Helium One Global Ltd Commencement of Drilling Tai-2 Exploration Well (1029J)
19 Agosto 2021 - 1:00AM
UK Regulatory
TIDMHE1
RNS Number : 1029J
Helium One Global Ltd
19 August 2021
19 August 2021
Helium One Global Ltd
("Helium One" or "the Company")
Commencement of Drilling Tai-2 Exploration Well
Helium One (AIM: HE1) is pleased to announce the commencement of
drilling operations at the Tai-2 exploration well at its 100% owned
Rukwa Project in Tanzania .
Highlights
-- Helium One has commenced exploration drilling at Tai-2, the
second exploration well targeting the Tai prospect.
-- The exploration well targets prospective Lake Bed
stratigraphy, which was identified but not fully evaluated in
Tai-1.
-- Tai-2 is located 20m from Tai-1 and utilises the same drill
pad, saving time and money in relocation compared to mobilising
from one site to another.
Tai-1 has de-risked the Rukwa Basin by proving a working helium
system. With 3,500km(2) of untested licences in the Rukwa area,
Helium One is excited to continue exploration in this highly
prospective helium basin.
With confirmation of a working helium system, Tai-1 supports
ongoing exploration with helium shows identified at multiple
stratigraphic intervals. The drilling at Tai-2 will test one of
several targets highlighted for additional exploration following
positive results from Tai-1.
David Minchin, Chief Executive Officer, commented:
"Having proven a working helium system with Tai-1, Helium One
have substantially de-risked the Rukwa basin. Demonstration of seal
and reservoir, as well as helium shows at multiple stratigraphic
levels, indicates a working system in which free helium gas is
waiting to be discovered. Helium One maintains 100% ownership of
licences at Rukwa covering approximately 3,500km(2) in what must
now be considered the world's premier basin for helium
exploration.
"We are delighted to have started drilling activity at Tai-2,
testing shallower targets that were not fully evaluated in Tai-1.
Tai-2 is approximately 20m from Tai-1, is on the same drill pad and
uses the same infrastructure, therefore saving time and money by
drilling here rather than moving on to a new location.
"We are excited to continue with our 2021 exploration campaign
with drilling at Tai-2."
For further information please visit the Company's website:
www.helium-one.com
Contact
Helium One Global Ltd
David Minchin, CEO +44 20 7920 3150
Beaumont Cornish Ltd (Nominated
Adviser)
James Biddle
Roland Cornish +44 20 7628 3396
Canaccord Genuity Limited (Joint
Broker)
Adam James +44 20 7523 8000
Peterhouse Capital Limited (Joint
Broker)
Lucy Williams +44 20 7220 9792
Tavistock (Financial PR)
Nick Elwes
Tara Vivian-Neal +44 20 7920 3150
Notes to Editors
Helium One has identified a globally unique, large-scale,
high-grade, primary helium project in Tanzania with the potential
to become a strategic asset in resolving 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 Helium One (Gogota) Limited, Helium One (Stahamili)
Limited and Helium One (Njozi) 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 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 4 prospects and 21 leads based on historical
drilling, reprocessed seismic lines, high resolution gravity
survey, and surface seep analyses.
SRK Consulting have reported a 'Best Estimate' Un-risked
Prospective Resource of 138 Bcf (2U/P50) 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.
All Helium One's licences are held on a 100% equity basis and
are in close proximity to the required infrastructure.
Helium One is listed on the AIM market of the London Stock
Exchange with the ticker of HE1 and on the OTCQB in the United
States with the ticker HLOGF.
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