Helium one global news

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Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator drilling rig, which it said had been successfully mobilised to the Rukwa site. The AIM-traded firm said the start of the second drilling campaign in the third quarter proceeded as scheduled. Notably, the drilling of the Tai-3 well was completed, reaching a total depth of 1, metres measured depth, providing valuable data for understanding the region and identifying the follow-on Itumbula prospect. Since the half-year ended, the company had drilled the Itumbula West-1 well, achieving a total depth of metres measured depth at a revised well location. Subsequently, significant discoveries were made, with the well flowing a high concentration of helium at 4.

Helium one global news

Helium One Global Ltd reported earnings results for the half year ended December 31, For the half year, the company reported sales was USD 0. Net loss was USD 1. Basic loss per share from continuing operations was USD 0. Diluted loss per share from continuing operations was USD 0. Add to a list Add to a list. To use this feature you must be a member. Delayed London S. Other stock markets. Latest news about Helium One Global Ltd.

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The DST results from Itumbula West-1 well have demonstrated that the well has flowed the equivalent of 0. These flow rates in a pure helium play, without the presence of hydrocarbons and carbon dioxide, indicate the uniqueness of this helium project. The Company is currently advancing its subsurface modelling and updating its internal resource estimates in order to determine the best path towards the commercialisation of Itumbula. 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.

Encouragingly, Blaisse said the absence of other hydrocarbons position it uniquely in the global helium market. Blaisse said the interim results from the drill stem tests at Itumbula are encouraging, with the company planning an extended well test at the Tai-1 site to better understand the gas flow over a longer period. Helium One Global's pure helium play differs significantly from other helium sources, which are typically byproducts of hydrocarbon gas production, with lower helium concentrations. The company's high helium concentration and the absence of other gases allow for a smaller, more cost-effective processing plant design. Moving into an extended well test and appraisal phase, Blaisse said Helium One aims to transition from exploration to appraisal, leveraging its proprietary drilling rig for further exploration and potentially deepening the Tai-3 well. The rig is currently hot stacked, ready for quick deployment, with operations planned as early as the third quarter of View source version on newsdirect. Dow 30 39, Nasdaq 16,

Helium one global news

Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania, where testing confirmed significant helium concentrations up to 4. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally. Unlike many projects that produce helium as a byproduct of hydrocarbon extraction, Helium One's project is unique for its pure helium, nitrogen, and now hydrogen mix, without any methane or carbon dioxide, making it exceptionally promising for industrial and technological applications. The CEO highlighted the strategic adjustments made in drilling locations to target fault zones rich in helium, a move that has paid off by tapping into high-quality reserves.

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Proactive will on occasion use automation and software tools, including generative AI. Latest news about Helium One Global Ltd. Helium One Global Ltd. Finance Coinbase hires George Osborne as it looks to expand, fight legal Subsequently, significant discoveries were made, with the well flowing a high concentration of helium at 4. Spectral AI technology to revolutionise triage and treatment 07 Mar. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Helium One Global Ltd. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. The Company is also reviewing its options to drill another well this year, following the commencement of the EWT.

Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator drilling rig, which it said had been successfully mobilised to the Rukwa site. The AIM-traded firm said the start of the second drilling campaign in the third quarter proceeded as scheduled.

Notably, the drilling of the Tai-3 well was completed, reaching a total depth of 1, metres measured depth, providing valuable data for understanding the region and identifying the follow-on Itumbula prospect. Sign in. This is content that excites and engages motivated private investors. Gold vs US Dollar 2, These cookies are used to deliver our website and content. If anyone reads this article found it useful, helpful? The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this communication. Opinions of and commentary by the authors reflect their current views, but not necessarily of the Company, its affiliates or any other third party. Chart Helium One Global Ltd. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Share this. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. Follow us on:.