Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania. The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation. Following admission, Helium One’s issued […]
Tag: Rukwa – Tanzania
Helium One completes Galactica-Pegasus deal
Helium One Global Ltd has completed its farm-in agreement for the Galactica-Pegasus project in Las Animas County, Colorado, USA. DIVERSIFY The company will earn a 50% interest by paying $1.5 million cash to operator Blue Star Helium, which discovered the field in 2022, and funding the drilling of six development wells. Operations are expected to start during […]
Helium One NED steps down
Helium One Global Ltd non-executive director Russel Swarts has stepped down with immediate effect. Mr Swarts has decided to focus on his other interests. Non-executive chairman James Smith said: “The board would like to take this opportunity to thank Russel for his significant contribution both as a board member and as part of the senior […]
Helium One approved for new Colorado wells
Helium One Global Ltd’s farm-in project has received approval for five new proposed helium development well locations at the Galactica-Pegasus project in Las Animas County, Colorado, USA. PORTFOLIO Australian owner Blue Star Helium’s planned locations comprise Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 L4. Drilling is expected to begin this quarter subject to receipt […]
Helium One flows up to 7.6% helium at ITW-1
Helium One Global Ltd said it had successfully flowed up to 7.6% helium to surface on completion of the first phase of the extended well test at Itumbula West-1 at Rukwa in Tanzania. BASEMENT Operations on the faulted Karoo Group interval resulted in an average flow of 786 barrels per day (bpd) for a period […]
Helium One encounters ‘higher’ shows in ITW-1
Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]