Helium one global news

Helium One Global Ltd reported earnings results for the half year ended December 31, For the half year, the company reported sales was USD 0.

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Helium one global news

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Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania , where testing confirmed significant helium concentrations up to 4. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally. Unlike many projects that produce helium as a byproduct of hydrocarbon extraction, Helium One's project is unique for its pure helium, nitrogen, and now hydrogen mix, without any methane or carbon dioxide, making it exceptionally promising for industrial and technological applications. The CEO highlighted the strategic adjustments made in drilling locations to target fault zones rich in helium, a move that has paid off by tapping into high-quality reserves. Additionally, the project revealed a surprising 2. This hydrogen discovery, significantly above background levels, fits the geological model and adds another layer of commercial potential, especially considering the global demand for hydrogen as a clean energy source. Copyright c TheNewswire - All rights reserved. Add to a list Add to a list.

Helium one global news

GBX 1. Key events shows relevant news articles on days with large price movements. Eurasia Mining plc. EUA 2. Superdry PLC. SDRY 0. Canadian Overseas Petroleum Limited. COPL 0. QBT 2.

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Most read Finance Aviva to be on its toes despite return to Lloyd's 22 hours, 11 minutes ago. Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. Click the button below to log in and keep track of your recent history. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. His work includes reporting for the UK editorial team and video editing for the broadcast team. I look forward to providing further updates as we progress our plans in due course. This is content that excites and engages motivated private investors. We could not find any results for: Make sure your spelling is correct or try broadening your search. An extended well test at site will enable us to confirm commercial flow rates and fluid composition, whilst continuing to plan for development and production scenarios in parallel. The team also has access to and use technologies to assist and enhance workflows. Stocks flat as investors mull rate cut prospects. Income Statement Evolution. Mining 8, Since the half-year ended, the company had drilled the Itumbula West-1 well, achieving a total depth of metres measured depth at a revised well location.

Encouragingly, Blaisse said the absence of other hydrocarbons position it uniquely in the global helium market. Blaisse said the interim results from the drill stem tests at Itumbula are encouraging, with the company planning an extended well test at the Tai-1 site to better understand the gas flow over a longer period. Helium One Global's pure helium play differs significantly from other helium sources, which are typically byproducts of hydrocarbon gas production, with lower helium concentrations.

The Company-owned Epiroc Predator drilling rig is currently hot stacked at the Itumbula West-1 wellsite. ETFs Funds Trusts. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. This is content that excites and engages motivated private investors. Light Science Technologies well placed to take advantage of growth opportunities in the agriculture sector 07 Mar. The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned. Stocks flat as investors mull rate cut prospects. The Company looks forward to making further updates in due course. This website uses cookies. ETFs Funds Trusts. See all news matching. Helium One begins drilling at Itumbula. Opinions of and commentary by the authors reflect their current views, but not necessarily of the Company, its affiliates or any other third party. Our human content creators are equipped with many decades of valuable expertise and experience.