Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Nish Dighe was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 02
Helium One Global Limited Announces Board Changes Helium One Global announced the appointment of Clive Carver as Non-Executive Chairman with immediate effect (29 April 2026). James Smith has decided to step down from his role as Non-Executive Chairman. James has been on the Board of Helium One since its IPO in 2020 as a Non-Executive Director, and as Non-Executive Chairman since August 2023. During James' tenure as a Director and Chairman, he has overseen a period of significant achievement for the Company, including its successful listing on AIM to the first helium discovery in Tanzania at the Company's southern Rukwa Helium Project, the award of Tanzania's first helium mining licence and the Company's farm in to the Galactica-Pegasus helium development project in the US. Clive is an experienced public company non-executive director and chairman, having been chairman of a number of AIM companies in recent years, with direct experience in, amongst others, the oil & gas, oilfield services and mining sectors. Clive is currently Chairman of AIM listed Caspian Sunrise plc and Built Cybernetics plc. Clive is a fellow of the Institute of Chartered Accountants in England and Wales (FCA) and was for 30 years a fellow of the Association of Corporate Treasurers (FCT). While working in the UK broking industry Clive gained more than 15 years' experience as a Qualified Executive under the AIM Rules where he ran the Corporate Finance departments of several of the larger and more active Nominated Adviser firms. Clive Nathan Carver, aged 65. Current directorships and partnerships: Caspian Sunrise PLC; Built Cybernetics; Satsuma Technology plc; Eragon Petroleum Limited; Eragon Petroleum FZE; Past directorships and partnerships held within the last 5 years: Airnow Limited; Airnow TCX Limited; Airnow Media Limited; Labcave Ltd; Fairfax Close Management Limited; BNG Energy Limited; Elk Associates LLP; Elk Corporate Services Limited. Airnow Limited entered into a company voluntary arrangement on 9 October 2023, 11 months after Clive resigned as a director on 25 November 2022. Aankondiging • Mar 28
Helium One Global Limited has completed a Follow-on Equity Offering in the amount of £1.5 million. Helium One Global Limited has completed a Follow-on Equity Offering in the amount of £1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: £0.006
Transaction Features: Regulation S Aankondiging • Mar 27
Helium One Global Ltd Provides Update on Galactica Project Helium One Global Ltd. provided an update following the Blue Star Helium announcement regarding the Galactica Project. Six wells now tied into the Pinon Canyon facility, including Jackson-2 and Jackson-4, completing Stage One of the Galactica development campaign. Facility transitioning to continuous 24/7 operations following completion of automation and system upgrades. First helium sales agreed at spot pricing for the initial tube trailer; second trailer expected on-site shortly. Strong market tailwinds for advancing discussions for long-term helium and CO2 offtake. CO2 liquefaction remains on track for First Half 2026, with Jackson-27 tie-in timed to coincide with commencement of CO2 sales. The joint venture has successfully completed the installation and testing of wellsite equipment at the Jackson-4 and Jackson-2 wells. Both wells are now available for production and have been integrated into the Pinon Canyon facility gathering system bringing the total number of wells tied to the plant to six comprising Jackson-2, Jackson-4, Jackson-31, Jackson-29, State-9, and State-16. The facility has been operating during daylight hours through a maintenance and optimisation phase and has intermittently produced gas into the onsite tube trailer during this period. Following the completion of automation, maintenance and system upgrades, the Operator is transitioning to continuous 24/7 operations. This transition marks the culmination of Stage One of Blue Star's Galactica development programme and positions the facility for sustained helium production precisely as global supply conditions have tightened materially. The Operator has agreed sales for the initial tube trailer at spot pricing, with a second trailer expected on-site shortly. The global helium market continues to face structural supply chain disruptions, rationing, and surcharges particularly due to prolonged instability in Middle Eastern supply routes. This environment has significantly increased the demand for reliable, US-sourced domestic supply. The Operator is leveraging these market tailwinds to advance its offtake strategy in the following manner: Spot Sales: near-term deliveries are scheduled and set to be spot-priced on a tube trailer load basis. Long-term Offtake: negotiations are progressing with multiple parties for long-term helium and CO2 supply contracts. The strategy remains focused on a balanced mix of spot pricing and long-term contracts to maximize value as the Pinon Canyon Plant ramps up to full capacity. CO2 liquefaction remains on schedule for the second half of First Half 2026. The tie-in of the Jackson-27 well (with high CO2 concentration of 98.3%) is timed to coincide with the commencement of CO2 sales, providing an additional revenue stream for the project. Aankondiging • Mar 06
Helium One Global Ltd Provides Galactica Project Update Helium One Global Ltd. provided an update following the Blue Star Helium announcement regarding the Galactica Project. Amine unit now operational and removing CO2 from the inlet gas stream and providing a helium-enriched gas stream to the Helium Recovery Unit. The Helium Recovery Unit is now filling the onsite tube trailer with refined helium for sale under established spot-market arrangements. The operational team is continuing to optimise plant settings, operating pressures and flow rates to ensure peak recovery efficiency. Following the commissioning of the amine unit, the Pinon Canyon Plant has commenced integrated operations. Raw gas is now being processed through the amine unit to remove CO2, with the resulting helium-enriched stream being refined through the Helium Recovery Unit before being pumped into the tube trailer. A significant commercial milestone has been reached with the plant currently filling a tube trailer with refined helium gas for sale under established spot-market arrangements. The facility is now fully integrated and producing, and the Operator is continuing to optimise plant settings to maximize recovery efficiency as production volumes ramp up. The State-9 and State-16 wells are tied in and on production, alongside the Phase 1 Jackson-31 and Jackson-29 wells. The Jackson-4 well was previously tied in as part of the Phase 1 programme, it is temporarily offline for a rental compressor change-out. Jackson-2 is now tied into the gathering system and awaiting well site compression and monitoring before being brought on production. The tie-in of Jackson-27 remains scheduled to coincide with CO2 sales. CO2 liquefaction from the amine unit remains on track before the end of First Half 2026. Following optimisation of the plant settings, the Operator's focus will turn to optimising the existing wells and gathering system flows and planning and permitting additional wells. The flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project entering a full appraisal and development stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Third Quarter 2024. Following the success of the extended well test, the Mining Licence application was filed with the Tanzania Mining Commission in September 2024 and the 480km2 Mining Licence was formally awarded to the Company in July 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd. and successfully completed a six well development drilling campaign in First Half 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The initial Galactica wells were tied into first gas in Fourth Quarter 2025, with further wells coming onstream in 2026 for both helium and CO2 production. Aankondiging • Feb 13
Helium One Global Provides Galactica Project Update Helium One Global provided an update following the Blue Star Helium announced regarding the Galactica Project. Operator Reported Highlights: Pinon Canyon Plant scheduled for integrated plant operations next week; The amine unit will be operational removing CO2 from the input gas stream; CO2 liquefaction and load components projected to be added H1 2026; Sales arrangements have been made for spot sales of helium, and discussions regarding long-term contracts with both helium and CO2 off-takers progressing well; Tie-ins for the State-9 and State-16 wells into the gathering system now complete and ready to be tied into the production facility; Further expansion and construction of the gathering system for the Jackson-2 well is underway, including the T-section for future connection of Jackson-27. The Operator has advised that operations at the newly installed Pinon Canyon Plant are progressing as planned. Following first gas in December 2025, the plant was shut in to allow for integration of the amine unit. In January 2026, the first tube trailer was delivered as the plant underwent final technical readiness checks and optimisation. The amine unit is part of the CO2 train that removes CO2 from the inlet stream and with the amine unit operational, gas will be processed and the helium stream will then be processed through the Helium Recovery Unit and into tube trailers. The Company understands that integrated plant operations will commence next week. The Operator's focus will now shift to the installation of the CO2 liquefaction and load components and the finalisation of commercial agreements. The gathering system for State-9 and State-16 has been completed and construction of the gathering system to connect Jackson-2, including the T-section for future connection of Jackson-27, which will provide near-term production increase has commenced. These follow-on tie-ins are part of the ramp-up through 2026. Planning is advanced for further tie-in and infill drilling aimed at increasing production through the Pinon Canyon Plant, with a clear focus on scaling gas processing and delivering increased revenues. Commercial Progress by The Operator is implementing a strategy that anticipates meeting market needs and maximises the value of the end product. Arrangements have been made for spot sales of helium and discussions in respect of long-term contracts with both helium and CO2 off-takers are progressing. These discussions are targeting a mix of short-term sales arrangements and long-term offtake agreements to match the targeted ramp-up of the Pinon Canyon Plant's capacity. Aankondiging • Jan 20
Helium One Global Provides Galactica Project Update Helium One Global provided an update following the Blue Star Helium announcement issued regarding activities at the Pinon Canyon Plant on the Galactica Project. Highlights: First helium gas achieved in December 2025; Operational focus has now shifted to stabilising production throughput; First helium tube trailer currently onsite for filling and early revenue; Blue Star is pursuing short-term contracts to secure immediate cash flow and long-term partnerships for stable revenue; Further revenue growth expected during first quarter 2026 through additional well tie-ins and infill Plant; Optimisation and Commercial Readiness; echnical teams are now onsite at the Pinon Canyon Plant, where the focus is on optimising processing equipment and stabilising throughput to meet the delivery requirements of Blue Star's initial short-term offtake agreements. This optimisation phase is a key step in ensuring that the facility - the newest helium processing plant of its kind in the United States - is operating at peak performance as production volumes scale. As part of this commissioning and refinement work, a recycling container and the first offtake helium tube trailer are on location and are receiving saleable gas. A standard steel helium tube trailer typically holds ~170,000 scf (170 Mscf) of compressed helium. Based on the value metrics set out by Blue Star, each fully loaded trailer represents an estimated gross value of between USD 59,500 and USD 102,000. Offtake Strategy The achievement of first gas at Galactica represents a major operational and commercial milestone for the Joint Venture, demonstrating clear progress toward establishing a reliable, scalable supply source in the U.S. helium market. The Galactica Project is emerging as an attractive new domestic supply option for U.S. helium and CO2 buyers seeking to diversify and strengthen their sourcing portfolios. The Blue Star teams have been engaging directly with a wide spectrum of potential customers, ranging from large-scale transport and bulk storage providers to mid and small-scale transport operators, packaged gas distributors, and key end-use sectors. Blue Star is targeting a balanced mix of short-term sales arrangements, providing immediate cash flow and longer-term offtake agreements, offering more predictable, stable revenue as production increases. Planning is well advanced for additional tie-ins and infill drilling, designed to expand supply to the Pinon Canyon processing plant. These activities form a core part of the Joint Venture's strategy to scale gas processing capacity and deliver meaningful revenue ramp-up through 2026. Aankondiging • Jan 19
Helium One Global Ltd Announces Southern Rukwa Helium Project Update Helium One Global provided an update on the Company's southern Rukwa Helium Project. Following the completion of wireline logging and the full mobilisation of equipment and personnel to site, the Company announced that the ESP testing phase has commenced at the ITW-1 well. All downhole tools and surface control equipment has now undergone the required checks and verification procedures prior to deployment. The ESP assembly is running in hole and will be positioned to allow further evaluation of the fractured Basement and Karoo intervals, through increased flow rates and enhanced helium production from these deeper geological zones. Once the ESP is set at the designated depth and the tubing hanger has been successfully tested, a final function test will be carried out before the well is opened and the pump activated. It is anticipated that this testing phase will take two to three weeks to complete. The Company will provide further updates as operations progress. Aankondiging • Dec 16
