Member Info for dai2belts

I believed the same, and who knows, they may still do it, if the results are really tantalizing.
But imagine the share price knowing there is a seal, also if the sample is say 8%, then everyone is speculating on volumes on appraisal.
Looking at the latest time-line chart appraisal start straight after exploration, so starts in August and finishes November.
Its the slide that is shown while DM describes the exploration drill and testing.. You can enable the transcript, copy and paste it for a read, I am not that good at listening or reading

I think the wire-line testing will reveal if the seal is good, and later the appraisal testing will give the quantities.
The wire-line suite of tests are done after completion of the hole
https://www.youtube.com/watch?v=A4zVkhSXlNw&t=2237s

Its maize...
only joking
Myself and few others pinched some sweet corn from a field some years back, we boiled it for hours, would not soften..
It was maize ;(

@Scott, interesting article..
Looking at the depths, 3900ft=1190m, so about 119m/d. over 10 days drilling
Using Tai's siesmic section the base of the resource in the karoo looks to be about 1200-1300m..
So may be 10 -13 days to reach the very bottom, thats if they go that far, I dont know how far into the target they drill, but I guess its to the base so your extracting from the full depth of the rock?
About 6-7 days to the base of the first target.
(SeisPro provided some figures to estimate the depths)

@Scott
Your right, I believe the other two fields do have sub surface salt horizons, so I guess as long as they intend to drill those fields the worst outcome is to become a LTH while waiting for success in those fields.

Also DM seems to have changed plan B to plan C after the latest seismic survey
Plan A Rukwa, Tai and others(unsure if still all 3)
Plan B, Rukwa, Re-evalute, both field and knowledge;understanding/interpretations,
Plan C Eyasi, and/or Balangida
So I get the impression that confidence in Rukwa has increased

Still the risks are there,. and all we have to go on is the info we are provided

Cheers Seagullsfan, but remember this my first mining stock, so what I post does not have much experience behind it, so you need to verify it and , if possible give some feedback, even if its doubts..

Seals,, back to basics...pulled from the investor meeting
Slide "Helium Play Genesis" @ 17:46
helium/nitrogen gas needs to be trapped in systems which are the same reservoir, seal ,trap structures that you would find in a conventional gas project.
Sedimentary basins have the potential and the capacity to trap and store helium in economic concentrations.
He1 pegged out high-grade helium/nitrogen seeps adjacent to sedimentary basins with potential.

Slide "Tai structure"@ 32:57
"we've got you know nice repeating reservoir seal structures especially throughout the karoo "
"up into the lake beds and even into shallow sediments there's potential for good trapping structure for good reservoir sealed couplers to form"
so it's the stacked HORIZONS which has really helped us to prioritize Tai

@ST, dont trust what I post, nearly posted totally wrong calculations, woke up and found beer induced calculations, to complicated for me, thought DeepBlueDiver had hacked my PC... When I realised the mistake, I knew I had not been hacked.
When I reworked it I got SiesPro Porosity ratio..Now I dont know what to do with it ;)
End of the day, its down to the Drill, and lots of educated interpretations of the data by the He1 team.
And for the posters here, its working the clues to adjust the odds on our bets
And for the individual poster working out which posts are B":":"|"ks, which could be mine..

Gardner He1 trailer Supplier(Admission Doc)..
Gardner Cryogenics is proud to support our helium customers globally by offering and enabling them to cost-effectively move and store helium with near zero loss.
https://www.gardnercryo.com/helium-logistics/

The competition, and maybe modular processing plant manufacturer(speculation)
Linde Portable Tanks
Holding time for liquid helium of more than 48 days at 5.7 bar 30°C
No liquid losses
https://www.linde-engineering.com/en/plant-components/helium-storage-un-portable-tanks/index.html

Speculation
DM mentioned Germany and USA
Linde Engineering Schalchen has been manufacturing premium-quality plant components and modules...
Linde Engineering North America Inc. - Tulsa, Oklahoma ,
Tulsa is also a competence and engineering centre for: Cryogenic plants

@ST
I am keeping both feet on the ground, my excitement is all about having an excuse for more beer based research,, it takes many bottles to work through his posts..
Its a "Must Drink" read ;)
and like I miss out words in my posts, I do the same reading, and make some up too :(

@SiesPro
Truthfully now, are you a paid ramper?
Only joking, its just that your observations are really exciting :)

@DeepblueDiver & SiesProcessor
luckily stumbled on the transcripts, as often not added..
Yes, I struggled looking at the table side ways, holding the side plank position, plus reading and taking notes was difficult.
Too stupid to rotate the screen, hindsight hey..I just forget these days..

oh, I see Gas not Helium, sorry, sometimes stuff does not register, well often, nightmare

From the table..
I worked out the recovery ratio as SRK 0.6364, Inseisive 0.7
then helium content SRK 0.03898, Inseisive 0.047

Then the big assumption, Porosity( i guess its porosity ?)
+Rukwas rift basin is 50kmx300km=50,000x300,000=15,000,000,000km^2
In this instance Assuming a 500m depth of Resource, volume =7,500,000,000,000 m^3
Assuming 100% Gas no rock,
7500000000000m^3=264860 bcf
+ Then using the given total OGIP P50 4842, to find the ratio..
I get 0.1828..
which is Seisprocessors posted ratio for porosity, no beer either, just lots of fresh air and mud today..

