Business
Commencement of Drilling
Commencement of Drilling.
About this update from Helium One Global Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 7182B\n Helium One Global Ltd\n 14 June 2021\n \n \n \n \n \n 14 June 2021\n \n Helium One Global Ltd\n \n Commencement of Drilling\n \n Helium One (AIM: HE1) (\"Helium One\" or \"the Company\") is pleased to announce the commencement of its exploration drilling programme at the Rukwa Project (100%) in Tanzania.\n Highlights:\n \n · Drilling has commenced at Tai; a 'must drill' three-way dip closure, upgraded by the Company's recent 2D infill seismic\n \n · Three well exploration programme targeting shallow trap structures to a maximum depth of 1200m\n \n · Exploration drilling includes:\n \n o Micro gas chromatograph and mini mass spectrometer used to identify elevated levels of helium in mud and reportable as a helium show\n \n o Wireline logs to identify reservoir and seal units and to confirm pay zones in success case\n \n o Drill Stem Testing unit to attempt to flow helium gas samples to surface\n \n · Each well will take circa one month to complete\n \n David Minchin, Chief Executive Officer, commented:\n \"We are very excited to have commenced exploration drilling, continuing the advancement of the world-class Rukwa project. The exploration programme is the culmination of five years of dedicated work with three holes testing three different styles of trap. Each well will take roughly one month to complete with lessons learnt from the first well applied to refine and de-risk drilling of subsequent wells.\n \"Establishing a drill programme in the midst of a global pandemic is not without challenges and we are thankful to all Mitchell Drilling and Helium One team for their hard work in bringing this project to fruition.\n \"We look forward to announcing results of our first well at what is a potentially transformative time for the Company.\"\n \n Drilling\n Helium One commenced exploration drilling at its flagship Rukwa Project in Tanzania at 4pm local time on Saturday 12th June. Rukwa is a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market. SRK Consulting have reported a 'Best Estimate' Un-risked prospective recoverable helium resource of 138 Bcf (2U/P50), the largest listed primary helium dep...