Member Info for Toffers

Kread, I have reiterated the fast case scenario. I am standing by that as that is what I think will happen hopefully. The rig is on site, they've already had Chinese help, the ESP has provided latest figures, and I think they are quite a way on in the discussion process with a potential partner or partners, so I think they will want to announce something pretty soon. My views.

Fast case: 3–6 months

Possible if:

Data room is already prepared

Interested parties have previously engaged

Well results are encouraging

Deal structure is relatively simple (e.g., earn-in for 20–40%)

In this scenario, the rig presence actually creates urgency — potential partners may want exposure before a discovery is fully de-risked.

The advantage as I see it in making it public that they've already been in talks, it tells any other might be interested parties to quickly put up or shut up and be locked out of what could be a very lucrative deal!

If helium flow rates are confirmed commercially viable, negotiations accelerate dramatically.

Our rates are commercially viable it seems.

Also, the signing ceremony hasn't taken place and it's nearly a year since ML granted, and I've kept saying, I wonder if it's delayed to either put another name on to it, or to assign it to another entity completely?!

If a rig is already on site at Helium One’s Rukwa project in Tanzania, that materially shortens timelines — but the farm-out process itself still depends more on commercial negotiation than operational readiness.

Here’s how it typically breaks down in frontier resource projects:

Typical Farm-Out Timeline (With Rig Already Mobilised)

Fast case: 3–6 months

Possible if:

Data room is already prepared

Interested parties have previously engaged

Well results are encouraging

Deal structure is relatively simple (e.g., earn-in for 20–40%)

In this scenario, the rig presence actually creates urgency — potential partners may want exposure before a discovery is fully de-risked.

More typical case: 6–12 months

Common when:

Multiple bidders are being evaluated

Commercial terms (carry, equity %, operatorship) are negotiated

Government approvals are required (very likely in Tanzania)

Legal and due diligence processes take time

Even with a rig onsite, a farm-out still involves:

Technical review

Reservoir modelling validation

Financial modelling

Risk committee approval at the partner company

For a major energy company, internal approvals alone can take 2–4 months.

Long case: 12+ months

Happens if:

Market conditions shift

Well results are mixed and further appraisal is needed

Financing conditions tighten

The operator holds out for stronger terms

Why a Rig Onsite Matters

If a rig is already in place:

The project is operationally active

Costs are accruing daily (which pressures timing)

Near-term catalysts (flow tests, appraisal wells) are imminent

Data updates can quickly de-risk the asset

However — and this is important — most farm-out deals are driven by subsurface confidence, not rig logistics. A partner wants clarity on:

Resource size

Flow rates

Development costs

Infrastructure requirements

Regulatory stability

If helium flow rates are confirmed commercially viable, negotiations accelerate dramatically.

🧠 Strategic Consideration

Sometimes companies deliberately:

Drill first to improve leverage

Announce a discovery

Then farm-out at higher valuation

Other times they farm-out before major drilling to share risk.

If Helium One already has a rig on site, it suggests:

Either drilling is ongoing while partner discussions proceed in parallel

Or they are trying to secure a partner for the next campaign / development phase

🎯 Realistic Expectation

If negotiations are already underway:

3–6 months for heads of terms

6–9 months for final signed agreement

Additional time for government consent

If discussions haven’t formally started:

6–12 months is more realistic

REMEMBER THOUGH THEY HAVE SAID THEY ARE ALREADY IN TALKS. WHAT WE DON'T KNOW IS HOW LONG THOSE TALKS HAVE BEEN ONGOING!

PubCrawl, let's have a 'soda stream' party :):) xx Anyone still own one? one of the original ones? with the small green gas cannisters? Let's get fizzing :):)

So, the types of “majors” most likely to sign up in Helium One’s farm-out or partnership process for the Southern Rukwa project are:

Large international oil & gas producers with capital and subsurface development expertise.

Major drilling and energy service companies willing to invest operational capability in return for equity or profit share.

Institutional or strategic investors that can provide capital in exchange for project upside.

Helium One’s own announcements make clear the company intends to pursue this type of industry partnership as it transitions from exploration/testing to development.

UK-based Impact Oil & Gas signed a farm-out with TotalEnergies EP Namibia B.V. (a subsidiary of French major TotalEnergies), transferring around 9–10.5% interest in two offshore blocks offshore Namibia.

• In return, TotalEnergies paid ~USD 99 million and provided a carry loan — meaning Total funds development/appraisal costs until first oil, lowering financial risk for Impact.

Takeaway: Large integrated energy majors like TotalEnergies often enter farm-outs to gain exposure to frontier basins while shouldering capital and technical risk.

I'm loving the 'Chat'!!! :)

UK energy company Tower Resources agreed farm-out deals giving Prime Global Energies minority, non-operated interests in its Thali licence (offshore Cameroon) and PEL96 offshore Namibia.

• Prime provides cash contributions (e.g., USD 15 million toward drilling) which help fund forward work programmes.

Takeaway: Smaller or mid-tier partners (e.g., Prime) can act as farmees, stepping up funding for exploration or drilling, especially where majors aren’t initially ready to commit.

Aminex PLC signed a farm-out with Key Petroleum Ltd. for a 20% working interest offshore Tanzania, with Key contributing to exploration well costs.

