Business
Itumbula West-1 Commencement of Operations
Itumbula West-1 Commencement of Operations.
About this update from Helium One Global Limited
[{"type":"text","content":"\n\n \n29 July 2024\n\n \nHelium One Global Ltd\n(\"Helium One\" or \"the Company\")\nItumbula West-1 Commencement of Operations\nHelium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that operations at the Itumbula West-1 (\"ITW-1\") well commenced on 26 July 2024.\n \nHighlights\n· Drilling operations have commenced at ITW-1 ahead of the planned extended well test (\"EWT\")\n· Plan to test two intervals: the fractured Basement and faulted Karoo, following the successful flow of 4.7% helium to surface during the drill stem test (\"DST\") in February 2024\n· Prior to undertaking the EWT, the well will be deepened further into the Basement\n· Geolog undertaking mudlogging and testing whilst drilling to monitor helium gas shows, with above background indications of helium and hydrogen already observed whilst drilling out the 9⅝\" shoe and re-entering the original wellbore\n· Portable mass spectrometer and field pressure-volume-temperature specialist on site to measure and validate helium gas shows as well as downhole samples from EWT\n· Global technology company, SLB (formerly Schlumberger) contracted and onsite for fluid services with surface well testing equipment currently on route to operating location\n· Phase III operations from spud to completion of EWT is anticipated to take approximately five weeks\n \n\nLorna Blaisse, Chief Executive Officer, commented:\n\"We are very pleased to have commenced our Phase III operations and eagerly anticipate the results of the EWT at ITW-1. The results from the DST in February 2024, whereby the well successfully flowed 4.7% helium and 2.2% hydrogen, to surface from fractured basement, were very encouraging and we look forward to now fully evaluating this play. The team have been working on the subsurface modelling ahead of the EWT and the results will be integrated into the feasibility study.\nWe look forward to making further announcements in due course as we deepen the well and commence the all-important testing phase of the fault-fracture helium play.\nWe're very pleased to be leading this flagship helium well test in Tanzania and would very much like to thank the Ministry of Minerals, the Mining ...