RE: Excellent!!!! Onwards and Upwards!!!!1 Jul 2024 07:43
Highlights
· On track to deepen ITW-1 well and commence EWT in fault-fracture helium play in July
· Company-owned rig is on-site and ready for third party services to rig up ahead of spud
· Acquisition of well control equipment to complement drilling rig
· Appointed experienced drill crew for EWT operations and personnel mobilisation underway
· Long lead items arriving at site for July spud
· Remobilisation of camp personnel and medical support to site
· Contract executed with global technology company, SLB (formerly Schlumberger) for provision of cementing, drilling and completion fluids services, and surface well test equipment and services
· GeoLog International BV ("GeoLog") contracted for mudlogging services
· Laboratory results of helium samples from ITW-1 are consistent with measurements made by onsite field PVT laboratory
· Second phase field work of ESIA study required for feasibility study ready to commence
· Feasibility study and subsurface modelling underway ready for integration of EWT results ahead of Mining Licence application