Disappointed but not surprised 😂
The spelling police must be having a day off
“Litres” not liters 😂😂😂
RNR you must do your one job better 😂😂😂
The best bit is . . .
0.185 MMcf/d
For 20-30 wells and numpty’s think it is good news.
😂😂😂 |
 I appreciate your patience, and you're right to point out the distinction between scf (standard cubic feet) and MMcf (million cubic feet). Let me clarify the situation and ensure the calculations align with your expectations.Clarifying the Units: SCF (Standard Cubic Feet) is a measurement for gas volumes at standard conditions (usually per day). Mcf refers to thousand cubic feet, and MMcf refers to million cubic feet.In the original RNS statement, helium flow was expressed in scf/day (standard cubic feet per day), and I used this unit for per-well helium production. However, to align with typical industry revenue discussions, we would usually use Mcf or MMcf when scaling up production.Correcting the Calculations:Based on the RNS, Helium One estimates a helium flow rate of 6,176 scf/day per well with artificial lift and a 5.5% helium concentration. 1 Mcf = 1,000 scf.So, for each well: 6,176 scf/day = 6.176 Mcf/day.Total Helium Production Across Wells: For 20 wells: 6.176 Mcf/day × 20 wells = 123.52 Mcf/day (or 0.1235 MMcf/day). For 30 wells: 6.176 Mcf/day × 30 wells = 185.28 Mcf/day (or 0.1853 MMcf/day).Revenue Calculation:Using a helium price of $250 per Mcf, we can now calculate the revenue:For 20 wells: Daily helium production = 123.52 Mcf/day. Revenue per day = 123.52 Mcf/day × $250/Mcf = $30,880 per day. Annual revenue = $30,880/day × 365 days = $11,274,200 per year.For 30 wells: Daily helium production = 185.28 Mcf/day. Revenue per day = 185.28 Mcf/day × $250/Mcf = $46,320 per day. Annual revenue = $46,320/day × 365 days = $16,909,800 per year.Conclusion:The helium production figures in the earlier response were indeed correct, but I should have made the unit conversions more explicit. The correct production per well is 6,176 scf/day, and this translates to 6.176 Mcf/day per well. Using this figure, the total production and corresponding revenue for 20 to 30 wells is as follows: 20 wells: Approximately $11.27 million per year. 30 wells: Approximately $16.91 million per year.Thank you for pointing that out! Let me know if you need further clarification. |
No chat GPT made a mistake of it being mcf you stinky gimp and I referenced the ITW-1EWT rns and it gave me correct figures????Suck ya mom |
Rj
All your 'facts' aren't really are they.
You weren't even able to input the correct numbers into chatgpt 🤡🤡🤡 |
Just to annoy Range he's a troll and bad one at that ! |
So good let's hear about your investment Range? How much you got left? Lol |
Why u here if you ain't invested?? |
Must be good if it's backed up by RNR he must have at least zero credibility here!Placing very near here now so look out 0.5p incoming!!!!!! |
Always been here and watching over the chat, there's so much you can take without having to state some serious facts out there and put these derampers back to bed. GLA invested!? |
Excellent posts Rjosephs21. Good to see new posters. |
Done my research you gimp and I'm confident. ???? |
Rj
My prosper model says he1 are blowing smoke.
Dyor.
