Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said the interpretation of Phase II 2D seismic data at Rukwa in Tanzania had identified multiple areas of interest at both the Lake Bed and Karoo Group levels.
The area surveyed was not previously covered by historic 2D seismic, so any newly identified closures would be in addition to the company's current resource base and prospect portfolio, said the company statement.
Airborne, ground-based surveys and data interpretation will be used to identify any drill prospects to incorporate into the 2022 campaign.
On this, Helium One added that talks are advanced over a containerised rig, which has the capacity and capabilities of a conventional drilling rig but can be broken into modules with the dimensions of standard ISO containers thus enabling quicker transportation.
David Minchin, chief executive, added: "Indications coming from ongoing interpretative work on 2D Seismic are very exciting and the team are confident that a number of new prospects will be generated, enhancing our portfolio of drill-ready targets.
“Within a very competitive drilling rig market, driven by increased oil and gas prices, the company remains confident that we will secure a suitable rig for drilling at Rukwa within the 2022 drilling season."