Helium One's extended well test may prove pure world class discovery

“...It's actually quite remarkable what the management team has managed to achieve here. If you look at the North Sea, for example, it took 40 odd wells to make commercial discovery. They've managed to float helium to surface here in three wells. It's significant..."
That’s the opinion of Liberum Capital’s new energy analyst Sam Wahab about Helium One Global Ltd’s (LON:HE1) progress across its Tanzanian prospects.
In his research note he reiterates the not insignificant figure of 4.7% which relates to the flowing concentrations of helium to surface at the company’s Itumbula West-1 well. That, he says, could represent ‘a world class discovery.’ He also reminds readers that Helium One has found pure helium which contrasts with larger industry players who have found impure helium often associated with hydrocarbons. “It costs more to pull those two commodities apart,” says Wahab and that pulling apart process “doesn't really tick that ESG box.”
The company's extended well test at Itumbula in the third quarter of 2024 could determine whether and how Helium One can commercialise what it has. The hope is that what is has is a consistent concentration of 4.7% and that it’s plentiful.
Conditional upon these results, Wahab says, the company will then be able to advance discussions with off-takers and industry partners and consider designs for a potential production facility. “If they can prove up Itumbula and indeed Tai, I wouldn't see any shortage of admirers for a company like Helium One.”
In terms of the price the gas could command, Sam explains to Sarah Lowther in this video how the gas is priced and how he has calculated the target price for the company’s share price.

[@RAMSHEADUK]

Share price needs to start reflecting the discovery!!

[@neillroy]

Share price will spike a little after the well tests are done then a long pause while we wait for a commercial trade with an experienced market player. Hold..

[@syther112]

Encouraging stuff!

[@Chesh-kr7yu]

Did he say "admirers" for HE1..........! :)

[@FIFANIAK]

Could we get an update about this stock? would be nice.

[@JohnBrown-dk1ix]

You were quoted on proactiveinvestors as saying 20p on 8th March and one week later you drop it to 5.3p even though the last placing was in February.

[@fluffycotton4683]

Very, very encouraging, albeit very worried - as a LTH - that further dilution will take place.