"multi-well production testing program at ER315 located in the Free State, South Africa"
"RBD03 flowed gas at an average flow rate of 147 thousand cubic feet per day over a 16-day period"
"flow rate is almost double the previous flow rate measured with previous testing equipment"
"world class helium concentrations of 5.1% were measured after 7-days of sustained production"
"following reservoir pressure build up, testing will commence at the recently drilled and tested RBD10 borehole"
"utilising new equipment to see if comparable production rate increases are observed"
"RBD03 is a legacy gold exploration borehole drilled within the area of ER315 in 1983"
"very low drilling and completion costs"
"record worldwide helium prices and natural gas shortages in South Africa"
"project is shaping up as an extremely exciting and robust first up opportunity right out of the gate"
"will proceed with re-testing the RBD10 well with new equipment before commencing drilling at RBD12"
"results will inform key decisions regarding the design of further testing programs, well interference and spacing"
"planning for the submission of a production right application to the South African authorities"
https://oilman.beehiiv.com/p/oilman-jims-letter-august-13-2024
Worth reading
"multi-well production testing program at ER315 located in the...
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