Ann: Significant probable free gas cap at Mbelele, page-29

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SpiderMonkeyZ

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08/03/24

12:04

Post #: 72811973
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Originally posted by ronstieb: ↑

That HE1 result doesnt sound great, and I note the stock closed down 17%

They state
" The DST results from Itumbula West-1 well have demonstrated that the well has flowed the equivalent of 0.5 mmscfd of 4.7% helium (without any artificial lift) from the fractured Basement and faulted zone. "
So from the deeper zone, the well flowed at 0.5mmscfd which is 500 mscfd
500 mscfd x 4.7% Helium content = 23.5 mscfd of Helium.

NHE's shallow gas cap at 85m, 2.4% helium could flow at ??

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The HE1 earlier Feb 5 rns - announcement had this also for reference:

"The Company (HE1) has identified that the frequency of helium increases with depth and is preferentially carried in hot fluids out of the Basement and along fault conduits. As the helium rises through the well bore, the pressure decreases, and it is thought that the helium then comes out of solution and increases in concentration."

So what NHE has could be free gas 85m deep versus HE1 with hot fluids in basement 950m down that releases the helium somehow which could impact on flow-rates?

Helium initially in fluids for HE1 versus a potential free gas filled gas cap may mean different flow-rate potential? Noting fluids of HE1 much deeper at about 950m and potential free gas of NHE much shallower at 85m.. ?

NHE Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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