RE: the basics - help with 3 questions please3 Apr 2022 02:56
Will we get a rig,? 100% sure, chances are better than 51%..
Luckily they sent an engineer to Houston who won't pick a coal rig ..
Committed, that just means DM is emotionally bound to the idea of drilling, while many here are financially bound to drilling...
De-risked, the biggest risk was lack of sealing structures capable of trapping helium.. The shallow gas show indicated that helium was being produced at a rate fast enough the charge traps not having the best of seals..
Moving 20m, ??
Lets just hope its a commercial working system..
Seismic, they showed some new prospects on a seismic section during the AGM presentation, maybe they are waiting for an independent estimate of the resource size, or just teasing as no details to size or depth..
Even if they found nothing we still have the 3 drills touted for the IPO, and Tai as they claimed the washout ended the chances of a discovery?