This should be shouted from the mountain top! The market yawns as expected because the flow rates isn't mind blowing and we have a resource that are not likely to be developed for at least 5 years due to unavailable infrastructure.
Although I was hoping for some mind blowing flow rate, the real success in this well was the helium content, reservoir, and seal integrity. We know the seal is perfect as helium is extremely mobile and we have 6% trapped on a regional scale. The reservoir quality is yet to be determined. If Mt Kitty can be proven to be commercial using horizontal drilling and/or fraccing then the implications for this region is absolutely enormous. Conservatively there could be well over 1tcf of helium trapped in the area. That's an equivalent of 30tcf of gas! This is the blue sky we were looking for.
Enough ramping for now. Now onto our next price catalyst - the Surprise East drill. The success or otherwise will have a very real impact on our sp. Good luck all.
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.96M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 548291 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 138837 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 548291 | 0.049 |
2 | 25520 | 0.048 |
1 | 100000 | 0.046 |
2 | 173952 | 0.045 |
1 | 50000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 138837 | 2 |
0.054 | 96554 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 212209 | 4 |
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