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D3 Energy Limited ( (AU:D3E) ) has provided an update.
D3 Energy Limited has announced promising production testing results at the Nooitgedacht Major site in the northern area of ER315, South Africa. The site recorded an average flow rate of 102 Mscfd with significant helium and methane concentrations, indicating potential for a new production province with lower development costs due to shallower drilling depths. This development strengthens D3 Energy’s position in the market and demonstrates the potential of ER315 as a major helium and natural gas resource.
More about D3 Energy Limited
D3 Energy Limited is a leading company in the helium and natural gas industry, focusing on exploring and developing energy resources to support local and global energy needs.
YTD Price Performance: -15.00%
Average Trading Volume: 64,976
Technical Sentiment Consensus Rating: Strong Buy
See more insights into D3E stock on TipRanks’ Stock Analysis page.
