RE: Noble Helium Lab Results11 Feb 2024 15:28
Reserved.
I have more than a strong suspicion that HE1 are holding back on the size of the prize that they have encountered at Itumbula.
Do your own research and you will find that NOBLE HELIUM ONLY DRILLED SHALLOW WELLS on both Mbelele 1 and Mbelele2.
In a nutshell what that means is that they only drilled the top three levels of strata - those being the Upper Lake Beds, Middle Lake Beds and the Lower Lake Beds and the results from that have been nothing short of astonishing.
Concentrations up to 2.46% Helium.
Standalone shallow gas cap (10-15M) free flowing to the surface that looks like it can be monetised with little capex.
Mbele1 - Now 3 X the Helium reservoir thickness
Mbele2 - Now 2 X the Helium reservoir thickness
(Net reservoir thickness for the two wells now sits at 148m (Mbelele-1) and 271m (Mbelele-2).
They also confirmed high porosity and permeability across the two reservoirs.
Off take agreements are also ongoing
Helium 1 by comparison drilled MUCH DEEPER to a depth of 961M and they not only WENT THROUGH THE LAKE BEDS strata that Noble Helium drilled into but THEY ALSO WENT MUCH DEEPER - and through the NUSUNGWE, GALULA, KAROO and down into the Top Basement.
# The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% Helium
# Hydrogen also flowed to surface during Basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels
More than happy to wait for our very own detailed numbers.
Dyor.