Noble Helium Q2'24 Highlights

Noble Helium released its Q2'24 results highlighting the identification of commercial production potential in Mbelele’s shallow, free gas cap zone through recent reservoir modelling, and the appointment of Mr. Dermot O’Keeffe as COO. The company received its first Tanzanian VAT refund of A$1.3mm. Post-quarter, Noble identified eight additional potential shallow free gas helium targets in the Western Rukwa Upper Lake Beds zone and upgrading the hydrogen potential in the Western Rukwa area based on post-drilling data analysis and in-house studies. The company ended the quarter with a cash balance of A$2.3mm. The company also released its Jul'24 presentation discussing its results.

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