Noble’s rig-up of the Marriott Rig #16 is nearing completion, and all required equipment has been delivered. The first well, Mbelele-1, will soon spud to test Neogene reservoirs with anomalous gas-related responses and helium. It is targeting a substantial prospective helium resource of 15.7 bcf. Noble is confident in Tanzania's potential to become a globally significant helium province and is prepared to move swiftly from discovery to monetisation. Noble released its annual report for the year ended 30th June 2023 with a net loss of A$2.4mm, cash position of A$4mm, and total assets of A$22mm.
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