Member Info for dai2belts

If you are in near placing price then you have cheap seats for Gobi..

That update is obscure, not reassuring

Mmmmmmmm, not sure about this update, but I read as they did not flow test..

Work on the Heron-1 discovery well has been completed with the down-hole pump installed ready for production following a successful reservoir stimulation programme.

The well was found to be in good condition and the perforated zone from 2834m to 2846m in the Lower Tsagaanstav Formation from which the well flowed at 821 bopd on test was successfully isolated and hydraulically stimulated. ( flow test sounds past tense ??)

Pressure responses observed during the stimulation were consistent with a successful operation and oil was observed during the subsequent recovery of the stimulation fluid (sounds like they have not flow tested)

All completion equipment has been demobilised and the well site prepared for the installation of production facilities.

So Kev sold and Horult held, and I was busy so missed the action...

Mmmmm, chart suggests the gap up was sold into,

Had to believe it broke 5p when it was announced the work over could finally be done, now its done just about 3p....

The recent well is ongoing, they flow tested, then decided to try and clean it up more with acid, ??

Gex, listening to their interviews I did'nt pick up on any unproven methods, I guess your talking about drilling..?

If they don't farmout then it could be a raise, or maybe no helium

Thats FOMO, its a long way back to placing price..

How can it rightly re-rate, nothing has been proven yet, even if the well flows it may not be enough to feed a plant of scale unless another well or two a drilled...

But is this a herd driven pump where it hits the peak before results are revealed.

Yesterday there appeared to be large buys at each tick up, so big buyers frequently buying top of the trend rather than the dip or mid price. Today I have not looked, as it's way above my price. Missing out, but GEX reminded me how quick your losses increase

Missing the excitement of being in too..

Fingers crossed Matd, then PANR, GEX, and Zephyr takes us into next year on a nice little run

GOLD

https://uk.investing.com/analysis/why-gold-rally-could-halt-at-current-levels-200613547

I think they are looking at a JV, but a placing would be nice for bottom feeders, as cheap seats with an almost guaranteed drill to watch

I asked on the BB, got some useful info, but not to why they are dangling wire-line gear down the hole..

I am going to assume its to operate the packers that segregate the testing zones,

I just don't know why Mike doesn't do the tech stuff, maybe because he usually gives something away

There will always be another ;)

Zephyr

======

• Proven, undeveloped helium gas cap with high helium content (1.4 to 1.7%)

• Strong offset data demonstrates productivity of helium reserves

• Upside through oil and natural gas potential

• Experienced operating team with decades of basin knowledge and control of local services and infrastructure

• Estimated drilling in 1H 2025, with a production test in 2Q/3Q 25 and est. first sales in 4Q26

• $9 million includes contingency and testing. Dry hole costs would be significantly less.

• $58mm base case NPV-10 (50%+ IRR) with upside NPV-10 of approximately $120 million

Helium Drill next year............

---------------------------------------

• Drilling of State 36-2R complete

• Production test and analysis of State 36-2R underway

• Potential to accelerate legacy workovers on 28-11 and 16-2 for commercial sales and scale

• Potential to engage with farm-In or strategic partners to help fund larger scale project

• Complete gas marketing agreements and build out gas processing plant infrastructure

• Future drilling to test overlying reservoirs and continue to delineate acreage

====• Salt Wash Farm-in and helium potential

=====• Potential to drill the Salt Wash well - 1H 2025

------------------------------------------

Page 11,

• Proven, undeveloped helium gas cap with high helium content (1.4 to 1.7%)

• Strong offset data demonstrates productivity of helium reserves

• Upside through oil and natural gas potential

• Experienced operating team with decades of basin knowledge and control of local services and infrastructure

• Estimated drilling in 1H 2025, with a production test in 2Q/3Q 25 and est. first sales in 4Q26

• $9 million includes contingency and testing. Dry hole costs would be significantly less.

• $58mm base case NPV-10 (50%+ IRR) with upside NPV-10 of approximately $120 million

------------------------

https://enercomdenver.com/wp-content/uploads/2024/08/Zephyr-EnerCom-24-V12-FINAL.pdf

Interesting info thanks ..

Dollar

https://uk.investing.com/analysis/fed-hawkishness-should-help-arrest-the-dollars-slide-200613543

@Joe,

What's the set up they are showing, looks like a tube suspended by wire-line going down into the well..

Jrlomax,

BOP , bright red thing

https://x.com/Heliumone1/status/1820705013636760054/photo/1

Christmas tree

https://x.com/Heliumone1/status/1826186469376987412/photo/1

No, took my profit early, more than pleased, and just enjoying being bored..

Probably the 1st time out before spud, and sat waiting for hiccups, if any..

I did'nt expect it to break 1,5p, during each de-risking stage..

lets see f I get caught next raise

Thats when I first bought BP..

Its odd that phase 1 they did'nt feel the need to use a BOP, then now drilling the same gas to the same depths they do, for a hole just a few inches wider.. Makes me think one of the world class teams belongs in a circus but I don't know which one, but maybe I am the clown :)

Lucky I am too dull to panic sell lol

The bop was fitted on re-entry to the well, and looking at the photo it would probably be visible in todays photo. Todays suggesting the tree is fitted, and ready to flow gas.. Previously they posted photo of tanks ready for EWT, so I guess they are connected to the tree..

The wire-line truck is a puzzle due to my lack of knowledge, but He1 did mention the uses of packers and tube to control which zones are under test.. But I Don't Really Know hhmmm

https://x.com/Heliumone1/status/1820705013636760054/photo/1

Christmas tree

https://x.com/Heliumone1/status/1826186469376987412/photo/1