HE1 are spending the equivalent of AUD15 on their EWT see slide 16. Also see slides 11 and 13 for water references for instance the EWT refers to a processing trailer with a water filter plus they mention "produced fluids" which might include water?
So maybe NHE should concentrate on the cheap shallow gas cap appraisal? And not spend many millions on deeper drilling which would require a raise for now and instead watch what happens on HE1's ewt to see how that pans out?
https://www.helium-one.com/wp-content/uploads/2024/06/240611_HE1_Marketing-Presentation_for-website.pdf
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