In this exclusive video, we dive into Helium One Global’s latest breakthrough at the Itumbula West-1 (ITW-1) well site in Tanzania. Following the successful completion of extended well test (EWT) operations, the company has confirmed a significant helium discovery with sustained flow rates of up to 5.5% helium. This marks a major milestone for the project and positions Helium One at the forefront of helium exploration.
Helium One Global Ltd CEO Lorna Blaisse joined Proactive’s Stephen Gunnio with news the company has made significant progress at its Rukwa project in Tanzania and is on track to begin its extended well test (EWT) of Itumbula West-1 (ITW-1) later this month.
Helium One Global Ltd CEO Lorna Blaisse talked with Proactive’s Stephen Gunnion about the company’s successful fundraising and its implications for the Itumbula West project. Helium One Global has raised £8 million, which will enable it to proceed with its Phase 3 operations, including the critical extended well test (EWT) on Itumbula West.
Helium One Global Ltd CEO Lorna Blaisse and director of operations Mike Williams take Proactive’s Stephen Gunnion through the latest progress on the company’s Rukwa project in Tanzania.
“…It’s actually quite remarkable what the management team has managed to achieve here. If you look at the North Sea, for example, it took 40 odd wells to make commercial discovery. They’ve managed to float helium to surface here in three wells. It’s significant…”
That’s the opinion of Liberum Capital’s new energy analyst Sam Wahab about Helium One Global Ltd’s (LON:HE1) progress across its Tanzanian prospects.