Member Info for thetriplestar

Https://www.dhakatribune.com/financial-markets/2023/05/24/helium-ones-a-great-idea-but-will-it-come-to-market-in-time

Does anyone know who actually stumped up the £10m worth of 5p shares? Apologies if I have missed this but who was the funding person/business? I reckon with so much selling holding the price down they have walked away with an easy 40% risk free return on their investment - question is - who?

It's important to note that the given probabilities and the assumption of independence may not accurately reflect the real-world scenario. The overall success rate of a drill can be influenced by various factors and variables that may not be captured by these simplistic assumptions. Factors such as geological conditions, drilling techniques, and other external factors can impact the success rate.

If only one level needs a discovery for the overall drill to be successful, we can calculate the overall probability of success by summing the individual probabilities of success at each level and subtracting the probability of all levels failing simultaneously.

Given that the probability of success at each level is 14% (0.14), and assuming there are five levels in total, the probability of all levels failing simultaneously can be calculated by multiplying the probabilities of failure at each level (1 - 0.14 = 0.86).

To calculate the overall probability of a successful drill, we can use the following formula:

Overall probability of success = 1 - probability of all levels failing simultaneously

Overall probability of success = 1 - (0.86 * 0.86 * 0.86 * 0.86 * 0.86) ≈ 0.5594 (approximately 55.94%)

Therefore, the overall probability of a successful drill, considering only one level needing a discovery, is approximately 55.94%.

I have assumed they testing 5 levels in the single drill/hole and assumed 14% CoS for each one and that declaring a discovery is only needed on 1 level to give us a project success reading...

I'm curious about the extent to which the HE1 project is benefiting from the valuable expertise and oversight of our esteemed Board of Directors. With their extensive experience, I believe their involvement could have a significant positive impact on the project's success.

It's hard to believe that the management team at HE1 could overlook this after all this time. I vividly remember Minch mentioning how his phone was buzzing with multiple rig offers when we lost the Exalo rig option. With that in mind, I would have expected HE1 to have a well-prepared backup plan and contingency options ready to go.

Ive been holding since Minch did his first pitch (and built further on rise to first spud), so yeah another 2-3 months is nothing compared to what been through already...

Thats right its only a matter of shorter time now.... its all or nothing for these guys very soon as they will have to show their hands at some point shortly to enable the planned timeline to fall in to place...if its a signed contract and good terms, this will fly.

Yeah Im a bit concerned I am not seeing more alignment to plans but what appears to be a disconnect. I hope I am really very wrong - I really want both to succeed with Helium discoveries so the really business can begin.

I am gobsmacked it is taken HE1 years to secure a proper drill. remember early this year with MINCH saying sorry EXALO deal feel through but my phone is ringing HOT with offers so we will be back in the game really soon and yet here were are in May and no formal contract in place still... again, I hope Im wrong, I need this to work as much as everyone else who is invested here over the last 2 years

No mention was made of collaboration with HE1 with the view to saving mobilisation costs etc - yet that is no longer mentioned on what was a key presentation from Noble. Then no news from HE1 confirm indeed the rig has been secured and is now on the way to the RUKWA - could they possibly mean that He1 and Noble has decided to go their own ways? the Farm in partner simply may say lets gets straight in to it, dont worry about He1 mucking around with their single drill ambition - we can rock with Noble and buy He1 for a cheap rate cos they wont get a drill without us. No one is keen for a single drill outfit especially they have no other money to provide a back up second drill option on the table. What are your thoughts??

I really hope HE1 and Noble come up with the Winning Formula for all stakeholders involved in this project

Thanks KeithOz - appreciate the correction. Lets hope for full update from HE1 along with the contracted action plan ASAP

NHE announced a “preferred bidder” has been selected and non-binding heads of agreement has been signed.
The deal will see the preferred bidder pay for:
The FULL COST of NHE’s TWO upcoming exploration wells, and,
All of the past exploration costs already incurred (prorated to the yet-to-be revealed project ownership structure).
NHE expects to finalise the terms of the deal in the coming weeks.

I suspect that due to the sharing arrangement between HE1 and Noble we could be waiting a while for confirmation of all the details. It would appear HE1 really have to wait for Noble to confirm the details.

I am minded to disagree - as much as I take Motley Fool with a pinch of salt, getting an actual endorsement is actually quite tough. What they say and endorse HE1 is great for me - we need more endorsement as we need new money coming in...

ok thats great thanks KeithOz lets hope they get it on the way as a priority and have it at the RUKWA ready for action as planned...

Just looking at the map now if the equipment coming overland from Tunisia, I imagine it would come down through Algeria, through Niger, Chad, Central African Republic, Congo and straight to the RUKWA. This is a long long away from Sudan. I don’t reckon any impact on HE1 plans.
Anyone with experience of trade routes between these two countries?

I am thinking the time for 6p HE1 stocks are GONE.

IMO Noble believe HE1 will make a discovery at TAI. This will surge interest in Noble post HE1 discovery and obviously bring significant benefits for all stakeholders. HE1 want to get right in to it so want to go first. Noble believe in HE1 success as much as they believe in their own chance of declaring a discovery for their own areas. So its a good play for both projects and I believe they doing the right thing by splitting the costs to save us money and increase the potential of success for the project, for the govt of Tanzania, for the local areas supporting and for us the shareholders. So all good IMO!

HE1 is very much under the radar now, due to the long unstable path we all been on over the last couple of years (IMO) - hence why share price remains static - however once confirmed details in contractual nature come in, the PR will be different and more unquestionable. When that happens, people will want to buy in but its tough to buy in when this stock is lifting quickly - so its really now the time to stock up on HE1 because when the news comes in, it will be way too late for acquiring 6-9p HE1 stocks.

a good clear interview. Straight to the points we needed clarification on. Sounds like Lorna has it under control and I am confident in a Q3 spud which is great. Bargain shares priced today with HUGE upside potential. By the time this takes off, it will be hard to buy in at cheap prices, I suspect it will move very quickly in to the 10p+ range. IMO.