Member Info for Toffers

Colorado is a 50/50 joint venture, the money for which goes back in to spudding more wells as I understand it. HE1 were talking about 3.5 million a year dollars to be shares on the 50/50 basis, it's peanuts! The other share I mentioned, their oil production revenue is 100% theirs, and that is self funding the helium exploration which is quite advanced.

There is nothing to see here. The more I re-read the documents, the more it becomes evident, they won't actually survive for much longer imo, and they've got barely any cash on the books, which won't help attract a strategic partner for Tanz, and the year's delay of the signing ceremony has to make you think that the Tanz Govt are probably preparing to do the dirty and assign it elsewhere for more money in their pockets! My views.

But that has nothing to do with Rukwa in Tanz!

"There are three main uncertainties for the production of helium: liquid production rate, gaswater ratio, and helium concentration. These are discussed in the next three sections."

"It is possible that GWR and helium concentrations will decline with water production over time.

However, it is impossible to estimate if and how this will occur at present, which is reflected in

Sproule-ERCE’s estimates of both GWR and He%."

"Helium concentration (“He%”) is the percentage of the produced gas that is helium. Helium

concentration has been measured during the well test and from seeps at the surface. Sproule

ERCE has reviewed all of the available data and determined a P90-P50-P10 He% range of

3.3%-5.2%-8.3%. The He% data points collected are highly variable, and therefore, further

appraisal is recommended, as with the GWR."

"The development schedule provided by Helium One assumes start-up in Q3 2026."

"Five production wells are planned for the EPS, with drilling to commence in Q4 2025. Helium

One has advised that there is an onshore drilling rig ready to deploy, and that each well would

require 4 to 6 weeks for sequential drilling. Sproule ERCE considers this a realistic estimate

for drilling time based on onshore drilling benchmarks. On this schedule, all five wells are

expected to be ready before the EPF comes online in Q3 2026." Has it happened? Nope.

So how far behind are they exactly? I think Chat is right, it's likely to be 2027 before anything of interest starts to happen, if at all..

Read that Sproule report people!

Reposting this;

Andrew Scott

8h

#QHE What sets Quantum apart ?

• #Oil production already generating revenue

• >1 Bcf independently verified #helium

• Near-term production testing at Sagebrush

At a time when helium supply is tightening fast .... and spot prices now reportedly >$1,000/mcf

Can we have an end of week update please on X? pretty please? just to keep momentum going!

I'm hazarding a guess that that was secret buy from MCNol!!!! :)

Morning SRBS, could do with that now! Want to move and can't quite afford the house that's appeared on the market! Story of my life! So need Quantum to make me rich :):) and soon!!!!!

Have a good day all, we are coming on to the radar. Lots to get excited about here. Directors salaries minimal, self funding with the oil revenue to pay for the helium exploration, 3d seismic already done, let's get fizzing!!! :)

Morning SRBS, and everyone, just taken a few at the one you mentioned SRBS, so interested to see what happens as it was near it's top, but hopefully, it will continue to climb. Here, we're at the bottom, and the only way is definitely UP :)

👀🙄🤩

See you elsewhere McNol, I'm not angry with you, as I'm sure you will well realise :) I'm angry at yet another raise with this lot. I have continually said, Jacobs has to go.

McNol, quantum are producing oil to self fund the helium exploration, and where is the helium exploration, same as here, Colorado! They are self funding. They make the revenue from the sale of the oil to fund the helium exploration and with the price of oil rising exponentially, that's funding things pretty well, they are not going cap in hand to shareholders. Plus, they are prospecting in a safe jurisdiction, nor do they have to hand 17% over to the Govt like Tanz demanded. Chat says it will be at least a year before first production of helium for helium one, but quantum are much further on, they already have 3d seismic and are busy on just one site, not two sites in two different countries! and the USA want the helium and will no doubt buy it.

Gra2am, 7+ million, and now a further 3.5+ million? come on, get real!

But what did they do with the 7 million + they recently raised?

McNol, they shouldn't be taking any salaries, they've returned nothing from that previous raise. Look at quantum helium, look at the directors salaries there, they are on a same par as helium one, in fact, in a slightly better position all round, and yet the directors salaries are minimal in comparison to this lot.

It has all the classic signs now of the eurasia fiasco. For 8 years they were selling that they had a buyer, never materialised. Raise after raise, registered in the BVI, monies being secreted in to offshore accounts, directors taking huge salaries and yet putting the capital away where shareholders can't touch it. Exactly the same here. What did they raise the 7 million for recently, in fact 10 million, but they returned some, so what did they do with that money, as it was for Tanz? where has it gone? That raise seriously damaged the share price, and a lot were left reeling from it. Now the money has gone, so where has it gone? otherwise why come back with the begging bowl again for another 3.5 mill now?

@AndrewScottTV any plans for a Proactive interview? how quickly can the company try and get the helium in to production?

But the revenue then was when the price of oil was a quarter of what it is now. So they will have much more revenue coming in during 2026, you muppet.

From the last rns;

"Ongoing oil sales generating revenue to support helium exploration and development"

I trust these guys to bring this on for us. They've got skin in the game, so their incentive for profit, is our incentive for profit too.

PubCrawl, I'm sorry you feel that way, but at least I haven't been continually posting rockets, and saying boom time etc.