Helium One Global, the primary helium explorer in Tanzania

[ReformedCharacter]

IIRC the US used to hold a considerable strategic reserve of Helium which they decided to sell off, this may have been about 15 years ago but my memory is a little rusty as to the date.

RC

[Proselenes]

https://www.londonstockexchange.com/new ... e/16081355

14 August 2023

Helium One Global Ltd

Operational Update


Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to provide an update on progress at its Rukwa (100% Operated) project area ahead of its Phase II drilling programme.


Highlights

· Civils work on Tai-C well site and access road now completed

· Commenced mobilisation of equipment from lay down area to Tai-C well site

· Appointment of full drill crew at an advanced stage

· Company remains on track for a September spud

The civils work for the well site and access road has been carried out and completed by TNR Ltd ("TNR"). TNR have spent the past couple of months clearing, preparing, and constructing an 130m x 180m well pad that includes a concrete cellar to house the wellhead. The well pad has been constructed to include an area for the camp that will provide accommodation for rig crew and project personnel. The cementing component of the well pad has been approved and signed off by the Tanzania National Road Agency (TANROADS) under the Ministry of Works and Transport.

In addition to civils work on the drill pad, TNR have also cleared and prepared a 2.4km long access road to the Tai-C well site. This provides clear and accessible entry to the well site and camp.

The next steps include moving the rig and all its equipment safely to the well site in order to commence rigging-up the Predator 220. In parallel to this, the Company will select the remaining drill crew and prepare for the arrival of the camp, third party services equipment, and the last of the remaining long lead items.

Lorna Blaisse, Chief Executive Officer, commented:

"Helium One is now another step closer to commencing our drilling programme at Tai-C. We are very impressed with the high standard of work that TNR have carried out and we look forward to moving ahead into the next stage of the project. The team has been working incredibly hard and we will now commence the mobilisation of equipment onto the well pad and finalise the drill crew as we gather momentum ahead of the September spud."

[Proselenes]

https://total-market-solutions.com/2023 ... gust-2023/

Date 14.08.23

A new chapter for Helium One as the explorer targets multiple events

“…We’re not just targeting a single event. We know from Tai One that we had helium shows at multiple intervals. We’ve designed the well for a success case…”

It’s testimony to Lorna Blaisse that just six months after she became chief executive of Helium One Global, that chairman and significant shareholder Ian Stalker retired from the business.

It was a sign he had confidence in the company’s former principal geologist and that the helium explorer was in the right hands. She had managed to secure a drilling rig after a year of contract frustrations, although Blaisse says it was a lengthy team effort to secure the ‘neat, compact’ and ca.............. read more on the link.

[Proselenes]

14th August 2023 interview with the CEO : https://www.youtube.com/watch?v=snrawOPad4I

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[Proselenes]

Remember all.

Presentation tomorrow at 11:30am UK summer time.

Register to attend........and if you register early enough you can submit questions via the website. Link below.

https://www.investormeetcompany.com/inv ... global-ltd

Dont miss it.

[Proselenes]

16th August Presentation video is on the link below

https://www.youtube.com/watch?v=froKUlEg3h4

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[Proselenes]

NHE rig just arrived in Tanzania, both NHE and HE1 spud their wells later September.

[Proselenes]

Broker comments after the fund raise.

https://www.reddit.com/r/HeliumOne/comm ... und_raise/

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[Proselenes]

Interview with the CEO :

https://www.youtube.com/watch?v=voeTBXwbNsU

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[Proselenes]

HE1 has spudded their well.

Noble Helium now rigging up to commence their well in the Rukwa basin Tanzania same as HE1.

Noble Helium @Noble_Helium
·
2h
Noble Helium reports that rig-up of Marriott Rig #16 at the Mbelele-1 site is approaching the final stages at the Company’s North Rukwa Helium Project in Tanzania.

https://t.co/vaoEVqVIdg

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[Proselenes]

Schedule is :

14 days from spud to TD (Total Depth)

7 days for running wireline from TD being reached.

Success case of good wireline

7 days to downhole sampling of gas under reservoir conditions.

Total time 28 days is the plan in the success case. If Wireline shows nothing then drill will end after 21 days.

Mud Logging will be going on throughout the initial drilling 14 days, looking for Helium in the mud logs. Helium shows in the mud logs will be extremely exciting.


Spud was on 25th September.

TD is planned to be around 9th to 10th October

Three major formations to be drilled through, Lake Bed is the first and early this week - then the Karoo and finally the Basement.

Lake Bed is the primary target for Noble's drill, and also for HE1 as there were Helium shows last time outside the trap area.

Good luck all !!!



PS - The placing 9 months ago was at 5p.

Therefore if you see dumping below 5p then you can guess bad news is coming.

Currently we are seeing some of those who purchased at 5p in the Dec 2022 placing reducing risk and selling some which is why, imo, the share price is sat at 5p levels.

So to watch for :

Dumping (big selling) below 5p will suggest bad news coming.

Trading above 5p and above 6p suggest simply derisking by Dec 2022 placing buyers and also the recent placing buyers at 6p. No news leaks

Strong buying spike up and over 7p (will suggest that maybe some good news comnig).

[BullDog]

5.6p and falling versus a 5p year low. A duster?

[PeterGray]

Bit early for a duster, surely? It could be technical problems with the drill. Or not connected!

[Proselenes]

Too early....they will not be into the first target until later today at the very very earliest.

No major dumping, and no dumping below the recent 5p placing price (Dec 22).

Would suggest the 5p placee's have derisked and sold out as much as they could above 5p.


Now we wait. First news next week at the earliest imo.

[Proselenes]

2 week delay.....rig issue. New part needed.


https://www.youtube.com/watch?v=xQKniFvvNc8


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[Proselenes]

Noble soon to spud their well at Rukwa........who will strike Helium first, lets hope its HE1 in the coming days, and then followed by success by Noble as well.


https://twitter.com/Noble_Helium/status ... 5845982376

Noble Helium @Noble_Helium
·
1h
The drill rig is up at the North Rukwa Helium Project ahead of drilling the Mbelele-1 well. Here, the crew are installing a test plug to run the pressure test on the preventors (BOP). #drilling #helium #exploration #asx #asxnews

[Proselenes]

So my expectation is :

1/ Monday 23rd October - expect TD announcement and mud logging news.

2/ Monday 30th October - expect Wireline logging news and P&A or move to downhole sampling (if P&A then jump to line 5 - if not proceed to Line 3)

3/ Monday 6th November - downhole sampling news if we go to this stage.

4/ Then plug and suspend well as future producer in the success case.

5/ Move on to spud the 2nd well at Itumbula-C

[Proselenes]

Drilling going slower than estimated then.

New tweet today........drilling ongoing and approaching TD.

https://twitter.com/Heliumone1/status/1 ... 8352175121

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[Proselenes]

[Proselenes]

https://twitter.com/Heliumone1/status/1 ... 6891446343