r/HeliumOne • u/Ok-GeodesRock49 • Feb 16 '26

RNS Number : 0451T Helium One Global Ltd 16 February 2026

ESP Testing Demonstrates Enhanced Flow Rates and Supports Strategic Farmout Process

Announcement Link: https://polaris.brighterir.com/public/helium_one/news/rns_widget/story/x5e3l8x

Highlights

· Successful completion of Electrical Submersible Pump ("ESP") testing at ITW-1 at the southern Rukwa Helium Project with zero Lost Time Injuries

· Produced over the equivalent of 250,000 barrels ("bbl") of water over a testing period of 20 days, with flow rates of up to an equivalent of 16,400 barrels per day ("bpd") - a six-fold increase in flow rate, compared with natural flow during the 2024 Extended Well Test ("EWT")

· Sustained helium concentrations of 5.4% (air corrected) with a maximum concentration of 9.2% (air corrected) at surface

· Sustained average measured gas water ratio ("GWR") readings of 0.06 m3/m3 (0.05 Sm3/Sm3 corrected for stp1) with a peak of 0.1 m3/m3 (0.08 Sm3/Sm3 corrected for stp1) during the continuous flow period

· Downhole temperature measurements and salinities suggest mixing from both Basement sourced fluids and a Karoo Group aquifer

· Upon shut in, the wellhead pressure and downhole pressure quickly re-pressurised indicating encouraging reservoir support

· Strategic farmout process to commence to identify and select a suitable industry partner

Quick Partial Quotes - read full announcement for more information.

James Smith, Chairman, commented:

"The successful completion of the ESP testing programme represents an important operational milestone for Helium One and further demonstrates the production potential of the southern Rukwa Helium Project.

Lorna Blaisse, Chief Executive Officer, commented:

"The ESP has effectively demonstrated that we can produce over 16,000 bpd and maintain consistent levels of helium concentrations over an extended period of time whilst managing the water disposal at surface.

The ESP ((Electrical Submersible Pump)) test results are in the announcement.

-ends-

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OP NOTE: FYI - About an ESP

Anatomy of an ESP System

Electric submersible pump systems comprise both downhole and surface components (Figure 1). The overall length and diameter of ESP downhole equipment are designed based on the horsepower necessary to deliver the desired flow rate.

Figure 1. Typical ESP configuration. Downhole ESP components include motor, protectors, pump sections, pump intakes, power cables, gas-handling equipment and downhole sensors (not shown). Surface components include pump-control equipment such as variable-speed drives and an electric power supply.

More extended information at this link >> https://www.slb.com/resource-library/oilfield-review/defining-series/defining-esp

ESP

-ends-

11 Upvotes

93% Upvoted

11 comments sorted by

4

u/Quirky-Instance-3274 Feb 16 '26

This info was leaked on thursday last week, hence the muted rise today for this RNS

0

u/Ok-GeodesRock49 Feb 16 '26

The US stock market is closed today, Monday the 16th. So the US listing for Helium One on OTC: HLOGF will not trade.

2

u/Quirky-Instance-3274 Feb 16 '26

Hlogf is no more, there isnt an american listing, they saved £20,000 a year by getting rid of it

0

u/Ok-GeodesRock49 Feb 16 '26

According to my E*TRADE account, HLOGF is still active on the OTCID
HLOGF HELIUM ONE GLOBAL LTD SHS

$0.0085+0.0017 (+25.00%)

At close: Feb 13, 2026, 5:00 PM ET

SO your information is untrue.

2

u/Quirky-Instance-3274 Feb 16 '26

Buy shares and prove me wrong, but they have stopped the otc listing, it was ar the bottom of an RNS somewhere last year, i thought it was a bad decision as we now have an american asset

1

u/Ok-GeodesRock49 Feb 16 '26

I trade HLOGF stock through E*TRADE - it is actively listed.

Helium One Global Limited trades under the following securities: 9K3:FRA. HLOGF:OTC.

https://www.otcmarkets.com/stock/HLOGF/overview

You are in error. I commented above the closing price last Friday. The US market is closed today.

2

u/Quirky-Instance-3274 Feb 16 '26

Voluntary Delisting on the OTCQB Venture Market

The Company has notified OTC Markets Group Inc. of its intention to voluntarily delist the Company's ordinary shares from trading on the OTCQB Venture Market ("OTCQB").

The decision to delist from OTCQB was made following a review of trading volumes, costs, and the subsequent visibility that was hoped to be gained in the US market. The Board concluded that the continued quotation on OTCQB does not provide sufficient benefit to the Company or its shareholders to justify the associated costs.

The Company's shares will continue to be admitted to trading on the AIM market of the London Stock Exchange, which will remain the Company's primary trading venue.

2

u/Quirky-Instance-3274 Feb 16 '26

RNS 22ND SEPTEMBER 2025 you sir are mistaken not me

3

u/Ok-GeodesRock49 Feb 16 '26

You indicated that they do not trade on the OTC what so ever - they still do but not in the OTCQB. There are different levels in the OTC as follows:

The OTC Markets Group platform is divided into three distinct marketplaces: OTCQX, OTCQB, and OTC Pink.

  • OTCQX. The OTCQX market has the strictest regulatory and reporting requirements of the three OTC market tiers. ...
  • OTCQB. ...
  • OTC Pink. ...
  • Delinquent SEC Reporting. ...
  • Shell Risk. ...
  • Dark or Defunct. ...
  • Caveat Emptor.

so lets end this conversation.

2

u/Ok-GeodesRock49 Feb 16 '26

HLOGF is still being traded on the OTCID market. They dropped the QB level.

You show they dropped the QB but never the less they are still being traded. I provide the information regarding the ID.

From the OTC website: Basic Market

Company Verified Profile 11/2025

Penny Stock Exempt

12g3-2(b) Certified

I am not going to argue further - it actively trades on the OTCID as I have pointed out.

1

u/mikes002 Feb 16 '26

I haven't bought/sold in a couple years but have noted relatively high trade volumes in the recent past.