logo-loader

Helium One sets focus on helium opportunity in Tanzania's Rukwa Basin

Last updated: 10:35 15 Mar 2024 GMT, First published: 09:44 13 Sep 2023 BST

Snapshot

  • Helium One drill results 'highly encouraging', says investment bank
  • Helium One's CEO Lorna Blaisse on navigating challenges and plans post Tai-3 Exploration - ICYMI
  • Helium One has ‘transformational resource potential’ with Itumbala campaign
  • Helium One sets sights on leading global helium production with Tanzanian project
Helium One

About the company

Helium One Global Ltd is an AIM-listed Tanzanian explorer holding prospecting licences totalling more than 2,965 km2 across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The company's Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.

The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume.

All Helium One licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

How it is doing

08 Mar 2024

Investment bank Liberum described Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)'s drill stem test (DST) results from its asset in Tanzania as highly encouraging, though it also noted these are "early days" in the process of unlocking the potential of the project.

The hotly anticipated update on the Itumbula West-1 well measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%.

The company now intends to carry out a more extensive and detailed extended well test (EWT) on the same well in the third quarter of 2024.

It is now also advancing desktop work, to compile resource estimates and subsurface modelling.

07 Mar 2024

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has provided a hotly anticipated update on its operations in Tanzania, where it says that the drill stem test (DST) of the Itumbula West-1 well has measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%.

The company now intends to carry out a more extensive and detailed extended well test (EWT) on the same well in the third quarter of 2024.

05 Mar 2024

Lloyds, Nvidia, Rolls Royce and Helium One Global were some of the most bought stocks in February, according to Interactive Investor.

Helium One Global was the most bought stock during the month, with shares in the gas explorer having jumped around 720% since the start of the year.

Insight: Helium One's CEO Lorna Blaisse on navigating challenges and plans post Tai-3...

25 Nov 2023

In an interview with Lorna Blaisse, CEO of Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF), we delve into the company's recent activities and strategic decisions following the conclusion of their exploration work at the Tai-3 well in Tanzania.

Helium One, an AIM-listed Tanzanian explorer, faced challenges but also achieved noteworthy progress, revealing significant findings about helium concentrations.

What the brokers say

15 Mar 2024

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has "transformational resource potential" on its hands with the Itumbala West-1 drilling campaign, according to Liberum analysts.

Liberum stated that Helium One’s current share price “does not fully reflect the commercial potential of Itumbula in particular”, with analysts highlighting high concentrations (4.7%) of helium as a potential "world-class" discovery.

Liberum's report emphasised the global helium supply and demand dynamic, noting the critical nature of the balance and its implications for Helium One.

What management says

08 Mar 2024

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) chief executive Lorna Blaisse joins Proactive's Stephen Gunnion to recap what the company has billed as a transformational period.

The drill stem test (DST) of the company's Itumbula West-1 well in Tanzania has measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%. Encouragingly, Blaisse said the absence of other hydrocarbons position it uniquely in the global helium market.

Blaisse said the interim results from the drill stem tests at Itumbula are encouraging, with the company planning an extended well test at the Tai-1 site to better understand the gas flow over a longer period.

Meet the management

27 Nov 2020

HeliumOne - (LON:AOGL) Presenting at the Proactive One2One Virtual Forum

Helium One sets sights on leading global helium production with Tanzanian...

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) chief executive Lorna Blaisse joins Proactive's Stephen Gunnion to recap what the company has billed as a transformational period. The drill stem test (DST) of the company's Itumbula West-1 well in Tanzania has measured a minimum flow rate of 0.5...

2 weeks, 6 days ago