Helium discovery?25 Jan 2024 07:03
Itumbula West-1 well successfully reached a total depth ("TD") of 961m measured depth ("MD") in Basement on 24th January 2024
· Elevated helium shows, over twenty times above background, have been consistently measured whilst drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets
· Helium shows increased in frequency and concentration across the encountered fault zones
· The well has also encountered elevated hydrogen shows, over two thousand times above background, in the Lake Beds Formation and sufficiently elevated in the Karoo Group and Basement
· Wireline operations will now be run for formation evaluation, followed by drill stem testing ("DST") across the faulted zone and additional zones of interest following full petrophysical evaluation of wireline logs