My task for tonight, will be structures..this sounds really really interesting(b&*^&*y exciting)..
The two targets at Tai are broad structural ones and not subtle stratigraphic ones, and they're not dependent on salt or seals in the lake bed sediments. Hopefully that's why they're termed 'must drill' targets!
Should be posted every morning "The two targets at Tai are broad structural not dependent on salt or seals in the lake bed sediments"

@seisprocessor, much appreciate,
I got my axis mixed up, you had already explained the Y, so lucky for me you explained both.:)
Just realized how long I have been working through your posts..Takes so many read throughs these days, but interesting switching through the slides and following the logic. So grabbed a beer..
I assumed from the old SRK data we now had 1 target in the lake bed region instead of 2, then took the Red Sandstone(old SRK) target for the karoo target(new data) . And you have both in the Karoo.. MMMmmm..
I cant hold much info these days, and not so sharp noticing changes between docs, I think we are both close. :)
So I will find the right target locations, as I know I have it..
The upper is at the base of the lake bed, and below the red line, so I guess Red Sandstone
The lower target is in the karoo..
I believe above the red line is the lake beds, and above 0.3s is sediments..
Info is in this video, you can switch on the transcript for this one, in my browser below the video there are options to save, share, and 3 dots, the 3 dots have the transcript option which you can copy and past with or without time stamps.
https://www.youtube.com/watch?v=A4zVkhSXlNw&t=1985s
In about 2 weeks I will have forgotten that I have forgotten this..

Definitely a share for II, and Dividends in the future
He described the margins as extravagant and pay back on first plant within 12 months.
I would expect a very good PE with extravagant margins,
I would imagine at least 1 plant in all 3 fields, so jobs in 3 regions and supporting local schools, that will be good for the local economies and investors

DM talks about producing 10-15% of the helium markets supply, with just 3x $50m production plants.
Thats close to $1B per annum..

@deepbluediver
The only clues given were the seismic where the depths can be estimated, and the closure being 5x2km but DM mentioned closure could be a little bigger
"maybe two to three kilometers wide and five kilometers long"

Do you know why the seismic sections do not seem to show the length and width of the closure, to me both the strike and dip sections show similar size targets, but I dont know what the y-axis scale is? not important just interested..

Thanks, DeepBlueDiver
Is the Kasuku supposed be 11.39,
I think initially I was looking at double digits based on the largest resources in the P50 table, then Seispro produced the calculation with explaination, and more details on the depth of the traps. so my Sunday evening of beer and learning was put in my lap..

Using the siesmic details, trap size(depth) and 2 traps, I compared with original Tai OGIP, Recoverable, and He values, and the change in number of targets from 3 to 2.
Assumed both Lake beds were now shown as one target at 1.48 bcf(original)., as only 1 lake bed target shown in seismic. The other target being in the Red sandstone I assumed was still present, but siesmic indicated it was larger than that in the lake bed, so now at least 1.48 bcf, was 0.26bcf, so much larger.. So thats how I deduced 3bcf..but if you add the fact the sandstone target is lager, probably about x1.35 bigger then 2bcf, so you have 3.5 bcf.. but pure speculation, and I think conservative..

I also reworked all the ratios, and also attempted estimating the ratio OGIP to land km^2 using two different assumed resource depths..Good beer fuels the mind. Need another to work out what I did :)
Its probably incorrect but ended up with 3.28bcf, probably pure coincidence.
Just need 10% volume now..

@Deepbluediver, would that be the permeability, and porosity post?
Anything over 2 weeks gets wiped from my mind, so will be a good refresher.
Once I have recovered yesterdays volume escapade, sometimes its better to wait and see :) too many assumptions required for the info we are given..

Its a difficult subject, spent a long time reading yesterday, doing things the hard way, then your posted figures, and Space posting about OGIP, got me on a simpler idea of comparing seispros figures
Each attempt is at a different depth, so 2 depths equals 2 targets..
I also think they are keeping it close, as they could have given an estimated bcf, but they have just left is in suspense.
Another great Monday, keeping some balance to my PF feels like I am being stubborn at my own expense...:)

Nice rise, especially on no news
just checked for an RNS thinking lse had missed the alert,

I often had to make repeated attempts at quote to buy this stock, so if my price came in would cancel my automated order and manually purchase