Helium One Global is considering extended well tests at the Itumbula West-1 site or deepening the Tai-3 well, among other scenarios, according to CEO Lorna Blaisse. Following the discovery of high helium concentrations, along with natural hydrogen, the company raised £4.7mm in a share placing and aims to accelerate its development plan. The company plans to utilise existing oil and gas technologies while exploring opportunities to harness geothermal energy for cost-effective operations. Initial well testing revealed promising results, with helium concentrations reaching up to 4.7%, prompting the company to focus on monetisation strategies.
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