RE: Flowrate11 Jul 2024 22:33
This was announced in the 7 March RNS:
βDrill stem test ("DST") results carried out on the Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% heliumβ
0.5 million cubic feet by day, whilst I am no expert, sounds superb (remembering its Helium and not oil flow which can be vastly different) with those concentrations and without any lift. ππ
Even with this flow rate coupled with the estimated size of resource (Oxford and Durham Uni) this is doing to be MASSIVE. And this is without any artificial lift. Commercial, IMO, is a given, resource, IMO and back up by Durham and Oxford uni studies, makes this a very very tasty investment. π
GLA ππͺππ°π°π°π°π°π°