Helium One Global Ltd Production Facility Update At Galactica Project Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Gathering system has been successfully pressure tested and is now tied-in to the production facility. Production facility has reached substantial completion. Facility commissioning to commence this week. First gas still scheduled ahead of year-end. Aankondiging • Nov 17
Helium One Global Limited, Annual General Meeting, Dec 15, 2025 Helium One Global Limited, Annual General Meeting, Dec 15, 2025. Location: the offices of hill dickinson llp, 8th floor, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom Aankondiging • Nov 01
Helium One Global Provides Galactica Development Update Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Construction has commenced on the production facility pad and gathering system. First helium production on schedule for December 2025 Details Blue Star confirm that contractors, Redbud Partners LLC and PVC, broke ground on both the production facility pad and the gathering system, and remains on schedule to deliver first gas in December. Site works are underway for the 120m x 150m production facility pad and concurrent upgrade of the immediate access road, which will prepare the site for the delivery and installation of production equipment. The procurement and delivery of all major production components is proceeding on schedule. The gathering system is designed to incorporate future infill and expansion wells and will include taps and risers set for connection of future wells. Construction is starting at Jackson-31 followed by the main trunkline and then extending out to the other existing wells and finally connecting to the Pinon Canyon Plant site. The Company remains on schedule to deliver first helium in December and first CO2 for sale in first quarter 2026. The Galactica Pinon Canyon Plant is planned to be ramped up to full capacity as wells are progressively tied in during first quarter 2026. Blue Star's CEO on location at the Pinon Canyon Plant site as construction starts ahead of delivery and installation of construction equipment. Redbud Partners LLC start construction of the gathering system from the Jackson-31 well location, prior to moving onto the trunkline and connection to the Pinon Canyon plant site. Aankondiging • Sep 22
Helium One Global to Voluntarily Delist from Trading on the OTCQB Venture Market Helium One Global Limited has notified OTC Markets Group Inc. of its intention to voluntarily delist the Company's ordinary shares from trading on the OTCQB Venture Market ("OTCQB"). The decision to delist from OTCQB was made following a review of trading volumes, costs, and the subsequent visibility that was hoped to be gained in the US market. The Board concluded that the continued quotation on OTCQB does not provide sufficient benefit to the Company or its shareholders to justify the associated costs. The Company's shares will continue to be admitted to trading on the AIM market of the London Stock Exchange, which will remain the Company's primary trading venue. The Company has requested that Its shares are delisted from OTCQB with effect from 30 September 2025. Further announcements will be made as appropriate. Aankondiging • Aug 07
Helium One Global Limited has completed a Follow-on Equity Offering in the amount of £1 million. Helium One Global Limited has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,185,185
Price\Range: £0.0054
Transaction Features: Regulation S Aankondiging • Aug 01
Helium One Global Limited Announces Sarah Cope Currently the Senior Independent Non-Executive Director Moving into the Executive Role of Head of Governance and Compliance Helium One Global Limited announced that Sarah Cope, currently the Company's Senior Independent Non-Executive Director, is moving into the Executive role of Head of Governance and Compliance. Sarah will remain on the board in her new role and is an experienced Director with over 20 years of experience in investment banking and as Nomad /Broker at Cantor Fitzgerald, RFC Ambrian, FinnCap Ltd. and RBC Capital Markets. Sarah has been a member of the Board of Helium One since the Company's admission to AIM in December 2020. Aankondiging • Jul 18
Helium One Global Ltd Receives Formal Award of Southern Rukwa Mining Licence in Tanzania Helium One Global provided an update on the southern Rukwa Helium project in Tanzania. The Company also announces that it has entered into an investment agreement with three institutional investors that has been arranged by Marex Financial pursuant to which the Investors have conditionally agreed to invest a total of £10 million (approximately USD 13 million) to fund the next phase of operations in Tanzania and the US. The Company also intends to make available to existing shareholders the ability to participate in a retail offer of up to £1,000,000. Summary: Southern Rukwa Mining Licence formally awarded. Further testing programme to advance the development at southern Rukwa planned to start in Fourth Quarter 2025. £10 million (approximately USD 13 million) fundraise to further advance towards development in southern Rukwa and to continue to fund the USA Galactica helium-CO2 development to first gas Expected £1,000,000 retail offer to existing shareholders. The Company has now been formally awarded the 480km Mining Licence in southern Rukwa. In addition to this, the incorporation of the joint venture Company, Songwe Helium Ltd. has now been completed and directors appointed. The Regulatory Framework Agreements are still being finalised, but as previously announced the Government free carried interest has been agreed at 17%. Now that the ML has been officially awarded, the Company plans to commence further testing in Fourth Quarter 2025 to advance the development. This will be undertaken by re-entering the ITW-1 well and utilising a downhole Electric Submersible Pump which will be used to create artificial lift and flow helium at increased rates from the Basement and Karoo intervals. This operation is expected to provide a greater understanding of the helium concentrations at higher flow rates. This information will then be used to enhance the development programme. The Company is still awaiting a date for the execution of the regulatory agreements and the formal signing ceremony. Aankondiging • Jul 03
Helium One Global Limited Appoints Nishant Dighe as A Non-Executive Director Helium One Global announced the appointment of Nishant Dighe as a non-Executive Director of the Company, subject to the completion of due diligence required by the AIM Rules for Companies and AIM Rules for Nominated Advisers to be undertaken by the Company's Nominated Adviser. A further announcement, including the requisite Schedule 2(g) disclosures required under the AIM Rules for Companies, will be made in due course. Nishant hasan extensive background in engineering and business, holding a Masters in both Chemical Engineering and Petroleum Engineering from Imperial College London, as well as an MBA from Warwick Business School. He has over thirty years of experience across a broad range of organisations, including roles at ExxonMobil, strategic consultancy with Marakon Associates, and as COO and interim CEO of Oslo-listed Panoro Energy. Most recently he served as CEO of RAK Gas, the National Oil and Gas Company of Ras Al Khaimah, UAE, and as CEO of the RAK Petroleum Authority. Aankondiging • Jun 25
Helium One Global Ltd Provides an Update Following an Independent Competive Person's Report on the Contingent and Prospective Resources at Southern Rukwa Helium Project, Tanzania Helium One Global provided an update following an independent competent person's report on the contingent and prospective resources at southern Rukwa Helium Project, Tanzania. The evaluation of helium resources and the subsequent completion of the CPR has been carried out and issued by leading international reserves auditors Sproule ERCE. The evaluation of these helium resources in the southern Rukwa Helium Project are solely within the recently accepted 480km2 Mining Licence area. These resources are also broadly in line with those of the internal Company estimates which went into the Feasibility Study ("FS") and which formed the basis of the ML application for the southern Rukwa Helium project in September 2024. Highlights: Deterministic sum of 2C Gross Helium Contingent Resources1 for the Itumbula development have been evaluated by Sproule ERCE as 295,797 thousand standard cubic feet ("Mscf") and a 3C case of 1,345,591 Mscf Gross Helium Contingent resources. Additional Prospective Resources2 within the remainder of the Mining Licence ("ML") area, excluding resources assigned to the Itumbula discovery, have been evaluated by Sproul ERCE as 709,239 Mscf (2U) and 3,227,556 Mscf (3U) (Unrisked); Contingent Resources1 have been assessed by developing type curves and a well schedule for an Early Production System ("EPS"), followed by a further development with a Central Processing Facility ("CPF") Sproule ERCE have assigned Contingent Resources1, sub-classified as 'Development on Hold' to the EPS for the first period of the ML. Further production beyond this point is assigned to the sub-class 'Development Unclarified', as a standard license extension will be required at the end of the initial 10-year term Based on a phased development; initially with a 5-well and an EPS, which will serve to further appraise the area with a 15-well programme followed by a further phased 46 wells for the full field development. Aankondiging • Jun 03
Helium One Global Provides an Update Regarding the Galactica Project Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Highlights: State-9 well successfully drilled to total depth ("TD") of 1,225ft (373m) measured depth ("MD") with free gas confirmed by wireline logs; Well flowed naturally during drilling and at TD, demonstrating good reservoir communication; The well encountered 60ft (18m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells; JXSN-1,2,3,4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation; Samples sent to laboratory for analyses of helium and CO2 concentrations; State-9 Well Drilling and Initial Flow Test Results The State-9 development well encountered the Lyons Sandstone Formation at a depth of 1,165ft (355m) MD and was completed 60ft (18m) into the Upper Lyons Sandstone Formation at 1,225ft (372m). The well exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-2, Jackson-27, Jackson-29, Jackson-31 and Jackson-4 wells. Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation, and a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. State-9 targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation, which is connected to the entire gas column. During the natural flow of the well, early gas samples were taken (note, these will be contaminated from air-drilling and will require air-correcting) and are being delivered for laboratory analyses of helium and CO2 concentration. The well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling. It is anticipated that, upon successful testing at State-9, the well will be completed, ready to be tied-in to production facilities. The rig has now been released. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first USD 450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Development of Red Rocks further supports the commercialisation of the Galactica Project. Aankondiging • May 22
Helium One Global Provides an Update Following the Blue Star Helium Announce Regarding the Galactica Project Helium One Global announced the spudding of the State-9 development well at its Galactica helium project in Las Animas County, Colorado. This is the sixth well to be drilled in the Galactica development campaign. The shallow conductor has been set and blowout preventers are being installed and tested, and the next phase will be to drill through the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Sandstone Formation, with Total Depth planned within the Upper Lyons Formation gas reservoir. When TD is reached, wireline logging will then be commenced, followed by flow and pressure readings at the wellhead. This data will be used to estimate the production potential of the well based on the production model. State-9 is anticipated to be completed and ultimately tied-in to production facilities. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first USD 450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Development of Red Rocks further supports the commercialisation of the Galactica Project. Aankondiging • May 07
Helium One Global Provides an Update Following the Blue Star Helium Announces Jackson-2 Well Drilled to TD and Free Gas Confirms Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Highlights: Jackson-2 well successfully drilled to total depth ("TD") of 1,232ft (375m) measured depth ("MD") with free gas confirmed by wireline logs. Well flowed naturally during drilling and at TD, demonstrating good reservoir communication; The well encountered 73ft (22m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,2,3,4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation; Samples sent to laboratory for analyses of helium and CO2 concentrations; Well head being installed ahead of surface pressure readings and flow testing. The well exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-27, Jackson-29, Jackson-31 and Jackson-4 wells. Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation, and a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. Jackson-2 targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation, which is connected to the entire gas column. During the natural flow of the well, early gas samples were taken (note, these will be contaminated from air-drilling and will require air-correcting) and are being delivered for laboratory analyses of helium and CO2 concentration. The well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling. It is anticipated that, upon successful testing at Jackson-2, the well will be completed, ready to be tied-in to production facilities. The rig is planned to be mobilised to the State-9 SWSE 3054 well location next, the sixth and final well in this current campaign, where pad construction will commence shortly. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US $450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Aankondiging • May 02
