Member Info for dai2belts

Water Wells ?
"Drilling of the shallow traps will be cheaper than testing deep targets and could potentially be conducted using a light-weight water-rig, or similar rig capable of producing a stable hole"

Noob67, plenty of questions, you spotting Mondays 70m volume while elsewhere showed 50m persuaded me to download the days volume 50m plus 40m amended/cancelled, next time I see such a discrepancy I will pay attention..
SeisPro, yes once drilling recommenced I topped up betting on them drilling to at least the base of the river bed and possibly another drill at Kasuku, thinking they could be drilling Tai-2 while laying the pad..I do wonder if any of the other sites pads were prepared..
Conspiracy theories hey :)

I think Spudton is asking all the right questions, for me it adds confidence since ST is able to answer them.
Spudton was the one to highlight the post production valuation, which was great for adjusting my expectations

Thanks Glib, I have taken a copy of that..

Nice to hear from you, Seispro and appreciate the post :)
Just been looking up the reverse strike/slip fault. I will need to think about that, but I guess it could be a leaky fault and all the layers appear continuous?

There is a lot of info in the last RNS...
One of many questions in my mind is why they never tested or even mentioned preparing a pad for any of the planned sites, especially with drilling planned until November. Plus for a shallow drill Kasuku's Karoo target looks close to, even above 750m..(page 12)
The 3 original phase 1 sites, most of which are probably considered deep drill are south of Tai, but phase 2 suggests a move North...and new infill seismic surveying may be needed as it was not included in phase 1..
From RNS
"The identification of a 130m thick sealing unit at the top of the Karoo Formation.........
The Top Karoo seal is predicted to be best developed away from the basin margin, encouraging us to focus exploration efforts on improving resolution over ALREADY IDENTIFIED Falcon Gravity Gradiometry targets to the---- NORTH------ of Tai and Itumbula structures."

"· New 'Deep' structural targets beneath well-developed 130m thick Top Karoo seal can be investigated by 2D infill seismic on defined gravity targets "
Map on page 11, is worth a quick looks, I am assume the black arrow points north, towards Ivuna

IMO next year for the deep targets, preparation from now..
But maybe next year will be a mix of southern and northern sites????

http://www.helium-one.com/wp-content/uploads/2021/05/21-05-06-Helium-One-Presentation_May21.pdf

@Bladely, I am interested in your chart, could you provide some details, if its not too complicated.
No worries if it is..

lol, I am sat here waiting and you have already posted it :)

Well I was planning on trolling, so while your thinking I am going to do my worst,, Mmm 4p
The last RNS could be posted alongside Syme's

They missed hitting the 2% show second time round, ...
"Current seismic data does not accurately resolve trapping styles at a shallow depth. Helium One is therefore reviewing several alternative low-cost geophysical techniques to test over known structures in the Tai area, before deployment over a wider area in the basin. "
So Phase 2 looks like its going to be exploration enhanced with new data, with the possibility of separating deep and shallow targets, using different drills. Yet to be decided. Just hope they slow down to a maintainable pace., DM looked knackered with eye frequently twitching and stuttering way more than normal..

keithOz, dont forget part 2 :)

@ITV pay attention to the details, leg work..
https://www.youtube.com/watch?v=wIbeGQp0cm4

@ ITV, chill out with these guys
https://www.youtube.com/watch?v=zpvv81988v0&t=14s

No shares available,
Recently I was unable to buy a share for well over an hour, then the price ticked up and the sellers arrived.. I bought only for the price to gradually drift downwards, and 2 weeks later I am still waiting for that price..luckily its a long play and I was averaging up..
MM games maybe, who knows??

I am no expert, but will have a read and listen to the interview later..
Not paid too much attention after the vagueness of the Tai-2 RNS, which they seemed to complete in about the same time it took to bed the conductor casing for Tai-1, sulking I guess ;)

But I guess they are going to survey, analyse and start afresh with more knowledge and the right tools for the job.
They did say plan b was learn, re-calibrate grey matter then Rukwa2
Not sure if the water drilling is surveying or attempting to make a find or a bit of both, or just an idea..

@ITV
Pitty you cant get a LSE freebie for green boxing..
Keep smashing the trolls
https://www.youtube.com/watch?v=H7LxFgjnBdU&t=19s

The story was the first site drilled was added to provide data to enhance knowledge before drilling the next/others.
Only days ago they mentioned moving to a shallower site. One of the original sites deepest targets were less than 800m and there were 2-3 months of weather still good for drilling as indicated by the project plan. I think the sudden ending of phase 1 was what caught the more experienced out. It was touted a 3 drill project, only 1 site was drilled, none of the originals..

Thanks ST, appreciate the info, makes me think its worth adding..

Yes, I got spiked here so will have to hang around,. They put the price up when I buy..

Thanks Bladey :{
I have learned Its worth keeping an eye on trades, Mondays final volume ~50M but downloading the days trades from London Stock Exchange there were ~90M, 40M amended and cancelled.. :{

I will be happy with 7.5p, especially around the spud :)

@SGF, All good thanks :) I managed to take a small profit, and learn lots I hope.
Odd they completed Tai-2 drill&testing in about the time it took to set the conductor casing the first time !?
The good news, this is my 3rd high risk share, so 3rd time lucky :)