HE1 vs Peer [at the same Rukwa, Tanzania]26 Feb 2024 11:56
Noble Helium is the peer in the same helium province at Rukwa, Tanzania.
On 12 Feb 2024, MST issued a broker note for Noble Helium of Australia, a NEIGHBOUR of HE1, Rukwa. Tanz.
MST broker note was entitled: "Significant lab results, FLOW testing next. NEED TO KNOW: Helium concentration 2.46%. Etc."
Comment: I have not yet worked out the note in £ yet but suffice to say, it is days old. Noble Helium's Mbelele well did NOT go to the BASEMENT of the BASIN [Karoo] and the helium did NOT FLOW TO SURFACE. HE1's helium FLOWED TO SURFACE at 4.7% and was drilled to basement. EVEN BEFORE FLOW TESTING AT NOBLE, the broker has issued a note with a target price. There is a DIFFERENCE --between--FLOWED TO SURFACE & NOT flowed to surface. Yes, No?