Helium One Global Ltd and Blue Star Helium Limited Announces Jackson-27 Flow Test Results and Gas Analysis Update Helium One Global provided an update following the Blue Star Helium announced regarding the Galactica Project. The Jackson-27 well reached TD at 1,183 feet (361m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,123 feet (342m). As expected, water was not encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 320 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering studies and observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 350 Mcfd and 450 Mcfd, with a maximum of 550 Mcfd. Initial laboratory analysis of gas samples from Jackson-27 showed a helium concentration up to 0.41% (air corrected) and 98.31% CO2 (and 1.27% nitrogen). The well has tested the far eastern extent of the Galactica project area, and understanding the flow potential and reservoir gas composition in this part of the field is key to defining the helium-CO2 development going forward. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Blue Star previously released results of an independent engineering analysis of wells in the Galactica-Pegasus project and this analysis established maximum stabilised rates and drawdown for development planning and economic modelling. The analysis integrated results from the State-16 well with test data from the JXSN-1, JXSN-2, JXSN-3, and JXSN-4 discovery wells and compared it to public information from the adjacent Red Rocks development. The study concluded: Calculated permeabilities in the JXSN discovery wells and State-16 well range from 300 millidarcies ("mD") to 750 mD. This permeability range suggests initial flow rates at 6 pounds per square inch absolute ("psia") wellhead pressure of 334 Mcfd to 780 Mcfd. The State-16 well showed a calculated permeability of 405 mD in the Upper Lyons Sandstone Formation, and stabilised initial flow rates constrained for production optimization would be 250 Mcfd to 350 Mcfd with a maximum of 441 Mcfd Development planning includes considering vacuum compression ranging from 11 psia (-1 pounds per square inch gauge ("psig")) to 6 psia (-6 psig) wellhead pressure which provides the ranges above. The Jackson-27 well has shown a natural flow rate of approximately 320 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd. Given the higher natural flow at Jackson-27, due to greater permeability in the high-quality Upper Lyons Sandstone Formation,and the previous independent engineering study, projected potential stabilised flow rates, constrained for production optimisation, are expected to be 350 Mcfd to 450 Mcfd with a maximum potential rate of 550 Mcfd. Aankondiging • Apr 22
Helium One Global Provides an Update Following the Blue Star Helium Announce Regarding the Galactica Project Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Highlights: Jackson-29 flowed naturally during drilling and at Total Depth ("TD") Flow rate since TD has increased to over 320 thousand cubic feet per day ("Mcfd") Projected stabilised flow rates are 350 Mcfd to 450 Mcfd, constrained to optimise production, with a maximum potential rate of 550 Mcfd. Early samples return helium concentration of up to 3.30% (air-corrected) and 48.66% CO2 in line with expectations Details The Jackson-29 well reached TD at 1,183 feet (361m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,122 feet (341m). As expected, water was not encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 320 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering studies, and observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 350 Mcfd and 450 Mcfd, with a maximum of 550 Mcfd. Initial laboratory analysis of gas samples from Jackson-29 showed a helium concentration up to 3.30% and 48.66% CO 2 (and 48.04% nitrogen) in line with expectations. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first USD 450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Development of Red Rocks further supports the commercialisation of the Galactica Project. Aankondiging • Apr 16
Helium One Global Ltd Provides an Update Following the Blue Star Helium Announces Jackson-27 Spud At the Galactica Project Helium One Global announced the spudding of the Jackson-27 SESW 3054 development well at its Galactica helium project in Las Animas County, Colorado. The shallow conductor has been set and blowout preventers are being installed and tested, and the next phase will be to drill through the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Sandstone Formation, with Total Depth planned within the Upper Lyons Formation gas reservoir. When TD is reached, wireline logging will then be conducted, followed by flow and pressure readings at the wellhead. This data will be used to estimate the production potential of the well based on the production model. Jackson-27 is anticipated to be completed and ultimately tied-in to production facilities. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first USD 450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Aankondiging • Apr 04
Helium One Global Provides Jackson-29 Operational Update Helium One Global provided an update following the Blue Star Helium announcement issued regarding an update on the Jackson-29 well. Summary Jackson-29 intermediate hole section successfully drilled to casing point and casing set, Cementing programme complete and evaluation underway. However, operations currently suspended due to weather conditions, Following evaluation, Blue Star will run cement bond log (CBL) to confirm bonding and drill out into the target Lyons Formation to drilling total depth ("TD") Details: The intermediate hole section of the well was drilled to approximately 1,110 feet (338m). Subject to weather conditions,the cementing programme will be evaluated, and any excess cement removed. Blue Starwill then run the mandatory CBL to confirm good bonding and then drill out into the target Lyons Formation. The well will be TD'd within the Upper Lyons Sandstone Formation (production hole section). This is anticipated to commence early next week. At TD, the well will be wireline logged after which a wellhead will be fitted followed by flow and pressure readings at the wellhead. It is anticipated that, upon successful testing at Jackson-29, the well will be completed, ready to be tied-in to production facilities. Aankondiging • Mar 24
Helium One Global Limited Provides an Update on Jackson-4 Well Drilling to TD and Free Gas Confirms Helium One Global Limited provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Summary: Jackson-4 well successfully drilled to total depth ("TD") of 1,260ft (384m) measured depth ("MD") with free gas confirmed by wireline logs; Well flowed naturally during drilling and at TD, demonstrating good reservoir communication; The well encountered 62ft (18.9m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,2,3,4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation; Samples sent to laboratory for analyses of helium and CO2 concentrations; Well head being installed ahead of surface pressure readings and flow testing; Air drilling the Lyons Sandstone Formation and open-hole logging at TD (right) Jackson-4 Well Drilling and Initial Flow Test Results The well encountered the Lyons Formation at a depth of 1,198 feet (365m) MD and was completed 62 ft (18.9m) into the Upper Lyons Sandstone Formation at 1,260 ft (384m). The well exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-31 well. Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation as well as a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. This well targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation which is well connected to the entire gas column. During the natural flow of the well, early gas samples were taken (note, these will be contaminated from air-drilling and will require air-correcting) and are being delivered for laboratory analyses of helium and CO 2 concentrations. The well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling. It is anticipated that, upon successful testing at Jackson-4, the well will be completed, ready to be tied-in to production facilities. The rig will soon be mobilised to the Jackson-29 SWNW 3054 well location where pad construction is underway. The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Four existing discoveries at Galactica/Peg Pegasus (JXSN-1 to JXSN-4) have delivered gas flows of 125 to 412 thousand cubic feet per day ("Mcfd") to 412 Mcfd with high helium concentrations of between 2.0% and 6.1% Blue Star further appraised the discovery with the State-16 well which was drilled in June 2024 and the Jackson-31 well drilled in February 2025. Independent engineering consultants advised that State-16 is capable of producing up to 441 Mcfd with more stabilised rates constrained for production optimisation, projected to be between 250 Mcfd and 350 Mcfd. The well tested 1.9% helium and logs identified 96+ feet of gas column in the Lyons Sandstone Formation. Applying the same methodology, the Jackson-31 well is capable of a maximum rate of 500 Mcfd with more stabilised rate constrained for production optimisation projected to be between 300 and 400 Mcfd. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. Development of Red Rocks further supports the commercialisation of the Galactica Project. Blue Star has been advancing engineering work on Galactica related to CO2 removal, purification and sale prior to helium processing via the IACX helium recovery unit. Engineering and market analysis continues to optimize development configurations, production forecasts, and cost estimates. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first USD 450,000 of this well. Aankondiging • Mar 19
Helium One Global Ltd Announces Jackson-4 Intermediate Section Drilling Complete Helium One Global Limited provided an update following the Blue Star Helium announced that the intermediate hole section of the Jackson-4 L4 3154 development well has been successfully drilled to 1,123ft (342m) measured depth ("MD") and casing is now being run. Drill crew at Jackson-4 rig site after reaching TD of the intermediate hole section After cementing casing, a CBL will be undertaken to confirm good bonding, followed by further drilling into the target Lyons Sandstone Formation to planned TD at the base of the Upper Lyons Sandstone Formation (production hole section). At TD, the well will be wireline logged after which a well head will be fitted to provide flow and pressure readings. It is anticipated that, upon successful testing at Jackson-4, the well will be completed, ready to be tied-in to production facilities. Aankondiging • Feb 12
Helium One Global Ltd Announces Jackson-31 Drilling Update Galactica Project Helium One Global provided an update following the Blue Star Helium announcement issued regarding the Galactica Project. Drilling rig mobilised and rigging up at Jackson-31 Blue Star have announced that the drilling rig has been mobilised to the Jackson 31 well location in Las Animas County, Colorado and is currently in the process of rigging up. This follows the completion of site works and delivery of all casing to site, as previously announced on 15 January 2025. Drilling operations are expected to commence shortly after rigging up is completed. Aankondiging • Jan 29
Helium One Global Ltd Announces Jackson-31 Drilling Update Galactica Project Helium One Global acknowledges the Blue Star Helium announcement issued regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA. Road gravelling operations are progressing well despite recent severe winter weather impacting much of the USA. To avoid anticipated snow and challenging weather conditions in the coming weeks, Blue Star have decided to delay the mobilization of the drilling rig to location. The rig move is now targeted for the week beginning 10 February. The initial well in the drilling campaign remains the Jackson-31 SENW 3054, followed by the Jackson-4 L4 3154. The campaign includes three additional approved wells, with the final drilling sequence to be confirmed after the completion of Jackson-4. Work is continuing on the permitting and engineering for the Pinon Canyon processing plant in anticipation of first gas production in firstH 2025. Aankondiging • Jan 15
Helium One Global Limited Provides Galactica Project Drilling Update Helium One Global Limited acknowledged the announcement released by Blue Star Helium regarding the Galactica-Pegasus project in Las Animas County,Colorado, USA (the Galactica Project) and provided the following update. Site works at the Jackson-31 and Jackson-04 helium wells are complete. All casing has been delivered to site. The drilling contractor is preparing to mobilise the rig to Jackson-31 and spud is expected (early) next week. All site works have been finalised at the Jackson-31 SENW 3054 and Jackson-04 L4 3154 development well locations.All casing has been delivered to site and the drilling contractor is preparing to mobilise equipment and rig up at Jackson-31 (early) next week, with drilling expected to commence immediately after the rig is in place. Upon completion of Jackson-31, the rig will move to Jackson-04. This drilling campaign includes three additional approved wells, with the drilling sequence to be confirmed after Jackson-04 is drilled. Aankondiging • Dec 23
Helium One Global Limited Announces Development Drilling Update for Galactica Project Helium One Global provided the following updates and acknowledges the announcement released by Blue Star Helium (Blue Star) regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA (the Galactica Project). Works have commenced on site access and also the well pad at Jackson #31. · After completion of Jackson #31 civils, work will commence on the Jackson #04 location. · Drilling is scheduled to start in January at Jackson #31 followed by Jackson #04. · A further 3 approved wells are scheduled for this campaign. Drilling is expected to start, subject to weather, in mid-January 2025 at Jackson #31 followed by drilling at Jackson #04. A further three approved wells are scheduled for this campaign. The Company will provide further details on sequencing after the drilling of Jackson #04. Aankondiging • Dec 13
