Helium One, the gas exploration company recently penned an agreement withTunisian contractor, SOFORI, to supply a Drillmec HH102 rig to be used in the next drilling campaign on the Rukwa Project in Tanzania.
Although a contract has yet to be signed, Helium One is confident that the project will go forward, and CEO Lorna Blaisse anticipates a spudding in Q3.
Helium One has potentially one of the largest primary sources of helium in the world. CEO Blaisse recently became company CEO after being promoted from her position as principal geologist, replacing her predecessor David Minchin.
Helium One Global Ltd (LON:HE1) 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. The company holds 4,512km2 of exploration licences in highly prospective helium provinces in Tanzania. The Company holds 100% of these licences and has exclusive rights to develop the assets.