I haven’t posted here before, I’ve been watching Noble for about 6 months and only bought my first parcel last week.
To me buying around this time is a no brainer, they’ve done their Placement, we have drilling about to start and very importantly Management & Directors have large holdings and continued to support the Company in the last Placement. Of course Shaun Scott’s has been very successful in his previous ventures.
It’s not like it’s wild cat drilling, they know there’s Helium in at least the 1st target.
I was also impressed that the company emailed me a reply to a question I put forward in a recent Webinar even though I wasn’t a shareholder at the time.
Thanks for the link to the interview, much of it old news however the plans to seek a partner for the deeper drilling was new to me.
I’ve summarised what I though were the important parts below.
- Found the 1st gas cap, went back thru 3D & identified another 8 look alike structures in the shallow lake bed,
now doing a shallow geophysics program to firm those locations up
- Will drill this month, plan to flow test, composition analysis, also test for Hydrogen
- Rigs coming onsite towards end of this month, only take a few days to drill each well & 10 days to test each one
after drilling a specialised well head is fitted, rig moves on to next site while testing
- AIM is a bigger market, they have an appetite for Africa cf Aust, some of our peers have 3-4 times our valuation
- The deeper drilling is 2500m below the surface so cost is a lot more
- Preliminary discussions with people to partner with us, to fund that activity
- Drill targets have multiple stacked targets for each hole
- Will also do some more seismic work next year in the dry season, then drill 1 if not 2 of those targets in the next couple of years
