HE121 Dec 2023 10:16
Noble, a professional outfit doing it right, up 10% today!
Noble Helium completes wireline logging and sampling at Mbelele-2.
Multiple data points throughout the drilling campaign pointed to a prolific helium system: a probable 10-15-metre column of nitrogen and helium at the crest, helium-rich downhole samples calculated at 2-3% helium in exsolved gas, and helium-rich gas bubbles in the drilling mud at multiple depths.
The total net reservoir thickness of 163m compares very favourably to the 47.5m net reservoir encountered at Mbelele-1 in the upper and middle lake beds and is significantly greater than the pre-drill estimates.
Since gathering the original air-contaminated Mbelele-1 samples, Noble Helium has undertaken work with the University of Queensland to assist in calculating the air-free helium concentrations and can advise a company-estimated air-free helium percentage of the exsolved gas of between 2% and 3% across all samples at Mbelele-1.
A professional outfit who know what they are doing, unlike HE1 a bunch of incompetent clowns!