Helium One Global sees helium shows whilst drilling maiden well
“Early helium shows give us a great deal of optimism for the remaining programme," said David Minchin
Company
LON:HE1
Helium One Global is the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. The company holds helium licenses within two distinct helium project areas, across two continents. With an expanding global footprint, the company has the potential to become a strategic player in resolving a supply-constrained helium market.
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“Early helium shows give us a great deal of optimism for the remaining programme," said David Minchin
"We look forward to announcing results of our first well at what is a potentially transformative time for the company," said David Minchin.
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"The award of our drilling EIA demonstrates the support of the government for our ongoing exploration in Rukwa," said chief executive David Minchin
"We look forward to commencing our exploration drilling reinforced by high-quality, modern, 2D seismic data," David Minchin said
Chief executive David Minchin said the company looks set to deliver the maiden drill programme on schedule in mid-May.
"The fundraise has seen broad support from a number of institutional and other investors"
Tanzania is richly endowed with mineral resources of all kinds
“We are now delivering this programme which is advancing at pace and on budget"
"Mitchell Drilling have indicated that they are willing to take 50% of the contract value in shares, with a commitment to drill the 3rd hole and optional 4th hole for equity," said chief executive David Minchin
The interpreted seismic data will define optimal well locations and reduce risk in drill targeting.
Chief executive David Minchin said the appointment “demonstrates the growing sophistication of the company as we move towards discovery”
"We are delighted to be progressing our Rukwa Helium Project with this next phase of exploration," said David Minchin
"The Eyasi Project has potential to add significant volume to Helium One's prospective resource base,” said David Minchin.
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