RE: Revenue4 Sep 2024 20:49
22 May 2023
Helium One Global Ltd
("Helium One" or "the Company")
New CPR confirms a 61% increase in the 2U(1) Helium Prospective Resources for the Tai Prospect
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that the Company has completed an independent verification of the prospective resources at the Tai Prospect ("Tai"). The evaluation of the total gas and helium prospective resources, and completion of a competent person's report (CPR) for the Tai prospect has been carried out and issued by reserves auditors ERC Equipoise Ltd (ERCE).
Highlights:
-- The deterministic sum of the unrisked estimates of 2U(1) net helium prospective resources in the report is 2.8 billion cubic feet ("Bcf") and the deterministic sum of the unrisked 2U(1) total gas prospective resources is 212.2 Bcf across the combined intervals of the Lake Bed Fm, Nsungwe Fm, Karoo Sandstone and weathered Basement.