Helium One Global Ltd (AIM:HE1) (AIM:HE1) (AIM:HE1) David Minchin joins Proactive's Katie Pilbeam after completing the drilling of its first well, Tai-1A, at the Rukwa helium project in Tanzania.
Minchin says these results are a 'mixed bag' and talks through all of the details, with helium shows in a total of five intervals of the Karoo formation including all three pre-drill targets.
Due to poor and deteriorating hole conditions, including large washouts across much of the Karoo, Minchin explains why they were not able to run wireline tools downhole beyond 882m and have subsequently not been able to log the main Karoo Formation.