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I’m sure this will probably be ignored, but could people just give it a rest for a little bit. People have different opinions on things and different agendas. Fine. Repeating the same things with petty insults just gets a bit tiresome!
Spud tomorrow is my guess!
Ah ok, my understanding was that it would be 4 weeks from sample being sent, so if TD takes say 2 weeks, that final sample would be 4 weeks post TD. Probably incorrect and happy to bow to others wisdom
All the fear about a pre drill placing seems a little bit odd. Whilst I agree that they will need to raise at some point, I think this time will be after the drill is in the ground. They will say they have had some Helium shows on the way down, and once they’ve sent the samples off to the lab (4 week turn around) I think that this may be the time they announce their intention to raise.
It makes it at a point where the SP will be high and anticipation of results should help displace too much drop as a result of dilution.
Appreciate people thoughts on this, but to me seems the most logical point to do so to me! Roll on September, going to be a mega month!
I’m keeping the faith in DM and the team. They’ve not exactly had the best of luck with several of the decisions made, but I believe they were made in good faith and with the best information they had to use at the time. If they announce a rig in the next few weeks with a target of q2 I will be happy. Given how long it takes to do any sort of admin in life a few weeks to arrange contracts sounds right to me and lord knows they don’t want another MOU disaster again!
I’m properly underwater here with an average of around 14p so this could be being blinkered however!
Hopefully this will link correctly to a presentation found online. Take no credit for its contents but found it extremely useful to help understand some of the terminology in the RNS.
Good luck all
http://igi.ie/assets/files/courses/NRReporting%20Workshop/Alignment%20of%20CRIRSCO%20and%20RF%20systems-NYoung%20et%20al.pdf
Thanks for getting back so quickly
Ah so this is where my little brain starts to struggle - When you have a system pressing down on top such as water pressure would certainly increase the pressure due to the weight of that body of water - every 10 meters of water equates to 1ATM of pressure increase.
Does the same hold true when looking at more complex structures of heterogeneous material, particularly seals/traps?
In my head, you have a potential for the seal to act a little like an archway that could be ‘bearing the weight’ of the solid material above it, potentially reducing the pressure exerted on the gas system.
*If* the shallow deposit is in communication with a deeper deposit of gas, surely the pressure would equalise between the two systems?
Sorry about my musings/ramblings which may be totally incorrect!
Afternoon all, hoping for someone clever who would be able to clear this up for me and forgive any ignorance I may be showing!
Why is there so much cynicism surrounding shallow drilling? If they find a shallow trap of helium, then is this not excellent news? One must assume that as helium is rather uniquely lighter than all other elements bar hydrogen, the shallow trap could quite easily be fed/replenished from deeper down?
There seems to be a fair amount of dismissal of the water drilling option - why would the team of extremely clever people (and there are several, not just the director) want to waste time money and effort if this option was unlikely to bear fruit.
Sorry if this has already been discussed - I’ve followed for months and haven’t seen a cogent answer to this, though could have passed me by.
All the best