Joe80 a question for you.
He1 are working in Tanzania
PRD are working in Morocco
Both drilling roughly to the same depths
HEI using there own rig
PRD using the Star valley third party rig
HEI drilling costs are 3 times that of Predators
Any answers as to why ???
RCMPMounties if they have plans to re enter TAI3 and drill into the basement then they will have to raise funds.
Any Exploration company will look to raise funds ahead of a drilling result.
If the results from Itumbula are poor then they wont be able to raise funds for TAI3
If the results from Itumbula are good then they will be able to raise funding.
Is the company prepared to take the risk,
Joe80 im guessing you know the drill targets.
The Lake Beds where Noble found a seal and trapped Helium is not a target for HE1
The Lake Beds were untrapped and dry at TAI3 and not expected at Itumbula
Its certainly not complicated. The company needs to discover trapped free gas in sufficient quantities and concentration of Helium to be commercial. That requires an effective seal.
Why do you think Itumbula wasnt their primary location. ?
TAI3 was the location where they were most likely to discover an effective seal and hence trapped free gas.
They found neither,
Based on the fact that TAI3 was the company's most favoured location to find an effective seal and hence discover trapped free gas. However they failed to find an effective seal and trapped gas.
Itumbula has gas seaps all over the place, therefore logically there isnt an effective seal as if there was you wouldnt be seeing all the helium seaps.