Company
Helium One Global Ltd
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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Helium One Global raises £9.9mln to fund 2023 drilling programme
The funds will provide greater financial flexibility for its 2023 drilling programme in Tanzania,
Helium One Global says on track for early 2023 spud at Tai in Tanzania
The primary objective of the 2023 campaign will be proving a discovery
Helium One to carry out more geophysical studies in Tanzania basin
Helium One has completed airborne gravity and magnetic surveys at Balangida Rift
Helium One switches rigs for Rukwa drilling campaign, spud still planned for next quarter
The rig will come with crew directly from a drilling campaign in the region with “no need for a lengthy rig assessment process”, while “rapid mobilisation” is also anticipated due to its structure
Helium One completes Rukwa drill rig audit
“The audit has allowed a complete assessment of the Rig's operational capability," said David Minchin, Helium One’s CEO
Helium One inks Baker Hughes partnership as it prepares to drill Tanzania well
Phase II work will get underway in January or February next year
Helium One doing all the right things to resume drilling, says broker
There should be “plenty of time” to complete the drilling campaign before the rainy season starts in mid-November, the analyst said
Helium One says rig audit 80% complete, working with contractor on Rukwa start date
Chief executive David Minchin said finding a suitable rig and well evaluation equipment for the East African market has been challenging due to increasing demand from oil and gas companies
Helium One Global aims to drill Tai prospect later this year
Seismic data and stratigraphic information have provided detailed information on the entire sedimentary sequence at the Tai prospect, while multiple subsurface helium shows prove a working helium system
Helium One remains well financed to deliver a discovery in the Rukwa Basin
"We have multiple rig options and our principal drilling engineer is currently travelling to perform an in-person assessment of appropriate rigs," the company revealed
Helium One data work reveals new areas of interest at Rukwa
Airborne, ground-based surveys and data interpretation will be used to identify the drill prospects
Helium One shares have 100% upside, according to City broker Liberum
Research by Oxford and Durham universities reinforced the potential prospects of Helium One’s flagship Rukwa basin project, pointing out “the reservoirs contain[ed] significant helium shows"
Helium One boosted by Oxford and Durham University study
"The Tanzanian East African Rift contains most, if not all, of the prerequisites for an economic helium province," said Professor Jon Gluyas, of Durham University’s Department of Earth Sciences.
Helium One shares rated ‘buy’ as stockbroker eyes 2022 programmes in Tanzania
Liberum’s ‘buy’ note comes with a 19p price target, suggesting substantial upside to the current share price.