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A catch up
HE1 released drilling news, most were expecting a duster, what transpired was the opposite, the well/area is now being touted as the best in the world.
HE1 have just raised £4.7 million (a coincidental number) with the placed shares gobbled up in a few hours.
A leading expert in Tanzania was quoted as saying, the helium grade of 4.7% as ‘massive’.
Commercial green hydrogen from Tanzania now looks a certainly
Nobel Helium are delighted to report levels of 2.46% helium and hydrogen shows in the mud
HE1 reported a 6m column of hydrogen.
HE1 had free flowing helium and hydrogen to the surface
Lorna has done 2 videos with Proactive where she cannot hide her delight
#gamechanged
Https://dailynews.co.tz/we-must-continue-creating-conducive-investment-climate/
University of Dar es Salaam’s Head of School of Mines and Geosciences, Dr Elisante Mshiu who doubles as the President of the Tanzania Geological Society (TGS) noted that concentration of 4.7 per cent helium as per the finding signals existence of huge volume of the rarely critical mineral.
“Concentration of 4.7 per cent is massive and is in- dicating the presence of gas,” Dr Mshiu said.
He said further exploration will be undertaken at the area followed by setting of demarcation as guide to valuation through calculation in relation to the market price to get the actual volume of helium available.
University of Dar es Salaam’s Head of School of Mines and Geosciences, Dr Elisante Mshiu who doubles as the President of the Tanzania Geological Society (TGS) noted that concentration of 4.7 per cent helium as per the finding signals existence of huge volume of the rarely critical mineral.
“Concentration of 4.7 per cent is massive and is in- dicating the presence of gas,” Dr Mshiu said.
He said further exploration will be undertaken at the area followed by setting of demarcation as guide to valuation through calculation in relation to the market price to get the actual volume of helium available.
Hard I know, however if we keep to the basics
Placing now done, should be a while before that subject re-emerges
Nobel are stoked with their results and they are inferior in every way to HE1
Green helium at these levels, rarer than rocking horse shti
Hydrogen is like yes thank you, Noble had shows in the mud we had a 6m zone
This share is on everyone’s radar
Is there better on Aim, is there better anywhere.
Finally someone just rocks up and trousers 150m shares, like that is really normal.
The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium
Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen
Is there anywhere else in the world where these 2 things also occur, at similar levels? The answer to that is why I wont be selling a bean here for a long time, regardless what others are doing.
Please guys, let’s entertain our deramping friend, who following the release of official news at Noble Helium has not moved 10 yards from his toilet.
Let’s also dismiss, for now, claims of corporate negligence, like readings in the Basin are taken by sending forward a solitary worker armed with a keen sense of smell and a roll of litmus paper.
As we’ve all seen, our Australian neighbours in the south are now doing flick-flacks at the helium concentration level of 2.46%, for them game changing.
Of course, our best guess of 4.7%, on the face of it a laughable figure, could well be as stated an overestimation but then again it could also be an underestimation, surely.
Helium and hydrogen flowing to the surface at 4.7% and 2.2% best guess levels, even in the Rukwa Rift Basin is truly remarkable, that remarkable as our furry friend has indicated, the numbers must be wrong, because if they are not they have the potential to change the global market.
There will be many that sold out or went short who will be running for the toilet this morning on hearing the latest news and none of these are going to be happy bunnies.
Should a good day for holders. This backs up what HE1 announced and would indicate a massive HE system across the 2 companies.
He1 is 4.7% but from the deeper Karoo formation, which touches the basement/source rocks. They also stated that the deeper they went the recorded data showed increase in He levels. We havent gone deep into the Karoo yet.
This release to me is a bit vague.
In Fig. 2 They seem to compare helium concentrations with helium concentrations in the gas part of reservoirs elsewhere most of the Helium concentrations are in natural gas (hydrocarbon) reservoirs. e.g. Australia, Qatar
I don't understand how you can saturate water with an inert gas, it cant dissolve as it does not react.
My guess is that the helium is in micro-bubbles in the water, it is not 2.5% of the reservoir but 2.5% of the gas that is freed from the water when the pressure is released and the micro-bubbles expand.
So how much He is really there? I think they really need to explain this better.
Agreed that if you pump out the water from the reservoir Helium will be released and this might result in a substantial amount of Helium.
In previous reports they say there are examples in the US of this being done but I cant find any details.
This helium resource will be massive but it will take Mr Market a while to figure it all out. Not only do we have an excellent result, as other posters have said we have not even drilled into the formations below the Lake Beds and thats where its thought the helium concentrations will be even higher ( as He1 has shown in their Rukwa drilling) not to mention these formations are much thicker as well.
Good outcome, 2.5% with over 200% increase in net pay should reflect nicely in a revised resevoir estimate Will only get better and better in my view. Porosity looking exceptionally good to
The whole area is rammed with helium and hydrogen
In the early stages HE1 is far advanced in the north, but early days yet, both companies are going to kill it
Well done Nobel, exciting time here in the morning.