Member Info for Scott22

They won't get higher helium concentrations but that is not necessary - they already have mind boggling jaw dropping concentration about the best in world ever. What they hope to accomplish is higher pressures and increased flow rates that will add to resource estimation. I do think they need one step out well before talking about off-take agreements or commercial production.

Infrastructure is now complete to increase production to 140 mmcf/day. First two C pad wells are now connected into system and being tested. Gas produced during tests will be sold. Both new wells will be on continuous production in two weeks. Numbers from tests within two weeks.

B pad is complete with riser on pas and flow lines in place. New B wells will be spud soon and simply need pipe from well head to riser with a few bolts.

Adding the Rio Clara block is huge. Cascadura field extends into Rio block in huge way. (will be 1 TCF filed) First Rio well can be drilled from the C pad (near boundary) and can be hooked up right away. There are other Herera and Cretaceous prospects on Rio block. Other Ortoire targets like Royston (Herera) and Kracken (Cretaceious) also extend into Rio block.

When production reaches 140 mmcf (in 2025) that will provide cash flow for operations, development, and exploration. TXP will be self funding.

TXP now controls a huge a swath of prolific southern basin including high percentage of prolific Herera fairway and multiple cretaceous prospects which could be game changing and catapult TXP to a whole different level.

They have been marketing this play for a decade. Though there are some new twists most importantly the gas pipeline.

Nice thinking that the stock could move sky high with a puff of helium sales filling their balloon. But I have never seen a stock with the lead weight of a 6 billion share count float like a feather into the air. Plus they have huge capital needs to get to production, no cash at all, and no obvious easy access to capital. I guess they are hoping the government of Tanzania will fund them. Or that someone will pay for mythical (at this point) royalty stream. Or at least pay for all the facilities for a cheap price on the expected output, even though there is no prior experience producing gas in solution (I know it is theoretically east to off gas from water but they still have to deal with the water. I guess the helium is in hot water so maybe they can make it a hydrothermal project and generate power - but they have no capital and no customers either. Would love to see something happen to make Helium One an important helium producer. Ain't gonna be easy, but hey, it could happen.

So you are thinking just some kind of a simple separator and then a water handling strategy. They will still have to pull off the CO2 if they want to sell that too. The details should be in the application for a mining license . Has anyone actually read that.

The helium is very real but it is dissolved in water. It should come out of solution easily but that will require some engineering to collect it and put it in iso-containers. To my knowledge that has never been done with dissolved helium.

Can they put in a definitive feasibility study based on a proposed methodolgy that is brand new and not tested? Or am I seeing this wrong? They also need very detailed plan to handle the water of course.

I think Malcy has picked TXP as stock pick of the year for the last two years. I hope he is right for next year.

Exactly what range of mutual funds, large banks, and pension funds could buy this. You forget the serial dilution episodes the most egregious of which was 2.6 Billion shares at .0025 pence. Does a manager of a large bank, a mutual fund, or especially a pension fund survive having big positions in something like this? Just sayin'. Holders here are pretty much speculators or manipulators or just holders on from past more hopeful days. Too stubborn to give the shares away for nothing. I am in the latter camp.

New resource report out. And Pulsar is going to list on AIM and do next round of financing here - to fund 2024 work program. They hope to catch more interest here. Helium 1 trades at high volume and there is intense interest despite all their troubles.

Let's not go back to a horizontal well discussion. The complex geometry makes that very unlikely. There are faults and folds and duplications. They may do deviated wells in certain places where that might be favorable. But true horizontals work best where there are benches of discrete pay extending horizontally over long distances. Sometimes hundreds of miles like the Bakken shale saucer. Best way in Trinidad to expose well bore to the reservoir is vertical wells or at most deviated wells to follow a structure. We get into this discussion maybe once a year. Answer is always the same. Xavier has even weighed in. Everybody has weighed in.

Has TXP ever had a day with so few trades in London?

"..... I'm virtually certain that a partner would enter at that stage, and they would fund all the initial costs including the plant, and the cost would be deducted from the helium price and contract."

Yeah but.....I was virtually certain that they were not going to issue 2.4 billion new shares at 0.25 pence. And after that devastation, I was virtually certain they were not going to sell another 1.6 B billion at 0.50 pence. If 1 Billion and 5 Billion share count are fine, why wouldn't 10 Billion share count be be fine.

Not really an offer yet, but a possible offer, and the price is better for sure. Trin did seem worth more than 22 million.

68 pence all cash offer

That was the claim. There was said to be plenty of demand to use it withing Tanzania. Instead is has been an ongoing cost, hot stacked to deepen one well by 100-150 meters. So let's see if thy can get some rent for it. I think they could use it to drill a couple of development wells near Itumbula (if the EWT results are great) but otherwise I am skeptical it will be drilling anywhere else at any time soon.

when he was talking about the 2.4 billion share dilution at 0.25 pence, he basically said - "they had us by the balls and could set whatever price they wanted." and he implied the same about the more recent dilution of 1.6 billion shares at 0.50 pence. he doesn't seem to realize that the effect of that is to transfer the ownership of the company from one group of investors who bought in at 10 pence to a whole different group of investors who got shares for a tiny fraction of that price. maybe no one sent him the memo that it is the role of the cfo that no one should be allowed to grab you by the balls and dictate whatever price they want to pay to be the new owners of the company. lorna should never give a presentation with him again. the other problem was the discussion of how to fund the facility. noble says they have offers to pay for helium at well head with the purchaser paying for facilities and logistics. that is about all that helium one could do. they can't issue enough shares at .01 pence to raise $50 million, that would mean 500 billion new shares and whoever financed that piece would own the company anyway. they should just dump eyres after that **** show.

Look at last sentence of this report. 259 million new shares for confirming they may deepen one well and begin extended flow test in the month they said they would. I don't even know if I could ever sell my shares in US. Yesterday 35,000 shares traded for total of about $350. I would have a $50 charge to put in a trade in London, plus more fees. The good news is that is not much per share if I could get someone to take a million of them. (not now, my target is 10 pence)

Helium One Global (HE1.L HLOGF HE1.F) announced an update on progress at its Rukwa project area ahead of its extended well test at Itumbula West-1. The company says it is on track to deepen the Itumbula well and commence an extended well test in July. The rig is claimed to be on-site and ready for third party services to rig up ahead of spud. It is said that long lead items are arriving at site for a July spud, that a contract has been executed with SLB for provision of cementing, drilling and completion fluids services, and surface well test equipment and services, and that GeoLog has been contracted for mud-logging services. The directors have awarded themselves a further 259 million options.

When will Trin stop trading? If it is right after the vote, then they will be locked in for months until they get their 1.5 TXP shares. Maybe some Trin holders are afraid to be sitting locked in a share with a chart like that of TXP/.

Supersport: The Trinity deal .....objectively this may be a master class by TXP .

Very few Master classes start with let's make a deal and have our share price immediately drop by 50%. The Master Class would have been to sell the day before the deal and buy back at the absolute bottom, whether now or still to come.

Of interest to He1 investors as they lay out path to commercialization of the shallow gas cap at Mebelele.

The He1 flow tests in Q 3 may allow He1 to map out route forward. The business aspects (what are potential off take partners willing to fund) are very important.

https://youtu.be/PU6Jr_2VlXY