Helium One Global Ltd (HLOGF)

[pro_s2009]

https://www.londonstockexchange.com/news-article/HE1/operational-update/16081355

14 August 2023

Helium One Global Ltd

Operational Update


Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to provide an update on progress at its Rukwa (100% Operated) project area ahead of its Phase II drilling programme.


Highlights

· Civils work on Tai-C well site and access road now completed

· Commenced mobilisation of equipment from lay down area to Tai-C well site

· Appointment of full drill crew at an advanced stage

· Company remains on track for a September spud

The civils work for the well site and access road has been carried out and completed by TNR Ltd ("TNR"). TNR have spent the past couple of months clearing, preparing, and constructing an 130m x 180m well pad that includes a concrete cellar to house the wellhead. The well pad has been constructed to include an area for the camp that will provide accommodation for rig crew and project personnel. The cementing component of the well pad has been approved and signed off by the Tanzania National Road Agency (TANROADS) under the Ministry of Works and Transport.

In addition to civils work on the drill pad, TNR have also cleared and prepared a 2.4km long access road to the Tai-C well site. This provides clear and accessible entry to the well site and camp.

The next steps include moving the rig and all its equipment safely to the well site in order to commence rigging-up the Predator 220. In parallel to this, the Company will select the remaining drill crew and prepare for the arrival of the camp, third party services equipment, and the last of the remaining long lead items.

Lorna Blaisse, Chief Executive Officer, commented:

"Helium One is now another step closer to commencing our drilling programme at Tai-C. We are very impressed with the high standard of work that TNR have carried out and we look forward to moving ahead into the next stage of the project. The team has been working incredibly hard and we will now commence the mobilisation of equipment onto the well pad and finalise the drill crew as we gather momentum ahead of the September spud."