The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That may well be true Crusty, but the fact ARA completed the deal post 3D and did not pull out speaks volumes, after all they could easily have done so if they did not like what they see.....
Guess we will all know soon enough, once the CPR is delivered.
RNS Number : 9059T
Helium One Global Ltd
20 November 2023
· On completion of rigging down at Tai-3, the Company's drilling rig will be moved to the new Itumbula location where the iron rough neck and hydraulics will be repaired
· Upon completion of the repair and maintenance work, the Company plans to continue the drilling campaign
Once Tai-3 has been rigged down we will move the rig to Itumbula where our primary focus will be on repairing the Predator 220 rig and, armed with valuable information and data gained from Tai 3, moving onto our second well of this drilling campaign on Itumbula."
Oh and just to add, that is if there is any rain at all. The rainy seasons have tended to be very dry of recent years, so much so that that Tanzania has had to increase gas to power production above forecast to off set the LACK of Hydro electric power production.
Toodle Pip.
Having been invested in O&G drillers in Tanzania who have drilled during the rainy season. I can assure you that provided the PAD is built and the rig and services are in place before any rains, then rain is no obstacle to continued drilling. The only issues from rain are around access to remote areas, so the rig and associated equipment needs to be in place prior to any rainy season.
GL
4.5p to 5.6p
https://tinyurl.com/mry7pu7
Gaps must be filled.
Stop with this Duster Rubbish, if it was a duster the RNS would read that the well will be plugged and abandoned, the RNS states very clearly that the well will be cased and suspended for future operations.
Beware peeps peddling bull folks.
Downhole fluid samples successfully recovered from reservoir intervals in the Upper and Lower Karoo Group confirm the presence of helium
· Complete wireline logs and initial petrophysical analyses demonstrate good quality reservoir sands in the Upper and Lower Karoo Group, interbedded with well developed shale prone seals; data recovered demonstrates a stratigraphic section, previously undrilled in the Rukwa Rift Basin
· Onsite pressure-volume-temperature analysis of downhole fluid samples have yielded helium concentrations up to 8,320 parts per million ("ppm") helium, which measure significantly above normal background levels of approximately 5ppm
· No Basement downhole samples were obtained as the wireline tools could not be run past 1,430m measured depth ("MD") due to washouts and ledges
· Tai-3 well has now been suspended for future operations that will involve drilling deeper into the Basement target, where an increase in helium shows were encountered whilst drilling
· Information and data obtained from the Tai-3 well results have provided a much greater understanding of the active working helium system in the region and a new well location on the Itumbula prospect has been identified as a result of these findings
· On completion of rigging down at Tai-3, the Company's drilling rig will be moved to the new Itumbula location where the iron rough neck and hydraulics will be repaired
· Upon completion of the repair and maintenance work, the Company plans to continue the drilling campaign