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Noble Helium Completes Rukwa 3D Seismic Survey; 2023 Outlook

Noble Helium has successfully completed their Phase I seismic program over the Chilichili lead on the eastern side of Lake Rukwa, as well as 27km of 2D seismic lines over the Mbelele lead on the western side. Initial results from the seismic program have confirmed the presence of all targeted leads, and the Company expects to generate multiple drilling targets based on the new seismic survey interpretation. Discussions with potential Joint Venture partners are underway with a view to completing a farm-in in Q2'23, and the Company is cooperating with Helium One to source and secure a suitable drilling rig for their 2023 drilling campaign.

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