Dam was just writing up a bit and we got a power blackout across Surfers. Lost it..
Key takeaways..
interest in 18 helium wells that are permitted or underpermitting. In addition, preliminary work and permit preparation is underway for an additional 38potential drill locations across the portfolio
The maiden Voyager resource assessment isexpected to be completed during the September quarter.
Updated Galactica/Pegasus resource - scheduled to be completed during the September quarter and expected to result in thedeclaration of at least contingent resources for Galactica/Pegasus.
Las Animas field development - Completion of the plan of development is expected during the September quarter. (Will give an idea of costs)
As Cres has pointed out.. Still a work in progress I say.. (Not sure I would go as far as saying uneconomic as yet)
The final completion configuration of the well will be determined after further drilling to thesouth-east, up-dip from Enterprise 16-1 and up-dip to the south of Hill#2, where re-mappingshows the structural high to lie. Follow-up wells are set to target this structural high wheresignificantly larger gas columns are expected – initially via an exploratory water well and then withfurther helium exploration wells.
Little light reading on the topic.
https://www.epa.gov/sites/default/files/2016-06/documents/ll_options.pdf
For the half year ended 30 June 2022 the consolidated entity incurred a total comprehensive lossof $2,707,681 (30 June 2021: total comprehensive loss of $1,131,844) and had working capital of$10,142,656 (would take a bit more reading on expendure but with the drill program in place, thinking 6 months before they are looking at another raise?)
So, we have a bit to look forward to next month if they stick to the planned timeframes. cough cough....
Also posting off Linkedin for those not seen it.,
8Cap_Royal.pdf
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