Helium One looks forward to June drilling after successful seismic programme

Helium One Global Ltd (LON:HE1) has completed its extended 2D seismic programme at the Rukwa project in Tanzania.

A total of 200 kilometres of seismic data was captured, including the extra 50 kms which were added.

The company, in a statement, highlighted that it had identified new drill ready targets at the project. They are stacked prospects which are now believed to span a  larger area than those interpreted from historical data.

Ongoing interpretation work supports an improved plan for a three or four hole drill programme, slated to start in early June.

The first well is expected be a test of the Tai prospect.

“We are delighted to have successfully completed our extended infill 2D seismic campaign, which has provided high-quality data across multiple prospects” said David Minchin, chief executive. “Based on encouraging early results, the seismic campaign was expanded with an additional 50 line kilometres of acquisition over new priority prospects.”

Minchin added: “Additional data has resulted in a reprioritised drilling campaign with drilling starting over a faulted 3-way dip closure at Tai, with multiple stacked targets.

“This prospect is believed to be larger than interpreted from historical data, which has contributed to the Technical Team’s decision to upgrade Tai from a ‘low-priority’ to ‘must-drill’ target.  Drilling will therefore begin in early-June, giving additional time for road and drill pad construction at this new site.”

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