They have explained what happened with Mt Kitty. They analysed the sidewall cores taken during logging and those revealed that what they thought was the target reservoir Heavitree Quartzite was actually not there, and the gas flows (including helium) were coming from fractured granitic basement.
Fractured basement can sometimes be a reservoir but it requires a very special set of circumstances. The result has added to the prospectivity of that whole region, they just need to find areas where that target reservoir is present. There is a pretty good chance of them finding a tight, charged reservoir there.
So yes, Helium is still on the table but unfortunately Santos aren't in the mood.
They have explained what happened with Mt Kitty. They analysed...
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5.3¢ |
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Mkt cap ! $39.49M | |||
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