RE: I dont want to sound negative7 Feb 2021 16:58
My understanding is the traps have already been identified when they reprocessed the 2D, the infill is to narrow down to the sweet spot.
He1 has completed the seismic re-interpretation with over 900-line kilometres of newly reprocessed 2D seismic originally shot in the 1980s. Reprocessing was carried out by EarthSignal in Calgary and the resulting data is a step change in quality compared to the vintage data. This has enabled He1 to significantly refine the interpretation compared to the previous mapping.
The Airborne Gravity Gradiometry (AGG) and magnetic survey acquired by He1 has provided critical structural insights, assisting the seismic reinterpretation by providing significant guidance on the orientation of faults. The new mapping has reaffirmed the previous prospectivity with a greatly improved sub-surface resolution.
As a consequence He1 has identified new prospects and leads, and gained an enhanced image of the previous high priority targets that were the basis of the 2017 Competent Persons Report by Netherland, Sewell & Associates Inc. ("NSAI") previously announced with the acquisition of Solo's interest on 22 March 2017. Some of the high priority targets in the central area at the Karoo Sandstone level have associated seismic amplitude anomalies and overlying soil helium anomalies. Other identified prospects present risk independent plays that may, with limited further work, merit drilling.
The reinterpretation is still ongoing and volumetric analysis has yet to be finalised; however, it is now possible to indicate that there are a number of commercially significant independent traps
https://www.lse.co.uk/rns/SOLO/update-on-helium-one-investment-b0t8m20tgdwnyjl.html
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