Extractive Industries

Helium One identifies priority drill target

Helium One Global said it had identified a priority drill target at the Tai prospect at its Rukwa (100%) project area in Tanzania.

Focus: Helium One aims for cost effective exploration (Helium One Global)

DRILLING

The company added that the drill location was guided by Phase II seismic which had improved definition of the Tai structure and identified an untested closure in the Lake Beds.

Well Tai1/1A provided detailed information on reservoir and seal as well as identifying subsurface helium which proves a working helium system.

The Tai prospect is the most advanced of all leads and prospects identified in the 3,448km2 Rukwa basin.

Helium One is negotiating with a rig operator and service companies with the objective of drilling the Tai prospect in Q3/Q4 2022, before the start of the rainy season. 

PHASE III EXPLORATION

Helium One will conduct a fieldwork programme in the Balangida Basin to ground truth helium seeps identified in recent multispectral satellite spectroscopy data.

The company is also in the process of purchasing high resolution airborne gravity gradiometry data across the Eyasi and Balangida basins as it continues its exploration focus with an initial 2D seismic campaign targeted for Q4 2022.

DATA

“We are delighted to be pressing ahead with our Phase II programme with a priority drill target identified,” said chief executive David Minchin.

“We are maintaining our focus on cost effective exploration with an emphasis on defining a discovery in 2022. 

“Geological risk at Tai has been better understood from detailed stratigraphic data and the recognition of helium shows identified in the 2021 drilling campaign.” 

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