Blencowe Resources raises £1.9m to accelerate DFS and progress to Tier-1 offtake agreements. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.355
Bid: 1.35
Ask: 1.36
Change: 0.031 (2.34%)
Spread: 0.01 (0.741%)
Open: 1.314
High: 1.40
Low: 1.314
Prev. Close: 1.324
HE1 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Helium One begins drilling at Itumbula

Mon, 08th Jan 2024 11:31

Helium One Global Ltd - Tanzania-focused helium explorer - Says drilling commenced on Saturday at the Itumbula West-1 well. In December, Helium One managed to raise GBP6.1 million from a placing and subscription of 2.42 billion new shares at 0.25 pence each to support drilling at Itumbula. The company says that drilling will target two fault zones which are thought to contain elevated concentrations of helium following a data-gathering project at the Tai-3 well in December. Drilling will also involve an "open hole well test" to measure gas shows using Geolog's mud logging services. Once these have been evaluated, Helium One may take further, downhole samples. The company expects the process from initial spud to the completion of mud logging and well testing to take around four to five weeks. A field pressure-volume-temperature specialist will be on site to measure helium gas samples, and Baker Hughes Co will provide service for wireline, fluids and cementing.

Chief Executive Officer Lorna Blaisse says: "This prospect demonstrates the potential to yield some positive results and, having the ability to both drill and test a fault play, provides us with every opportunity of giving it the best chance of a successful outcome. We look forward to making further announcements in due course as we drill, log and test the well".

Current stock price: 0.23 pence each, down 7.5% in London on Monday morning.

12-month change: down 96%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
6 Sep 2023 20:11

Helium One proposes GBP6.3 million placing to fund Rukwa exploration

(Alliance News) - Helium One Global Ltd on Wednesday proposed a fundraise of GBP6.3 million via a placing and subscription of new shares, alongside a retail offer of up to GBP500,000.

Read more
14 Aug 2023 10:30

Helium One Global eyes September spud at Rukwa project in Tanzania

(Alliance News) - Helium One Global PLC on Monday reported progress at its Rukwa project area, ahead of its phase 2 drilling programme.

Read more
1 Aug 2023 15:23

EXECUTIVE CHANGES: NWF chief and Michelmersh co-founder to retire

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

Read more
10 Jul 2023 11:48

LONDON MARKET MIDDAY: DWF surges on takeover offer; BT CEO resigns

(Alliance News) - Stock prices in London were mixed at midday on Monday, with concerns around the Chinese economy hurting investor confidence.

Read more
10 Jul 2023 10:26

AIM WINNERS & LOSERS: Helium One surges on rig purchase for Rukwa

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
10 Jul 2023 09:55

Helium One buys Epiroc drilling rig; aims to drill in September

(Alliance News) - Helium One Global Ltd on Monday said it has acquired an Epiroc Predator 220 drilling rig for use at its Rukwa project in Tanzania.

Read more
7 Jul 2023 13:52

Helium One concerned by lack of progress with SOFORI

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global updated the market on its contractual relationship with SOFORI on Friday, following a recent announcement from Noble Helium.

Read more
7 Jul 2023 10:37

AIM WINNERS & LOSERS: Aptamer shares claw back some lost ground

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
7 Jul 2023 09:44

Helium One Global shares drop on difficulties with drilling contractor

(Alliance News) - Helium One Global Ltd on Friday said it continues to have concerns about the lack of operational and contractual progress regarding its letter of intent with drilling contractor SOFORI and has consequently issued the firm a rectification notice.

Read more
22 May 2023 16:10

TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
22 May 2023 11:48

Helium One reports strong expansion to Tai Prospect resource

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced a new independent verification of prospective resources at its Tai Prospect on Monday.

Read more
6 Apr 2023 11:01

Helium One signs letter of intent to share rig for Rukwa drilling

(Alliance News) - Helium One Global Ltd on Thursday said that it has, alongside Noble Helium, entered into a letter of intent for an oil and gas rig to drill at Rukwa.

Read more
27 Mar 2023 12:22

IN BRIEF: Helium One interim loss widens; plans to secure rig at Rukwa

Helium One Global Ltd - Tanzania-focused primary helium explorer - Pretax loss for the six months ended December 31 amounts to USD1.9 million, widened slightly from USD1.8 million a year before. Says it has successfully raised GBP9.9 million in December to fund itself through the 2023 drilling programme in the Rukwa basin, expected in the third quarter of 2023. Net cash amounts to USD13.7 million as at December 31.

Read more
23 Feb 2023 18:48

TRADING UPDATES: Pittards profit warning; R&Q premiums rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
23 Feb 2023 15:46

Helium One enters cooperation deal with Noble Helium

(Sharecast News) - Tanzania-focussed helium exporter Helium One Global announced a new cooperation agreement with Noble Helium, an Australian exploration company.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.