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Helium 1 does not have the money to drill 10 wells let alone 100 or 1000.
I bet the company that drilled the first few north sea wells (or the companies that drilled the first 100) did not do that well. Still I am betting on a helium discovery in these first 4 wells. Why not? Worth a flier. Story is so interesting that it is worth paying for a seat to watch it all play out during the next 6 months - with more interest because of skin in the game.
@ Noob, Friday was manic, I watched some of STs favorite TA, all the videos were guys trading the downward trend, real eye opener. And of course as some have already posted delays will see dips. I watched like a rabbit in a cars headlights.. Rescued the day with another walk, extra long ;)
Hope there are not too many errors as its all learning for me, time to get some beers I think.
"Kipling Petroleum Company discovered helium on Pinta Dome in 1950 when it drilled the #1 Macie in search of oil. No oil was found but a large flow of gas was encountered in the Coconino Sandstone. The gas did not burn so it was abandoned to flow unrestricted from the weB bore for about eight weeks (Dean, 1960, p. 33; Dean and Lauth, 1961, p. 195). Contemporaneous reports indicated that the gas escaping from the open weB "roared like a jet engine" at an estimated initial rate of 24 million cubic feet per day (Heindl, 1952, p. 1331; Beaumont, 1959, p. 160). The operator shut the weB in after testing by the U.S. Bureau of Mines (USBM) showed that the gas was rich in helium (Masters, 1960, p. 30)".
They struck it lucky, no doubt about that..hopefully we are going to feel that luck.. Mind is drained after all the reading, could never do a full day in school..
Watching the interview and Reading the comments from everybody today...especially ST, micktrick I have had a best guess at Noobs points, feel free to correct..
So seals for the oil, gives evidence for seals for helium? I guess so as they use the same methods and technology to find them, and similar descriptions to describe them.
A seal is a seal is a seal? There are different grades of seals, including clay, shale, salt, grade A being the salt horizons at the other fields.. But I found Bentonite clay which DM mentioned is used for CO2 gas capture, and an effective barrier to Nitrogen. Nitrogen is our carrier gas for Helium, so I assume if the Nitrogen is trapped so is the Helium, but I need to look that up. Faults can be seals and also migration paths, I think thats a risk here
Shallow drilling, how long does it take to get there, anyone have knowledge or opinion for : I guess its a month to setup site, spud, drill 100-150/m(micks comments),carry out tests, and activities for vacating site, and leaving it ready for appraisals I believe max depth is 1200, so maybe 10 -12 days drilling, 1. gas in muds? DM said this was real time sampling of mud cuttings 2 . Discovered reservoir., looks like there two targets at Tai, I dont know if they would stop if the upper target was a hit, I guess they would, anybody?
From hitting the ground, if it's three RNS it will come pretty quickly together? Looks like there could be more, Total Depth and I guess spud, maybe party invitations
Blimey, thats a fair bit of digging @ MrSpaceTomato. Thankyou . Looks like Heritage still have licences for South Rukwa area. They're not PLC anymore - were bought out by Qataris ? Lots of money there - wonder if there's been any interaction between the two co's ?
Looks good to me Dai, I can never find sustained periods of time to look at this stuff, and many have raced ahead of me. So I'm hoping someone will decipher and summarize, like the information vampire that I am.
Be interesting to know who the drilling contractor was. Mitchell Drilling have been in Tanzania for diamond exploration in the past. Maybe there's a connection to Mitchell Drilling taking this on with the option of shares in He1
Interjecting....and beside the point, but funny thing about renergen l, they have long thought to have helium on their sites, and had efforts to find it.
Then when they do it it's on the news and they make it look like gold prospecting, just two blokes in trucks struck it accidentally, then about 4 months later contracts with German autos are signed, I'm not calling BS, but ......
@ST DM mentioned neutrons for measurement, The NMR tool, saying they needed to adjust the tool and their mind set as helium absorbs the neutrons differently from hydrocarbons, using it to detect water or gas in rock pores..
Renergen's methane turned out to be helium rich.:)
Sure I read that close to the volcanic activity CO2 is the main gas produced and not so good for helium, but as you move further away things improve and Rukwa is the sweet spot.
Fingers crossed this active rift is going to be the first commercially viable one, and those faults are not too leaky..
I'd originally only thought the heritage stuff was of use for the caputured Helium evidence. So good work super Tom ...details ... Mick Thanks for that, Mitchell are drilling to 1200m if you didn't know, as I didn't till a quick Google.
Hi Noob, On average about 100m/day, although the fastest rigs/drilling teams can do 150m/day. Also factor in mobilisation and set up time. That's true in oil and gas anyway if you are using a standard set up.