Helium One Global Ltd has raised £4.7 million before expenses through a company-led placing of 313,333,333 new ordinary shares at a price of 1.5p per share. The placing price represents a discount of approximately 30% to the closing share price of 2.16p on 6 February 2024. Following admission, Helium One’s issued and fully paid share […]
Tag: Helium One Global Ltd
Helium
Helium One ITW-1 flows helium to surface
Helium One Global Ltd’s completed Itumbula West-1 well flowed high concentration helium, measuring 4.7%, from Basement to the surface at Rukwa in Tanzania. EVALUATION The company yesterday said that a measured helium concentration of 4.7% equates to almost 9,000 times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of […]
Helium One finds elevated shows in ITW-1
Helium One Global Ltd reported consistent elevated helium shows, over twenty times above background, while drilling the Itumbula West-1 well on the Rukwa licence in Tanzania. EVALUATION Drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets yesterday, reached a total depth of 961m measured depth. Helium shows increased in frequency […]
Helium One begins drilling Itumbula West-1 well
Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]
Helium One reaches £6m via 72% discounted fundraise
Helium One Global Ltd raised £6.1 million through the issue of 2,420,842,500 new ordinary shares, of no par value in the capital of the company, each at a price of 0.25 pence. DIRECTORS’ DEALINGS The oversubscribed fundraise comprised a placing of 2,413,642,500 new ordinary shares, raising £6m, and a direct subscription of 7.2m new ordinary […]
Helium One needs more funds to drill Itumbula well
Helium One Global Ltd needs further funds to drill the Itumbula well once it has repaired its drill rig on the Rukwa licence in Tanzania. COSTS The company has faced setbacks from delays and component failures but aims to spud the new well in early January 2024. A full cost analysis and budgeting exercise showed […]