TIDMAOGL

RNS Number : 3491F

Attis Oil and Gas Ltd

16 November 2020

16 November 2020

Attis Oil & Gas Limited

Helium One Investor Presentation

Attis Oil and Gas Limited (AIM:AOGL) is pleased to announce that further to the announcement of 5 November 2020 re the Proposed Amalgamation of Attis and Helium One Treasury Ltd ("Helium One" or the "Company") that David Minchin, CEO of Helium One will be hosting a live presentation on the Investor Meet Company Platform.

The Presentation will be hosted through the digital platform Investor Meet Company at 14.30 on the Wednesday 18 November. David Minchin will present an overview of Helium One and its assets, the Helium Market, the proposed amalgamation with Attis Oil and Gas as well as an overview of the Company's plans for the future.

Investors can sign up to Investor Meet Company for free and add to meet Attis Oil and Gas via the following link https://www.investormeetcompany.com/attis-oil-and-gas-ltd/register-investor. For those investors who have already registered and added to meet the Company, they will automatically be invited.

Questions can be submitted pre-event to heliumone@tavistock.co.uk or in real time during the presentation, via the "Ask a Question" function. Whilst the Company will not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market through regulatory notifications. Responses to the Q&A from the live presentation will be published at the earliest opportunity on the Investor Meet Company platform.

Investor feedback can also be submitted directly to management post the event to ensure the company can understand the views of all elements of its shareholder base.

A copy of the presentation is available on the Company's website www.helium-one.com

For further information visit www.attisog.com or contact the following:

 
 Paolo Amoruso     Attis Oil & Gas Ltd            +1 713 869 1544 
 David Minchin     Helium One Global Ltd          +44 20 7920 3150 
 Roland Cornish    Beaumont Cornish Ltd           +44 20 7628 3396 
 James Biddle      Beaumont Cornish Ltd           +44 20 7628 3396 
 Duncan Vasey      Peterhouse Capital Limited     +44 20 7220 9792 
  Lucy Williams     Peterhouse Capital Limited     +44 20 7220 9792 
 Nick Elwes        Tavistock PR                   +44 20 7920 3150 
 Charlie Vivian    Tavistock PR                   +44 20 7920 3150 
 

Further information on Helium One

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to resolve a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km(2) in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.

The Rukwa Project or Rukwa, Helium One's main project, is located within the Rukwa Rift Basin covering 3,448km(2) in south-west Tanzania. The project is considered to be an advanced exploration project and the company has identified 21 prospects and 4 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seeps analysis.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) (2U Risked Prospective Resource is estimated at 14.0 Bcf) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

Helium One's additional two projects, Eyasi and Balangida, which cover areas of 804km(2) and 260km(2) respectively, are located in north central Tanzania. Both have exceptional helium gas concentrations at surface, and ideal geology for source, reservoir, trap and seal. These projects are not as advanced in their exploration as Rukwa; however, Helium One has commenced work programmes, including an airborne gravity survey, to define the prospective sub-surface structures.

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

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November 16, 2020 02:30 ET (07:30 GMT)

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