the issue of the danger of loosing the Schlumberger Tools and the Nuclear Sources.
**FYI --- Schlumberger**
The SlimXtreme slimhole HPHT well logging platform enables logging in the toughest of places: ultradeep HPHT wells with borehole diameters as small as 3 7/8 in.
The platform integrates robust HPHT-rated tools providing array induction resistivity, formation photoelectric absorption cross section, bulk density, thermal neutron porosity, and gamma ray measurements. All tools use advanced wireline digital telemetry rated to the same pressure and temperature as the platform. Data transmission capability is through wireline cables as long as 36,000 ft.
![img](4ztmr94il5h71 "- The SlimXtreme slimhole HPHT well logging platform - ")
Read more at: [https://www.slb.com/reservoir-characterization/surface-and-downhole-logging/wireline-openhole-logging/integrated-wireline-logging-platforms/slimxtreme-slimhole-logging-platform](https://www.slb.com/reservoir-characterization/surface-and-downhole-logging/wireline-openhole-logging/integrated-wireline-logging-platforms/slimxtreme-slimhole-logging-p