Long term target 0.2p 🎯😎 |
Also factor in each well may not be able to produce 20k bpd maybe abit lower on some and some a lot higher, this is all with artificial lift also to factor in! |
"Globally significant"Remember the word and what the word means!If each well is producing 20,000 barrels per day (bpd) of gas with 5.5% helium purity, and you have 20 to 30 wells, the helium production would be significantly larger. Let's break this down further:Step 1: Helium Production per WellEach well produces 20,000 barrels per day of raw gas, and 5.5% of this is helium. Helium content = 5.5% of 20,000 bpd = 1,100 bpd of helium per well (in liquid form). In gallons, this equals 1,100 bpd × 42 gallons = 46,200 gallons of liquid helium per day, per well. In liters, that's 174,825 liters of liquid helium per day, per well. When expanded to gas, this would yield about 130.8 million liters of helium gas per day, or roughly 4.62 million cubic feet (MMcf) of helium gas per day, per well.Step 2: Total Helium Production from All WellsNow, let's calculate the total helium production from 20 to 30 wells: For 20 wells: Helium production per well = 4.62 MMcf of helium gas per day. Total helium production from 20 wells = 4.62 MMcf × 20 wells = 92.4 MMcf per day of helium gas. For 30 wells: Helium production per well = 4.62 MMcf of helium gas per day. Total helium production from 30 wells = 4.62 MMcf × 30 wells = 138.6 MMcf per day of helium gas.Step 3: Global ContextTo put this into perspective: Global helium production is roughly 16.4 MMcf per day. 20 wells producing 92.4 MMcf/day of helium would be nearly 5.6 times the global daily production. 30 wells producing 138.6 MMcf/day of helium would be over 8 times the current global production.ConclusionIf each well in the HE1 project were producing 20,000 bpd of gas with 5.5% helium purity, the helium output would be incredibly significant. For 20 to 30 wells: 20 wells could produce 92.4 MMcf/day of helium gas. 30 wells could produce 138.6 MMcf/day of helium gas.This scale of production would far exceed current global helium production, marking HE1 as a dominant player in the helium market. |
When considering Helium One (HE1) and their production with a 5.5% helium concentration (purity), the scenario becomes more nuanced. Here's a breakdown of how this would affect a "20,000 bpd" figure: 1. Helium in Solution Form: HE1 is exploring and producing helium from gas fields where helium is found in small concentrations mixed with other gases (like nitrogen or methane). A 5.5% purity indicates that for every unit of gas they extract, only 5.5% is helium. 2. Calculation of Actual Helium Production: If the company is extracting 20,000 barrels per day (bpd) of a helium-containing gas at 5.5% purity, only 5.5% of that gas would be actual helium. 3. Converted into Helium: 20,000 barrels per day = 20,000 * 42 gallons = 840,000 gallons of gas. If 5.5% of this is helium, the helium content would be: 5.5% of 840,000 gallons = 46,200 gallons of helium. In liters, this equals roughly 174,825 liters of helium. 4. Equivalent in Cubic Feet of Helium: 1 liter of liquid helium expands to about 748 liters of helium gas. 174,825 liters of liquid helium would therefore expand to about 130.8 million liters of helium gas, or 4.62 million cubic feet (MMcf) of helium gas per day. 5. Helium Production Significance: 4.62 MMcf per day is a significant production volume in the helium industry, especially considering the global production rate of around 16.4 MMcf/day. At 5.5% purity, this would still account for approximately 28% of global helium output based on current rates.In conclusion, while the 20,000 bpd of raw gas may contain only 5.5% helium, that still represents a considerable potential helium production of 4.62 million cubic feet per day, which would be significant in the global market. |
Ask yourself, why would anyone sign up to a joint venture partnership with only one well drilled that showed a miniscule amount of he on a (short) extended well test.
Give yer head a shake it ain't going to happen.
Long term target 0.2p
Placement incoming 0.5-0.6p 😎 |
Would like to see a partnership JV done of poss - will guarantee min value of the company and stop the dilution |
Blue Week as Blue Star Application is only the start of great news and Success.
Future gets brighter. Zeus 4p Target gets closer. Orhers say higher targets...Huge Potential as news flow...
This week could be the start of Transformative news flow.
Happy Days Ahead As Further News Flow, Partnership, Blue Star Early Revenue and early award of Mining Licence ML Award in the Pipeline announced soon.
Get on the Train... |
news tomorrow maybe.
"Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) (Blue Star or the Company) advises that the Colorado Energy and Carbon Management Commission (ECMC) has moved its hearing of the Company’s Galactica Pegasus OGDP I application to 16 October 2024. The hearing, which was due to be held on 25 September 2024, has been cancelled by ECMC “so that the CI Rulemaking can have the full time and attention of the Commissioners.” The Company has been advised that ECMC has moved all OGDPs that were due to be heard on 25 September. The Company notes that rescheduling of hearing dates is a routine part of ECMC managing its workload and unrelated to the merits of the Company’s application" |
Blue day by end of play,Took advantage of drop under 1.00Gla |
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