RE: Lorna please RNS the detail lab report.4 Jun 2024 15:20
Surely this is all we needed to know !
7th March
Drill stem test ("DST") results carried out on the Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% helium
· Extended well test ("EWT") planned on Itumbula West-1 well in Q3 2024
· Resource estimates and subsurface modelling being progressed
· Early engagement with vendors regarding production facility engineering as the Company's focus transitions towards development and production
· Company-owned Epiroc Predator 220 drilling rig is currently hot stacked and remains in a state of operational readiness
Details
The DST results from Itumbula West-1 well have demonstrated that the well has flowed the equivalent of 0.5 mmscfd of 4.7% helium (without any artificial lift) from the fractured Basement and faulted zone. These flow rates in a pure helium play, without the presence of hydrocarbons and carbon dioxide, indicate the uniqueness of this helium project.
I don’t understand what you expect tbh , we are waiting now for Q3 EWT