RE: Lab tests reveal green helium reservoir’s high concentration4 Mar 2024 15:03
Helium One Global Ltd Itumbula West-1 well flows helium(4.7%) to surface
Source: RNS Regulatory News
RNS Number : 9445B
Helium One Global Ltd
05 February 2024
Highlights
· Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations
· The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium
· A measured helium concentration of 4.7% equates to almost nine thousand times above background levels
· Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels
· Wireline logs, including image logs, demonstrated the location of fault and fracture zones and these were used to locate optimal well test intervals