Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
I didn't say it was of no value...my issue is the rampers
Surin, like I said, you clearly have an intellectual and understanding issues going on.
Rampers, as you put it are people getting over excited and scream out any wild numbers like £2 by lunch time. What you will find here, if you had the intellect and a stronger grasp of English, is people debating, with fact, the merits of Helium One Global following recent announcements and SP activity.
Is all that so hard to grasp?
The company is targeting helium reserves that are 1300 meters below the surface which is large enough to revive the global helium market. The company is targeting the dams in Rukwa next year, which according to the agency Liberum, can produce 350,000 mcf of helium per year. Equivalent to the value of 94 million US dollars.
A potential opportunity to define the helium market
According to information sources in Tanzania, the Renewable Helium Resource that is not endangered in the Rukwa base project region amounts to 138 billion bcf according to local geological experts, the reserve is the largest helium base known in the world. This has the potential to significantly reduce the global shortage in gases that are used in the medical diagnostic industry.
This was written in Dec 2022 Helium is now 3 times more expensive. Ball park 300 million dollars and hydrogen per year.
Sweet spot hit, we could be looking at revenues of approx. $500 million per year
Everyone deserves their day in the sun, including the maggots and worms, bless em they’ve had a right good shoeing here, not only losing a fortune but also make to look, well as they normally do, uneducated oiks, people that substantiate nothing by way of fact. That said they do need some light relief because imagine how bad they felt when that RNS dropped yesterday lol.
There is one giveaway line that clearly shows the results yesterday were off the charts, unreal, amazing, OMG
That was the reference to Tanzania
That only deserves inclusion if the jackpot was well and truly hit.
This drilling campaign has been a huge success for both the Company and for Tanzania.
Here you go Ship
Helium One Global (BUY, TP 20p) –Successfully flowing helium to surface
In a very positive update, HE1 has confirmed the company has successfully completed all wireline logging and drill stem testing (DST) operations at Itumbula West-1 well, Tanzania. Importantly, the well flowed a high concentration of helium to surface from the basement, at a measured concentration up to 4.7% - equating to c.9,000x above background levels. In addition, the well flowed hydrogen to surface during basement testing, at a concentration of 2.2% hydrogen, >37,000x above background levels. Downhole fluid samples have been obtained from three separate well test intervals, in the basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature (PVT) laboratory and indicated the presence of elevated helium.
Our take: Today’s update represents a significant event for HE1 with results from the down hole well testing confirming the presence of a producing helium province in the Rukwa Rift Basin. Flowing helium to surface in high concentrations will be well received by investors ahead of further evaluation to determine commerciality. BUY.
In the small-cap sector, Helium One saw a surge in stock value following successful well testing in the Rukwa Rift Basin in Tanzania. This development confirmed the presence of a viable helium production area. The Itumbula West-1 well successfully flowed a high concentration of helium to the surface, with a measured concentration of 4.7 helium, almost nine thousand times above background levels. The company also encountered elevated hydrogen levels and identified elevated temperatures consistent with a low enthalpy geothermal system. Helium One's CEO, Lorna Blaisse, expressed delight at the findings and the results from the down hole well testing. The company now aims to evaluate the results and focus on advancing the project towards achieving commerciality.
https://bnnbreaking.com/finance-nav/stock-markets/ftse-100-rises-despite-global-tensions-helium-one-surges-after-successful-well-testing/
#gamechanged
Fascinating read
New study could help pinpoint hidden helium gas fields – and avert a global supply crisis
https://www.ox.ac.uk/news/2023-03-02-new-study-could-help-pinpoint-hidden-helium-gas-fields-and-avert-global-supply-0
Usually an appraisal well would be drilled, but it sounds like this might become a production well. Which would involve a full well test etc.
There's no set amount of drills to develop the field. It all depends on the size of the resevior as per the seismic data.
If they have actually found the source, this really is like finding the holy grail, no wonder it's all smiles
Https://theoregongroup.com/investment-insights/lift-off-for-global-helium-market/
Https://www.youtube.com/watch?v=VMkvHfmJupY
1 min 55
Tapped into the sweet spot
Discovering a hydrogen generating system at 2%, at this moment in time is like insane good luck, especially as this was not being drilled for.
Green hydrogen system – just wait until this starts taking off, the SP will be in £’s not pence and that’s without taking into account balloon filling.
Well done Neil, enjoy the hangover.
I'm currently up £32k in just 7 trading days, to say I'm delighted is an understatement.
No intention of selling a bean for a long time. Whatever anyone else does or says, well that's their business, no doubt there will be plenty of wild opinions lol.
Recognizing these challenges, and remembering his time in Sweden, Minchin has worked hard to cultivate enthusiasm for the project within the country. On a regional level, he has promised financial support for four secondary schools and paid thousands of landowners for access to their property. Many locals have welcomed the opportunity for work. Among Tanzania’s higher echelons, Magufuli’s successor, Samia Suluhu Hassan, expressed support for helium extraction in her inauguration speech. Royalties from helium could reportedly be worth more than 11 percent of Tanzania’s annual GDP.
https://www.wired.com/story/green-helium-mining/
Helium One Global (BUY, TP 20p) –Successfully flowing helium to surface
In a very positive update, HE1 has confirmed the company has successfully completed all wireline logging and drill stem testing (DST) operations at Itumbula West-1 well, Tanzania. Importantly, the well flowed a high concentration of helium to surface from the basement, at a measured concentration up to 4.7% - equating to c.9,000x above background levels. In addition, the well flowed hydrogen to surface during basement testing, at a concentration of 2.2% hydrogen, >37,000x above background levels. Downhole fluid samples have been obtained from three separate well test intervals, in the basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature (PVT) laboratory and indicated the presence of elevated helium.
Our take: Today’s update represents a significant event for HE1 with results from the down hole well testing confirming the presence of a producing helium province in the Rukwa Rift Basin. Flowing helium to surface in high concentrations will be well received by investors ahead of further evaluation to determine commerciality. BUY.