Member Info for OLADAPO007

He writes in the style of Titanasaurus 100%! Just desperate to cause a slide in the SP.

Saying he doesn't know how to progress with the Helium find wasn't really helpful!

He also mentioned an oil play. My suspicion is that he has found a play somewhere on shore in Nigeria where the government has prioritized the security of oil pipelines!

Ras Lafan just attacked. Helium shortage?

Missiles caused ‘extensive damage’ in Qatar tonight hours after Iran threatened to wage a ‘full scale economic war’ by attacking energy facilities across the Middle East.

People filmed huge explosions erupting in Ras Laffan – the world’s biggest natural gas plant – in Qatar. Other strikes rocked Saudi Arabia’s capital Riyadh.

It came after Iran issued an evacuation ‌warning for several oil facilities across Saudi Arabia, the UAE, and Qatar, saying they would ​be targeted by strikes ;in the ​coming hours;, Iranian state media reported on ⁠Wednesday.

The warning was directed at Saudi ​Arabia’s Samref Refinery and Jubail Petrochemical Complex, ​the United Arab Emirates’ Al Hosn Gas Field, and Qatar’s Mesaieed Petrochemical Complex, Mesaieed Holding Company ​and Ras Laffan Refinery.

Well, I see your point regarding compartmentalization . The truth here is that the wells are cheap to drill and the ROI on each well is a justification for further drills given the price of helium.

Fair enough if you decide to sell. Sad that the 3d seismics would take a while to approve as it is probably important in the scheme of things, but the fact that they have been drilling blind and have been able to come up with 5 over pressured wells must count for something!

From Perplexity:

Yes, Topaz's exceptionally high helium grades (8–14.5%) can potentially deliver comparable or superior ROI to conventional porous helium fields, despite zero matrix porosity, by offsetting higher drilling density with richer gas streams and lower processing costs.

Grade vs. Porosity in ROI Drivers

High-grade helium like Topaz's slashes separation costs, which dominate helium economics (often 60–80% of OPEX). Conventional fields like Cliffside (1.8–2% He) require massive gas throughput for the same helium output, while Topaz needs far less volume—reducing plant size, energy use, and CO2 emissions.

Key Economic Offsets at Topaz

Rich gas stream: 85% marketable (He + CO2 + He-3), vs. nitrogen-diluted fields needing cryogenic separation; CO2 byproduct adds revenue via carbon credits.

Natural flow, no frac: Cuts well costs vs. stimulated plays; high bottom-hole pressures (145–151 PSIG) support long-lived production.

Proximity advantages: Minnesota infrastructure (power, roads) trims capex by 20–30% vs. remote fields.

​

ROI Comparison Scenarios

Factor Porous Fields (e.g., Cliffside) Topaz (Fractured, High-Grade)

Factor Porous Fields (e.g., Cliffside) Topaz (Fractured, High-Grade)

He Concentration 0.5–2%

8–14.5%

Wells per MMcf He 1–2 (large drainage) 3–5 (if compartmentalized)

​

Processing OPEX High (dilute N2) Low (concentrated, dry)

​

Net ROI Potential 15–25% IRR (mature) 25–40%+ if connectivity holds

Compartmentalization risk means more wells (higher upfront capex), but Sproule pegs commerciality odds at 65% based on grades alone; mid-2026 economics will quantify via interference tests. He prices ($12+/m³) and US supply gaps amplify upside.

Https://energynow.tt/blog/cabinet-agrees-to-award-of-two-pscs-to-cnoc

Thanks to KeithOZ! He does most of the hand holding on here. I read his interpretation of each RNS before reading the RNS itself for anything he might have have left out but rarely does he leave anything out!

Failed lobotomy probably! All these health care cuts on the NHS aren't helping. :)

Thanks Keith. Greatly appreciated. Your contribution gives one insights regarding what is going on. Kindly ignore the trolls as they serve no purpose to anyone!

The distance the step out wells are being spaced is a major indicator that we are looking at a massive resource reserve. At the moment they are looking at their initial acquisition not considering the extra acreage acquired I believe, when those come on board it would be huge. Did he say 100km away they are hearing stories of 2% concentration? This definitely puts the whole thing into perspective!

£8 probably!

Once formal confirmation comes, then lift off!

Thanks Petermac99, I have read of situations in the past in Morocco where some companies thought they had made discoveries only to realize later that the opposite was the case. This is why I was thinking the flow rates might be important. If however the buying company don't care about flow rates and it makes no difference regarding the consideration then that's fine by me.

Rob, the ITR would be a waste of money and effort if the wells still refuse to flow. Fingers crossed they flow on the drilling of MOU6!

Mrninja,

Pls lay off the poor soul. The NHS cuts as regards mental health spending has really messed some folks up , we need to pity them and avoid direct criticisms of such folks!

If things are potentially so bad here, whty is CTP coming on board?

Definitely not PRD. What would they be bringing to the table to justify such a transaction?

The bid won't be for the whole company, it would probably be for Touchstone owned blocks in Trinidad!

Probably better we drill to extract max value if Ital could be believed. They probably would have to drill the other wells for proof. I guess this is just for natural gas. After this , they need to let us know what is happening with the triassic and helium.