Member Info for dai2belts

@Sinequannon, Not really looked at GGE's share price, just browsed the story of the drill, but need to have a good read..
I would'nt be surprised if nothing is flowed, they say they took qualitative readings 37x background levels, 386ppm, compared with atmospheric levels I think
He1 levels where 22,084ppm (2.2%) He. and persisted at >10,000ppm (>1%), uncalibrated, not sure but think background levels would be established within the mud, would be good for someone to confirm that..

@KevinRound, Nas-k posted an announcement from Noble earlier, read the last page, pay attention to the detail..
I doubt they know any in-depth details, and its probably loose wording, but sure sounds exciting...

Might be of interest, GGE's first pure play helium well updates. Now preparing for flow testing.
In carbonate rather than sandstone, Mud gas returns were subdued to prevent formation damage, a second rig to perform flow testing ?

Announcement links to following from drilling contract. permit approval. spudding to latest update
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gge

@Wasendo, whats your knowledge like on drilling mud.
Along the lines of residual drilling mud sealing a porous section, then over time and dependent on down hole conditions the seal giving way, allowing fluids in the pores to escape..
I suppose whats the chances residual mud creating a lasting seal..

@Wasendo, So auditors check all the paper work related to the rigs condition, not actually certify, test or perform maintenance?
When it comes to certifying that a rig mechanically/operationally meets standards does the certifying person need to be independent from the company that performs the maintenance/up keep?

@IG, He1's £10m fund raise breakdown included 3D, so it was planned post discovery

@Nas-k, something in the detail there(last page) for Skittish, especially since he is assuming Noble knows a little about He1's plans, linking Q3, and rig activities plus that extra nibble.
GGE Red Helium Project, run 4 1/2" production casing for its pure-play helium well..
Remember the Ram specs,,,,
If that nibble is not just loose wording :)

Speculations hey,,,,

Void, Its East V West

CNPC, state owned, able to offer everything Noble desires..
http://www.cnpc.com.cn/en/cnpcataglance/cnpcataglance.shtml#cnpcataglance

BGP Inc
http://talent.cnpc.com.cn/introduction?deptName=Bureau%20of%20Geophysical%20Prospecting%20INC.,China%20National%20Petroleum%20Corporation%EF%BC%88BGP%20INC%EF%BC%89&deptId=224

Looks like Nobel is planning on drilling the two best prospects identified by 3D next year.

3D by BGP/CNPC, China National Petroleum Corp
The Ngozi GEO thermal project is also using a Chinese rig, accessories and training services, Shandong Kerui Petroleum and Gas Equipment Co Ltd"

@Dave, Do you have any links to share so we can read about some of the discussions ?

@skittish, Just for balance as we can only speculate, IMO the resources are combined because they are listed by country, but for Tanzania listed as the Rukwa Basin to highlight the area is comparable to countries., so huge.

Noble suggesting Q3, maybe they just added He1 to their time-line to highlight that other parties in the area are active, and believe in the prospects of commercial discoveries.. by chance they put it in Q3..

Or could be it was considered the most likely quarter for He1 to be drilling, especially with no rig announcement at the time of that presentation, April. We only had 18/19 days left of Q2 when we started drilling last year, things were moving along nicely, and Mitchells were announced in March, so Q3 a good bet, maybe..

Maybe you should do a regular Sunday Column, enjoyed the read..

So ITV I think you can relax, but I tend to lose my bets ;)

DM loves smoke and mirrors
Here is a question or two for you ;)
Are they going to inspect the rig just like an MOT and then make a decision on completing the necessary work.
Are they testing rigs functions, recording the results and then making a decision on completing the necessary work
Are they testing the rig and making good as they go at whatever cost
DM did say something about testing and contracts, but again it was left open to interpretation..
So could be once the rig is finished signing the operator, or the rig or whatever...

Place your bets,
Anyway time to go out for a beer

lol
We are important just like those drill bits, wear them down and replace ;)
Just got to keep enough of us so that the HNW investors know they can shoot their load (just like No 1) after any fund raises..

Always on the bright side ;)

@No1, Fool suggesting a PE of 10 producing helium , on a EPS of 0.01, thats 10= $0.10/$0.01..
I want +$0.10 for the production the next monthly news letter :)

@AP, I recently read an article where a rig plus complete support package was purchased all from the same company.
I suppose like buying a car, and paying for chauffeur and dealership to look after the rest..

But DM has us guessing

DM is playing smoke and mirrors to keep the speculation..saying very little or than the rig is in country.

He said they have "identified" a rig, on its own means nothing really..He could have been more specific..
He has called the 3rd party company Auditors, Inspectors and Investigators, yet they will be stripping assemblies to component level, and rebuilding.. So its big into engineering,

In my experience, so could be wrong..
Auditors check books, accounts, stocks(parts) and procedures etc..
Official Inspectors Pass or Fail, returning after rectification by whoever to inspect again, like your MOT
Test engineers put things through their paces and ensure they work to specification and design
Engineers/Technician tune, adjust, repair maybe to component levels, maybe switching assemblies( a swap bad for good or maybe sent for refurbishment to be returned(long lead item))

There could be a crossover between each as test engineers may decide if a pass or fail, and may rectify a bad. But if an official certification is needed then a qualified inspector is required.
In a garage a technician can repair your brakes, test them, if they are happy you get your car back,, but if they failed the MOT, the work has to be approved by the inspector, so retested.. But most garages have a qualified inspector at hand.

If it is that Predator Rig,
There's £0.5Million in extra accessories (auditor)
Guessing here but if He1 are becoming owners, Maybe checking documentation, operational and safety procedures are complete and up to date(auditors)...
It may need road worthiness and rig certifications (inspectors)
It may need work and regulatory upgrades to pass the certifications( vehicle and rig technicians, mechanical, electrical..., )

Fingers crossed it has been well stored, and was in good shape after its last job..
And we have a specialist(that rig) team for swiftness
.

@IG, There were 4 companies said to be investing in the project, and a number of others that they have met with..So could be companies are taking smaller stakes with this green transition, so maybe more investors required.
It will be interesting to see how much gas goes to China..
I always wonder how they keep a tag on so many countries using the dollar or just foreign currency, especially these days as money does'nt seem to be physically transferred between accounts, so its not like you can scan the serial numbers of each note or know if a country is simply printing(QE).. Now that is a good reason for Block chains and crypto..

@KeithOz, skip to 6min 18sec..
Hired a company to test and strip all of it to component level, could be overplaying it ?
https://total-market-solutions.com/2022/06/helium-one-global-ltd-may-2022/

@KeithOz, Why would He1 perform obtrusive maintenance and testing on a rig they don't own ?
Just a question,,,

I Confused Barrels of oil as in volume, with BOE,
So 8mx 42 gallon barrels is about 45mmcf, uncompressed I guess.
The void being compared with the size of the Houston Astra Dome, 42 mmcf

https://www.beaumontenterprise.com/news/article/Underground-mines-make-cavernous-storage-space-733009.php
https://www.ogj.com/pipelines-transportation/article/17267955/agl-unit-starts-saltdome-gas-storage-cavern-construction
https://www.kylesconverter.com/volume/million-barrels-of-oil-to-thousands-of-cubic-feet