RE:RE:RE:RE:RE:RE:RE:Looks like good news....comments? Quotes from From Dean Nawata on Twitter when I asked a few questions:
When asked about hydrogen % and Methane %
"both these are very interesting - not expected at all. This deep should not have organic carbon (Precambrian, before life on earth) - hydrogen (highly reactive) that hasn’t bonded with anything yet?
Methane is minor but we could use for power don’t need much." hydrogen. Good and growing market, but how to separate? Initially, we think most effective is to sell the helium charged with hydrogen as it is a value add gas. (Ie get premium pricing for our gas) - weird none the less, flow is good at 1 no problem producing like typical gas wells”
When asked about price of horizontal wells or fracking in relation to similar O&G wells:
“Hz same as conventional o/g wells (not shale frac). Due to large thickness and lateral distance Hz maybe more efficient way to drain the pool (do you line up 50 vertical wells or a single mile hz leg?) “
When asked if RHC will publish a compliant reserve report:
“Sproule will a report as we contracted, BUT it will not be 51-101. We have gone back and forth with the exchange and regulators and they do not consider helium to fall into either 41-101 or 51-101 Nonetheless, we will have reservoir reports from them and report them to public"