FOR THE TECHNOLOGY OF TODAY AND THE FUTURE www.helium-one.com - PowerPoint PPT Presentation

FOR THE TECHNOLOGY OF TODAY AND THE FUTURE www.helium-one.com

COMPANY OVERVIEW FIRST MOVER IN A NEW HELIUM PROVINCE WITH THE POTENTIAL TO SIGNIFICANTLY INCREASE THE WORLD’S HELIUM INVENTORY HIGHLY FAVOURABLE SUPPLY/ 100% OWNER-OPERATOR OF A NEWLY DEMAND FUNDAMENTALS IDENTIFIED WORLD CLASS HELIUM PROVINCE IN TANZANIA • Uncertainty of supply and supply disruptions - US Federal Reserve closes 2021 (~13% of FY • Very high helium concentrations of 8.0 – 10.2% 2016 global supply) • Independently verified Unrisked Prospective • Cannot be substituted, strong medical & Recoverable Helium Volume (P50)* of 98.9 Bcf high-tech demand - price has doubled since • 5,200km² exclusive tenement package – 2010 multiple projects • MoU in place with Hybrid Enterprises (Lockheed Martin) for use of their LMH-1 airship RUKWA LOW-COST, HIGH-VOLUME NO ASSOCIATED HYDROCARBONS, PRODUCTION TARGETED FOR 2020 STANDALONE HELIUM PROJECTS ASSOCIATED WITH NITROGEN • 0.36 Bcf per annum, increasing up to 2.0 Bcf • Established modular, easily scalable • Current demand supports a price of circa production units USD$200 per Mcf for liquid helium (USGS) • Production can be tailored to demand *Volumetric estimates conducted by Netherland Sewell and Associates Intl 1

NEIL HERBERT Executive Chairman JOSH BLUETT Technical Director Finance professional with 25+ years Geologist with 8+ years technical experience experience in the minerals industry with oil & gas in Africa and Australia specialising in developing businesses from exploration to production Co-founder of Helium One, previously with Armour Energy Ltd and AWT International Wealth of experience managing, advising and investing in the resource sector THOMAS ABRAHAM-JAMES JEFFREY CLARKE CHARLIE WOOD Chief Executive Officer Corporate Director Executive Director Geologist with 10+ years experience in Tanzania, Over 15 years experience in the minerals Australia and Greenland Over 40 years experience in the oil & gas industry specialising in financing industry, specialising in operations and Co-founder of Helium One Ltd & Hekla Consulting management in Africa Co-founder of Helium One and current Ltd, formerly with Rio Tinto, and Exploration director of Mayan Energy Ltd Manager for Mtemi & Platina Resources Ltd Previous directorship with Ophir Energy Plc JON TAYLOR DAN MALING Non-Executive Director Non-Executive Director Geophysicist with 25+ years technical and Accountant with 15+ years senior corporate experience in the oil & gas commercial management experience in industry specialising in commercial and the resources sector business development Financial Director of Solo Oil Plc Co-founder of Ophir Energy Plc 2

COMPANY FUNDAMENTALS SHAREHOLDER BREAKDOWN Solo Oil plc 10% 37% Others SHARE STRUCTURE Shares on issue 112,244,469 Options/warrants 26,301,495 Fully diluted 138,545,964 53% Board of Directors 3

NEW USES FOR HELIUM AN MOU HAS BEEN SIGNED WITH ‘HYBRID ENTERPRISES’, LOCKHEED MARTIN’S RETAILER OF THE LMH-1 AIRSHIP. STUDY UNDERWAY TO DETERMINE THE VIABILITY OF USING THE AIRSHIP IN TANZANIA. 4

HELIUM USES Laboratory Other Leak Detection 10% • Widely used in diverse applications such as 14% cryogenics (i.e. MRI), welding, semiconductor 5% Purging/ manufacturing, optical fibre manufacturing, leak Electronics Pressurizing detection, lifting and others 4% 6% • Liquid helium is required for superconducting Fibre due to its ultra-low temperature (-269 °C) 6% Optics Controlled 3% • Increasingly viewed as a high-tech element Atmospheres owing to its increased use in electronics manufacturing Lifting/ 8% • Due to its unique properties, new applications Balloons for helium continue to emerge. Recent new applications include: 20% • Computer hard drives, MRI 17% • Google X Project Loon • Hybrid Air Vehicles (Lockheed Martin) Welding 3% 4% Other Cryogenic Breathing 5

HELIUM PRICE COMPARISON INDEXED COMMODITY PRICES Index, 2008 = 100 (annually adjusted) 250 200 Crude Helium Gold 150 Silver Platinum Crude Oil (Brent) 100 Natural Gas (US) 50 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 Sources: USGS, World Bank 6

