D3 Energy begins Nooitgedacht drilling to expand South African helium reserves

D3 Energy has started a two-well drilling program at the Nooitgedacht area on its wholly owned ER315 permit in South Africa. The update is constructive for near-term exploration progress, but it provides no results or production guidance, limiting likely immediate price impact.

Analysis

D3 Energy has started a two-well drilling program at the Nooitgedacht area on its wholly owned ER315 permit in South Africa. The update is constructive for near-term exploration progress, but it provides no results or production guidance, limiting likely immediate price impact.