D3 Energy Limited Reports Promising Helium and Natural Gas Results in South Africa, Shares Surge 18%

2 min read | January 15, 2025 11:41 AM AEDT | By Team Kalkine Media

D3 Energy Limited Reports Promising Helium and Natural Gas Results in South Africa, Shares Surge 18% — Image source: shutterstock

Key Results from Nooitgedacht Major Testing

The company’s production testing at Nooitgedacht Major has yielded an average flow rate of 102 Mscfd over the first 7 days of the 14-day test period. Preliminary gas sample analysis by a SANAS-accredited laboratory revealed helium concentrations of 5.6% and methane levels at 83.2%, underscoring the site’s potential as a significant helium and natural gas resource.

This follows the successful testing of RBD01, which demonstrated world-class helium concentrations of 6.2% and provided valuable data on reservoir deliverability. Together, these results highlight the prospectivity of D3 Energy’s ER315 asset and its potential to become a leading helium and natural gas producer.

Strategic Importance of the Program

The Nooitgedacht Major testing is a vital component of D3 Energy’s systematic exploration and appraisal strategy, designed to maximize the resource potential of the ER315 license area. The data collected will play a crucial role in understanding reservoir behavior, including well interference and spacing, to inform future drilling campaigns.

This approach aligns with the company’s vision to establish itself as a key player in the global helium market, leveraging South Africa’s unique geological potential for helium-rich deposits.

Market Reaction

Following the announcement, D3 Energy’s shares surged 18%, trading at 7.7 cents per share on 15 January 2025. Investors appear optimistic about the company’s progress in developing its ER315 asset, buoyed by the promising helium and natural gas results from its latest testing programs.

The next steps for D3 Energy include completing the Nooitgedacht Major testing program and refining its development strategy for ER315.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.