Tidbits from the Press releaseThey are all set to go.
They will do some additional wireline tests first, but it sounds like they a have a completion plan. They will complete it as a production well.
They are looking forward to obtaining outstanding data. They must have a degree of confidence to say that, and to bring in spectators for the flow tests, almosts like a sporting event. Even though Thomas is Australian so the "outstanding" could just mean "incomplete". But "excited" should have the same meaning in both languages
Text:
Activities will initially consist of road improvements and civil works, followed by down-hole logging, well completion, and flow testing with a pressure build up program. All necessary contracts are in place, with vendors and equipment secured to complete the upcoming works.
Thomas Abraham-James, President and CEO said: “My colleagues and I are excited to obtain the outstanding data from Jetstream #1, and everything is in place to do so. I look forward to keeping the market updated with results as they arrive.”
The Jetstream #1 appraisal well reached total depth of 2,200 feet (671 meters) on February 27th, with helium concentrations of up to 13.8% helium as measured by specialist gas equipment. Field activities have been on hold while Spring road restrictions, limiting heavy traffic, have been in force. Jetstream #1 has been designed and will be completed to be capable of transitioning to a future helium production well.
* In the State of Minnesota, the regulatory term is ‘exploratory boring’.