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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
Discovering helium concentrations twenty times higher than the background levels could be considered substantial and commercially promising. However, the economic viability would still need to be assessed by considering the absolute concentration, extraction costs, and market demand.
I think they'll sell the asset or J/V can't see them going alone.
People are mistaking the helium encountered during the drilling to the actual absolute concentration testing, 7 - 10days for results on that.