RE: New video just out by LORNA10 Mar 2024 00:10
James Smith, Chairman of Helium One commented:
"This has been an incredibly busy and transformational period for the Company, especially post the half year-end. The acquisition of our own rig in July 2023 enabled us to commence our second drilling campaign and provides us with significant optionality going forward, whether that be to drill additional wells efficiently and quickly or as a future revenue stream for the Company.
"Helium One's Phase II drilling campaign has been very successful. Tai remains an interesting prospect which has been logged and sampled, and the Tai-3 well has been cased and suspended. The results from Itumbula can only be seen as transformational for the Company; flowing helium concentrations at these levels to surface would position Itumbula in the top section of major helium producing fields and this success is a testament to the hard work of the team and their expertise. The results acquired across both wells will now hold our focus as we look to evaluate the best way to advance this project in the most effective way possible.
"This is an exciting time for the Company, and we would like to thank all our stakeholders, local communities and the Government of Tanzania for their continued support and look forward to providing further updates in the near future."
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