Member Info for Skippysb01

So examples of actual EWTs for onshore gas wells would be useful. Bridgedogg - if your example is based on something concrete please share.

Please show your detailed calculations? Not in crayon please. And tidy up before bed time.

That's right with the EWT they will be able to state the range of flow rate and other data rather than 'minimum'.

Expect them to work with Baker Hughes for EWT. Any reason why they wouldn't?

Would think the NOMAD has a lot to say about what results they can release. Likely they have more data to publish but without reserves update it doesnt make sense. remember the initial flow figures were for the lowest flow over the DST. Minimum data in the RNS. You can almost hear the NOMAD telling them to calm down and show that rather than a more optimistic but unproven figure.

Waiting is required. This doesnt mean we won't bgetmore news ahead of EWT. EWT could be July.

I was able to find older Avanti market updates on the internet. When they first drilled these wells they had announcement similar to where HE1 is now with Itumbula. They since did EWT a year ago and are now going into production. Since initial drilling g they ha e increased flow rate by c40 x.

Artificial lift always increases flow from what I can tell.

It’s a comparison journey from stem test to production. People should be weeping with joy.

Mmmm skips crisps

Read my research and be dazzled. Dizzy even.

Can't believe I didnt get any love for my extensive if amateur research into Avanti below. Honestly Ive been seething all day whilst you all just responded to that ahole Leematt. You can all go shopping with your wives and if you are a wife you can go shopping with your mums for punishment.

Get with the Avanti comparison or get out. That's what I say.

The target price is at the current level of risk. i.e. before reserve and EWT steps.

You are all just bringing this message to the top of the page when you respond. Now I have done it to try to stop you. Ignore!!!!

Been watching this for a long time. Not currently invested but was a long time ago. Is it not the case that the well test results are not expected until towards the end of the month?

... so Avanti's initial drill on the helium find they are now going into production with .... looked about the same as Itumbula does today. It took them 2 years to get it into production and the flow rate is now about 40 times more than the initial stem test (now including a second well).

Well I think that is relevant anyway!!!!

Avanti were able to confirm a 20 MMcf/d) flow rate with the appraisal well for the same find. This was about twice what they had anticipated as the higher range of outcomes. Gives you a sense of how much more potential there can be with EWT and appraisal.

I don't have time to continue researching Avanti but I guess they were then able to further boost flow and hence get 2 wells to 110mcf/d overall.

A ways to go but HE1 could return a flow rate many times the first stem test but with 4x more pure helium than Avanti. Avanti seems have multiplied the find (compared to where HE1 today) by about 40 times. It has taken them about 2 years to get from initial drill to production. The appraisal well was done in Jan 23.

DYOR - this was a very quick and dirty look at Avanti on the internet.

Avanti first stem test on one of it's wells had 2.6 MMscf/day for 1.1% helium

The Avanti web site is good. You can see what a processing plant looks like. Very modular. Some of that hardware is to remove the carbons.

OK so Avanti have 2 wells so for comparison you can half the 110mcf/d.

Because we have 4.7% helium and Avanti have 1.1% you can multiply our find by a conservative 4 and then there would be another factor because we don't have carbons. This is the type of data we need settled so that we can understand what the EWT outcomes tell us.

Out of interest, how many wells does Avanti have?

RJ is right, need to understand how our specific resource and flow translates into value. Yes we get better value from a 4.7% helium mix and then no carbons, we will likely get an improved flow with artificial lift. All to play for and exciting times ahead. Keep it real too.

Oversold again.

The intraday chart looks like the BRB's vapour trail as his focker chases brok-ken over Normandy. Once he's shot him down he will fly back up and equilibrium will be restored.

Some of you really think it's a market with mm's and traders and stuff when in reality it's the work of kids drawing lines with crayons. That's AIM for you.

And what would you tell those who sell on your 'advice' if the sp then goes above the current price at some point???