Helium One is a unique opportunity on London’s AIM market

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  • Helium One completes Tai-1A well finding five potential helium intervals
  • Helium One’s latest drill intercept shows proof of concept, and could be just a taste of things to come
  • Helium One’s latest gas shows are encouraging – broker
  • Helium One: ‘We know there’s Helium in Rukwa basin, now we’ve just got to find out where its trapped as gas’
Helium One is bringing a world class opportunity to London's AIM market

Quick facts: Helium One Global Ltd

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Helium One Global has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania. It 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.

Through Helium One’s subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, 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.

11 Aug 2021

() () has completed the drilling of its first well, Tai-1A, at the Rukwa helium project in Tanzania.

Chief executive David Minchin described the well as encouraging – as it encountered helium shows in a total of five intervals of the Karoo formation including all three pre-drill targets.

“We are encouraged to see multiple zones with helium shows whilst drilling through the Karoo Formation. Tai-1 has successfully identified helium shows within all three target formations which confirms the presence of a working helium system in the Rukwa Basin,” Minchin said in a statement.

Wireline logging of the uppermost interval indicated good reservoir potential, with porosities of 15 to 20%, but petrophysical analysis indicated no free gas in this interval. It was the only interval of the five that could be logged and tested further as the programme was hindered by poor and deteriorating hole conditions.

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12 Jul 2021

() has confirmed another notable helium gas show in the Tai-1 well, which is now being sidetracked due to a setback to the programme in Tanzania.

The gas shows were encountered above the well’s primary target zone, with the shows seen between a depth of 552 metres to 561 metres, and, were observed visually at surface as bubbles in drilling mud.

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06 Jul 2021

() chief executive David Minchin recently flew out to Tanzania amidst highly encouraging early indications from the explorer’s maiden well at the Rukwa project – in which evidence of helium was confirmed in drilling mud – and via social media he has now given investors key insights into this development.

Whilst the drilling of the Tai-1 well continues early indications point to an important ‘proof of concept’ breakthrough for the project, which was presented prior to drilling as potentially the largest new discovery of helium in the world.

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25 Jun 2021

Among the most recent posts on the () twitter feed are images of chief executive David Minchin en route to Tanzania.

It’s still a relatively complex matter getting around the globe in these virus-ridden times, but for Minchin the trip was a no-brainer in the light of Helium One’s recent and early drill success.

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12 Jul 2021

Stockbroker SP Angel described the latest results from ‘s () Tai-1 well in Tanzania.

Helium One, in a statement on Monday, reported its latest notable helium gas show in the well above its primary target zone. Shows were seen from a depth of 552 metres to 561 metres and helium gas was observed visually at surface as bubbles in drilling mud.

“With further drilling still to take place at Tai-1, these are early days in the company’s drilling campaign. Early helium/gas shows are encouraging but obviously not conclusive at this stage,” analyst Sam Wahab said in a note.

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11 Aug 2021

() () () David Minchin joins Proactive’s Katie Pilbeam after completing the drilling of its first well, Tai-1A, at the Rukwa helium project in Tanzania.

Minchin says these results are a ‘mixed bag’ and talks through all of the details, with helium shows in a total of five intervals of the Karoo formation including all three pre-drill targets.

Due to poor and deteriorating hole conditions, including large washouts across much of the Karoo, Minchin explains why they were not able to run wireline tools downhole beyond 882m and have subsequently not been able to log the main Karoo Formation.

27 Nov 2020

HeliumOne – () Presenting at the Proactive One2One Virtual Forum

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Helium One: ‘We know there’s Helium in Rukwa basin, now we’ve just got to…

Helium One Global Ltd (AIM:HE1) (AIM:HE1) (AIM:HE1) David Minchin joins Proactive’s Katie Pilbeam after completing the drilling of its first well, Tai-1A, at the Rukwa helium project in Tanzania.

Minchin says these results are a ‘mixed bag’ and talks through all of the details, with helium…

8 hours, 31 minutes ago

4 min read

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