Any thoughts on the pending reserves/resources update from Sproule?
I believe Stefano mentioned in a recent interview he was targeting 10% of the global market. So 10% of the global market 6bcf per year currently but expected to grow. So given customer agreements of 10 to 15 years for Phase Two Renergen needs a minimum of a 2P proven helium reserves of about 10bcf to 15bcf is my guess.
Also given Phase One is 17 wells and Phase Two 290 wells the update from Sproule I guess would update the three categories of reserves, contingent resources and prospective resources with further drilling to lead to future update(s) from Sproule? So it will be interesting to see what is revealed from Sproule in their report.
Renergen General Discussion, page-84
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