This is an excellent announcement and helium is found in gas naturally and the key from here will be to see what % of that gas is helium but I expect the testing of as such is already occurring and whilst this is only a well that we have a working interest in, its great news and augurs well for the future news flow and supports the JV participation.
If the helium % ends up being in the 5 - 8% and the flow as good as suggested (albeit commercial %'s are as low 0.5% in the US with high flow rates), this should see a significant re-rate and then lets move onto the next one.
The patient investors and accumulators will be rewarded. DYOR.
BNL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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