NHE 5.00% 5.7¢ noble helium limited

The market is getting too jumpy. Overbalanced mud can penetrate...

  1. 25 Posts.
    lightbulb Created with Sketch. 7
    The market is getting too jumpy. Overbalanced mud can penetrate the reservoir and push gas back into the reservoir away from the well bore. This mud bulid up can make it difficult to get a solid read on the wireline logs...as they are reading mud influx more than anything else.SO...a DST will be only way to tell.
    Helium in the drilling mud is a big tick. Drilling with overbalanced mud because of the inflow high up the hole. The incresaed mud weight can result in variable degree of mud invasiosn. If the mud cake is too thick...they may struggle to get a strong flow as only at 350m or so. This maybe what the market has picked up on. However, at current prices the risk is to the upside now...they have SLB on site and they are arguably the best in the biz...the latest comments from Noble suggest something is there! They will take well intel into the drilling of the next well after this one. So hunt is far from over.
 
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