In context it's only 6% of the total prize so I am not sure it's a disaster yet. |
As I posted to hooded claw on 21 November when they showed gas bubbling from the well like a witch’s cauldron:
“Looks & sounds like gas. But meaningless until we get the hard data.”
Where is hooded claw this morning by the way? Normally so quick to comment on developments. |
Probably. But hopefully nobody has too much in these!
Suet |
An overreaction to results from a zone that's just 6% of CPR. A secondary zone |
https://youtu.be/6CTnTi1Lq60?si=-tAhBu-CYJoameKZ |
Followed by a Placing at 5p if we're lucky |
10p at the open ? |
As from the commencement of drilling rns Amsden and Charles are secondary targets ;"Clink #1 primary target is the Flathead Formation at 7,410ft (2,260m) which is the main horizon producing helium within the Montana helium fairway. Secondary targets are the Amsden Formation at 3,840ft (1,170m) and Charles Formation . |
Quiet on here now |
Our primary target zone the Flathead is a success and is the main helium.producing zone on the Montana helium Fairway."The results are contrasting to the 2.5% helium identified in the underlying Flathead formation, the primary target in the Clink #1 well, implying an excellent seal" |
At sustained flow rates of 4,000Mcf/day raw gas and a helium sales price of $500/Mcf production from the Amsden would generate pre-tax cashflow of circa $1,000,000 per well per year, using membrane units to upgrade helium concentrations prior to processing. This falls beneath the Company's definition of a commercial development for standalone production from the Amsden, but could generate useful additional cash-flow if produced alongside helium from the Flathead or Charles formations |
Steve, yup ... can't wait for results of Flathead to come in after stimulation. If they are as expected it really will be game on (with the extra add on of Helium on the side) |
Boo so desperate for this to succeed! Fair does he rocked up with a ruck sack full of data . He seen outside the main viewing area , Showing the data to some big wig helium guys . |
New tweet.... pic of Bo at Hydrogen Conference, Paris |
https://youtu.be/6CTnTi1Lq60?si=VFYVTR5EL9z501sT |
https://youtu.be/ETSl8gWsFZ0?si=z7IgYaRF2jZXINrn |
https://youtu.be/aKchwAWMpDA?si=s2uXjbsuev4jZTRzHex charge on boys |
https://youtu.be/nc_wdk8BogM?si=jOHkMN_VqN41LnTR |
Nice start .. but will it last ? |
Interesting what comes out of the Hydrogen conference too ... finishes tomorrow |
At least the company doesn't seem to be leaky... Let's see what they have to say tomorrow or Wednesday... |
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