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With Tai-3 well not being plugged & abandoned, it does suggest that with 6 times background helium it's borderline commercially viable.
West-1 with over 20 times background helium does look to be commercially viable.
Interestingly 6 times being an exact number whereby over 20 times is a variable number, could actually be 26 times for instance.
Looking forward to seeing the results, bodes well for a decent size discovery. IMO
There was a time when you could buy 1m shares in GGP for £300.
There was a time when you could sell 1m shares in GGP for £300k.
Imagine how many derampers there were between them times.
Good Luck Everyone.
Between now and the results this is going to be massively traded but the additional selling pressure is severely weakened.
The overall view is will rise higher into results.
Profit Jock come and join the party, c'mon there's plenty of room for you to also make some money here.
Loads of chatter on here today when the market is closed which bodes well for next week.
TR1 indicates a lot of selling pressure has been taken out which bodes well for next week.
I'm already two-bags up here which bodes well for next week.
Next week bodes well IMO
Yes the hydrogen shows indicates a substantial elevation in concentration. Such a significant increase could indeed be promising and potentially commercially viable.
The well has also encountered elevated hydrogen shows, over two thousand times above background, in the Lake Beds Formation and sufficiently elevated in the Karoo Group and Basement
Tai-3 well, Elevated helium shows, up to six times above background, have been identified in the Lower Karoo Group and Basement targets
West-1 well, Elevated helium shows, over twenty times above background, have been consistently measured whilst drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets.
Today's background helium shows are multiple times higher.
GGP hit £1bn MCAP on a world class discovery, is this likely to be a world class find, probably not but it's probably going to be a viable discovery all the same.
The 0.3p area investors should do well here IMO
Odds on its a substantial commercially viable discovery and they know it.
Wait for the results to reveal the absolute concentrate level next week but the drilling has already revealed a significant helium presence in over 6 zones all potentially viable.
The discovery could be far too big for little HE1. IMO
Buy & Hold and see what happens.
Tomorrow will see my 3rd 100%+ share since this one has been suspended, it's not like I'm some great investor it just adds to the frustration of having additional funds tied up here, so this nowneeds to do 100%+ on relisting lol