Helium One kicks off first exploration well in Tanzania

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Helium One Global Ltd (LON:HE1) has kicked off its drill programme in Tanzania, with the Tai exploration well.

It is the first of three planned wells which aims to confirm a significant helium resource.

The first well will take around one month to complete and helium detection will be constantly monitored during the programme.

“We are very excited to have commenced exploration drilling, continuing the advancement of the world-class Rukwa project,” said chief executive David Minchin. “The exploration programme is the culmination of five years of dedicated work with three holes testing three different styles of trap.”

“Each well will take roughly one month to complete with lessons learnt from the first well applied to refine and de-risk drilling of subsequent wells.”

Minchin added: “We look forward to announcing results of our first well at what is a potentially transformative time for the company.”

The wells will be monitored and evaluated using micro-gas chromatograph and mini mass spectrometer, to identify elevated levels of helium in mud. Wireline logs will be used to identify reservoir and seal units, and to confirm pay zones in the event of a success. Drill Stem Testing would then follow to try to flow helium gas samples to surface.

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