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4.26%

4.9¢ noble helium limited

Ann: Mbelele-1 Reaches TD, page-25

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Gharp

4,727 Posts.

834

02/11/23

10:45

Post #: 70684513
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Originally posted by All4Info: ↑

Hole was probably drilled with heavy mud to allow the "over-balanced" drill (i.e. additional pressure is introduced into the BHA to reduce any blow back from the pressure of the formation). This introduced pressure often caused formation damage and the drill mud can forces its way into the reservoir, especially if it is permeable as is indicated... So the wireline is less precise and sampling impacted. The MDT sampling is far more relevant than the wirleine isn't it, as a physical sample.

Monday is still the day people. I am going to punt the bottom on the Options (i.e. double down, I am only in at about 7c avg anyway). plenty of upside on circa 5c from those bad boys.

I will feel sorry for those bailing today if the news is good on Monday... But I understand the capital preservation logic. Each to there own.

Expand

Again the issue is the announcement is so vague they might not even sample at all if the "interpretation of logs" is not great "where feasible and appropriate"

Therefore, the wireline data are now being further
studied to identify potential points for further gas and fluid sampling, where feasible and appropriate,
using modular formation dynamic tester (MDT) and/or mini-DST

NHE Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Last 4.9¢		Change 0.002(4.26%)		Mkt cap ! $25.56M

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4.8¢	5.3¢	4.7¢	$88.42K	1.790M

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No.	Vol.	Price($)
1	19999	4.9¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	19999	0.049
1	1916	0.048
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