BULK LIQUID HELIUM PRICE GRADE-A HELIUM PRICE CHART $250 Hellium 4.0026 $200+ $3 $200 PRICE COMPARISON BETWEEN LIQUID HELIUM $150 AND NATURAL GAS PER MCF (1,000 FT3) $100 $50 0 A 42 GALLON BARREL OF 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 LIQUID HELIUM IS WORTH ~$847 AT THE CURRENT ($ USD / MCF) PRICE Sources: USGS Linear ($ USD / MCF) 7

GLOBAL PRODUCTION GLOBAL SUPPLY AND FORECAST (2016 ONWARD) 8.00 FORECAST 7.00 6.00 Demand Forecast (3% CAGR) 5.00 Russia Poland Canada 4.00 Australia Algeria Qatar 3.00 BLM* USA (exc. BLM) 2.00 1.00 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 *Bureau of Land Management, USA Source: USGS 8

CONSULTANTS & CORPORATE PARTNERS Technical analysis, UK Resource calculation, USA Airborne Gravity Gradiometry, Australia TECHNICAL Technical analysis, Australia Soil-Gas Geochemistry, USA Environment & Social Impact Studies, Tanzania CORPORATE Accounting services, UK Legal representation, Tanzania Legal representation, UK 9

GEOLOGICAL MODEL CONCEPTUAL OVERVIEW OF PLAY ELEMENTS RUKWA RIFT BASIN Helium microseepage in soil gas directly over mapped closure is evidence of effective trap and seal Helium Helium surface seepages Seal macroseepage are analogous to oil seeps Reservoir along faults Lacustrine deltaic and turbidite sandstone reservoirs and mudstone seal Helium in conventional porous reservoirs within Graben: 3-way dip closure buoyancy traps structural traps Fractured basement play Helium charge from Pre-Cambrian basement along faults Pre-Cambrian basement (helium source) RUKWA HAS EXCELLENT RESERVOIR, SEAL AND TRAP CHARACTERISTICS, POROSITY COMMONLY 20-30% IN SANDSTONES. 10

TANZANIA — EAST AFRICA • The United Republic of Tanzania gained independence from Great Britain in 1964 • Legal system is based on English Common Law • Population of 52 million • IMF’s World Economic Outlook (April, 2016) listed Tanzania as having Africa’s 2nd fastest real GDP projected growth (6.9% 2016, 6.8% 2017) • Existing infrastructure: land, sea, air, electricity and communication • 30% corporate tax rate, 3% helium royalty • Increase electricity output from 1,000MW to 4,700MW by 2025 (Deloitte) • Mature minerals and energy legislation: • Over 50 trillion cubic feet reserves of natural gas • Africa’s 4th largest gold producer COMPANIES OPERATING IN TANZANIA: 11

PROJECT PORTFOLIO 12

PROJECTS — RUKWA PROGRAMME OF WORKS • The proposed work programme will focus on the Rukwa Project • Activities prior to drilling are required in order to prioritise and de-risk drill targets • The drill programme will transition to development drilling, based on success Airborne Gravity Geochemistry IN PROGRESS Seismic + Interpretation Environmental and Social Impact Assessments Drilling Q2 Q3 Q4 Q1 Q2 Q3 2017 2018 13

PROJECTS — RUKWA SEISMIC CROSS SECTION – PLAY ELEMENTS Pre-Cambrian basement (helium source) 14

PROJECTS — RUKWA 8% - 10.2% helium 98.9 Bcf - Prospective Recoverable Helium Volume | Unrisked best estimate (P50) Location Approx. 40 km NW of Mbeya Approx. 3,520 km2 Licence area Helium One Ltd (100%) Interests >28 Prospects & Leads Two legacy oil exploration wells & > 1,000 km 2D seismic Exploration status 14,660 line km airborne gravity & mag Soil gas geochemistry September 2022 (extendable to 2026) Licence expiry “There needs to be a thermal release of helium from the ancient crustal material, which is why high helium deposits are so rare. Tanzania meets this very rare criterion as it sits atop an active ‘spreading centre’, which results from a deep mantle plume.” (Oxford University - Professor Chris Ballentine & Dr Peter Barry, 2016) 15

PROJECTS — RUKWA RUKWA LEADS MAP WITH MAJOR (>2.0 BCF) RESOURCES ANNOTATED Work completed to date: • Soil gas geochemistry survey – 1,486 sampling locations (2016) Widespread helium micro‐seepage, characteristic of subsurface trapped accumulations • 14,660 line km airborne gravity and magnetic survey (2017) Processing and interpretation in progress • >1,000 line km of historic 2D seismic Allowed detailed sub-surface mapping • 2 x historic drill-holes (Amoco, 1986) Reservoir and sealing formations identified • Proposed 2017 exploration activities will further de-risk targets prior to drilling 16