HE8 0.00% 1.2¢ helios energy ltd

Void reading It's early days on this but some thoughts from my...

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    Void reading It's early days on this but some thoughts from my reading - of last announcement It seems that the quality of the oil is great, but flows etc won't be known until casings are perforated and tested and if fracking is done, that should substantially increase flows if successful. Also the make-up of the product needs to be known and access to potential infrastructure. If it is reasonably heavy crude, it can be trucked. Not sure what they do with the gas. Maybe re-inject it or flare it. Flaring is frowned upon these days. The kind of product will determine processing required. If lots of light gas, the oil needs to be stabilised, or if there is a pipeline close by, it may be easy, as it may be able to be pumped straight into the pipeline. Lots of variables. You may like to do more research. It could be a great play...or not.
 
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