Helium One Global has temporarily halted drilling at the Tai-3 well due to a component failure in the Predator 220 drilling rig. The company anticipates a two-week delay to source and repair the necessary parts, with drilling expected to resume according to the original schedule once repairs are complete. The share price fell 18% when the news was released.
Two-week Delay at Helium One's Tai-3 Well in Rukwa
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