Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Well LG...we can only go on past readings from Tai1. However funny how this link shows graph stating 2.5 to 4.2!
David Minchin, CEO of Helium One, commented: “We are very excited to have identified the presence of helium in drilling mud from very shallow depth. Drilling will now continue to the base of the Lake Bed Formation at which point we will run wireline tools to obtain more detailed formation evaluation. Although concentrations of 2.2% He are encouraging indicators of free gas, it is important to note that a helium show is not evidence of commerciality and further evaluation is required by wireline logging to confirm any potential pay zones. It is also important to note that gas concentrations encountered in mud logging are qualitative rather than quantitative and in-situ grade may be higher or lower than what is measured.
Read more at: https://www.tanzaniainvest.com/mining/helium-enriched-gas-rukwa-identified and follow us on www.twitter.com/tanzaniainvest
Understandable that they will not act like DM, keeping it all under cover for now, I think a bit of buying over next few days could see break through 6p and test 7p on drill resumption.
1500m to test and i remember Mike Ops Director clearly mentioning measuring helium when he did his presentation, which be in the drilling mud. Game on imo.
Https://www.youtube.com/watch?v=4BKhNgsC35k
Just need the bubbles to be trapped :-)
This is a bit of info on what layers exist, but I would have liked more info on the basement geology.
https://www.extractiveindustries.co.uk/helium-one-appoints-mitchell-drilling-for-rukwa/
Ok, thanks Joe for reply. I was trying to again be logical and not emotional in reading that rns, and even though not mentioned specifically, the fact they have gone past original TD estimates suggests hole integrity is good.
Now why drill those extra 100m?
Logic again dictates that its important otherwise they can wire log now?
Is it fair point in stating that to continue to drill for another 100m is a positive?
Otherwise wouldn't team be eager to move start logging now or ore to Itumbula?
I see it as a positive, its clear that remaining 100m is important!
LG, the QEMSCAN Study is a reminder of the multiple zones that need drilling and testing, a delay should be considered in the bigger scheme of drilling different geology and ensuring hole integrity, the panic by some yesterday is illogical.
Total Gas Resources including Inerts (Bscf)
1U 2U 3U Mean
Lake Bed Fm A 6.1 19.3 52.2 36.2
Lake Bed Fm B 7.5 19 44.5 23.5
Lake Bed Fm C 2.6 7.1 18 9.2
Nsungwe 6.7 17.6 42.9 22.3
Karoo Sandstone 69.2 138.4 253.9 152.7
Weathered/Fractured Basement 4.4 10.8 26.3 13.8
Prospective Total Helium Resources (Bscf)
Lake Bed Fm A 0.09 0.37 1.19 0.55
Lake Bed Fm B 0.11 0.37 1.01 0.49
Lake Bed Fm C 0.04 0.14 0.41 0.19
Nsungwe 0.1 0.34 0.97 0.47
Karoo Sandstone 0.5 1.42 3.2 1.69
Weathered/Fractured Bsmnt 0.03 0.11 0.32 0.7
COS
Lake Bed Fm A 14%
Lake Bed Fm B 14%
Lake Bed Fm C 14%
Nsungwe 14%
Karoo Sandstone 14%
Weathered/Fractured Basement 10%
Helium One Global (AIM: HE1), the primary helium explorer, is pleased to announce the results of Quantitative Evaluation of Minerals by Scanning Electron Microscopy ("QEMSCAN") study on drill cuttings collected from the Tai-1/-1A wells at its Rukwa (100%) project area.
Highlights
· QEMSCAN analysis by RockType has provided information on reservoir quality, mineralogy, seal potential and grain size distribution of entire sedimentary sequence at Tai-1/-1A
· Indicates good to excellent quality reservoir, demonstrating clean sands with very low clay content
· Confirms presence of thick claystone units at Top Karoo Group and Base Lake Bed Formation, as well as multiple intraformational claystone units
· Assists with seismic interpretation away from the wellbore to help identify seismic facies and aid the de-risking of future targets
· Data used to interpret environments of deposition and sediment provenance to better predict reservoir and seal distribution and quality
David Minchin, Chief Executive Officer, commented:
"The identification of claystones within a predominantly reservoir rich and sandy sequence offers potential sealing horizons throughout our target stratigraphy. Claystone units are best developed at the Top Karoo Group and Base Lake Bed Formation, however several intraformational clays also allow the potential for stacked seals to develop within these formations and helium to be encountered on multiple horizons from near surface to basement - as it was at Tai.
"The correlation of claystone horizons to specific seismic reflectors enables us to map the lateral extent of these potential sealing units across to other mapped leads and prospects. Mineralogical and grain size distribution information also allows us to develop our understanding of the depositional model and better understand variation in seismic character to aid future exploration efforts. The HE1 team are already reaping the benefits of integrating this new information with our recently acquired 2D seismic data.
"This analysis maximises the value from the drilling at Tai by providing additional geological data to reduce risk in planning our 2022 drilling campaign."
Huge credibility at stake for the bod especially LB.
Asking myself questions...
With that in mind would you release a tweet this morning reassuring drilling continues if there are problems?
Have we seen Sell trades, as its leaky?
I have to then logically think that if all ok, then there must be still a good possibility that TD is near and hole wire logging close. A TD and explanation that lined ready for wire-logging will be very positive.
"Tai-3 continues to advance towards TD"
https://twitter.com/heliumone1
More likely now rns Monday, I kept thinking about the fact Tanz Government will want to ride any good news, so this is so important that HE1 Bod get this right on announcing as the news will go worldwide. so happy no early rns, they are still formulating rns and imo testing with wire logging or basement is taking longer to drill.
How many with funds will be piling in if it enters 4's? I will for sure :-)
This is AIM the Wild West and its full of traders, liars and gamblers...but you can make fortunes and lose them too. DYOR and keep to a strategy.