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5.8¢ noble helium limited

Ann: Noble Helium leadership changes, page-8

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25 Posts.

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07/03/24

23:35

Post #: 72803990
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Originally posted by SpiderMonkeyZ: ↑

Could be some delays if still a wet season period. Is that expensive to run drill rig still onsite?

This is what Next Investors had to say in their release yesterday. So can NHE use a cheap rig and flow test cheaply also? Should be cheap as only 85m deep? And avoid using that expensive "Rolls Royce" drill rig?

"We are hoping the NHE share price can start coming off its lows in the near term as we wait for:

Confirmation that a less expensive drill rig has been secured: Shallow holes can be done cheaper, which requires fewer dilutive capital raisings for existing shareholders. NHE had a high cost of drilling its first two shallow wells using the “Rolls Royce” of drill rigs and large crews. We think the market will reward NHE if they prove drill costs can be materially reduced."

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Donot want to go to cheap on the drill rig...we are dealing with gas here and hydrogen is highly flammable. Use a good rig, an effecient crew, good mud engineer and logging company and minimise downtime is my thinking. It never pays to go cheap in this space...especially if the next well is. to be a drilled as a potential producer. Stuff that up and may need to re-drill/deviate well...$$$$

NHE Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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Last 5.8¢		Change -0.001(1.69%)		Mkt cap ! $27.53M

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