Helium One Global Ltd Announces Development Drilling Update Galactica Project Helium One Global provided the following updates and acknowledges the announcement released by Blue Star Helium ("Blue Star" or the "Operator") regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA (the "Galactica Project"). Weather-induced ground conditions do not currently permit construction of well sites and access roads at Galactica locations; Blue Star and its construction partners stand ready for mobilisation as soon as conditions permit; The Operator has decided to reschedule the start of drilling into mid-January to avoid standby costs over the Christmas period; The delay to the start of drilling is not expected to affect the overall project development timeline or targeted production commencement, which remains H1 2025; Work is advancing on the engineering related to CO2 removal, purification and sale prior to helium processing via the IACX helium recovery unit; Site works for the Stage 1 development drilling have been delayed by adverse weather conditions, with the ground currently water saturated and not suitable for construction. Blue Star is monitoring snow melt and ground saturation conditions closely with its landowner and construction partners. All services stand ready to mobilise as soon as conditions permit. Without further snow or precipitation, construction could start prior to year-end. Blue Star has decided not to mobilise the rig and drilling equipment to site prior to the Christmas break to avoid unnecessary standby costs over that period. Drilling is now expected to start, subject to weather, in mid-January 2025. The change in timing for drilling of the initial development wells at Galactica is not expected to affect the total timeline of the project, with production commencement still forecast in first half of 2025. In parallel, Blue Star has been advancing engineering work on Galactica related to CO2 removal, Purification and sale prior to hydrogen processing via the IACX hydrogen recovery unit. Blue Star has also now selected its preferred power generation solution for the project. Aankondiging • Nov 21
Helium One Global Ltd, Annual General Meeting, Dec 16, 2024 Helium One Global Ltd, Annual General Meeting, Dec 16, 2024. Location: the offices of hill dickinson llp, 8th floor, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom Aankondiging • Nov 15
Helium One Global Provides Update on the Galactica-Pegasus Project in Las Animas County,Colorado, USA Helium One Global provided the following update on the Galactica-Pegasus project in Las Animas County,Colorado, USA (the Galactica Project) operated by Blue Star Helium. The company completed a Farm-in Agreement with Blue Star on 4 November 2024. Colorado Energy and Carbon Management Commission ("ECMC") has approved permits to drill five additional helium development wells at the Galactica/Pegasus project. The five additional wells, together with the successful State 16 well, which is suspended ahead of tie-in to production, are expected to form part of the initial gas gathering into the Galactica helium production facility. Drilling planned to start in fourth quarter of 2024. The Colorado ECMC has granted permits to drill five additional helium development wells (Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 L4) at the Galactica/Pegasus project. Drilling is planned to start this quarter. These wells are located on Galactical Pegasus OGDP I. The wells are shown on the map below. The newly approved wells are located to the south and southwest of the successful State-16 development well, which is suspended for tie into production, and are expected, together with State-16, to form part of the initial gas gathering into the Galactica helium production facility which Blue Star is developing with the company. Currently, Blue Star has one completed development well waiting for tie-in to production and an inventory of fifteen helium development well locations approved at Galactica/Pegasus including Form 2 approvals for the drilling for eight development wells including those the subject of this announcement plus State-09, -35 and -36 helium development wells. Blue Star had a successful exploration campaign at the Galactica and Pegasus prospects (JXSN wells) followed by the first successful development well, State16 which was drilled in June 2024. Independent engineering consultants advised Blue Star that State-16 is capable of a maximum rate of 441thousand standard cubic feet per day ("Mscf/d") with more stabilised rates constrained for production optimisation projected to be between 250 Mscf/d and 350 Mscf/d. The well tested 1.9% helium and logs identified 96+ feet of gas column in the Lyons Sandstone. Four wells drilled across the two prospects resulted in four discoveries with gas bearing columns of up to 230 feet and helium content up to 6% and flow rates as high as 412 Mscf/d. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica project. Red Rocks produces raw gas into an IACX-operated helium recovery plant and sells helium gas into the market. Development and operation of Red Rocks further supports the positive outlook for the Galactica project. Aankondiging • Nov 04
Helium One Global Ltd Announces Stepping Down of Russel Swarts as Non-Executive Director, Effective Immediately On November 4, 2024, Helium One Global announced that Russel Swarts, Non-Executive Director, has decided to stand down from the Company with immediate effect in order to focus on his other interests. Aankondiging • Oct 17
Helium One Global Ltd Provides Update on Galactica-Pegasus Project in Las Animas County, Colorado, USA Helium One Global provided the following updates and acknowledges the announcement released by Blue Star Helium regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA. Highlights: The Colorado Energy and Carbon Management Commission ("ECMC") approved five new proposed helium development well locations (Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 L4) at the Galactica Project. These wells are located to the south and southwest of the successful State-16 well toward the proposed Galactica plant site and are expected, together with State-16, to form part of the initial gas gathering into the Galactica helium production facility which the Company is jointly developing with Blue Star as Operator. This approval satisfies a key condition precedent to the farm in agreement. Drilling on the Galactica Project expected to start Fourth Quarter 2024, subject to Form 2 (drilling permit) approval. Mining License application for southern Rukwa helium project in Tanzania remains under review by the Mining Commission. Three further PLs held by the Company, which have been deemed of limited prospectivity as well as being too difficult to access and/or offshore on the lake have reached the end of their second and final renewal term and will automatically lapse. Galactica/Pegasus Approvals, USA The Colorado ECMC has approved the Oil and Gas Development Plan ("OGDP") relating to five new proposed helium development wells (Jackson- 27 SWSE, Jackson-31 SenW, Jackson- 29 SWNW, Jackson-2L4 and Jackson-4 L 4) at the Galactica-P Vegasasus project. Following this approval, Blue Star will be able to submit the final drilling permit applications (Form 2) in respect of these wells. Subject to Form 2 approval drilling is planned to commence in Fourth Quarter 2024. This is the fifth OGDP at Galactica-Pegegasus. The five additional development well locations in Galactica are identified on the map below. These wells are located to The south and southwest of the State-16 development well toward the proposed Galactico plant site (also shown on the map) and are expected, together with state-16, to form part the initial gas gathering into theGalactica helium production facility. The Company currently has an inventory of ten helium development well locations approved at Galactica-P Vegas Pegasus including Form 2 approvals for the drilling of the State-09, State-35 and State-36 helium development wells. Galactica/P Vegasasus Previous Drilling, USA Blue Star had a successful exploration campaign at the Galactica and Pegasus prospects (JXSN wells) followed by the first successful development well, State-16 which was drilled in June 2024. Independent engineering consultants advised the company that State-16 is capable of a maximum rate of 441 thousand standard cubic feet per day ("Mscf/d") with more stabilised rates to allow for production optimisation projected to be between 250 Mscf/d and 350 Mscf/d. The well tested 1.9% helium and logs identified a helium gas-bearing column in excess of 96 feet in the Lyons Sandstone. Four wells (JXSN#4) drilled across the two prospects resulted in four discoveries with helium gas-bearing columns of up to 230 feet and helium content up to 6% and flow rates as high as 412 Mscf/d. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica project (see map above). Red Rocks produces raw gas into an IACX-operated helium recovery plant and sells helium gas into the market. Development and operation of Red Rocks further supports the positive outlook for the Galactica project. New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (708% average daily change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m (US$1.4k revenue). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€64.8m market cap, or US$72.4m). Aankondiging • Sep 04
Helium One Global Ltd Announces Sustained Helium Flow at ITW-1 Following Successful Completion of EWT Operations Helium One Global to confirm a helium discovery following completion of its extended well test ("EWT") operations at Itumbula West-1 ("ITW-1") which successfully flowed a sustained average of 5.5% helium (air corrected) from the fractured Basement and flowed a sustained average of 5.2% helium (air corrected) to surface from the faulted Karoo Group. Highlights: Successful completion of EWT operations at ITW-1 and demobilisation now underway. Fractured Basement interval flowed a sustained average of 5.5% helium (air corrected) to surface and up to a maximum of 6.7% helium (air corrected). Faulted Karoo Group interval flowed a sustained average of 5.2% helium (air corrected) to surface and up to a maximum of 7.9% helium (air corrected). The fractured Basement interval also flowed up to 1.1% hydrogen to surface. The well flowed naturally at a maximum flow rate of 2,701 barrels per day ("bpd") of fluid on a 36/64ths of an inch choke setting which equates to 834 standard cubic feet per day ("scf/d") of helium. Internal modelling demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in the development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium. The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix. Gas samples were also collected for additional laboratory analysis when required . Preliminary internal financial modelling demonstrates positive project economics with artificial lift and additional development wells. The Company is now integrating the results of the EWT and finalising its feasibility study ahead of submitting a Mining Licence ("ML") application. Zero Lost Time Injuries ("LTI") during the EWT operations at ITW-1. Non-productive time ("NPT") for the Company owned Epiroc Predator 220 drilling rig during EWT operations was 2.5%. The Company has now successfully completed its EWT at ITW-1 across the two target intervals. The first tested interval was the faulted Karoo Group which flowed a sustained average of 5.2% helium (air corrected) to surface and up to 7.9% helium (air corrected). Subsequently, the fractured Basement interval has now been tested and flowed a sustained average of 5.5% helium (air corrected) to surface and up to 6.7% helium (air corrected). The well also flowed up to 1.1% hydrogen to surface from the fractured Basement interval. The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix. The well flowed naturally at a maximum flow rate of 2,701 bpd of fluid on a 36/64ths of an inch choke setting which equates to 834 scf/d of helium. Internal modelling by the Company demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium. The gas compositional analysis of 5.2% helium (uncorrected) was associated with 1.6% argon, 4.9% oxygen and 88.3% nitrogen. This data was subsequently air corrected to yield 6.7% helium.These results were evaluated using an onsite Mass Spectrometer and verified from downhole samples by a field PVT laboratory at the well site. Downhole temperature measurements recorded up to 88°C from the production logging tool, which is consistent with the drill stem test results and likely to be derived from hot Basement-derived fluids. It is believed that these fluids are carrying the helium in solution preferentially along faults and fractures from deep within the Basement source. Following the completion of the EWT across the fractured Basement, a short co-mingled test of both intervals was conducted. Gas samples were collected at regular intervals throughout the EWT operation and will be used for additional laboratory analysis as and when required. Aankondiging • Jul 30
Helium One Global Announces Itumbula West-1 Commencement of Operations Helium One Global announced that operations at the Itumbula West-1 well commenced on July 26, 2024. Highlights include, Drilling operations have commenced at ITW-1 ahead of the planned extended well test. Plan to test two intervals: the fractured Basement and faulted Karoo, following the successful flow of 4.7% helium to surface during the drill stem test in February 2024. Prior to undertaking the EWT, the well will be deepened further into the Basement. Geolog undertaking mudlogging and testing whilst drilling to monitor helium gas shows, with above background indications of helium and hydrogen already observed whilst drilling out the 9?" shoe and re-entering the original wellbore. Portable mass spectrometer and field pressure-volume-temperature specialist on site to measure and validate helium gas shows as well as downhole samples from EWT. Global technology company, SLB (formerly Schlumberger) contracted and onsite for fluid services with surface well testing equipment currently on route to operating location. Phase III operations from spud to completion of EWT is anticipated to take approximately five weeks. The ITW-1 well operations were successfully commenced on 26 July 2024. The Company has drilled out the 9" shoe track and is currently entering the original 8½" hole, following which the Company will be drilling ahead to deepen the well further into the Basement prior to the EWT. Upon drilling out the 9?" shoe track and re-entering the original wellbore, the Company observed above background levels of helium and hydrogen flowing to surface.
