Ann: Mbelele-2 results point to prolific new helium province, page-248

The Directors update in the video in which certain questions were covered needs to be documented in an ASX announcement along the lines of ... responding to questions unable to be answered at the MST presentation. There is in my view sufficient content to warrant this.

Anyway, what stands out to me is the repetition again of the 2 -3 % helium content in exsolved gas liberated from the groundwater. Since helium has a very low solubility in water I assume what is meant is the totality of gas liberated in association with water during the sampling and as seen in the drilling mud. What I mean is that there is both helium dissolved in the water AND gaseous helium residing with it within the porous rock . Water will saturate quickly with helium due low solubility and once this happens additional helium being generated by the rock formation is presumably physically mingled with water ( but not dissolved) in the same rock pores. I cannot see how its possible to get 2 -3 % helium otherwise given the low solubility of helium in water The fact that they are repeating this 2 -3% helium figure associated with the water makes it really clear..... its there. Okay, so production will need to use a system that separates the helium gas from water but the coal seam gas industry has developed procedures for separating gas and water , maybe for helium some tweaking will be necessary ( hence why talking to the Uni Qsld gas experts on this) . Does not seem an major issue to me.