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Oil & Gas

Helium One begins ERT survey at Rukwa project

"We look forward to receiving the results of this survey which will contribute significantly to our understanding of potential shallow helium plays within the top 200m of the Rukwa basin," said CEO David Minchin

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it commenced an Electrical Resistivity Tomography (ERT) survey at its 100%-owned Rukwa project.

The ERT will investigate specific priority areas identified from Phase I and Phase II 2D seismic as well as surface helium anomalies identified in a recently completed multispectral satellite spectroscopy (MSS) study, the primary helium explorer said in a statement.

The results from the ERT will help with planning future exploration, it noted.

READ: Helium One extends Tanzania seismic programme after encouraging early results

"With the arrival of the rainy season providing saturated ground conditions ideal for running the ERT survey, results to date have shown interesting resistivity anomalies that justify additional data acquisition, interpretation and evaluation," said Helium One Global chief executive David Minchin.

"Having completed our testing phase over the Tai prospect, the survey team will now move on to investigate other priority targets identified in Phase I and Phase II 2D seismic, as well as areas with near surface helium anomalies identified in our recent MSS study.

"We look forward to receiving the results of this survey which will contribute significantly to our understanding of potential shallow helium plays within the top 200m of the Rukwa basin."

Shares jumped 4.55% to 11.50p in midmorning trade.

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