Business
Tai-3 Commencement of Drilling
Tai-3 Commencement of Drilling.
About this update from Helium One Global Limited
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.\n \n25 September 2023\n \n\n \n \nHelium One Global Ltd\n(\"Helium One\" or \"the Company\")\nTai-3 Commencement of Drilling\nHelium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that the Tai-3 well commenced drilling on 25 September 2023. \n \nHighlights\n· Drilling has commenced at the Tai-3 well;\n· Total depth (\"TD\") of 1,100m; expected to be reached approximately two weeks from spud;\n· Targeting multiple reservoir targets in the Lake Bed Formation, the Karoo Group and Basement;\n· Geolog undertaking mudlogging whilst drilling to monitor helium gas shows;\n· Portable mass spectrometer on site to measure and validate helium gas shows encountered;\n· Baker Hughes wireline equipment and personnel onsite with equipment being tested ahead of running wireline once TD has been reached; and\n· TD to completion of evaluation of logs and collection of downhole samples is anticipated to take a further two weeks. \n \nBackground and Further Information\nWith all drilling crew, third party services equipment and personnel onsite, the Tai-3 well was successfully spudded this morning. The team are currently drilling ahead to section TD prior to running the 20\" conductor. The conductor prevents unconsolidated rock entering the well, before proceeding to drill the 17.5\" hole section.\nWhilst drilling, Helium One will measure gas shows using Geolog's mudlogging services and a portable mass spectrometer. After TD has been reached, Baker Hughes will then rig up and run their wireline tools. Once the wireline logs are run and evaluated, the Company will then run in hole to evaluate further with Baker Hughes' Reservoir Characterisation Instrument (\"RCI\") tool to take downhole samples under reservoir conditions. Onsite, there is also the facility to transfer and evaluate these samples, as well as the capability to send duplicate samples for laboratory analyses in a leading noble gas laboratory.\nT...