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The reason why this is so remarkable is that acquisitions like these usually come with a hefty price tag. However, in the case of HE1, it seems like they stumbled upon an incredible stroke of luck. Lorna acted swiftly and discreetly, securing the deal without anyone's knowledge, and managed to transport it to Tanzania before making any announcements. I must admit, I underestimated this group. It's truly a masterstroke and a rarity in the industry. We are all incredibly fortunate to be a part of this. Phew! Buckle up, because we're in for an exciting journey. This week is off to a fantastic start, and we have nothing but potential ahead of us. The fear of no drilling or running out of funds is now a thing of the past. With drill ownership, we can generate revenue by leasing it out when it's not in use. For me, that's the ultimate game-changer. A discovery within the year seems highly likely. They won't stop drilling until they find it.
It's fantastic news that Lorna successfully secured that for the project. We could have potentially faced bidding wars and other complications that could have left us empty-handed. So I'm absolutely thrilled and extremely pleased, especially considering that we had already prepared it for drilling last year. This is the perfect outcome. Additionally, we can also consider leasing it out when it's not in use, generating additional revenue of approximately £5+ million per hole, which can be utilised to fund future drilling plans for HE1. Even at today's stock price, it's an affordable opportunity to join in on this exciting venture. In the event of an unsuccessful drilling attempt, we have the flexibility and capability to drill again, as it's no longer a one-time hope!
Must get a t-shirt that simply says - IN LIFE on the front and on the back it says OWN THE DRILL
Nothing to get carried away with here. They own the drill. They can simply keep going until they discover helium and turn the business in to a value well in excess of a billion pounds so nothing to get carried away with. this is a share revaluation in motion over the next few months.
Yes this it is for HE1 now - soon will no longer see these stock prices again - now we OWN THE DRILL - the potential here is unlimited.
I dont reckon anyone outside from BoD and Ops Director at HE1 knew until market closed Friday. They would have kept this WATERTIGHT with NDAs slapped everywhere etc. I don't even t think Noble knew.
Yep totally agree - this is a much longer play now. We now own the drill and can therefore do as we want even the shallow drills at 2am in the morning if they want! Anything goes now... this is now an investment and not a gamble. I am most relieved and kicking back now to watch this over the months ahead...
Helium One: Provided an update on progress at its Rukwa (100% Operated) project area including details of its Phase II drilling programme
Successful acquisition of an Epiroc Predator 220 drilling rig
Rig is suitable for operations and was signed off independently by international rig inspection and audit company ADC Energy Ltd in July 2022
Rig is currently being mobilised to the Rukwa site
Rig will be used to drill the Tai-C well in Q3 ‘23 with a target September spud date
Civils work on Tai-C well pad and access roads already underway
Contract executed with leading energy technology company, Baker Hughes, for their services on wireline, cementing and fluids
GeoLog International BV ("GeoLog") contracted for mudlogging services
Will we now get a new broker report from H&P? Helium prices have gone up since their last report. Tai has been upgraded too so this is ingredients to a major upgraded report on the project potential and associated stock price!
Now they own the drill, Im going to stick around a lot longer...this is going to be wild...
Yes this is a real game changer. Everything is lined up for a major drilling campaign over the next couple of years. This is now no longer a one shot dream but a sustainable plan that is now totally under the control of HE1. Amazing. Very happy.
Ian and his HE1 mgmt team including the board members all with extensive experience and wide network of contacts have taken two years plus to find a drill to do the job for them in Rukwa and still nothing signed
Noble take couple of months to find and sign a drill.
Absolutely gobsmacked how incompetent the HE1 team are.
Haha, no... I am actually a long term holder. But I really dislike incompetence on a great potential projects. If I think I could do it better myself I start getting really concerned.
The evolving circumstances do not excuse the management team's behavior. If the upcoming announcement proves to be a successful one, I will begrudgingly accept that it was a sensitive negotiation period for a major deal, and we may all benefit from it. However, if it turns out to be BAD NEWS, their incompetence, penchant for hiding issues, lack of transparency, and overall ineptitude will not be taken lightly. It will serve as a clear indication that they are an unreliable team, and any future projects they are involved in should be approached with extreme caution. Investing in such a team would be a grave mistake, and their track record speaks volumes about their capabilities and trustworthiness. So let's see what the outcome of this is - at some point they are going to HAVE to show their cards....
I am deeply dismayed by the utter disregard the management team of Helium One Global has shown towards shareholders and their legitimate concerns regarding performance, progress, and overall expectations. The deafening silence they maintain is a clear sign of their lack of accountability. This attitude does not bode well for those who have remained loyal over the past 2-3 years, desperately hoping for a turnaround. The complete absence of transparency and communication is not only disheartening but also shocking. It is a disservice to shareholders and demonstrates a profound lack of responsibility on the part of the management team.
It will probably be via Noble we get more news now as they have been saying the drill will be on the boat at end of June and now we are about to go in to second week of July and no news, it will be Noble that will be forced to clarify why they missed a target date like that given their media appearances were stating that end June timeline which has clearly been breached.
Lorna will stay silent like she always does. I think she is in over her head with this as she cant even tweet something positive to assure the market.
The point I am making is that we shouldn't be betting on whether or not a drill can be secured - its astounding how HE1 leadership have made the project we are invested in all about whether they can get a DRILL or NOT!
Pathetic leadership - they should have this done and dusted. The focus of the project is to extract Helium from the RUKWA as per the research that has been done in the past and also more recently -- upshot is, todays investor is not investing for Helium discovery in RUKWA as per the research - but, embarrassingly so, on the chance % of securing a RIG!
Crazy...
Noble investors will be GREEN and not aware that Noble could be playing straight out of the MINCH PLAYBOOK so could be in for a NASTY surprise soon if it does all turn out to be MINCHED for them
Our focus should be on the commercial viability of helium in the RUKWA region rather than solely on the availability of a drill. The primary reason for our investment is to assess whether helium can be extracted in the RUKWA area on a profitable basis. However, it seems that the emphasis has shifted to the search for a drill, which is not the core aspect of our investment thesis. This situation is concerning because it deviates from the fundamental purpose of our investment. We should be evaluating the economic feasibility of helium extraction rather than being solely preoccupied with the availability of drilling equipment. It is important to realign our investment focus to ensure we are making informed decisions based on the commercial potential of helium in the RUKWA region, which is the essence of our investment endeavor.
Surely this cant end badly - surely they have it at hand - maybe they are silent because something bigger and better is brewing which is taking more time to confirm? But then Noble seems to indicate with confidence a Q3 drill which to me sounds like a real stretch now if HE1 are indeed going first.... Maybe Noble dumped HE1 and going alone with the rig and HE1 are now looking for another rig deal? Would appreciate an update ASAFP on this - however, if its silence for a big deal to be confirmed in our favour then I will forgive immediately. If bad news - then that would be a nightmare outcome given the silence from HE1...My first question would be why they mismanaged everything so badly - the handling of the situation remains perplexing and raises valid concerns.
The absence of any updates from HE1 suggests that key milestones such as the agreement and signing of contracts, completion of export paperwork, and mobilization have not been accomplished. Despite previous indications from HE1 and Noble that the contract was nearing completion, the lack of any news to the market raises doubts about the veracity of their statements. It is concerning that their claims do not align with the current situation, casting doubt on the accuracy of their communications. The silence from HE1 leaves a void of information and undermines confidence in the progress of the contract.