In an exclusive chat with Thomas Warner, Lorna Blaisse, chief executive of Helium One PLC, sheds light on the company's current drilling activities at the Tai-3 site in Tanzania.
Blaisse outlines the target depth, the technologies being utilised, and the timeline for upcoming updates.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors it has now begun operations for its project to re-enter the Alkaid-2 well, with the exploration company seeking to harvest best possible data rather than maximise flow rates.
"We are pleased that operations for the re-entry at Alkaid-2 have now begun,” chief executive Jay Cheatham said in a statement.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has increased its borrowing base up to US$425 million via a semi-annual review process.
The company, in a statement, said its sustainability-linked revolving credit facility was increased from US$375 million with 100% approval across all lenders in its 14-bank syndicate.
Following today’s announcement that Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has kicked off drilling for the Tai-3 well in Tanzania, analysts at SP Angel suggested the group is now “fully funded” to move onto a second exploration well on the Itumbula prospect ahead of the wet season.
Helium One previously suggested that Itumbula drilling would commence immediately after the Tai-C programme, using proceeds from a £6.8 million subscription and retail offer.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors that drilling has now kicked off for the Tai-3 well in Tanzania.
Drilling began earlier on 25 September and is slated to comprise around 1,100 metres with target depth (TD) anticipated within two weeks.