D3 Energy Advances Nooitgedacht Wells Toward Production Testing
D3 Energy Limited (ASX: D3E) is progressing its two-well drilling programme at Nooitgedacht within the 100%-owned ER315 permit in South Africa. Operations were temporarily paused after excessive wet weather prompted the drilling crew’s demobilisation for safety reasons. With conditions improving, the crew is scheduled to remobilise, while the programme remains on budget and its forward work plan unchanged.
Following remobilisation, D3 Energy plans to run and cement production casing in NGT245 E and NGT245 D, clean the wellbores and prepare them for production testing. Testing at NGT245 E is expected to begin in the coming weeks and will assess gas flow and composition. Encouragingly, gas was observed flowing to surface during drilling, providing an early positive indication ahead of formal testing.
D3 Energy holds 479,409 acres across South Africa’s Free State Province. Its flagship ER315 permit has previously recorded independently verified helium concentrations of up to 8%, supporting the company’s broader helium and natural gas development strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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D3 Energy Advances Nooitgedacht Wells Toward Production Testing
D3 Energy Limited (ASX: D3E) is progressing its two-well drilling programme at Nooitgedacht within the 100%-owned ER315 permit in South Africa. Operations were temporarily paused after excessive wet weather prompted the drilling crew’s demobilisation for safety reasons. With conditions improving, the crew is scheduled to remobilise, while the programme remains on budget and its forward work plan unchanged.
Following remobilisation, D3 Energy plans to run and cement production casing in NGT245 E and NGT245 D, clean the wellbores and prepare them for production testing. Testing at NGT245 E is expected to begin in the coming weeks and will assess gas flow and composition. Encouragingly, gas was observed flowing to surface during drilling, providing an early positive indication ahead of formal testing.
D3 Energy holds 479,409 acres across South Africa’s Free State Province. Its flagship ER315 permit has previously recorded independently verified helium concentrations of up to 8%, supporting the company’s broader helium and natural gas development strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au