Helium One Global Ltd has overcome delays by securing and mobilising its own drilling rig, originally audited in July last year, to drill the Tai-C well at Rukwa in Tanzania. EPIROC PREDATOR 220 The move follows the company’s rectification notice last week to previous rig operator Sofori over delays and it has now cancelled dealings […]
Tag: Helium One Global Ltd
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Helium One issues notice to rig operator over delays
Helium One Global Ltd has taken legal advice and issued a rectification notice to its planned rig operator following continued delays to drilling operations at Rukwa in Tanzania. OPTIONS The company has had a series of issues over rigs since November 2022 when it had to change operator because of third-party legal complications. In January […]
Tai CPR shows 61% rise in unrisked prospective resource
Helium One Global reported a 61% increase in unrisked prospective resources from a new competent person’s report (CPR) for the Tai prospect at Rukwa, Tanzania. COMPETENT PERSON’S REPORT The increase follows more detailed interpretation of additional 2D seismic data acquired across Tai in 2021, and improved understanding of the structural closure. ERC Equipoise Ltd (ERCE) evaluated […]
Helium One to share drill rig for Rukwa campaign
Helium One Global has signed a letter in intent (LoI) for an oil and gas drill rig for the drilling campaign planned to start during Q3 at Rukwa in Tanzania. COST SAVINGS The company, along with Australian firm Noble Helium also operating in the area, signed the agreement with Tunisian drilling contractor Sofori* for the […]
Helium One-Noble to secure rig for Rukwa
Helium One Global Ltd and Noble Helium have agreed to co-operate to secure a suitable drilling rig, associated services and arrange logistics for its proposed drilling campaign at Rukwa in Tanzania. DRILLING CAMPAIGN In January, the company had to review alternative rig options after the expected rig became unavailable for Phase II drilling operations. The […]
Helium One appoints Kai Gruschwitz as technical director
Helium One Global Ltd has appointed Kai Gruschwitz as technical director. The company said it had issued 3,000,000 ordinary share options to Mr Gruschwitz. These will vest in three equal tranches over the next three years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February […]