I note D3E (a Western Australian ASX listed company) have had a couple positive well results in the Free State. (+4% He) and have had to retract a few comments from their Investors presentation when comparing themselves to Renergen at the same stages of exploration.
The reason I raise it is because it fly’s in the face of Albie and his cohort who state there is no He in the Free State. D3E are well behind Renergen but I believe the Managements have met and have an appreciation for each other.
If D3E are successful, I don’t think they will build a Liquifying Plant but rather enter into an agreement with Renergen. (Long way down the track) but another reason it will be hard for Renergen to fail. IMO.
Renergen General Discussion, page-3470
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