Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHelium One Regulatory News (HE1)

Share Price Information for Helium One (HE1)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.325
Bid: 1.30
Ask: 1.35
Change: 0.045 (3.52%)
Spread: 0.05 (3.846%)
Open: 1.30
High: 1.35
Low: 1.275
Prev. Close: 1.28
HE1 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Submittal of Drilling ESIA at Rukwa Project

12 Jan 2021 07:00

RNS Number : 3193L
Helium One Group Ltd
12 January 2021
 

 

 

12 January 2021

Helium One Global Ltd

Submittal of Drilling ESIA at Rukwa Project

Helium One (AIM:HE1) ("Helium One" or "the Company"), is pleased to announce the advancement of its aggressive exploration programme at the Company's Rukwa Project in southern Tanzania with submission of key environmental studies.

Highlights:

· Completion of Environmental and Social Impact Assessment (ESIA) and Compensation Survey, including consultation with communities in nine villages closest to the drill locations.

 

· Submission of key Environmental Impact Assessment for the Company's proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government.

 

· The study, which covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015), is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One's maiden exploration drilling in Q2 2021.

 

David Minchin, Chief Executive Officer, commented:

"The Company is very pleased to be able to press ahead with its planned field activities in Tanzania, taking important steps towards our planned drilling programme in Q2 2021. Drill planning is progressing on schedule with rig-selection and contract negotiation well advanced. Submittal of the ESIA for drilling at the Rukwa Project is a significant milestone and the culmination of several months of fieldwork, baseline mapping and community consultation."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please visit the Company's website: www.helium-one.com

Contact

David Minchin

Helium One Global Ltd

+44 20 7920 3150

James Biddle and Roland Cornish

Beaumont Cornish Ltd

+44 20 7628 3396

Lucy Williams

Peterhouse Capital Limited

+44 20 7220 9792

Nick Elwes

Tavistock PR

+44 20 7920 3150

 

 

Rukwa Drilling Update

On 11th January Helium One submitted an Environmental and Social Impact Assessment (ESIA) for its proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government.

Helium One commenced Environmental and Social Impact Assessment activities in August 2020 to ensure the Company exceed minimum requirements of NEMC. The ESIA is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One's maiden exploration drilling in Q2 2021. The study covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015) and includes environmental and social baseline studies, impact assessments and mitigation measures.

Drilling at Rukwa will follow processing of data from an infill seismic campaign over shallow structures identified within the 310km2 drilling area. While the project benefits from over 1,000 kilometres of historic seismic data, additional infill seismic over high priority targets will allow better delineation of trap structures ahead of drilling. The seismic survey is fully permitted and, dependent on favourable ground conditions, is due to commence as the rainy season subsides in mid-Q1 2021.

Helium One would like to acknowledge the support of Songwe Region officials including the Regional Administrative Secretary (RAS), the Songwe Regional Office - Health and Environment Departments and the Momba District Council in completion of the ESIA study. Furthermore, Helium One would like to thank the Village Government Councils in Kamsamba, Mkonko, Usoche, Mpapa, Masanyita, Kasanu, Lwate, Samang'ombe and Itumbula villages, District Commissioner (DC) and District Executive Director (DED) for their continued support of the project.

 

Background information

Helium One is pursuing an aggressive exploration programme across is globally unique, large-scale, high-grade, Rukwa primary helium project in Tanzania which has the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. The Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.

The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km2 in south-west Tanzania. The project is considered to be an advanced exploration project and the company has identified 21 prospects and 4 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seeps analysis.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DRLFFFFLLTILLIL
Date   Source Headline
7th Mar 20247:01 amRNSForward Operational Update
7th Mar 20247:00 amRNSUnaudited Interim Results
7th Feb 20247:12 amRNSCompany raises £4.7m via a company led placing
5th Feb 20247:00 amRNSItumbula West-1 well flows helium(4.7%) to surface
26th Jan 20241:18 pmRNSHolding(s) in Company
25th Jan 20247:00 amRNSItumbula West-1 well has successfully reached TD
10th Jan 202410:59 amRNSHolding(s) in Company
8th Jan 20247:00 amRNSItumbula West-1 Commencement of Drilling
4th Jan 202412:14 pmRNSHolding(s) in Company
3rd Jan 20244:33 pmRNSHolding(s) in Company
3rd Jan 202410:30 amRNSHolding(s) in Company
3rd Jan 202410:27 amRNSHolding(s) in Company
2nd Jan 20242:51 pmRNSHolding(s) in Company
2nd Jan 20247:00 amRNSHolding(s) in Company
28th Dec 202311:56 amRNSHolding(s) in Company
27th Dec 20231:20 pmRNSHolding(s) in Company
27th Dec 20231:20 pmRNSHolding(s) in Company
22nd Dec 202312:49 pmRNSCorrection and TVR
21st Dec 20237:00 amRNSResult of Placing and Subscription Offer
20th Dec 20235:28 pmRNSProposed Placing of a minimum of £5.8 million
14th Dec 202312:35 pmRNSResult of AGM
14th Dec 20237:00 amRNSAnnual General Meeting update
5th Dec 20237:00 amRNSCompany update
30th Nov 20237:00 amRNSTotal Voting Rights
20th Nov 20237:00 amRNSTai-3 well results
15th Nov 20237:01 amRNSNotice of Annual General Meeting
15th Nov 20237:00 amRNSAudited Results for the year ended 30 June 2023
15th Nov 20237:00 amRNSOperational update
10th Nov 20237:00 amRNSOperational update
7th Nov 20237:00 amRNSTai-3 well successfully reached TD
31st Oct 20231:26 pmRNSTotal Voting Rights
30th Oct 20237:00 amRNSOperational update
16th Oct 20237:00 amRNSDrilling restarted on Tai-3 well
5th Oct 20239:19 amRNSOperational update
25th Sep 20237:33 amRNSTai-3 Commencement of Drilling
19th Sep 20237:00 amRNSBoard Appointment and Block Admission Application
12th Sep 20237:00 amRNSExercise of Options and Issue of Equity
7th Sep 20237:00 amRNSResult of Placing, Subscription and Retail Offer
31st Aug 20237:00 amRNSOperational Update – Appointment of Drill Crew
14th Aug 20237:00 amRNSOperational Update
11th Aug 20237:00 amRNSInvestor Presentation
7th Aug 20237:00 amRNSExercise of Options and Issue of Equity
4th Aug 20237:00 amRNSBoard Restructure
1st Aug 20237:00 amRNSAppointment of New Chairman & Board Changes
18th Jul 20237:00 amRNSExercise of Warrants and Issue of Equity
11th Jul 20237:00 amRNSExercise of Warrants and Issue of Equity
10th Jul 20237:00 amRNSOperational Update
7th Jul 20237:30 amRNSDrilling Rig update
22nd May 20237:00 amRNSNew CPR for the Tai Prospect
6th Apr 20237:00 amRNSDrilling Rig Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.