Member Info for Skippysb01

Was only notable for posting the absolute dullest post I have ever seen. Like a manual of de ramping carp. I nearly gnawed my legs off.

Well they haven't updated on the hydrogen yet....

That's a lot of word cheese just to tell us you want the price to fall so you can buy in.

You should be paying us to read that because it contained not one interesting or relevant piece of analysis. I nearly fell asleep.

If there is a flow you cannot create less flow through any additional flow enhancing method. So todays flow rate in the RNS is the bottom baseline.

People need to take a look at artificial lift techniques in the gas mining industry. The vast majority of successful gas wells are subject to artificial lift. It works.

I think you can multiply todays flow by x with a number of production options to boost the flow. As a natural baseline it's very good.

You haven't understood the RNS. The figures released are for a single well with no assisted flow. That's a minimum baseline without development.

Punters don't like waiting.

It was a great RNS for the patient.

Well we usually get a LB interview early afternoon after an RNS.

GL77 - you are also assuming they cannot improve the flow rate.

There is a science bit on that. The fluids release gas as they are released from pressure. This is a big factor and with one well with nothing to enhance that process the flow rate announced today is just a floor IMHO.

Nothing is out of the question. A JV could happen at any time. It's also a lot less likely before EWA than after, but not impossible. They could sign heads of terms with a JV partner before then and there could even be competition for that.

Anyone got any examples of what difference pumping or other aggressive extraction approaches make to well flow? I know there won't be one for this specific situation but might be interesting.

Clearly EWT is needed to get the data we need for next steps but to me the well looks very promising on a first hit basis. I can't imagine anyone thinks that one well would be the target. Multiple wells.

The only reason the sp has fallen is because many punters don't like to wait. It's a fantastic RNS.

Expect we will get another LB interview later today.

Fact is the SP is down this morning because folk don't like waiting. Nothing to do with the actual content beyond having to wait.

The RNS is very encouraging and JV is absolutely plausible with those numbers based on one well.

It’s just one well and the first for this target and without pumping. Would be useful to understand what difference pumping or other approaches can do to the flow rate. I think most of us expected flow,test and appraisal would be required.

It’s good. Not for the impatient. Can’t announce discovery without further work which is expected.

Air Liquide is a massive multinational with many products, partner and thousands of employees across many countries and a 100bn Euro market cap. So no, not unless HE1 wants to do a lot more than just produce helium in Africa.

However.... would a partnership or even a buy out of HE1 with a commercial helium find work for a company like Air Liquide? You could see it in the right circumstances. Find it and they will come.

... and this is why I think HE1 will emerge with a JV to pilot a production method at Itumbula. Perhaps they can collect the free gas as it exsolves from the liquid at lower pressures and also process the liquid. Who knows. Patience, patience.

Yes the hydrogen complicates the picture and it is another 'nice problem to have'. You could see the hydrogen in production before the helium. Helium is 4 times heavier than hydrogen..... it matters. It's all very exciting.

JerseyCrew. Yes I think so. But not clear without more data. People are talking about 'flowing gas' (which I absolutely believe was observed) but they also need to consider flowing liquids. Both are active parameters to consider. Both can be flowing naturally or require stimulation.

If the primary source of the gas is a liquid at depth then you would need to find a way to circulate it in order for it to a) release the gas as it is released under reduced pressure - I believe this is what HE1 have experienced happening in the Itumbula well. b) directly remove gas from the liquid.... I think b is the challenge that noble were talking about.

All speculation at this stage but there is science and engineering to do. This is why we haven't had the commercial discovery RNS because they would need to quantify and that's hard without doing the legwork. Ignore those who say they haven't released the flow data because it doesnt flow. How much it flows and for what size reserve etc etc is not easy without a standard model to plug the data into. It's a 'nice problem to have' rather than a bad one which would be no helium. 4.7% was a big number and mitigates the risk of making it commercial a lot but it doesnt mean there are no engineering challenges to solve before you can sell the gas to the market.

Need more data and that means we wait.

You can lead a horse to water but you can't make it ........ think!

Let me tell you anyway. It's about £50k

So is that an indication of lots of punters selling up from HE1. Let me help again - it isnt. Oh and by the way the difference will get sold on to new owners because that's how the market works.

Now go try to understand harder.