Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is fully committed to Phase II drilling at Rukwa with a re-drill of the Tai prospect, where a new well to a depth of 1,300 metres is still planned.
Discussions are underway with several rig groups with a preferred contractor identified while talks with another operator regarding rig sharing options are also ongoing, it said in a presentation ahead of its AGM.
Lorna Blaisse, the company's new chief executive, will give an updated presentation at the meeting.