Helium One Global Ltd (HLOGF)

[pro_s2009]

Definitive results.......and enough for a 2nd well. Love it !!!


https://www.proactiveinvestors.co.uk/companies/news/1021239/helium-one-will-shortly-be-drilling-at-rukwa-and-this-time-with-its-own-specialist-rig-1021239.html


.......The plan is to spend 30 days drilling, including logging and down-hole sampling, and then to wrap it up and assess the results.

All told, the results are likely to be far more conclusive.That will make a nice contrast to the earlier round of drilling, which lingered on for months as the company grappled with various issues associated with the mining rig it was using.

“We’re anticipating a September spud,” says Blaisse.

“First we need to crew the rig, complete the civils work and prepare the wellsite.”

That work includes upgrading access roads and placing a camp close to the wellsite. But it won’t take long.

The company is fully funded for the planned well, following a £10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes.

“Fundamentally, we want to secure a discovery at Tai,” says Blaisse........