RE: Bees and Honey ππ―1 Sep 2024 21:14
βThe Karoo results are very encouraging, especially as we've been able to flow high concentrations of heliumβ7.6%, higher than what we'd previously flowed during the drill stem test earlier this year.
This justifies why that longer flow period with an extended well test is required. It's also important to note that the well has been flowing by itself without stimulation, which is very good news. The subsurface teams are still evaluating all the data coming out of the well, and there's a lot of technical work to do.
We'll be looking to integrate the results of the fractured basement well test upon completion to have a broader understanding of the maximum flow rates, best performance, and important gas-water ratios. These data sets are crucial for determining the project's commerciality.
While we're only halfway through, we're looking forward to making further announcements in due course, but these initial results are very encouraging.β
GLA πͺπΉπ₯π