Following the success of the ITW-1 drill stem test in February 2024, where 4.7% helium and 2.2% hydrogen flowed to surface from the fractured Basement, the Company is preparing to test two intervals. These will be the fractured Basement interval in the deepest section of the well, as well as the faulted Karoo section. After drilling, slotted casing will be run and cemented followed by the installation of a completion string prior to the commencement of the EWT. If the EWT is successful, the well will be suspended as a future producer. During the testing phase, helium and hydrogen gas measurements will be monitored, along with flow rates, pressure and reservoir performance. The Company has the ability to collect and measure gas samples onsite and will be able to verify gas composition in real-time. The results from the EWT will be integrated into a detailed subsurface dynamic model, which will be used to determine resource estimates and formulate part of a wider feasibility study. The whole process from spud to completion of extended well testing across the two zones is expected to take approximately five weeks. The Company will make further announcements as and when appropriate. Aankondiging • Apr 10
Helium One Global Ltd Provides Rukwa Project Update Helium One Global Ltd. provide the following update on its Rukwa Project. ESIA study: The ESIA is part of the feasibility study which is central to the licence conversion process that is required by the Mining Commission in Tanzania. As the ESIA is expected to take approximately six months to complete, the Company has commenced the work now so that the results can align with the EWT and, upon completion of both, will then allow the Company to complete the feasibility study ahead of submitting the ML conversion application. The Company has appointedMTL Consulting Ltd. ("MTL"), a Tanzanian company, for the ESIAand will continue to work with them to compile and deliver a detailed report to the National Environmental Management Council within the necessary timeframe. As well as the ESIA study, the Company will also undertake more detailed subsurface work and plans to establish contingent resource estimates which will form part of the Feasibility Study. Production facility study: The Company has also commenced above-ground engineering studies and, following a detailed review of several companies, has now selected one to produce a preliminary design for a production system that will be suited to the flow rates and gas composition within the Rukwa Basin. This study has commenced with several processing facility options already being reviewed. These will include a smaller, lower rate pilot plant that would allow for early production as well as larger, modular systems that can be scaled-up. The design work will include helium liquefaction, storage and transportation with the aim of providing a well head to off-taker processing system. This would enable the Company to streamline all downstream and mid-stream activities. EWT and future drilling update: The Company has commenced ordering the long lead items for the Itumbula West-1 EWT and is currently reviewing the merits of re-entering and deepening the Tai-3 well or pursuing a new exploration/appraisal well. Amongst other considerations, this decision will be made on the back of delivery times for the necessary equipment and the availability of third-party service companies. Aankondiging • Mar 09
Helium One Global Ltd Provides the Following Update on Future Operations At Rukwa Helium One Global Ltd. provided the following update on future operations at Rukwa. Highlights: Drill stem test ("DST") results carried out on the Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day (mmscfd) containing 4.7% helium, Extended well test ("EWT") planned on Itumbula West-1 well in Third Quarter 2024, Resource estimates and subsurface modelling being progressed, Early engagement with vendors regarding production facility engineering as the Company's focus transitions towards development and production, Company-owned Epiroc Predator 220 drilling rig is currently hot stacked and remains in a state of operational readiness. The DST results from Itumbula West-1 well have demonstrated that the well has flowed the equivalent of 0.5 mmscfd of 4.7% helium (without any artificial lift) from the fractured Basement and faulted zone. These flow rates in a pure helium play, without the presence of hydrocarbons and carbon dioxide, indicate the uniqueness of this helium project. The Company is currently advancing its subsurface modelling and updating its internal resource estimates in order to determine the best path towards the commercialisation of Itumbula. Helium One is currently working towards an EWT in Third Quarter 2024 on Itumbula West-1 in order to confirm flow rates and the fluid composition. 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. The Company has already approached vendors regarding such facilities and will be working closely with them over the coming months. The Company is also reviewing its options to drill another well this year, following the commencement of the EWT. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations. The Company-owned Epiroc Predator 220 drilling rig is currently hot stacked at the Itumbula West-1 wellsite. Additional spare parts are being obtained while the rig remains in a state of operational readiness. Recent positive engagement with the Mining Commission of Tanzania has enabled the Company to align on forward appraisal and development plans, including associated licensing requirements. The Company looks forward to making further updates in due course. Aankondiging • Feb 07
Helium One Global Ltd has completed a Follow-on Equity Offering in the amount of £4.7 million. Helium One Global Ltd has completed a Follow-on Equity Offering in the amount of £4.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 313,333,333
Price\Range: £0.015
Transaction Features: Subsequent Direct Listing Aankondiging • Feb 06
Helium One Global Provides an Update on the Completion of the Itumbula West-1 Well Helium One Global provided the following update on the completion of the Itumbula West-1 well which saw helium flow to surface. Highlights: Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations. The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium. A measured helium concentration of 4.7% equates to almost nine thousand times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels. Wireline logs, including image logs, demonstrated the location of fault and fracture zones and these were used to locate optimal well test intervals. Downhole fluid samples have been obtained from three separate well test intervals, in the Basement and across the fault zones, all were analysed at surface in an onsite pressure-volume-temperature ("PVT") laboratory and indicated the presence of elevated helium. Duplicate samples collected from all three well test intervals will be sent to a second laboratory for analysis. Hot Basement fluids, measuring >80°C, encountered across the fault zone and in the Basement and are consistent with helium and hydrogen prone intervals. Elevated temperatures consistent with a low enthalpy geothermal system. The well is now being cased and suspended and the Company will fully evaluate the well results and focus on advancing this project in the most effective way possible. Non-productive time ("NPT") for the Epiroc Predator 220 drilling rig reduced by over 350% between Tai-3 and Itumbula West-1. Zero Lost Time Injuries ("LTI") across the two well drilling programme of Tai-3 and Itumbula West-1. The successful results of the wireline logging, combined with the acquisition of image logs, confirmed the presence and location of the fault zones and fractured Basement that were originally identified through the evaluation of the 2D seismic. Helium shows obtained from the drilling mud whilst drilling had already indicated that these zones were likely to be helium-bearing intervals, and the wireline data enabled the well test intervals to be identified. The Company identified three zones for well testing, and upon completion of each DST, all three zones successfully yielded downhole gas samples. When performing the Basement DST, high concentrations of helium began to flow to surface following reverse circulation and yielded a compositional mix up to 4.7% helium, 1.5% argon, 8% oxygen and 86% nitrogen. These results were evaluated using an onsite Mass Spectrometer and verified from downhole samples by a field PVT laboratory at the well site. A measured helium concentration of 4.7% equates to almost nine thousand times above background levels (5.3ppm). Two subsequent well tests were carried out across the fault zone and yielded similar results from the downhole samples which were evaluated in the onsite field PVT laboratory. The Company has identified that the frequency of helium increases with depth and is preferentially carried in hot fluids out of the Basement and along fault conduits. As the helium rises through the well bore, the pressure decreases, and it is thought that the helium then comes out of solution and increases in concentration. This was further collaborated with mudlogging data that showed elevated helium whilst drilling the 8½" hole section through the Lake Beds Formation and the shallow fault zone. The well produced a continuous measurement of helium gas across the micro-GC and this consistent helium gas measurement was repeated during hole opening operations in preparation for running casing. Despite having an accurate, independent field PVT laboratory on site, the Company has collected duplicate samples where possible, and these will be sent to a second laboratory for independent verification. In addition to high helium flowing to surface, the Company encountered elevated hydrogen levels that flowed to surface. This concentration of hydrogen was measured at 2.2% using micro-GC equipment and is over thirty-seven thousand times above background levels (0.6ppm). During the DST, it was noted that the downhole temperature gauges detected elevated temperatures (>80°C) associated with the release of hot Basement fluids, and subsequently, helium. These temperatures are indicative of a low enthalpy geothermal well. This geothermal energy has the potential to result in either a direct use project or a binary fluid electricity producing plant. Which in turn could be utilised in a number of ways which may include powering several functions in the development and production phase. The Company owned Predator 220 drilling rig completed the drilling of the Itumbula West-1 well in eighteen days to a total depth of 961m measured depth and has successfully run wireline operations and completed three DSTs. NPT for the Epiroc Predator 220 drilling rig was reduced by over 350% between the Tai-3 and Itumbula West-1 wells, with zero downtime related to hydraulic issues. This improvement reflects and justifies the comprehensive upgrade and maintenance programme carried out post Tai-3. In addition, the Company has successfully to date, completed the two well drilling campaign safely without any LTI. Aankondiging • Jan 25
Helium One Global Ltd Announces Itumbula West-1 Well Has Successfully Reached Td Helium One Global provided the following update on the drilling of the Itumbula West-1 well. The well has been successfully drilled to 961m MD and has reached its TD in granitic Basement. The well encountered elevated helium shows, over twenty times above background, whilst drilling through the Lake Beds Formation, Red Sandstone Group, Karoo and Basement targets. Elevated readings and an increased frequency of helium shows were encountered whilst drilling through the faulted zone. An increase in temperature was also recorded which suggests the movement of deeply sourced fluids migrating along the fault, which is likely liberating the helium. The helium readings were measured from the drilling mud using the Micro Gas Chromatograph and validated using the onsite portable Mass Spectrometer. In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement. The Company will now rig up for wireline operations to log the entire well. Following wireline operations, the Company will then perform an open hole well test (DST) across the faulted zone and additional zones of interest, once full petrophysical analysis of the wireline logs is complete. Downhole samples will be taken and evaluated onsite using the pressure-volume-temperature field laboratory. Any additional samples will be sent off to specialised noble gas laboratory for further verification. The Company will make further announcements following the results of wireline operations and the completion of well testing. Aankondiging • Jan 08
Helium One Global Announces Itumbula West-1 Well Commencement of Drilling Helium One Global announced that drilling at the Itumbula West-1 well commenced on 06 January 2024. Drilling has commenced at the ItumbulaWest-1 well; Targeting two major fault zones and the Karoo Group; Geolog undertaking mudlogging whilst drilling to monitor helium gas shows; Portable mass spectrometer and field pressure-volume-temperature specialist on site to measure and validate helium gas shows as well as downhole samples; Downhole reservoir testing equipment has been mobilised internationally to perform open hole well testing and fully evaluate the fault zones; Baker Hughes, energy technology company, continue to provide third party services for wireline, fluids and cementing; Part relinquishment of Prospecting Licence ("PL") 10704/2015 in the Balangida Rift Basin, following an internal license review completed earlier last year, now ratified by Tanzanian Government. Following the successful instalment of the new iron rough neck and completion of the hydraulic repairs, the Itumbula West- 1 well was successfully spudded on 06 January 2024. The Company is currently cementing the 20" conductor ahead of drilling the 17.5" hole section. Following the drilling of the Tai-3 well and acquisition of valuable data, the two primary objectives of this well are to target and evaluate the fault system as well as the conventional Karoo play, both of which are anticipated to yield helium. Therefore, in addition to the conventional mudlogging and wireline procedures that were undertaken on Tai-3, the Company also aims to perform an open hole well test in both the fault zones and Karoo targets on Itumbula West-1. Whilst drilling, the Company will be measuring gas shows using Geolog's mudlogging services and a portable mass spectrometer. Once the wireline logs have been run and evaluated, the Company will also have the option to take downhole samples under reservoir conditions using Baker Hughes' Reservoir Characterisation Instrument tool. The Company will be able to transfer and evaluate these samples onsite, as well as sending duplicate samples for laboratory analyses at a leading noble gas laboratory. The whole process from spud to completion of logs and well testing is expected to take approximately four to five weeks. The Company continues to engage with the University of Dar es Salaam, who have appointed a member of staff from their Department of Geosciences to be involved with this well in order to gain valuable experience in what continues to be a project in Tanzania. Licence update: Following a license review early last year, the Company applied for a part relinquishment of PL 10704/2015 in theBalangida Rift Basin. The 125km2 area selected for relinquishment was based on the following: area with no, or poorly, defined exploration leads; and area on outcropping basement i.e. no sediment fill and therefore deemed to be non-pro prospective This part relinquishment has recently been ratified by the Tanzania Mining Commission and the area retained is based upon the following criteria: a prospective area supported by gravity-magnetic data, known surface helium seeps, multispectral satellite spectroscopy data and soil gas surveys Helium One now holds a PL footprint in the Balangida Rift basin totaling 134km2. All other PLs remain unchanged. Total area of PLs now held by Helium One Global is 2,840km2. Total area of PLs currently held by Helium One Global are 2,840km2. Aankondiging • Dec 23
