RE: Timetable estimate12 Aug 2024 15:41
Regarding Tai 3
From Forward Operational Update RNS of 7th March -
Helium One is currently working towards an EWT in Q3 2024 on Itumbula West-1 in order to confirm flow rates and the fluid composition. Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. The Company has already approached vendors regarding such facilities and will be working closely with them over the coming months.
The Company is also reviewing its options to drill another well this year, following the commencement of the EWT. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations.