RE: MSMN Vs HE129 Apr 2021 14:48
MSMN market cap = £5 million ..... This is the next 10 bagger!
DO YOUR HOMEWORK! YOU WILL THANK ME LATER!
EP-145
Permit EP145 contains proven hydrocarbon resources in traditional post-salt plays and there is evidence from seismic of large, pre-salt structures with the potential to hold significant resources of helium and hydrogen in addition to natural gas. Operators of adjacent permits EP 112 and EP 115 have identified large prospects including Dukas and Zorba (ref Central Petroleum Limited).
Until relatively recently most of the Helium resources were supplied by the US, however, Australia is currently one of the leading producers of Helium, producing 3% of the world's supply and holds significant potential resources to expand production.
The Bayu-Undan gasfield located offshore in the Timor Sea is a source of Helium to the LNG plant in Darwin. The Helium accounts for 0.1-0.3% of raw feed gas and after processing comprises A grade liquid Helium.
Two wells have drilled into the older Proterozoic stratigraphy of the Amadeus Basin and both have encountered naturally occurring helium gas. The first well, Magee-1, drilled in 1992 flowed gas containing 6.2% Helium from the Heavitree Quartzite which directly overlies fractured grantic basement. A second well, Mt Kitty-1 drilled in 2014, encountered gas within fractured basement, containing up to 12% Helium. These extremely high concentrations are amongst the highest in the world to date.
Helium production has been primarily associated with natural gas production these high concentrations observed in the Amadeus Basin may be sufficient to enable helium extraction independent of natural gas (Waltenberg, 2015).
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