Helium

News Oil & Gas

Helium One completes Tai-1A drill

Helium One Global Ltd has completed drilling the Tai-1A exploration well to a depth of 1,121m but poor hole conditions prevented logging below 882m at its 100% owned Rukwa project in Tanzania. KAROO FORMATION The company said that helium shows had been identified in all three target formations and encountered over five intervals in the […]

Finance News Oil & Gas

Scirocco sells Helium One shares for £1.22m

Scirocco Energy plc has sold a further 5.3 million ordinary shares in Helium One Global Ltd for £1.22m. The company has also exercised its one million share options, with a strike price US$0.035. Scirocco now holds 5,256,088 ordinary shares, representing some 0.85% of Helium One’s current issued share capital. In total, Scirocco has realised around […]

News Oil & Gas

Helium One confirms gas show as Tai-1 drill is delayed

Helium One Global Ltd confirmed a further helium gas show in drilling mud in the red sandstone group at its Rukwa project in Tanzania. The company also announced a delay to drilling the sidetrack from Tai-1 well after the drill string became lost at 561 metres. GAS SHOW Helium gas shows, identified in stratigraphy above the company’s primary […]