Member Info for Toffers

So hoped the company might produce something tangible in an rns this morning to lock the lot of them out! Disappointed.

Have turned. Despicable tribe.

With the maggots! They will be gone later. Shouldn't be allowed. They contribute nothing of substance and are vermin.

The assets are not in the west, what are you talking about? the assets are in Tanzania!

Slacker, you're alluding to insider information, and that needs reporting.

To buy!

Franky, are you for real?

Lorna Blaisse - "Skilled explorationist with 17+ years oil and gas experience in Africa. Successfully led exploration drilling campaigns in East and Central Africa, with extensive geological knowledge of the East Africa Rift System."

Until presentation time I think :)

Riflemans, if they actually do a good job and take this in to production with a much elevated sp, what does it matter? Companies all over the world offer share incentive schemes to their employees, usually due to them taking a much lower salary than they would probably command elsewhere.

Riflemans, it's the mining industry, what do you not understand? aim listed companies have trouble trying to raise in the usual manner, finance houses won't take the risk until production commences, so they have to raise through other means and often the hands are tied, but if it gets the company to their prized objective in the end, then what does it matter, it's all par for the course, and the sp will be a lot higher when that is achieved, assuming it is achieved of course. They've already hinted at commercialisation several times, and why go to the lengths of having designs prepared for a processing plant if there is no viability of commercialisation? it would be a waste of funds, or better still, wait and keep quiet if unsure, but they've put it out there already that they have commissioned designs for a processing plant either small scale to start with, or larger. The next step might well be for them to JV with a bigger entity and let the bigger entity carry the bulk of cost in the next stages towards production, and to do so, would no doubt hasten production also. my views.

RXD and what if they announce a JV in the interim? you still think the sp would drop?!!! not expecting an answer.

Oh no, FastFOOD/Transhaven is back!

It's early doors, wait!

You don't need to spend money on a processing plant if your goods are not commercial! Think on!

Oh lord Tillywhiz is here, that's all we need, chief ramper from eurasia.

They've effectively already stated it's 'commercialised', they've said it in a round about sort of way by stating they need a processing plant! Why else would they need a processing plant? They've already got it in hand!

Gasses, including samples of more than 6pc helium and 2pc argon. The company applied the same workflow to the Eyasi basin, gaining an improved understanding of rift geometry and subsurface structuration.

same source

"Helium One Global (AIM:HE1) made a much anticipated breakthrough this year in the company’s quest to develop Tanzania’s first producing helium province, with drilling at its flagship Rukwa prospect reporting measured concentrations of up to 4.7pc helium, almost nine thousand times above background levels.

HE1 has three fully-owned projects, Rukwa, Balangida, and Eyasi, spanning some 2,965 km2, located by near surface seeps with helium concentrations ranging up to 10.6pc by volume. Rukwa is the most advanced, a series of drilling programmes indicating the presence of a working helium system.

Having secured its own drilling rig, HE1 explored Rukwa’s Tai 3 prospect last year, issuing a CPR for Tai stating an unrisked best estimate of potentially recoverable helium of 2.8 Bcf, a 61pc increase in the original resource estimate from the previous 2020 CPR, and an unrisked high case estimate of 7.1 Bcf, 30pc higher than the previous forecast. Drilling yielded helium concentrations of up to 8,320 ppm helium (against normal background levels of approximately 5 ppm) and – crucially – identified a new well location on the licence’s Itumbula prospect.

In February HE1 was able to publish wireline logging and drill stem testing operations on Itumbula’s West-1 well reporting concentrations of helium to surface from basement of up to 4.7pc helium, described as ‘a huge milestone for the Company’. Hydrogen also flowed to surface during basement testing, at a concentration of 2.2pc, more than thirty-seven thousand times above background levels. Hot basement fluids, measuring more than 80°C were encountered across the fault zone and in the basement, with helium and hydrogen prone intervals indicating a low enthalpy geothermal system.

After casing and suspending the well for evaluation HE1 went on to report that an extended well test (EWT) was ‘on track for early Q3 2024’. An Environmental and Social Impact Assessment (ESIA) study, a key step in the Prospecting to Mining Licence conversion process, was ‘expected to take approximately six months to complete’.

A production facilities management company has been appointed to commence a design study for a helium production plant at Rukwa, the processing facility options being reviewed including a smaller, lower rate pilot plant that would allow for early production as well as larger, modular systems that can be scaled-up. HE1 said it was also ‘reviewing the merits of re-entering and deepening the Tai-3 well or pursuing a new exploration/appraisal well.’ The company raised £8m raise earlier this month to support this ‘pivotal stage in the Company’s development’. HE1’s most recent interims, for the six months to 31 December 2023, reported a net cash balance at 31 December 2023 of $8.7m.

Away from Rukwa, HE1 has also completed an analysis of gradiometry and aero-magnetic data over its Balangida prospect showing high-grade helium macro seeps enriched with other high-value nob

"A production facilities management company has been appointed to commence a design study for a helium production plant at Rukwa, the processing facility options being reviewed including a smaller, lower rate pilot plant that would allow for early production as well as larger, modular systems that can be scaled-up."

source: total market solutions

Moorscloud, why do you think the finance/commercial director is going to be with her today? This is not usual. It would suggest something to be discussed about money/spending of the same? I'm only guessing, but they will need to start building a processing plant if there is the prospect of commerciality, which we already know has been stated, and they had already engaged a design team to design the processing facility, and if they want to speed to production, then they will need that processing plant in situ pretty sharpish, so I'm hoping that this is one thing that might be discussed, however, I didn't think to ask about it in advance unfortunately.