Helium One Global Ltd has completed a Follow-on Equity Offering in the amount of £6.052106 million. Helium One Global Ltd has completed a Follow-on Equity Offering in the amount of £6.052106 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,420,842,500
Price\Range: £0.0025 Aankondiging • Dec 07
Helium One Global Ltd Provides Operational and Financing Updates Helium One Global Ltdl provided the following operational and financing updates. Highlights: Replacement iron rough neck for the Epiroc Predator 220 drilling rig purchased and currently being mobilised from the USA; installation expected to be completed within three weeks; Hydraulic and electrical maintenance and repairs currently nearing completion; Civils work at the revised Itumbula well pad (West-A) now complete and rig successfully rigged down from Tai-3 and moved to Itumbula; Spud of Itumbula well now anticipated to be early January 2024; targeting a large, deep seated basement fault and additional play concept; Site personnel reduced to minimise costs during rig maintenance and repair period; A cost analysis and budgeting exercise in relation to Itumbula well indicates a need for further funding and the Company is in positive and advancing discussions with a number of investors; Rig Maintenance and Drilling Operations. The Company has now successfully purchased and mobilised a replacement iron rough neck from the USA. This new item will replace the existing iron rough neck component on the Company's Epiroc Predator 220 drilling rigs and is expected to arrive on site, at the Itumbula well location, and to be installed within the next three weeks. Over the past two weeks, a specialist Hydraulics Engineer has been reviewing the hydraulic system of the drilling rig and the Company is confident that these issues have now been rectified. Following rig down at Tai-3, the rig itself and all associated equipment (including the substructure and the pipe skate), have now been successfully moved to the Itumbula lay down area, located approximately 1.2km from the Itumbula well pad. It is at this location that the remainder of the rig maintenance and repair work will be completed and the rig will then be moved the short distance to the new Itumbula well pad. Following the positive drilling results from the Tai-3 well, and the increase in concentration of helium encountered in the fault and fractures close to Basement, the Company has subsequently reviewed the geology of the Itumbula prospect. It is bounded by a large, deep seated western fault which extends into the Basement source rock. It is this fault that is interpreted to be associated with the active surface helium seep 3km away. With the results from Tai-1/-1A and Tai-3 suggesting that it is the migration of fluids that play a crucial role in liberating the helium out of the Basement source and along fractures and faults, the Company has now elected to target the western bounding fault at Itumbula as a primary target. Therefore, the Itumbula well has been designed to directly target this new fault play where the Company anticipates helium concentrations to be significantly elevated. The Company now expects to spud the Itumbula well in early January 2024; the company anticipates the drilling programme to be completed within 30 days. Funding update: Having successfully moved the rig to Itumbula and, following the identification of the new Itumbula well, completed the new well pad civils work in readiness for drilling, the Company has undertaken a full cost analysis and budgeting exercise In order to ensure that, once spudded, the Itumbula well can be successfully drilled as planned. In undertaking this costing exercise the Company has been cognisant of the contingency funding that may be required given the significant additional costs and time delays encountered during the drilling of Tai-3. Having completed the costing exercise, the Company has identified a need for additional funds before Itumbula can be drilled. In addition, the Company is in receipt of a number of unsolicited approaches from potential investors and, in light of the findings of the costing exercise, is advancing these discussions while also assessing other financing options. The Company is confident of securing the additional funding in the near future so as to realise the cost synergies of avoiding a delay to the drilling of Itumbula and will provide an update in due course. Aankondiging • Nov 21
Helium One Global Successfully Completes Wireline Logging and Downhole Sampling At the Tai-3 Well Helium One Global announced that the Company has successfully completed wireline logging and downhole sampling at the Tai-3 well. The Company has now successfully completed drilling and wireline operations at the Tai-3 well, despite a number of unexpected operating challenges,. These wireline operations have included logging, and downhole pressure tests and sampling. The Company was able to successfully run logging tools down to 1,430m MD (compared to the current TD of 1,448m MD) and acquired downhole fluid samples from four different zones in the Lower and Upper Karoo Group. Petrophysical analysis of the downhole logs demonstrated little to no zones of interest for sampling in the Lake Beds or Nsungwe Formation. The wireline logs have demonstrated a series of good quality, stacked reservoir intervals in both the Upper and Lower Karoo Group sections. In particular, the deeper Lower Karoo Group section which had not previously been drilled in the Rukwa Rift Basin and initial petrophysical analysis has demonstrated a series of well-developed good quality reservoir sands. These sands range from2-20m thick, an average 17% porosity and 0.44 net to gross, interbedded with shale prone seals. These reservoir-seal pairs, combined with their proximity to the Basement helium source, makes this interval a very interesting primary zone. The Upper Karoo Group section demonstrates an increased shale content, and more thinly bedded reservoir intervals. The Lake Bed Formation is dominated by sandstones and shales, with minor amounts of limestone. Initial petrophysical analysis of wireline logs over the Lake Bed Formation demonstrates good to excellent quality reservoir sands (average 24% porosity and 0.61 net to gross) interbedded with thin claystones and limestones. The downhole sampling programme, using a Baker Hughes Reservoir Characterisation Instrument, successfully recovered samples from four different intervals in the Lower and Upper Karoo Group. Although, no free gas samples were obtained, there was evidence of helium gas in solution when the samples were transferred at surface, and pressure-volume-temperature analyses were performed. These samples yielded helium up to 8,320ppm helium, with the highest values encountered close to a small, faulted zone in the Lower Karoo Group. It is noted that helium shows increased whilst drilling into the Basement fracture zone until losses were encountered and drilling operations were halted The presence of these helium-enriched fluids migrating through the basin along fractures and fault zones that is likely to allow the helium to migrate from the deeper Basement source rock. As a result of this increased understanding of the regional characteristic, the Company plans to drill deeper into the Basement with a view that this trend continues, and helium concentrations continue to increase at greater depths. On this basis, the decision has been made to run 7" casing and suspend the Tai-3 well, so Helium One can return at a later date and deepen the well. The Company is also in the process of reviewing the geology of the Itumbula prospect, in light of information gleaned from Tai-3. The Itumbula prospect is bound by one of the largest faults in the basin, and this is associated with a prolific surface helium seep which has measured up to 10.4% helium. The results from the Tai-1 and Tai-3 wells seem to indicate that it is the faults and Basement fractures that are releasing the highest concentrations of helium and, therefore, the Company now intends to target the western bounding fault of the Itumbula prospect during the second phase of this drilling campaign The Company is still finalising the details of the repair work that is required for the rig and will provide updates as soon as that information is available; as well as plans for the revised well location once concluded. Aankondiging • Nov 15
Helium One Global Ltd, Annual General Meeting, Dec 14, 2023 Helium One Global Ltd, Annual General Meeting, Dec 14, 2023, at 11:00 Coordinated Universal Time. Location: offices of Hill Dickinson LLP at 8th Floor The Broadgate Tower, 20 Primrose Street Llandudno United Kingdom Aankondiging • Nov 11
Helium One Global Provides the Update on Tai-3 Operations Helium One Global provides the following update on Tai-3 operations. The Company's Epiroc Predator 220 drilling rig has encountered an issue with the hydraulic system which, as a result, is affecting the performance of the iron rough neck mechanism. Both the hydraulic system and the iron rough neck are critical to the operations of the rig and, as a result of this, the Company has had to temporarily shut down operations whilst the full extent of the issue is determined. As a result of this, the Company is currently unable to pull the drill string out of the hole and has therefore been unable to commence wireline operations as planned. However, the drill pipe can still be rotated and drilling fluid circulated so wellbore stability remains good. The Tai-3 results during drilling were very encouraging with helium shows up to six times above background at multiple levels, increasing in frequency and quality with depth. The Company and on-site team remain fully focused and committed to resolving this temporary setback so that the valuable wireline data and downhole gas samples can still be obtained. The Company will provide further updates in due course. Aankondiging • Oct 31
Helium One Global Ltd Provides Operational Update on the Drilling of the Tai-3 Well Helium One Global provided the following update on the drilling of the Tai-3 well. Tai-3 well has successfully encountered helium shows whilst drilling in the Lake Bed Formation and the Karoo Group. The Basement reservoir target has come in deep to prognosis and is yet to be reached; this has extended the drilling period; Well depth is currently at 1,445m measured depth ("MD"), with well total depth ("TD") now expected to be at 1,550m MD; On Sunday 29th October, whilst drilling the final section, the rig encountered a mechanical and an electrical fault which resulted in a temporary rig shut down to allow for troubleshooting and repairs; Once drilling recommences, the Basement target should be reached quickly and this will be followed by a comprehensive wireline programme to fully evaluate the helium shows encountered whilst drilling Details The Tai-3 well has encountered helium shows whilst drilling In the Lake Bed Formation and the Lower Karoo Group. These measurements were made on the Micro Gas Chromatograph whilst drilling and have also been calibrated with the portable mass spectrometer to confirm the presence of helium in the mud gas. The Company has not yet reached the third reservoir target of Basement and were hoping to reach well TD yesterday. The Basement target is now over 400m deeper than prognosed, but cuttings have indicated the presence of weathered metamorphic material, indicating that the well is now very close to the target interval. On Sunday 29th October, while running back in hole following a drill bit change, there was a seal failure on the iron rough neck which is used to make and break connections of drill pipe. The Company is confident that this part can be replaced in-country but will require a few days to source and repair. Following the component failure in the rig carrier on 4th October and prior to yesterday, the Predator 220 drilling rig had continued to perform well. Once drilling has recommenced and has reached TD in Basement, the Company will then rig up for wireline operations and commence logging in order to gain additional information on reservoir characteristics, as well as to identify and sample any gas-bearing intervals. The Company will make further announcements in due course. Aankondiging • Oct 16
