Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
Tag: Rukwa – Tanzania
Helium One nears rig set-up completion on Tai-C
Helium One Global Ltd has appointed a 24-hour drill crew and completed 90% of setting up the rig on Tai-C well for phase II drilling at Rukwa in Tanzania. CONTRACTS The remaining long lead items are on schedule to arrive during the second week of September with drilling on course to start during the second […]
Helium One completes civils work to spud Tai-C
Helium One Global Ltd is on schedule to start Phase II drilling of the Tai-C well on the Rukwa project following completion of civils work and 2.4km long access road. EQUIPMENT Sub-contractor TNR Ltd has prepared and constructed a 130m x 180m well pad and a concrete cellar to house the wellhead. The well pad, […]
Helium One chairman Ian Stalker steps down
Helium One Global non-executive chairman Ian Stalker will resign from his position to reduce the number of his non-executive roles. He will be replaced by current non-executive director James Smith, with immediate effect. During his tenure Mr Stalker oversaw Helium One list on AIM and the inaugural drilling programme at the Rukwa licence in Tanzania. […]
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 […]
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 […]