I think the plan on the first well was a 24 hour test for flow etc. If I understood corectly, once the hole is ready, pull the drill string then flow out to atmosphere and observe any pressure drop. Once pressure stabilises, flow for 24 as well as sample the gasses to give you the % helium and volume per day.
If the formation is 'tight' inital pressures may quickly drop off as pressure is relieved. The similar geology of successful wells in the region suggest to me that htis will not be the case.
Details of hte test may differ from my description above, but I think the gist is right.
I think the plan on the first well was a 24 hour test for flow...
Add GGE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.001(9.09%) |
Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $19.33K | 3.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 328007 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2275000 | 6 |
View Market Depth
| Last trade - 14.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.6¢ |
Change
0.001 ( 20.0 %) |
||||
| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 985764 | ||
| Last updated 10.16am 06/05/2024 ? | |||||
| GGE (ASX) Chart |