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D3 Energy Limited ( (AU:D3E) ) has issued an update.
D3 Energy Limited has successfully completed production testing at the Nooitgedacht Major borehole in the northern area of ER315, South Africa. The well demonstrated significant potential with an average gas flow rate of 95 Mscfd and high helium and methane concentrations. The results highlight the economic viability of future operations due to shallower drilling depths, enhancing the company’s position in the helium and natural gas market. This marks a strategic step in optimizing exploration and development strategies, contributing to unlocking the full potential of ER315.
More about D3 Energy Limited
D3 Energy Limited is an energy company focused on the exploration and production of helium and natural gas. The company operates primarily in South Africa and is dedicated to developing its flagship asset, ER315, to deliver critical resources to both local and international markets.
YTD Price Performance: 0%
Average Trading Volume: 89,386
Technical Sentiment Consensus Rating: Strong Buy
Learn more about D3E stock on TipRanks’ Stock Analysis page.
