Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Https://www.wired.co.uk/article/huge-helium-reserve-discovered-in-tanzania
If they RNS anywhere near what they are expecting (or better)
From this level I would expect a 10p opening price,
The figures are mind boggling,
I think that is the problem, as the old saying goes, if it’s to good it can’t be true, gla
Must read, if in any doubt,
https://africanminingmarket.com/tanzanias-major-breakthrough-in-helium/17811/
The next rns will give all the bellow results, could be world class results
A drill stem test (DST) is a temporary completion of a wellbore that provides information on whether or not to complete the well. The zone in question is sealed off from the rest of the wellbore by packers, and the formations' pressure and fluids are measured. Data obtained from a DST include the following:
fluid samples
reservoir pressure (P*)
formation properties, including permeability (k), skin (S), and radius of investigation (ri)
productivity estimates, including flow rate (Q)
hydrodynamic information
Drill stem tests (DSTs) are used to obtain (1) samples of the reservoir fluid, (2) measurements of static bottomhole pressure, (3) an indication of well productivity, and (4) short-term flow and pressure buildup tests from which permeability and the extent of damage or stimulation can be estimated.[2] A DST is run in the open hole after drilling, and is often used in deciding whether to complete a particular zone. The total test duration is frequently a function of hole condition, and the tool assembly must be retrieved from the open hole after the test is completed (see Drill stem testing).
https://wiki.aapg.org/Production_testing