From what I understand:
1. They discovered substantial helium and a likely huge gross helium resource.
2. It appears to be in a few iterations:
i. There's a gas cap, which should be enough to monetise straight off the bat:
ii. There's gas in layers of sand (?), which was anticipated and is also expected to be commercially viable for extraction.
iii. There's helium saturated (?) in water, which significant quantities are being naturally released when the water is depressurised. (?) The best commercial process of liberating helium from water needs to be developed in conjunction with UQ, which has considerable experience in similar circumstances with coal-seam gas.
3. The next steps are:
i. To define the resource and get a more precise picture of it's structure.
ii. Proceed with a relatively straightforward process of monetising the helium in the i. gas cap and ii. sand layers
iii. Develop and test a method for extracting the helium from water.
Keep in mind that further holes may present a range of structures.
IMO, those waiting for further 'de-risking', will be paying for it in the stock price.
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From what I understand:1. They discovered substantial helium and...
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