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Oil & Gas

Helium One kicks off Phase 2 seismic programme at Rukwa

“It is intended that new seismic data will identify 'deep' targets in structures similar to Tai that could be trapping substantial helium resources,” said David Minchin

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has kicked off its Phase 2 seismic acquisition programme at the Rukwa project in Tanzania.

The company, in a statement, said that the 200-kilometre 2D seismic programme was now underway to target northern extensions of known structural highs that are believed to act as a charge focus for helium migration.

"We are delighted to be able to progress rapidly to the next stage of the seismic campaign at Rukwa,” said chief executive David Minchin.

“With excellent ground conditions and very little vegetation in the last month of the dry season, our survey and line clearing teams have advanced quickly, allowing us to deploy vibroseis trucks and commence acquisition.”

“It is intended that new seismic data will identify 'deep' targets in structures similar to Tai that could be trapping substantial helium resources.”

Helium One aims to develop new drill-ready targets, using the seismic data, for its planned 2022 conventional drilling campaign.

The company also announced the appointment of Mark Beeson to the operational team as consultant geophysicist.

“His [Beeson’s] valuable experience strengthens our ability to secure and interpret high quality seismic data which will be invaluable in guiding our 2022 conventional drilling campaign," Minchin added.

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