Helium One Global provided an update on its activities relating to the Rukwa block, located in southwestern Tanzania. A point that essentially deals with the progress made on site by the company in recent weeks.
Helium One indicates that, for phase 2 of the project, it carried out a campaign of 2D seismic surveys, the data of which is currently being interpreted. Early results reveal a number of interesting regions with potential extending to the Lake Bed and Karoo Group geological zones. As these areas were not taken into account during the previous 2D seismic campaign, any prospect that will be discovered will increase the value of the company’s portfolio.
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.