Jungmana i think the mud log 55% Hydrogen number is a red herring as the gas sample showed 0.7% so forget the Hydrogen |
Minchin and Bo are both undermined and should zip it going forward.
Ok they both have a lot at stake but that is no excuse.
Sort it please and behave responsibly.
Suet |
Yup they have damaged trust pushing it the way they did on Twitter. If the next result isn't positive then that will do further damage.
They suddenly seem to have urgency to stimulate Clink 1 which they didn't before.
Today hurt but I am not selling any .... yet.
They have no discovery unless it is backed up with third party lab data as you mentioned. |
the key is the flathead zone where they found the 2.5% helium and 55% hydogen. it is the main producer in the Montana fairway.
if that flows , then we will be doing great. |
Well if you look at the historic data for the Charles formation it hasnt flowed commercial rates.
Imho its looking like clink 1 and the Ingomar dome could well be uneconomical
A case of zones having economical flow and uneconomical Helium and zones with economical Helium and uneconomical flow. |
yes i understand. with stimulation, should flow fingers crossed |
Jungmana worth remembering the Flathead hasnt flowed.
If the flow is poor then the Flathead will also be non commercial. |
Hooded Claw - glad you’re back in Hex’s Wacky Races.
What do you make of today’s RNS in the grand scheme of things?
Whilst perhaps not a defining moment, my view is that it’s severely undermined Minchin’s credibility. And - given his recent interviews about Amsden - called into question his fitness to be a Director of any public company.
IMHO it also means any future tweets showing gas-gushing wells or the like will be discounted by investors as entirely irrelevant, unless there’s firm data to back up commerciality. |
https://x.com/rckhlldd/status/1861763863009480958?s=46 |
Duster!!Suckers! |
 A surface gas sample from the Flathead formation yielded a helium concentration of 2.48% in a nitrogen gas mix with low levels of CO2 and methane over from perforations at a depth of 7,909ft - 7,942ft. Helium grades are over 1.6x higher than estimated in Company CPR and Scoping Study, offering capacity for an increase in resources and project NPV when these numbers are revisited. Despite good porosity readings on wireline, gas from the Flathead does not flow naturally and additional stimulation could be required to generate commercial flow rates, a process which is relatively common and cost-effective in the region.
Hydrogen assayed at 55.2% H2 in gas separated from mud during drilling[1], this contrasts strongly with 0.7% H2 assays in gas sampled directly from the Flathead formation during testing. The presence of high hydrogen concentrations are rare and potentially significant, with implications for both the energy and industrial gas markets. Helix is seeking collaboration with hydrogen experts to better understand these results and explore the potential for unlocking further value from this reservoir. |
Still here BTW |
after all the drilling and testing operations at Ingomar and Rudyard the company will still have about $3 million left in the bank.
no placing happening in 2024 imo |
Duster!!!Funding next!!Don't let the rampers fool you. |
When is the next PLACING |
It would appear Hooded Claw is taking a (Penelope) Pitstop. |
IMO We need an interview so they can put this RNS in perspective, that should do the trick |
Funding next. |
Great buy with Spud Dec 2.
Huge Gains today from these levels...get on Train before rush!!! |
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