September 14th 2022 was an expletive-laden one when Helium One Global published its operational update.
The investor circular was unambiguous, direct and honest and it went down like a proverbial lead balloon. Some shareholders were deflated about the ongoing MOT and audit on the drill rig essential to making the discovery that chief executive David Minchin is confident will be made at the Rukwa Project in Tanzania.
Once the rig is ready so too is Tier One services company Baker Hughes which will provide drilling fluid, cementing, wireline evaluation and downhole gas sampling services on the company’s Phase II drilling campaign which Minchin describes as “a discovery winning campaign.”
Helium One Global Ltd (LON:HE1) was founded in September 2015. The Company’s focus is to explore, develop, and ultimately, become a producer of high-grade helium for the international market, a critical material essential in modern technologies.