Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When news drops................. we have a world class helium and hydrogen system, we have secured a JV partner so future finances are sorted, a new state-of-the-art industrial plant will be built, and we are moving over to Eyasi. Then those waiting to buy in will do so from a position of 20p+. Then the same games start over.
Skittish, thank you very much for this amazing research. It is clear to see there is a lot of activity on the ground at Itumbula W and those selling out will have that, here we go again feeling, better load up with the toilet paper. lol
Exactly Del
Added to that the usual metrics, of flow rates and how big might go right out the window if we have hit the source
In one embodiment of the present invention, the proximity of a well bore to a geothermal source is determined by analyzing the drilling fluid, either intermittently or continuously, for helium, wherein an increase in the concentration of helium over a predetermined background level of helium is indicative of the proximity of the well bore to the geothermal source.
Unlike other gases, helium is more soluble in hot water than in cold water. Therefore, as reservoir water is heated, it scavenges helium which migrates upwardly along gas permeable zones of weakness created by a cooling magmatic body. As a drill bit penetrates through conjugate fractures adjacent to a potential reservoir zone, the helium charged fluids in these fractures mix with the drilling mud and are transported to the surface where they are detected.
We reported 9,000
For example, the background level may range from about 5 to about 12 ppm by volume, while faulted strata will have greater than about 12 ppm helium. Helium levels above 20 ppm, generally in the range of 70-1700 ppm, are found in fluids near geothermal reservoirs.
Helium can be extracted from geothermal hot water and/or steam directly from the hot water and steam at or near the subterranean source, as a byproduct of geothermal hot water and steam used for the generation of electricity and as a byproduct of hot water and/or steam used for purposes other than the generation of electricity.
https://patents.google.com/patent/US4378055A/en
Keep buying, ignore the noise
In one embodiment of the present invention, the proximity of a well bore to a geothermal source is determined by analyzing the drilling fluid, either intermittently or continuously, for helium, wherein an increase in the concentration of helium over a predetermined background level of helium is indicative of the proximity of the well bore to the geothermal source.
Unlike other gases, helium is more soluble in hot water than in cold water. Therefore, as reservoir water is heated, it scavenges helium which migrates upwardly along gas permeable zones of weakness created by a cooling magmatic body. As a drill bit penetrates through conjugate fractures adjacent to a potential reservoir zone, the helium charged fluids in these fractures mix with the drilling mud and are transported to the surface where they are detected.
To employ the method of the present invention, the helium content of the drilling mud is determined and monitored, either intermittently or continuously, during drilling operations. The background level of helium is established during the early stages of drilling the well. This background level may not be constant, but can vary gradually during the drilling operation. During monitoring operations, the average helium content of the drilling fluids from the upper strata are assumed to be the normal helium background level. Moderate increases in the helium content over the background level indicate faulted strata. Further increases in helium content indicate that the drill bit is approaching a geothermal reservoir. For example, the background level may range from about 5 to about 12 ppm by volume, while faulted strata will have greater than about 12 ppm helium. Helium levels above 20 ppm, generally in the range of 70-1700 ppm, are found in fluids near geothermal reservoirs.
https://patents.google.com/patent/US4378055A/en
Despite having an accurate, independent field PVT laboratory on site, the company has collected duplicate samples where possible, and these will be sent to a second laboratory for independent verification.
https://www.gasworld.com/story/helium-one-itumbula-west-1-records-positive-concentrations/2133704.article/
Rightly or wrongly this is how I see it
Noble don’t have an independent lab on site HE1 do
Noble drilled, their samples went away for verification – returned after a delay
HE1 drilled, their sample were independently verified on site – then duplicates sent away
Why?
The only explanation I can think of is a JV/Buy out –
Why do duplicate samples need to be verified?
If all samples need verifying in duplicate why have a lab on site, it just doesn’t make sense.
I would hazard a guess these duplications are on the insistence of another party.
Why are people fixated on how long something will take.
Duplicate samples may well have been sent to a laboratory of choosing from an interested major-sized party. Because of what is at stake here, potentially 100’s of billions of dollars, who in their right mind is going to rush anything.
If the suspense is really hurting that much, move on because full value here 50p to £5 will take at least a few years.
This person I found interesting https://www.linkedin.com/in/neil-pendock-41854a58/?originalSubdomain=za
In particular this post and images of Helium One https://www.linkedin.com/in/neil-pendock-41854a58/recent-activity/all/
Shareholders in Helium One Global Ltd are cracking open the Cava with the news that their Itumbula West well shows helium levels 20 x background. Itumbula is in the African Rift Valley, a region where the continent is splitting apart due to tectonic forces.
Staying in the Rift, but 1000 km to the NE, is Olkaria, home to one of the world’s largest geothermal power plants run by KenGen Kenya. Olkaria covers an area of 240 square km and provides around a quarter of Kenya’s energy.
It is full of helium and SniffSat maps light up the drill pads like a Christmas tree, which should have been taken down before January 6.