π₯Fracture Basement; Sweet Spot π₯29 Aug 2024 23:29
ο»ΏThe fracture basement is where HE1 believe the sweet spot is for that all-important release of helium !
Testing results of zones at Itumbula West-1 in the fracture basement, which is where the well successfully flowed at 4.7% to surface during the DST, should be finalised this week / early next. FOMO must be kicking in.
Looking forward to the results of the production logging tool. This will give greater clarity on the producing intervals and ultimately flow performance.
If we get anything above 4.7% helium and / or if we get sufficient flow rates, this will go bananas.
Looking forward to this one as we can then see some real upward trajectory with the SP. π
Whilst we will get an understanding of the reservoir conditions, I am unsure if we will get an estimated resource amount at this stage, any ideas? Iβm guessing the latter will come within the latter study. Anything 10 BCF plus will be humongous and set this rocketing. Exciting times ahead.
Monday likely, but Friday could also be a possibility, although Lorna did say the testing would likely last all of this week.
Bring it on !! Exciting times for investors π₯ and worrying times for those who panic sold.
GLA π₯ππΉπ
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