Noble Helium CEO Discussed Rising Demand and Development Plans
- AKAP
- May 17, 2023
- 7 min read
Noble Helium's CEO, Justyn Wood, discussed the growing demand and pricing of helium, as well as the geological aspects of their project in Tanzania. He highlighted the critical role of helium in high-tech applications such as MRI machines, rockets, and chip manufacturing. Countries like Qatar, Russia, and Algeria are stepping in as key helium producers. Wood touched on the potential for US government funding, the favourable operating environment in Tanzania, and the transportation and execution risks associated with helium production. Looking ahead, the company plans to drill two wells in the next six months with a prospective resource of 16.5bcf of helium.
