After the disappointing results at the Tai prospect, Helium One commenced drilling at the Itumbula West-1 well in Tanzania, targeting two major fault zones and the Karoo Group for helium exploration. Based on the pre-IPO CPR, Itumbula has a total P50 helium prospective resource of 5.4bcf over three zones. Downhole reservoir testing equipment is mobilised for open hole well testing, with Baker Hughes providing third-party services. The entire process, including well testing, is expected to take four to five weeks. Additionally, a part relinquishment of Prospecting Licence 10704/2015 in the Balangida Rift Basin has been ratified by the Tanzanian government. Helium One now holds a 134km2 footprint in the Balangida Rift Basin and a total of 2,840km2 in Prospecting Licences.
top of page
Search
Recent Posts
See AllPredator Oil & Gas' preliminary MOU-5 drilling in the Guercif Licence of onshore Morocco yielded encouraging helium results.
Blue Star Helium (partnered with Helium One Global), announced that its Jackson 31 development well at Galactica, naturally flowed at...
Thor Energy/Go Exploration changed its existing petroleum licence into one that now allows exploration for substances like hydrogen and...
bottom of page