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I believe we will see the drill set up in position within the next day or two and a spud by the end of the week, then drilling by mid June.
Hoping to see great results here.
Good Luck guys
Gentleman I believe we may see us spudding by the end of next week assuming all materials are on site.
Once it begins things will move very fast as drilling is a 24/7 operation and I believe we will commence the drilling to the pay zone by mid June.
Spud 4th (Depending on how much set up of the driller is required)
Drilling June 15th (Depending on the cementing of the hangers)
Results June 20th-25th (Depending on how they are attaining their analysis)
Good luck everyone
That was me topping up ??
So from the last tweet we can see a little overview of the pad.
Lets just say it takes till the end of the month to get the pad down and rig set up and in position.
We are looking at
1 week to get the conductor drill and hangers set in position (i was hoping this may have already been done with a piler or track drill but it seems not).
1 week to let the cement set.
10days approx to drill to the pay zone depth (in which time we will probably see He results in the drill cuttings.
1-3 days for flow tests and results depending what they see.
Maybe +- 3 days depending on materials.
Good luck all!
Don’t think that’s what he was getting at, he’s pointing out drilling is a 24/7 operation, starting early getting the pad down could save a days drilling which can be in the tens of thousands
Exciting times, really appreciating the tweets and seeing progress.
So realistically what does the gravel being on site mean..
Just so people dont think were building a driveway.
This is the stable foundation that the driller and surrounding equipment will sit on, given the previous tweets you can see most of the equipment is already on location, so once the pad is down and compacted (1 day or two at most) then set up can begin.
it's a shame we didn't get a full overview of the site but this is a great indication that we are a week or two at most out.
Good Luck all.
In the past few He1 investor presentations, DM exuded real confidence in the prospects of the company. Jokingly he said he did not have a plan B when asked what would happen if the first well appraisal was not a success. Though he moved on to discuss briefly about the other 2 prospect areas (to reassure investors it is not a one trick pony). However, when you have Mitchell deciding to be paid in shares for well 3 and possibly well 4, then that’s a pretty confident/endorsement statement!
To sum things up, the first well will start being drilled anytime now. Continuous real-time spectro gas analysis of mud cuttings will check the presence of He above background level (qualitative analysis). If He detected, then an RNS will be issued announcing a He show. This will indicate He is effectively present and trapped. This could happen sooner than we think as the first target is not very deep.
Drilling will be completed at a depth of ca. 1200m and a wire line will be dropped to assess various parameters including porosity. If one or more reservoirs are identified, then bingo! Another RNS announcing Helium discovery.
Following confirmed discovery, they will try to flow the well to assess the % of Helium in the flow of gas (mixture of He and N2). Anything above conservative estimate of 4.2% would be fantastic.
Finally, a He discovery would de-risk the whole basin…..
I am sure we are all really looking forward the next few weeks! I am buying DM's confidence.
Great post JPTL64FR
Reminds me of the old Oil industry saying, "the best place to find oil, is where you have already found oil"
Just as i type this they have released a tweet, the pad construction gravel has me thinking they already have the hanger in place! so they can lay the pad around it, we could less than a week away.
Good Luck everyone.
Haha well that video does the job even better.
So you see the long skips that are shown in the Ariel view, those are what the drill pipe comes in.
The two tanks to the left of the drill rig are for the fluids, mud or cement etc
Another thing that should be taken into account with this potential resource, its location geographically, its a perfect place to be shipped to either Europe from the Suez or to China and India..
Especially if there are any trade restrictions between China and Canada! (Any of the US producers)
Hi Dai,
Thank you for sharing, that will help the others not too versed on drilling to understand the process.
As far as the site goes, check out Royal helium’s tweet from 5hr ago (ago of this post)
It shows the before and after of having the drill rig in place. We can’t be far away.
Hi Dai
Great, yes that is what it shows.
Although remember even though the fundamentals of the equipment are the same, each are subjective to the variables of it’s intended use, for example depth of the formation, depth of the pay zone, reservoir pressure, expected hydrocarbon content, flowing temperature etc.
I’m imagining the stuff used here will be much more smaller and lower rated, than what you see in say an Omani sour gas well.
RE: Drill PadToday 13:20
May take a few days for concrete to reach some strength, even with an accelerator. Looking good though for early June. Bought more today!
Yeah, probably should mention, it’s the conductor casing annulus cement that is reffered to when we talk about wanting it to reach strength, the pad and rig supports could be done with alot less finesse.
Hi Dai,
It’s normally around a 2m x 2m square pad of concrete around 18” thick
But expect if they have a cement truck there they would have built either a concrete base for the drill rig or some pads for the outriggers if it has them. Just to give the driller a stable surface.
Finished product depends on the purpose of the well but arrangement will be similar to a typical wellhead, but may be sat with a temporary head for cleanup, flow tests and composition analysis until it is plugged (they can use temporary plugs if it’s going to be flowed)
Hope this helps.
Good luck all.
That’s exactly what I thought, We could expect a tweet today from them too showing their progress at the well site!
Big bench
In the Zak Mir interview posted on here a few days ago DM clearly said Spud by end of May..dont really matter if its another week or so but that's what was said.
Certainly looks achievable, drilling crews work fast, time is money to them and you do not want to hire the equipment for longer than you need to because its stupidly expensive.
That tells me they have the conductor casing on site or in country already if not on the way, same with the wireline tools.
3 days ago they showed clearing the well site, hopefully since then they have been boring and setting conductor and preparing to cement, from then it’s usually 7 days before you reach the appropriate strength, in that all the ancillary kit should have been setting up, mud mixing, fuel storage, portable cabins.
Hopefully we see another tweet of the site from them.
Good luck all.
Going to post a breakdown analysis after my morning coffee but i think given what we know, we could be,
At best 12 days from sinking the drill.
Sensible guess would be 17 days.
Results from drilling will be in within a day or two of reaching the desired depth, analysing gas composition is a basic proven GC and can be done in minutes if they have one on site.
Good luck all.
Tai is at the centre of all surrounding potential prospects, this looks like the perfect place to site a pumping station ( a place where all other wells flow into and co-mingle to be pumped to the cryogenic liquefaction facility, that gives me great hope they have high confidence in this spot as this would allow investment in the infrastructure of this area to support the above.
Just my 2 cents
I know they are using a mineral rig and not an oil and gas rig. Do they set and cement surface casing and intermediate casing? Do they have the drill pipe on site?
Scott22
They do yes, I would expect to see the casings on site and ready before well pad is templated and poured.
Drill pipe is almost a consumable and can come anytime up to a couple of days before drilling, a supplier would not need a very long lead time for this as opposed to some of the other items.
That would be fantastic but I doubt drilling in less than two weeks, there is still so much to do in terms of preparation.
It was nice to see the tweet of the mud pump arriving but there is a few things I’d like to see first, hopefully they keep giving regular updates of the well pad or any materials areas, so we can determine the next step as surprisingly very few pieces of kit are used in drilling and are used at very obvious steps.
Thank you Dai,
I’m not trying to influence anything here, I saw how analytical some people were with the drilling and seismic results and was hoping someone could give the same aspect from a business point of view.
I’m already in deep and really hope this company prospers into something great, I guess a more targeted question would be. Do people see this as being sold once it’s got “proven reserves” or be developed into a helium production asset by HE1?
Best of luck to everyone.
It’s my first time posting, So I’m not overly sure what you mean by that.
I’ve just finished reading about Sarah and about James and that worried me a bit but reading about Ian inspired a little more confidence in things.
I’m not great at deciphering how the different directors may choose what to do with the company in terms of it’s development so thought I’d ask here given their history of other companies.