28 mins ago.................11 Aug 2021 13:18
Helium One Global Ltd, down 49% at 13.40p, 12-month range 3.80p-29.00p. The exploration and development
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company says one of the main intervals identified at the Karoo formation, located at Tanzania's Rukwa Project, couldn't be logged and tested further because of deteriorating conditions at the site. Further, petrophysical analysis indicated there was no free gas in the uppermost thinly bedded Karoo sands associated with helium shows, it adds. "Frustratingly, due to poor and deteriorating hole conditions, including large washouts across much of the Karoo, we were not able to run wireline tools downhole beyond 882m and have subsequently not been able to log the main Karoo Formation," Helium One says.
AIM WINNERS & LOSERS: Helium One deflates after drilling results
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