Energy
D3 Energy is a company focused on developing natural gas and helium assets in the Free State of South Africa. D3E is one of very view companies listed recently having just completed a successful drilling programme with an independently certified 2C Contingent resource and gas production from its first appraisal well.
World class measured helium concentrations of more than 5% have been measured across large parts of the portfolio with methane the principal other gas component. Methane (natural gas) is a much sort after resource in energy starved South Africa with early access to market through D3E’s largest shareholder.
Helium is a critical gas for the 21st Century with demand significantly outstripping supply resulting in the cost for helium at record levels. Prices have increased at 18% per annum over the last 5 years with US spot prices commonly US$1000 and as high as $2500/mcf.
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