Helium One Global Ltd (HLOGF)

[pro_s2009]

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).