Helium One Global plc is in the final stages of auditing activities for its planned Phase II drilling campaign at its Rukwa (100%) project in Tanzania. RIG AUDIT The company said sub-contractor ADC Energy had completed 80% of an independent audit of the proposed drilling rig in its yard in Kenya. Key components observed in […]
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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. 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 […]
Helium One appoints Nigel Friend as NED
Helium One Global Ltd has appointed Nigel Friend to the board as a non-executive director with immediate effect. Mr Friend has more than 35 years’ experience in the oil and gas industry and corporate finance. Over his career he has developed extensive expertise in successfully growing companies through a clear focus on cash generation. As […]
Helium One seismic identifies new areas of interest
Helium One Global Ltd said its phase II seismic data had identified multiple areas of interest with potential new closures at its Rukwa project in Tanzania. 2D SEISMIC The company added that the potential closures were at both the Lake Bed and Karoo Group levels. Previous 2D seismic did not cover the area surveyed meaning […]
Helium One awards management stock options
Helium One Global Ltd said it had awarded management stock options to new members of the management team. CAPITAL The company added it will issue 6,000,000 options to acquire ordinary shares at a strike price of 13p to new members of the management team. The options vest over a three-year period in three equal tranches. […]
Helium One confident over 2022 exploration
Helium One Global said it was in a strong position and well financed to deliver a further ambitious exploration programme at its 100% owned Rukwa project in Tanzania. FINANCES In its audited results for the year ended 30 June 2021, the company’s net assets were $28,536,258 compared with $7,783,836 at 30 June 2020. Helium One […]