Some potential clues with the upcoming assessment from Sproule for Galactica/Pegasus.
Looking at a 2021 ann maybe Sproule assumed 100 ft closures. BNL with about avg 195ft gas columns in the table so about double.
Sproule might of assumed 8% helium whilst BNL well results in the table avg about 2.4% when you consider the size of the gas columns 4.2% used for 4th well not 6%.
Flow rates maybe Sproule assumed 750mcf/d whilst BNL achieved maybe 300mcf/d noting no data on the 4th well.
So in summary:
Gas columns maybe double that expected
Helium percentages maybe 30% that expected
Flow rates maybe 40% that expected
So very crude math 7.8bcf prospective helium resource for Galactica/Pegasus if recalculated would be 7.8 x 2 x 0.3 x 0.4 = 1.9bcf as an updated approx. prospective resource maybe? Then how much of that can be upgraded to contingent resources / reserves?
Some potential clues with the upcoming assessment from Sproule...
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