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Helium One Commences Drilling on Tai-3 Well

Helium One has commenced drilling at the Tai-3 well in Tanzania. TD of 1,100m is expected to be reached in ~2 weeks. The company is targeting multiple reservoir targets in the Lake Bed Formation, the Karoo Group and Basement. Geolog is undertaking logging whilst drilling to monitor helium gas shows. There is also a portable mass spectrometer on site to measure and validate helium gas shows. TD to completion of evaluation of logs and collection of downhole samples is expected to take a further two weeks.

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