NHE 3.33% 5.8¢ noble helium limited

Ann: Investor Presentation, page-20

  1. 3,924 Posts.
    lightbulb Created with Sketch. 927
    They had said only $100k needed for a shallow well for the shallow free gas zone on some video using a cheap locally sourced rig?

    But they have $1.8m tied up on deposit with the rig from the UK - Marriott Drilling which I guess is still onsite?

    So how much do they need? Deeper drilling hasnt been cheap? Over AUD100m spent combined between NHE and HE1 thus far on exploration and drilling I think for helium in the Rukwa in Tanzania?

    So a cheap $100k well would be great not millions on deeper wells if a cheap shallow well can get them the discovery they are seeking.


    https://hotcopper.com.au/data/attachments/6142/6142368-f47a391315d63560123f63a6b48bc3e9.jpg

 
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