Helium One Global Recommences Drilling on Tai-3 Well Helium One Global announced that drilling on the Tai-3 well has successfully recommenced. On October 13, 2023, the Company successfully installed the replacement part required to resolve the component failure in the main rig carrier that occurred on October 4, 2023. With the assistance of the rig mechanic and engineers from Epiroc, the rig manufacturer, the rig then underwent testing prior to restarting operations. As of 16:00 hrs EAT (14:00 hrs BST) on October 14, 2023, the Predator 220 drilling rig recommenced drilling. Prior to the component failure the Company had drilled to just below the 13 3/8" casing shoe, which was on track with the company's expected drilling timetable. The Company will now continue to drill ahead to the planned total depth (TD) of 1,100m MD through the primary reservoir targets in the Lake Bed Formation, Karoo Group and Basement. The Company expects to make a further announcement once TD is reached. All third-party services have remained onsite and were ready to immediately resume operational activities and minimise any further delays. The wireline tools have also been fully tested and are ready to run in the hole once the TD has been reached. Civils work is continuing for the second well in this drilling campaign on the Itumbula-C well pad and access road. The Company remains on track to drill this well prior to the wet season commencing. Recent soil gas surveys over the Itumbula prospect have yielded helium concentrations above background levels which correlate well to the surface helium anomalies identified from the 2022 multispectral satellite spectroscopy seep study. The Company has also successfully carried out an emergency medical evacuation (medevac) drill from the Tai-3 wellsite, using a helicopter fully equipped for medevac purposes and the company’s onsite medical team who specialise in trauma care. On site, the Company has 24hr medical cover with a doctor, paramedic, a fully equipped ambulance, ambulance driver and a specialist clinic. A purpose-built helipad at the Tai-3 wellsite enables a quick medevac solution in the event of a medical emergency. New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€48.5m market cap, or US$51.0m). Aankondiging • Oct 07
Helium One Global Ltd Updates on the Drilling of the Tai-3 Well Helium One Global Ltd. updated on the drilling of the Tai-3 well. the Predator 220 drilling rig suffered a component failure within the main rig carrier. In order to undertake the necessary repairs, mechanical parts will need to be brought in from outside of Tanzania and, as a result, will require it to temporarily suspend operations whilst these repairs are carried out. Prior to this event, drilling operations were on schedule with no issues with the hole, its well control equipment is fully installed and pressure tested, and the rig was performing well, with the target depth expected to have been reached over the coming weekend. The company had just commenced drilling the 8.5" hole section at the top of the Lake Bed Formation, after successfully running and cementing the 13 3/8" casing. The Company expects it to take in the region of two weeks to source the required parts and repair the drilling rig and is confident that it will then be able to successfully recommence drilling in accordance with the original programme. Further updates will be made in due course. Aankondiging • Sep 25
Helium One Global Announces That the Tai-3 Well Commenced Drilling on 25 September 2023 Helium One Global announced that the Tai-3 well commenced drilling on 25 September 2023. With all drilling crew, third party services equipment and personnel onsite, the Tai-3 well was successfully spudded this morning. The team are currently drilling ahead to section TD prior to running the 20" conductor. The conductor prevents unconsolidated rock entering the well, before proceeding to drill the 17.5" hole section. Whilst drilling, Helium One will measure gas shows using Geolog's mudlogging services and a portable mass spectrometer. After TD has been reached, Baker Hughes will then rig up and run their wireline tools. Once the wireline logs are run and evaluated, the Company will then run in hole to evaluate further with Baker Hughes' Reservoir Characterisation Instrument ("RCI") tool to take downhole samples under reservoir conditions. Onsite, there is also the facility to transfer and evaluate these samples, as well as the capability to send duplicate samples for laboratory analyses in a leading noble gas laboratory. The whole process from spud to completion of logs and initial analyses is expected to take approximately four weeks, after which the Company will make a further announcement. The containerised camp is now fully setup and operational at the wellsite to minimise crew movements during 24hr operations. The camp has capacity to house ~60 personnel, including Helium One's national staff who are employed for the duration of the project. The Company is engaged with the University of Dar es Salaam, who have selected a member of staff from their School of Mines and Geosciences to be assigned to the drilling project, to gain valuable experience as well as transfer of skills for what is a flagship project in Tanzania. A separate batch of rock cuttings from the well will also be sent to the Geological Survey of Tanzania (GST), the scientific department of the Government which sits under the Ministry of Minerals. The Company expects to make a further announcement once TD has been reached. Aankondiging • Sep 19
Helium One Global Appoints Graham Jacobs to the Board as A Director Helium One Global announced the appointment of Graham Jacobs to the Board as a Director of Helium One with immediate effect. Graham has been working with the team since January 2022 and was appointed Financial and Commercial Director on 4 August 2023. Graham is an experienced financial and commercial executive with over 30 years of experience in the natural resources sector. He has extensive expertise in the oil and gas industry having held a number of senior positions at Dragon Oil plc, PanOcean Energy, Addax Energy and Oryx Petroleum, and was also Head of Commercial at Tanzanian focussed Orca Energy. Aankondiging • Sep 01
Helium One Global Ltd Announces Operational Update Helium One Global provided an update on progress at its Rukwa (100% Operated) project area ahead of its Phase II drilling programme. The Company has now appointed a full drill crew in advance of the Phase II drilling programme. The skilled crew have been sourced through reputable, UK-based energy project management company, Zenith Energy ("Zenith"). The crew comprises a day and night shift in order to undertake 24-hour operations and also includes the appointment of third-party services personnel and an operator supervisory team. Helium One has also executed a contract with Container Concepts Ltd. who are currently mobilising to site. The rig is now approximately 90% "rigged up" at site and expected to be complete within the next few days. The Rig Manager, Night Drilling Supervisor and local rig crew are already on site and currently undergoing inductions and mandatory training prior to the commencement of drilling. The last of the remaining long lead items due are currently on schedule to arrive at site the second week of September. Aankondiging • Aug 01
Helium One Global Ltd Announces Board Changes Helium One Global announced that Ian Stalker (72) has decided to step down from his position as non-executive chairman after five years in the post to reduce the number of his non-executive roles. James Smith, currently non-executive director of Helium One, is to be appointed as Chairman with immediate effect. James is an experienced Director with over 35 years of experience in the natural resources sector. He has extensive expertise in the oil and gas industry having held a number of senior positions at Chevron Corporation, PanOcean Energy and also VP Exploration at Tanzanian focussed Orca Exploration. James has been a member of the Board of Helium One since listing in December 2020. During Ian's tenure as Chairman, he has overseen a period of significant achievement, from the Company's successful listing on AIM to the maiden drilling programme at Rukwa, as well as guiding the Company ahead of their second drilling campaign in Rukwa in September. Aankondiging • Jul 12
Helium One Global Ltd Provides an Update on Progress At Its Rukwa Project Area Including Details of Its Phase II Drilling Programme Helium One Global provided an update on progress at its Rukwa (100% Operated) project area including details of its Phase II drilling programme. Following the extensive evaluation of rig options and in order to remain on the critical path to a third quarter spud, the Company has successfully completed the acquisition of an Epiroc Predator 220 drilling rig - an oil and gas type rig capable of drilling to depths in excess of 2,000m. The rig is now in Tanzania and is currently being mobilised to the Rukwa site. This is a highly significant achievement for the Company as ownership of the rig provides the opportunity to move quickly into further exploration drilling and, in a success case, allow the appraisal of Tai without the additional cost of keeping a rig on standby or become challenged by mobilising a rig into country again. The Company has an inspection report of the rig from 2022 which confirms that the rig is in good condition and a more recent inspection by the Company, prior to acquisition, has confirmed it remains in working order. The Company will now focus on securing an experienced crew ahead of drilling operations. Long lead items such as drill bits, bottom hole assemblies, casing and drill pipe that the Company had already purchased for the Drillmec HH102 rig are compatible with the Epiroc Predator 220 rig, and this will keep additional cost spend to a minimum. Some of this equipment has already been mobilised to site in anticipation of the forthcoming operations. The Company has now terminated its association with SOFORI after having previously served a notice of rectification.ukwa civils work underway and third-party drilling services executed The Company has already commenced the ground works for the construction of the Tai-C well pad, camp and access roads at its Rukwa site. The civils work is being carried out by TNR Ltd. ("TNR"), a Tanzanian company, and is expected to be completed by mid-August 2023. Aankondiging • Jul 07
Helium One Global Ltd Provides Drilling Rig Update Helium One Global provided a rig update in relation to the Company's contractual relationship with SOFORI taking into account today's announcement by Noble Helium. The Company has previously issued a number of deadlines to SOFORI but continues to have concerns about the lack of operational and contractual progress required under the terms of the non-binding Letter of Intent ("LoI") and, pursuant to legal advice received by the Company, have issued SOFORI with a rectification notice. The Company continues to review, and progress, a number of alternative options that, in the event that SOFORI do not fulfil the obligations outlined to them in the notice of rectification, will still enable Helium One to meet its targeted drilling of the Tai-C well in Third Quarter 2023. The Drillmec HH102 Marriott rig is also another option that the Company continues to evaluate. In preparation for the third quarter spud the Company has also already commenced it's civils work at site in order to expedite the drilling campaign. Aankondiging • May 22
Helium One Global Ltd Completes an Independent Verification of the Prospective Resources At the Tai Prospect Helium One Global announced that the Company has completed an independent verification of the prospective resources at the Tai Prospect ("Tai"). The evaluation of the total gas and helium prospective resources, and completion of a competent person's report (CPR) for the Tai prospect has been carried out and issued by reserves auditors ERC Equipoise Ltd. (ERCE). Highlights: The deterministic sum of the unrisked estimates of 2U1 net helium prospective resources in the report is 2.8 billion cubic feet ("Bcf") and the deterministic sum of the un risked 2U1 total gas prospective resources is 212.2 Bcf across the combined intervals of the Lake Bed Fm, Nsungwe Fm, Karoo Sandstone and weathered Basement. This demonstrates a 61% increase in the original resource estimate from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd. The deterministic sum of the 3U2 net helium prospective resources is 7.1 Bcf in the ERCE report, which is a 30% increase from the previous 2020 CPR completed By SRK Consulting (Australasia") Pty Ltd. The deter deterministic sum of the un Risked 3U2 total gas prospective resources is 437.8 Bcf in the ERCE Report, which is a 294% increase from the previous 2020C completed by SRK Consulting (Australasia) Pty Ltd. These substantial increases are the result of more detailed interpretation of the additional 2D seismic data acquired across Tai in 2021, and the Company's improved understanding of the structural closure. The CPR will be available on the Company's website shortly. These results support the work completed by the Company's technical team and demonstrates technical competency in prospect maturation and identification. Tai remains the best-defined prospect within the Company's portfolio and highlights the opportunity to maximise the economic potential of helium in the Rukwa Basin. The current global demand for helium is 6.6 Bcf in a USD 7 billion market3. Aankondiging • Jan 16
Helium One Global Ltd, Annual General Meeting, Feb 15, 2023 Helium One Global Ltd, Annual General Meeting, Feb 15, 2023, at 15:00 Coordinated Universal Time. Location: Hill Dickinson LLP at 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW London . United Kingdom Agenda: Annual General Meeting. Aankondiging • Jan 04
Helium One Global Ltd Announces Project Update Helium One Global has been informed that the current operator of the Exalo drill rig in southern Africa has amended their contract with Exalo to allow for an extension of their operations for a period of up to twelve-months. Through the execution of a non-binding Memorandum of Understanding, announced on the November 22, the Company had understood that the Exalo rig was due to be mobilised to its Rukwa licence area in early 2023. The Company continued in good faith to negotiate detailed mobilisation and logistics arrangements until unexpectedly notified on the 2nd of January that contract terms between Exalo and the operator had changed. The Company is reviewing a number of alternative rig options for Phase II Tanzania drilling operations and will announce an updated timeline to drilling once new arrangements have been confirmed. Aankondiging • Dec 06
