Helium one global news

4440449 One Global Ltd reported earnings results for the half year ended December 31, For the half year, the company reported sales was USD 0, helium one global news. Net loss was USD 1. Basic loss per share from continuing operations was USD 0.

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Helium one global news

Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator drilling rig, which it said had been successfully mobilised to the Rukwa site. The AIM-traded firm said the start of the second drilling campaign in the third quarter proceeded as scheduled. Notably, the drilling of the Tai-3 well was completed, reaching a total depth of 1, metres measured depth, providing valuable data for understanding the region and identifying the follow-on Itumbula prospect. Since the half-year ended, the company had drilled the Itumbula West-1 well, achieving a total depth of metres measured depth at a revised well location. Subsequently, significant discoveries were made, with the well flowing a high concentration of helium at 4. Those concentrations were thousands of times above background levels, indicating promising potential for commercial extraction. Moreover, hot basement fluids exceeding 80 degrees Celsius were encountered across the fault zone, consistent with helium and hydrogen prone intervals. Despite the complexity of operations, the company maintained a strong safety record, with operating days completed since the spud of the Tai-3 well, boasting zero lost time injuries. Smith said Tai remained an interesting prospect which had been logged and sampled, while the Tai-3 well had been cased and suspended. Josh White Sharecast News. Mining 8,

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Encouragingly, Blaisse said the absence of other hydrocarbons position it uniquely in the global helium market. Blaisse said the interim results from the drill stem tests at Itumbula are encouraging, with the company planning an extended well test at the Tai-1 site to better understand the gas flow over a longer period. Helium One Global's pure helium play differs significantly from other helium sources, which are typically byproducts of hydrocarbon gas production, with lower helium concentrations. The company's high helium concentration and the absence of other gases allow for a smaller, more cost-effective processing plant design. Moving into an extended well test and appraisal phase, Blaisse said Helium One aims to transition from exploration to appraisal, leveraging its proprietary drilling rig for further exploration and potentially deepening the Tai-3 well. The rig is currently hot stacked, ready for quick deployment, with operations planned as early as the third quarter of

Helium one global news

Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania , where testing confirmed significant helium concentrations up to 4. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally. Unlike many projects that produce helium as a byproduct of hydrocarbon extraction, Helium One's project is unique for its pure helium, nitrogen, and now hydrogen mix, without any methane or carbon dioxide, making it exceptionally promising for industrial and technological applications.

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You can contact us here. Lorna Blaisse, Chief Executive Officer, commented:. Allow cookies Change settings. See all companies matching. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations. This communication is intended for information purposes only and does not constitute an offer, recommendation, solicitation, inducement or an invitation by, or on behalf of, the Company or any affiliates to make any investments whatsoever. Click the button below to log in and view your recent history. Novo Nordisk obesity pill beats Wegovy in trial 07 Mar. Advertise Here. Edited by: Philip Whiterow.

Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania, where testing confirmed significant helium concentrations up to 4. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally.

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We use this information to make our site faster, more relevant and improve the navigation for all users. Finance Coinbase hires George Osborne as it looks to expand, fight legal Already a member? Additional spare parts are being obtained while the rig remains in a state of operational readiness. Get Started. The Company is also reviewing its options to drill another well this year, following the commencement of the EWT. The Company looks forward to making further updates in due course. About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Sign in. Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator drilling rig, which it said had been successfully mobilised to the Rukwa site. You can contact us here. Clear Search.