D3 Energy reports a significant 32% increase in gas flow rates at its RBD03 well in South Africa following a well clean-out, reinforcing the project's development prospects.
- RBD03 well flow rate increased to 194 Mscfd over 14 days
- 32% improvement post well clean-out operation
- Results support maiden reserve certification for ER315
- Production Right application expected ahead of schedule
- Long-term potential of Bloemskraal area reaffirmed
Strong Operational Performance at RBD03
D3 Energy Limited has announced a notable uplift in gas production from its RBD03 well, located within the ER315 permit area in South Africa’s Free State province. Following a targeted well clean-out operation designed to remove legacy drilling debris and enhance borehole integrity, the well delivered an average gas flow rate of 194 thousand standard cubic feet per day (Mscfd) over a sustained 14-day period. This represents a 32% increase compared to previous flow rates measured before the clean-out.
Implications for Reserve Certification and Development
The improved flow rates at RBD03 are more than just a short-term operational win. They provide critical data that feeds directly into D3 Energy’s maiden reserve certification process, conducted in partnership with independent consultancy Sproule ERCE. This certification is a pivotal milestone, marking the company’s transition from exploration and appraisal toward full-scale development. The enhanced well performance also underpins the company’s upcoming Production Right application, which D3 Energy expects to submit ahead of schedule and under budget.
Reaffirming the Bloemskraal Area’s Potential
Originally drilled in 1982, the RBD03 well’s sustained productivity post-clean-out highlights the enduring quality of the reservoir within the Bloemskraal area. Managing Director David Casey emphasized that the consistent high helium concentrations and improved flow stability across tested wells reinforce confidence in the long-term potential of the ER315 project. This bodes well for the broader appraisal program and the company’s strategy to develop ER315 as a world-class helium and natural gas asset.
Strategic Growth and Broader Footprint
Beyond South Africa, D3 Energy has expanded its portfolio with strategic acquisitions in Australia’s Arckaringa Basin, targeting helium and hydrogen resources. However, the ER315 project remains the company’s flagship asset, with significant contingent and prospective resources that continue to attract technical validation. The company’s focus on critical gases positions it well within the global energy transition narrative.
Looking Ahead
As D3 Energy prepares to lodge its Production Right application, the market will be watching closely for further updates on reserve certification and subsequent development milestones. The recent operational success at RBD03 provides a strong foundation, but the company’s ability to replicate these results across its broader acreage will be key to unlocking full project value.
Bottom Line?
D3 Energy’s improved well performance at RBD03 sets a promising stage for ER315’s development, but broader appraisal results will be crucial to sustain momentum.
Questions in the middle?
- Will other wells in ER315 replicate RBD03’s improved flow rates post clean-out?
- What timeline and regulatory hurdles remain for the Production Right application?
- How might these operational gains influence D3 Energy’s valuation and investor sentiment?