RE: Operational update7 Mar 2024 08:44
Helium One Global Ltd Forward Operational Update
Source: RNS Regulatory News
RNS Number : 9040F
Helium One Global Ltd
07 March 2024
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
07 March 2024
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Helium One Global Ltd
("Helium One" or "the Company")
Forward Operational Update
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to provide the following update on future operations at Rukwa.
Highlights
· Drill stem test ("DST") results carried out on the Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day ("mmscfd") containing 4.7% helium
· Extended well test ("EWT") planned on Itumbula West-1 well in Q3 2024
· Resource estimates and subsurface modelling being progressed
· Early engagement with vendors regarding production facility engineering as the Company's focus transitions towards development and production
· Company-owned Epiroc Predator 220 drilling rig is currently hot stacked and remains in a state of operational readiness