20. November. Drilling results7 Jan 2024 13:23
Lorna Blaisse, Chief Executive Officer, commented:
"These results are very encouraging indeed and we are delighted to have completed the Tai-3 well safely and to have been able to acquire a full set of wireline logs and downhole samples. This is an excellent result for the Company and a huge testament to the team's performance, especially given the challenges we have faced along the way.
Whilst disappointing that we were unable to run the wireline tools further into the Basement target at this time, given the increased helium shows we saw at this depth, we are confident that by casing the well and suspending Tai-3, we will be able to return at a later date and target the fractured Basement helium play which we believe to have significant potential.
We have continued to demonstrate that there is an established working helium system in the Rukwa Basin and the Tai-3 well has given us a fundamental set of geological learnings, which we now intend to apply to the Itumbula prospect.
Once Tai-3 has been rigged down we will move the rig to Itumbula where our primary focus will be on repairing the Predator 220 rig and, armed with valuable information and data gained from Tai 3, moving onto our second well of this drilling campaign on Itumbula."