Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) CEO Lorna Blaisse speaks to Thomas Warner from Proactive after the AIM-listed Tanzanian explorer announced the conclusion, at least for now, of work at the Tai-3 well.
Despite challenges, Blaisse says the company successfully drilled deeper than anticipated, revealing increasing helium shows with depth. While no free gas was sampled, helium concentrations in fluid samples reached around 1%.
Blaisse explains the decision to pack down the rig at Tai-3 and move it to its next location, citing the recent mechanical issues with the rig.
She says the work completed at Tai-3 will be invaluable for refining strategies at Itumbula, where drilling will target a major fault linked to prolific helium seeps.
The CEO also outlines a timeline for operations, with rig dismantling and relocation expected to take around a week. The team is actively sourcing parts and a new iron roughneck from the U.S., predicting a 2-3 week timeline for equipment arrival and customs clearance.