Helium One has commenced drilling at the Tai-2 exploration well at the Rukwa Project in Tanzania. The well targets the Lake Bed stratigraphy, which was identified but not fully evaluated in Tai-1. This well is located approximately 20m away from Tai-1 and utilises the same drilling pad, which saves time and money in relocation. Unfortunately, this drilling program also concluded without identifying any helium gas. Once again, this led to a sharp fall in the company’s shares by almost 50%.
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