Mega news. All system to blow 10 fold.13 Nov 2024 07:12
"The Darwin #1 well at the Rudyard Project has significantly surpassed initial expectations. Helium gas shows measured by mass spectrometer reached a peak of 1,312 ppm, approximately 250 times the concentration found in ambient air. Mud logging identified 330 feet of potential gross pay, including previously untested formations accessed by deeper drilling. Notably, all targets are positioned higher than anticipated, indicating a larger-than-expected structural closure.
"We are proceeding with a triple-combo wireline to further delineate our potential reservoir. With testing also ongoing at Ingomar, we are poised to evaluate our second well concurrently, marking an exceptionally active and promising period for the Company."
Details
Helium anomalies have been identified in Darwin #1 over multiple intervals including:
· Souris River (5,062ft) up to 893ppm (170x background)
· Red River (5,192ft) up to 1,312ppm (250x background)
· Dry Creek (5,258ft) up to 1,006ppm (190x background)
· Upper Cambrian (5,340ft) up to 573ppm (110x background)
Helium anomalies continued coincident to observed porosity to a depth of circa 5,390ft indicating 330ft of gross pay across multiple reservoir horizons.
Target horizons have come in higher than predicted compared to historic drilling to the west. This indicates that Darwin #1 was drilled close to the apex of a broader domal anticline with a larger closure extent than previously modelled.
The Company will now proceed with wireline logging at Darwin #1 to identify reservoir zones for perforation and testing. Testing remains ongoing at Clink #1 with results from first gas analysis to be announced shortly.