Business
Itumbula West-1 Commencement of Drilling
Itumbula West-1 Commencement of Drilling.
About this update from Helium One Global Limited
[{"type":"text","content":"\n\n \n08 January 2024\n \n\n \n \nHelium One Global Ltd\n(\"Helium One\" or \"the Company\")\nItumbula West-1 Commencement of Drilling\nHelium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that drilling at the Itumbula West-1 well commenced on 06 January 2024.\n \nHighlights\n· Drilling has commenced at the Itumbula West-1 well\n· Targeting two major fault zones and the Karoo Group\n· Geolog undertaking mudlogging whilst drilling to monitor helium gas shows\n· Portable mass spectrometer and field pressure-volume-temperature specialist on site to measure and validate helium gas shows as well as downhole samples\n· Downhole reservoir testing equipment has been mobilised internationally to perform open hole well testing and fully evaluate the fault zones\n· Baker Hughes, energy technology company, continue to provide third party services for wireline, fluids and cementing\n· Part relinquishment of Prospecting Licence (\"PL\") 10704/2015 in the Balangida Rift Basin, following an internal license review completed earlier last year, now ratified by Tanzanian Government\n \nBackground and further information\nFollowing the successful instalment of the new iron rough neck and completion of the hydraulic repairs, the Itumbula West-1 well was successfully spudded on 06 January 2024. The Company is currently cementing the 20\" conductor ahead of drilling the 17.5\" hole section.\nFollowing the drilling of the Tai-3 well and acquisition of valuable data, the two primary objectives of this well are to target and evaluate the fault system as well as the conventional Karoo play, both of which are anticipated to yield helium. Therefore, in addition to the conventional mudlogging and wireline procedures that were undertaken on Tai-3, the Company also aims to perform an open hole well test in both the fault zones and Karoo targets on Itumbula West-1. Whilst drilling, the Company will be measuring gas shows using Geolog's mudlogging services and a portable mass spectrometer.\nOnce the wireline logs have been run and evaluated, the Company will also have the option to take downhole samples under reservoir conditions using Baker Hughes' Reservoir Characte...