Member Info for Stally092

Main aim is this appraisal well, no further drilling will take place until they confirm the Helium in the ground and build the infrastructure.

The results of this will help them with their field design and feasibility study. Plan is to fast track everything from that point, but not expected to see any production wells drilled until later next year (Q3 2025 current schedule).

This appraisal well is big.. obvious risks if they don't find commercial quality Helium, but if they do we will all be very happy shareholders with nothing but good things to look forward over the next year :)

From the RNS dated 23 April we know we're in the queue, so all depends on when the rig becomes available.

With regards to the drill time, the appraisal well is going to target all 4 formations near the Hillison #1 well, with an approximate TD of 8000ft (2500m). Per their AIM admission document, this will take around three weeks to drill with a further month for flow testing.

With flow testing mapped for Q4, I would imagine they had drilling in mind to commence around late-August/early-September - so a bit of patience may be required on this one! :)

Yeah, hoping for good news as you say.. I was very tempted to top up on the end of yesterday's low, but the batch selling throughout the day really put me off.. as Jrl said, just smells a little leaky!

It could just be an II or similar pulling out, but does seem unusual when news is imminent.. wouldn't give it a second thought if we weren't this close to news. Regardless, hoping for good news and wouldn't be surprised to see an RNS Monday morning, and hopefully a positive one at that! :)

Agreed, lots of distributed sells on the books today. If something had gone wrong though surely we would have known about it by now, they would have hit TD a week or two ago?

Coming up on 4 weeks now since spud.

Looking at historic drilling updates, it usually takes around 10 days for them to hit TD, with a few extra days in this case for the horizontal. No news at this point seems extremely positive and suggests testing flow rates is in process - which usually takes around two weeks, so expect there to be an imminent update, latest early next week? :)

Great news :)

2nd week of July it is then!

"We can now look forward to commencing the highly anticipated production test over the course of the next fortnight." - sounds extremely positive too! :)

Pretty much word for word from this article.. except it says Monday, not Friday in the article hah!

21.08.2023, 13:10 - [LINK REMOVED]

Also, jumped in on this stock this week, after plenty of research and due diligence, I'm sold on this one's prospects!