Great post, worth reading from mcadder26 Jan 2024 09:10
So many posts here the gems often get missed, here's a great one from mcadder that some may have not read.
mcadder
Posts: 6,234
Price: 0.355
RE: MayanToday 22:17
"Difference straight away with Itumbula as opposed to Tai-3 for starters is that Tai-3 experienced up to 6 times elevated helium shows in just Lower Karoo and basement targets compared to Itumbula which demonstrated OVER 20 times elevated helium shows in not just Lower Karoo and basement, but the Lake beds formation and Red Sandstone group.
Also note the word consistently was used which wasn't at Tai-3 :-
"Elevated helium shows, over twenty times above background, have been consistently measured"
Secondly, they state they encountered frequency and concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and
concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and concentration at depth. So straight away it sounds to be like it could be much more highly charged than Tai-3.
Thirdly, we know of the problems they encountered with drilling there which has led us to here, and today's RNS reads that everything went to plan, no issues were reported.
Whereas at Tai-3, they encountered a fracture while drilling into the basement, with losses of drilling mud etc etc.
Fourth, they encountered this at Itumbula :-
"An increase in temperature was also recorded which suggests the movement of deeply sourced fluids migrating along the fault, which is likely liberating the helium." .....which wasn't the case at Tai-3.
And fifth but most importantly this :-
"In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement."..... again nothing like this at Tai-3.
So today's significant update is quite literally a game changer and why I expect results from this well to blow the doors off. And don't forget Lorna said in the interview today that the over 20 times shows will be diluted through the mud shows so the wireline logging is likely to show the figure to be way above 20 times.
This therefore would imo confirm Itumbula to be commercially significant on a global scale"....