The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Helium One is currently working towards an EWT in Q3 2024 on Itumbula West-1 in order to confirm flow rates and the fluid composition. Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. The Company has already approached vendors regarding such facilities and will be working closely with them over the coming months
Sidetrack or horizontal, that will multiply pobd ,
About KON-11 and the Kwanza Basin:
As previously announced, KON-11 is considered a brownfield development and includes the historically producing Tobias field, drilled, and developed by Petrofina in the 1960s and 1970s, and inactive since the late 1990s. The Tobias field constituted 12 historic vertical wells, and Corcel and the operator believe that a revised interpretation of the existing structures along with the application of modern drilling and completion technology, including potentially adding sidetracks or horizontal drilling to the Field Development Plan ("FDP") will lead to a higher Original Oil in Place ("OOIP") figure recognized in the reactivated field and subsequently more producible field resource potential.