Helium One’s debut well has spudded in the Rukwa basin where potential resources of high value gas could be 138 billion cubic feet.
The drilling began on the 12th of June at its flagship project. The Rukwa Project is a large-scale, globally unique, high-grade, primary helium project in Tanzania.
With the potential to become a strategic asset in resolving a supply-constrained market, a report from SRK Consulting stated a ‘Best Estimate’ un-risked prospective recoverable helium resource of 138 Bcf (2U/P50).
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.