RE: Technical drill jargon23 Jan 2024 22:48
@Laura, well it will be good if they give background levels taken from drilling, from the ground, rather than atmospheric, so you know they were comparing changes in the soil.. If they are talking x3 atmospheric then its just soil background levels imo, even x6.. but I am no geologist.
Really you want a gas sample, I guess around 1% there's possibilities if they give pressures that indicate good flow rates, but I don't have a clue there, but Investing Goals might.. He wasn't popular giving real life examples from another helium company, makes you wonder if some posters are here to stifle knowledge
2-3% your probably getting nearer something interesting, more likely to be commercial if it flows well..
If they give samples 4-5% helium, then they are in range of the original CPR, high 4s the top end of the resource estimates, anything above 5% exceeds.. the actual P90, P50 & P10 estimates are extremely close something like 4.2 to 4.8, maybe tighter.. I don't know how such tight numbers give such a big difference in the estimate BCF..maybe computer modelling ? So I guess 10% will blow those numbers out the door..
Do you have those numbers ?
There is a relationship, between the %, flow rate, and the volume of gas achieved, say per hour, per annum... all relates
Since we are likely to be getting pressure and maybe temperatures, rather than flow rates, the BB should be hot discussing those, and their relationship with flow rates
I guess we are looking at the relationship between pressure and flow rates within a pipe, where higher pressure give higher flow rates..
Then