RE: HUSSAR In-situ Values6 Jan 2025 01:56
So much stuff to google ...and its not so easy to search anymore, hard work these days..I don't know too much just took a look after reading your post..
I read Peek were apparently removed.. But if they were carrying the others I do wonder..?
Looks like Santos and CP are still interested in another drill at Mt kitty.. It's a basement fracture play, so no reservoir. I think they previously tested 4 fractures with different results, one giving the high Helium & Hydrogen figure,.. I guess the deeper you go the more fractures will be encountered, and the greater the chance of combining the flow rates, and maybe the mix of gases..
What it all proves is that there is a Helium system in the Amadeus basin, whether GEX strike it lucky is another question..
The interesting thing is the potential resource estimates are much greater than He1, both Officer and Amadeus individually are greater than He1's original P50 138Bcf. That 138Bcf estimated against sandstone reservoirs which they have not found yet.. Their current discovery is also from a fractured basement, which they deepened when they returned for the planned extended well test ??. Not from free flowing gas though, but from exsolving the gas from water... Yet the MC sits at £60m, and far exceeded £100m announcing their discovery with little detail.
That suggests this could be a multi-bagger, but its AIM so who knows
Some other comparisons but I wouldn't trust my figures as it is late ...
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He1 naturally flowed a max rate of 834scf/d, @5.5% he sustained,( but gave modelled figures suggesting 6000scf/d)
Hex, whole well, reservoirs and fractured basement flowed 2,750,000scf/d @1% (30mcf/d)
Kitty, flow test interval 2, flowed a max 530,000scf/d @6%He(32mcf/d) dropping down to 420,000scf/d @ 9% (38mcf/d)
I think 9% is correct for that rate...
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