D3E - D3 Energy

[System]

D3 Energy was incorporated for the purpose of acquiring African based assets which are prospective for the exploration and production of both natural gas and helium.

The Company's primary focus will be on its natural gas and helium assets located in the Free State Province, onshore South Africa where the Company’s exploration work has identified a natural gas and helium opportunity and where a significant Contingent Resource and Prospective Resource has been delineated (D3 Project).

Following completion of its IPO, the Company’s proposed business model will be the exploration of and where possible the development and production of natural gas and helium resources located in the D3 Project.

The Company will also consider, where appropriate, acquiring interests (whether directly or indirectly) in additional natural gas and helium resource projects and assets in South African and elsewhere consistent with its objectives.

It is anticipated that D3E will list on the ASX during April 2024.

D3 Energy - A Pure Play Natural Gas and Helium Explorer

A Pure Play Natural Gas and Helium Explorer Download Prospectus

d3energy.com.au

 

[Dona Ferentes]

IPO last week.

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FIRST WELLS CONFIRM WORLD CLASS HELIUM CONCENTRATIONS
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HIGHLIGHTS
• World class helium concentrations measured in RBD10 & RBD11 of 5.0% and 5.1% respectively.
• RBD10 & RBD11 are the first wells to be drilled by D3 Energy and its wholly owned subsidiary Motuoane Energy Pty Ltd.
• Methane is the other major gas component at 85.0%.
• RBD10 flowed gas at a stabilised flow rate of 126 Mscfd for a 36-hour period with no evidence of decline.
• Results support geological model which augers well for further upside success as model continues to be refined.

 

[Dona Ferentes]

IPO last week..
FIRST WELLS ..

settled around 16c,

as of late August:
• RBD10 flowed gas at an average flow rate of 191 Mscfd for a 14-day period.
• The average flow rate is 52% higher than the previous flow rate measured with previous testing equipment.
• World class helium concentrations of 4.7% measured after 7-days of sustained production.
• With RBD10 production testing now complete, exploration focus will now turn to drilling at RBD12.

RBD12 now spudded