Commercial ?25 Jan 2024 08:53
Awaiting if it’s a commercial find
Lorna Blaisse, Chief Executive Officer, commented:
"The initial results from the Itumbula West-1 well are very positive. We have encountered elevated helium shows, as the team had anticipated pre-drill, all the way to Basement. The wireline logs are the crucial next step in identifying which intervals we will test and sample for further evaluation.
By running an image log this time around in conjunction with a full logging suite, and having the well test equipment on site, we are able to fully evaluate the helium, and hydrogen potential in this well and establish whether we have a viable helium and/or hydrogen play