RE: NHE Noble Helium lab results just released6 Feb 2024 22:57
7 February 2024
Mbelele lab results confirm high helium concentrations
at North Rukwa Project
Highlights
• Helium concentration of 2.46% confirmed in highly permeable reservoirs at the North Rukwa
Project’s Mbelele prospect
• Full section net reservoir increased by over three times to 148m in Mbelele-1 and almost two
times to 271m in Mbelele-2 after whole wellbore petrophysics analysis
• Hydrogen shows at up to 1,500 times background consistently for the upper 350m of Mbelele-2
• Funding in place to complete all required appraisal work
Noble Helium Limited (ASX:NHE) (“Noble Helium” or “the Company”) confirms
the Mbelele prospect at its North Rukwa Project in Tanzania has returned very
high helium concentrations of 2.46% following lab testing.
The results are in line with the Company’s initial field calculations based on the gas recovered from
helium-enriched fluids across multiple reservoirs during the two-well drilling campaign in the
December quarter. Results compare favourably against other helium projects around the world. To
put it in perspective, Mbelele’s helium concentrations are more than seven times the USA’s average
concentrations of 0.35%. Average helium concentrations in the established production precincts of
Qatar and Algeria are 0.05% and 0.19% respectively.1
Noble Helium’s Chairman, Mr Shaun Scott, said the lab results were an exceptional outcome
for the company.
“Many positives are now aligning. The Mbelele structure has very good helium concentrations
contained within exceedingly thick, porous, permeable and stacked reservoirs, and we’re now
pursuing low-cost testing, production and development technologies,” Mr Scott said.
“Further, this result doesn’t include the shallower gas cap which wasn’t sampled due to operational
constraints. When you consider there’s a noticeable increase in helium concentration from deep to
shallow, the upside looks very exciting.”
1 Source: United States Geological Survey
ASX Release
Green helium for a
high-tech world.