Takeaway: In frontier basins like East Africa, farm-outs often involve a non-major partner willing to fund drilling in exchange for equity — a path Helium One might consider before, or alongside, attracting a major.

EOG Resources farmed down part of its interest to partners including TotalEnergies and QatarEnergy in a significant consortium deal, illustrating how large players take equity positions in exploration assets. Anyone thinking of Nishant for HE1 and his Qatari contacts?

So, the types of “majors” most likely to sign up in Helium One’s farm-out or partnership process for the Southern Rukwa project are:

Large international oil & gas producers with capital and subsurface development expertise.

Major drilling and energy service companies willing to invest operational capability in return for equity or profit share.

Institutional or strategic investors that can provide capital in exchange for project upside.

Helium One’s own announcements make clear the company intends to pursue this type of industry partnership as it transitions from exploration/testing to development.

Helium or Industrial Gas Producers

Given the unique nature of helium as a critical industrial gas, established industrial gas companies with helium interests (especially those with processing and offtake networks) could also be strategic partners. Examples in the broader sector include:

Linde plc

Air Products & Chemicals

Messer Group

(Note: the latter has been active in helium supply agreements elsewhere, though not linked publicly to Helium One specifically).

In addition to equity partners, Helium One has already engaged industry service providers like CenerTech Group (part of China National Offshore Oil Company) for equipment and testing.

Larger services firms may move into deeper strategic roles, especially if they see long-term opportunities tied to unique helium plays — this could include:

Major service companies such as Schlumberger, Halliburton, Baker Hughes (which Helium One had previously engaged for services in Tanzania).

Major Oil & Gas or Energy Companies

Large international energy firms with expertise in gas field development are often the partners in farm-out deals for unconventional gas assets. These may include:

International oil majors with interest in frontier gas projects (e.g., ExxonMobil, Shell, Chevron, TotalEnergies).

National oil companies (NOCs) with technical capability in drilling and reservoir development.

These companies often provide capital and technical expertise to advance subsurface characterisation, drilling programmes and initial production facilities — roles a junior explorer typically cannot fund alone.

The fool is laughable, they never get any predictions right!

If they announce a JV with a major, or takeover for Rukwa, then I reckon we could soar up to 10p and may be beyond! Never say never! :)

US – Galactica-Pegasus, Colorado

Its Galactica project — via a 50% working interest — has achieved first helium gas, with early processing and tube trailer filling underway.

The group is positioning this project for early revenues in 2026 as operations progress.

Tanzania – Southern Rukwa Helium Project

Helium One has completed electrical submersible pump (ESP) testing at its Southern Rukwa project, showing strong flow rates and sustained helium concentrations — a key step toward commercial development and farm-out discussions with potential partners.

Recent updates have been met with positive market reaction, with the share price rising on Rukwa news.

Blubay "I think the selling is done", after weeks of peddling that the CLNs were still an issue and not finished. How on earth can you even come on here and be a disruptor peddling whatever twaddle suits your agenda? You are clearly not credible, and that is all there is to it. No one wants to read your carp any more, I suggest the best thing we can all do is put you on mute, so no one responds to you any more, as MCNol, has already alluded to for himself. I'm now going to do the same, and I suggest all genuine investors do likewise.

Northfork, have a fantastic weekend, you, like many of the genuine here, deserve every penny they can make from this investment.

See you Monday, God willing :) xx

oh, and just to round off;

Operational Progress – Tanzania (Southern Rukwa Project)

• Helium One reported enhanced helium flow rates at its ITW-1 well in the southern Rukwa Helium Project in Tanzania following Electrical Submersible Pump (ESP) testing — the rates were materially higher than prior testing. This bolsters confidence in the potential of the Rukwa play and supports advancing the project into a development phase.

• A formal farm-out process (seeking a development/joint-venture partner) has been launched, indicating the company aims to bring in third-party capital and expertise to help scale the project.

• Independent brokers described the latest Tanzania results as “encouraging” for the project’s prospects.

🇺🇸 Galactica-Pegasus (Colorado, USA) – Production & Commercialisation

• Helium One holds a 50 % working interest in the Galactica-Pegasus helium development project in Colorado, alongside operator Blue Star Helium.

• The Pinon Canyon processing plant is nearing integrated operations with infrastructure installations (like CO₂ stripping) in place, paving the way for helium recovery and commercial sales.

• Spot sales arrangements are in place and discussions are ongoing for long-term offtake contracts for both helium and CO₂, supporting the project’s commercial ramp-up.

📈 Market/Share Reaction

• Following the positive flow test news from Rukwa, Helium One shares climbed significantly, with reports of shareprice increases in London trading.

📊 Context & Strategic Positioning

• Helium One’s strategy centers on transitioning from pure explorer to development/producer with revenue potential from the U.S. project while progressing appraisal and eventual commercialisation in Tanzania.

• The company’s dual-continent portfolio (Tanzania + Colorado) reflects a broad play on the tight global helium supply market — helium is critical for tech and industrial applications.

Summary:

🔹 Rukwa (Tanzania): More robust flow results from ESP testing and a started farm-out process signal progress toward development.

🔹 Galactica (Colorado): Near-term operational milestones with processing plant readiness and early commercial arrangements underway.

🔹 Stock performance: Positive reaction to operational news, but full commercial re