Helium One Global plc is reviewing alternative rig options after the expected rig became unavailable for Phase II drilling operations at Rukwa, Tanzania. EXHALO RIG The company had expected the Exhalo rig to mobilise in early 2023 and continued negotiations until it was yesterday “unexpectedly notified” that the current operator had decided to retain the […]
Tag: Helium One Global Ltd
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Helium One to find exploration targets at Balangida
Helium One Global plc has completed analysis of data ahead of generating helium gas exploration targets over the Balangida Rift Basin in Tanzania. BALANGIDA The project is the company’s smallest and comprises one prospecting licence covering 260km2 in the north central part of the country. Balangida lies near established infrastructure and is 69km from the […]
Helium One issues 84,745 shares in warrant exercise
Helium One Global Ltd said it had received notice to exercise warrants over a total of 84,745 ordinary shares each at 3.55 pence. Following admission, the company’s issued share capital will comprise 622,356,286 ordinary shares with none such shares held in treasury.
Helium One changes rig company
Helium One Global said that third-party legal complications, affecting time and availability, had prompted it to choose a new company for the drilling rig at its 100% owned Rukwa licence in Tanzania. EXHALO DRILLING RIG The company is on course to begin the Phase II drilling programme in Q1 2023. Helium One had previously chosen […]
Helium One completes rig audit for phase II
Helium One Global reported the completion of the engineering audit on the drilling rig for the Phase II programme ahead of spudding in early 2023 at Rukwa (100%) in Tanzania. AUDIT Aberdeen Drilling Consultants (ADC) signed off the Epiroc Predator 220 drilling rig as fit for purpose after a detailed examination including a successful high […]
Helium One reduces licence area
Helium One Global plc has reduced its licence area by 1,548 km2 ahead of its Phase II exploration drilling of the Tai prospect in early 2023 at the Rukwa project in Tanzania. FOOTPRINT Helium One conducted a review on a prospecting licence footprint in the Rukwa Rift Basin totalling 3,448 km2. Following the review, the […]