Helium One Global Ltd's (AIM:HE1, OTCQB:HLOGF) latest test of its Tanzania well feels like a "big step towards demonstration of commerciality", said Panmure Liberum in a note.
Itumbula West-1 (ITW-1) flowed at a maximum rate of 2,701 barrels per day, equating to 834 standard cubic feet per day (scf/d) of helium.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reported sustained helium flow following the completion of extended well test (EWT) operations at the Itumbula West-1 (ITW-1) well in Tanzania.
The well flowed at a maximum rate of 2,701 barrels per day, equating to 834 standard cubic feet per day (scf/d) of helium – meanwhile, the company’s internal modelling suggests the rate could increase to 6,176 scf/d using artificial lift in future production phases.
HeLIX Exploration PLC (AIM:HEX) told investors that the Clink #1 well at the Ingomar Dome project has encountered significant shows of helium and hydrogen gas in the Amsden, Charles, and Flathead formations.
The Clink #1 well reached a target depth of 8,030 feet on 23 August, though since then operations paused prior to wireline logging due to wellbore stability issues.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) used today’s half-year financial report statement to give investors a rundown of its projects in Alaska, Texas, and Namibia.
Project Phoenix, in Alaska, remains a primary focus.