Better than Qatar?10 Mar 2024 22:17
No doubt for tactical reasons, a load of absolute nonsense, has been posted on this board regarding the latest RNS.
Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% helium
We compare that to Noble – nothing has flowed to the surface
Gold Hydrogen – nothing has flowed to the surface
Pulsar Helium. They had helium flow to the surface as a result of the volume of air they pumped into the well, lasted 5 hours
Anyone who has researched this subject understands exploration wells are just that, for exploration means/purposes.
Why do you think Liberium is maintaining a conservative 20p price target, because Helium One is currently the number one pure helium explorer on account they currently have free flowing gas. So number 1 at this moment in time.
Naturally when we get to production wells and processing plants optimised techniques will be used. Horizontal drilling, pumps, stimulation etc.
Now armed with that information the penny drops.
Itumbula West-1 well calculate a MINIMUM flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% helium
Those that don’t understand how prolific regional discoveries are actually made and built on should do some research, it will help.
In 1971, natural gas was discovered in the North Field, which is spread over a 6000 square kilometre area off the northeast coast of Qatar. The importance of this monumental discovery took a long time to percolate into commercial gain. Multiple drilling appraisals over 15 years confirmed that the field was the largest non-associated natural gas field in the world, home to almost 10% of the world’s known reserves. Suddenly Qatar found itself as owner of the third largest gas reserves in the world, after Russia and Iran. The North Field Bravo off-shore complex (NFB) was commissioned in 1996 and the RasGas Alpha off-shore complex (RGA) was started in 1999. The off-shore operations now comprise of 209 wells, which supply 18.5 billion cubic feet of sour gas daily.
Now What Lorna and her team have discovered is obviously unique, free flowing pure Helium and Hydrogen, but it will take time to find out the best course of action and to find out exactly what they have, something she continually states,
At this stage, the start line, 0.5 million cubic feet per day is absolutely sensational.