top of page

Helium One Results and Progress Update

Helium One ended 2022 with a net cash balance of US$13.7mm, providing ample cash for its upcoming drilling campaign. In H2'22, cash outflow from operations was US$1.6mm and capital expenditure US$1.5mm. In 2023, it entered a co-operation agreement with Noble Helium, as well as developed further helium potential resource targets and commenced an ESIA in the Eyasi region. The team is currently actively negotiating a rig contract and remain focused on identifying a rig to enable them to fulfil their 2023 drilling programme. We expect exploration drilling to commence in Q3'23. A strategic approach was adopted to review the PLs, with the Company relinquishing 1,548 km2 realising an annual cost saving in licensing fees of $309,600.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

German utility company Uniper, nationalised by the German government last year, is being urged to be privatised again "as soon as possible," according to CFO Jutta Doenges. Uniper's business model of

bottom of page