Helium One Global Announces the Completion of Analysis of Its Proprietary High Resolution Falcon Airborne Gravity Gradiometry ("Agg") and Aero-Magnetic Data over the Balangida Rift Basin Helium One Global announced the completion of analysis of its proprietary high resolution Falcon Airborne Gravity Gradiometry ("AGG") and aero-magnetic data over the Balangida Rift Basin ("Balangida"). This work will lead to further helium gas exploration target generation in Balangida widening the overall Company opportunity in Tanzania. Balangida Rift Basin has the presence of high-grade helium macro seeps enriched with other high-value noble gasses Recent field work sampling showing 6.2%-6.4% helium and 2.0% argon 3D Inversion study created detailed maps of depth to basement across the Balangida Rift BasinIncreased knowledge of depth to basement and sediment thickness Greater understanding of rift geometry, basin evolution and subsurface structure to aid exploration programme Developed advanced workflow integrating proprietary high-resolution Falcon AGG data with regional aero-magnetic, land-based gravity and radiometric data for improved calibration Technique will now be applied to data for the Eyasi Basin to enable the evaluation of prospectivity potential of both basins and plan further exploration. Helium One have partnered with leading global gravity and magnetic geophysical specialists Getech in completing a 3D inversion study ofhigh resolution Falcon AGG and aero-magnetic data over the Balangida Rift Basin, north-west Tanzania. The Balangida Rift Basin is the smallest of the Company's exploration projects, totaling 260km2 in a single prospecting licence. However, the basin is host to numerous high-grade, helium /nitrogen seeps, as well as indications of argon. Younger stratigraphy may contain salt deposits and there is potential for volcanic tuffs being deposited, improving potential for a well-developed top seal. Seep sampling undertaken by the Company in June /July 2022 identified numerous helium soil-in-gas anomalies. Macro-seep sampling identified high-grade helium (6.2% - 6.4% He) with a predominantly nitrogen carrier gas. Additionally, these results included elevated readings for argon (2.0% Ar), a high-value noble gas used in high-temperature industrial processes where ordinarily non-reactive substances become reactive. Global argon markets are expected to grow at 5.5% CAGR to 2030, offering potential to develop argon as a valuable by-product to any future helium discovery. The gravity-magnetic 3D inversion study has included the development of an advanced data analytical workflow, integrating proprietary high-resolution Falcon AGG data with regional aero-magnetic, land based gravity and radiometric data for improved model calibration. The completed study has generated a detailed series of maps, increasing knowledge of depth to basement and sediment thickness across the Balangida Rift Basin, and allowed greater understanding of rift geometry, basin evolution and subsurface structure to aid the development of ongoing exploration programme. Aankondiging • Nov 23
Helium One Global Provides Project Update Helium One Global provided a full project update, including an update on rig selection for the Company's Phase II drilling programme due to commence in first quarter of 2023. Selection of Exalo as preferred drilling contractor with MoU signed and final contract negotiation nearing completion. Target spud date remains first quarter of 2023. Exalo is a reputable drilling company providing onshore drilling rigs and associated services with a fleet of 35 land rigs. Rig to mobilise upon completion of current operation in southern Africa. Helium One will be utilising an active rig and crew directly from a drilling campaign in the region with no need for lengthy rig assessment process. The Rig can be broken down into 28 tonne loads, allowing rapid mobilisation. The Rig will be transported together with the Baker Hughesintegrated service package that is currently in use at the same location. Use of Exalo for Phase II drilling programme is not expected to materially increase costs relative to use of Epiroc Predator 220 rig. All Prospecting Licences renewed, demonstrating continued project support by the Government of Tanzania. Exalo Drilling (ORLEN Group) is a one of Europe's leading onshore drilling contractors with a fleet of 35 drilling rigs allowing for well drilling up to 8,000m of depth. Exalo Drilling is a global brand with branches in Pakistan, Tanzania, Kazakhstan, Czech Republic, Chad, and a subsidiary in Ukraine. The company has over 70 years' experience operating in countries throughout Europe, Africa, and Asia and are known internationally for the delivery of high-quality drilling and oilfield services. The Rig will be released from southern Africa on completion of current operations. Thereafter, and dependent on local ground conditions, the Rig will mobilise directly to operations in Rukwa. The Rig can be broken down into 28 tonne loads for ease of transportation, allowing for year-round transportation in a range of weather and road conditions. The Rig was Helium One's first choice during research following the 2021 drill campaign but had already been contracted for operations elsewhere. As the Rig is already engaged in drilling activities that exceed the total depth anticipated at Rukwa there is no requirement for an independent rig audit. The Baker Hughes integrated service package will be transported from the same location and at the same time as the Exalo 202 Rig, meaning that drilling operations will be able to begin as soon as the Rig is in place and accepted as ready to commence. Drilling will target the Tai prospect where Phase II 2D Seismic provided improved resolution over a robust structural closure at Karoo level, and also identified a newly defined closure in the Lake Beds which was not previously tested. With 2021 drilling providing detailed information on reservoir and seal, and the identification of subsurface helium on multiple horizons which proves a working helium system, the Company is confident that Tai prospect gives the best opportunity to make an economic discovery that unlocks the potential of the Rukwa helium province. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nigel Friend was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 11
Helium One Global Ltd Announces Completion of Rig Audit Helium One Global announced the successful completion of a third-party engineering audit on the operational capability of the Company's preferred drilling rig ("the Rig") for Phase II drilling programme at the Rukwa (100%) project area in Tanzania. Helium One has completed a third-party inspection conducted by ADC on the Epiroc Predator 220 Land Rig based in Kenya. The Predator drilling system was designed by Epiroc to meet the requirements of a flexible and mobile land rig capable of operating in remote basins. The Rig features a 100-ton mast and top drive and is powered by a Cat C-27 V12 diesel engine delivering 950HP, capable of drilling an 8.5" well to a depth of up to 2500m. The Rig is more than capable to fully test targets at Tai where closures have been identified above basement to a maximum depth of 1300m. The rig is mounted on a truck for improved mobility and ease of operation. Other components including mud system, substructure, and pipe skate are scaled for ease of logistics with a minimum number of truck movements required for mobilisation and inter-well moves. Transport from within the East Africa Region saves considerable logistical time and cost over bringing a similar rig from Europe or the USA. The completed audit required stripping, inspecting, and testing of all major rig components. This included top drive, iron roughneck, pipe skate, control panels, electrical systems, and hydraulic systems. Audit of the rig carrier including rig engine and engine management system, carrier hydraulics and substructure hydraulics. Audit of the mud system including mud pumps, tanks, high pressure, and low-pressure valve sets. Audit of critical systems including safety systems and inspection of all critical spare parts and consumables carried with the rig. At the end of the audit each individual system was tested under high pressure before the commencement of an eight-hour endurance test. All systems operated successfully together at pressure of 2,000 psi, simulating the effect of drilling at depth and pressures beyond that expected to be encountered at Rukwa. With completion of the rig audit and receipt of the final report from ADC, Helium One are now able to commence export proceedings to mobilise the rig out of Kenya. Export requires approval from Kenyan authorities but is compounded as all parties originally involved in the import of the drilling rig must also sign release papers. While there can be no guarantee given that required release letters will be forthcoming, Helium One management are engaging with all related parties with the intention to commence mobilisation of the rig as soon as practical. Thereafter commencement of Phase II drilling will be dependent on the arrival of Baker Hughes' integrated service equipment. Subject to contract, Baker Hughes who are world leaders in wireline evaluation, downhole gas sampling, and well completion cementing operations, are mobilising an integrated services package from operations in Southern Africa. Baker Hughes anticipates equipment to be released from current operations in December, which would allow drilling to commence early in 2023. Aankondiging • Sep 14
Helium One Global Ltd Provides an Update on Progress At Its Rukwa Project Area Helium One Global provided an update on progress at its Rukwa (100%) project area in Tanzania including details of its planned Phase II drilling campaign. Drilling services: The company have signed a LOI with Baker Hughes to provide drilling fluid, cementing, wireline evaluation and downhole gas sampling services on the company's Phase II drilling campaign. Integrated services are essential to successful operation and data collection from the planned drilling campaign and, due to scarcity of suitable tools globally, have become the long-lead items in planning a timeline to drilling. Baker Hughes have agreed with Helium One to offer equipment and tools that are presently being utilised by operators in Southern Africa. These will be mobilised at the end of their current operations, giving a targeted commencement date of January /February 2023 for Helium One's planned drilling campaign. Timeline to drilling commencing is contingent on contracting with Baker Hughes, the completion of operations and release of equipment from Southern Africa, as well as the successful completion of ADC audit, contracting, and export approval for the rig in Kenya. Waiting for the equipment has several benefits for Helium One: All the equipment for the three service lines can be mobilised from a single point, significantly reducing costs compared to gathering a set of tools from multiple locations around the world; Cost-to-Company is further reduced as Helium One can share demobilisation/mobilisation with the current operator, who contribute a portion of their demobilisation fee to the mobilisation of Baker Hughes equipment; and The equipment will be "warm", having been recently working, avoiding the many maintenance issues associating with equipment that has come from storage and avoiding downtime during operations. With the scarcity of available tools and equipment globally, Helium One believes that the proposal from Baker Hughes benefits the Company by presenting a low-cost solution to the difficult problem of delivering a full suite of services to the Rukwa Basin. Rig Audit: The company has re-commenced the ADC audit of the proposed drilling rig ("the Rig") which remains ongoing. During the process of running the audit ADC noticed irregularities in the operation of the Rig's CAT C-27 diesel engine. The engine was stripped and the issue traced to advanced wear on the engine's twelve fuel injector nozzles. Spare parts have been sourced and are in transit to Kenya. Once these parts have been installed, ADC will continue and complete the audit. While it is disappointing that rig related issues have delayed completion of the ADC Audit, Helium One is pleased that these issues are being identified in the rig yard, where they can be easily fixed, rather than in the field in Rukwa, where a delay would be considerably longer and more expensive. In this way the ADC audit is doing exactly what it is designed to do - identifying and resolving issues that save the Company both time and money in the long run. Licence Renewal: The company has submitted licence renewal applications over 14 of its 18 licences, which are due for second renewal during September and October 2022. As part of the renewal process, Helium One conducted a review of all the Company's licences held with a view to fully or partially relinquish licences that were not considered to be prospective for helium. The company technical team selected the chosen areas for relinquishment based on the following criteria: inaccessible offshore areas with no, or poorly, defined exploration leads; onshore areas with no, or poorly, defined exploration leads; and onshore areas on outcropping basement i.e. no sediment fill therefore deemed to be non-prospective Retained areas were selected based on the following criteria: existing prospective areas with 2D seismic data coverage; offshore areas with well-defined leads i.e. defined by multiple seismic interpreters, and supported by gravity - magnetic data; and onshore areas with well-defined leads and prospects in areas with known surface helium seeps. Aankondiging • May 24
Helium One Global Ltd Provides an Update on Progress at its Rukwa (100%) Project Area in Tanzania Helium One Global Ltd. plans to commence 2022 Phase II exploration drilling operations at the Tai prospect which is the most advanced of all leads and prospects identified in the 3,448km2 Rukwa basin. Management have been encouraged to select Tai as their primary target by new data taken from the Phase II 2D Seismic campaign acquired in November and December 2021 and processed in early 2022. This interpretation, which is now complete, has not only provided improved resolution over the Tai structural closure, but has also identified a newly defined closure in the Lake Beds which was not previously targeted. Drilling at Tai is supported by stratigraphic information from the 2021 drilling campaign. QEMSCAN analysis on cuttings has provided information on reservoir distribution, mineralogy, seal potential and grain size of the entire sedimentary sequence at Tai-1/-1A, indicating good to excellent quality reservoir. It also confirms the presence of a thick claystone unit at the top of the Karoo Group as well as the presence of intraformational claystone and calcrete interbeds within the Lake Bed Formation. The Tai prospect is further understood by the identification of multiple helium shows (helium identified in drilling mud) across all formations but which the Company was unable to log or test with wireline equipment. With a robust structural closure, detailed information on reservoir and seal, and the identification of subsurface helium which proves a working helium system, Tai is the lowest risk prospect in their current AOI of the Rukwa Basin for the Company to focus exploration expenditure with a primary objective of confirming a discovery in the 2022 campaign. The Company is in detailed discussions with both a rig operator and service companies with the objective of drilling the Tai prospect in Q3/Q4 2022, before the commencement of the rainy season. The Company has contacted an international drilling rig survey and inspection company to undertake a detailed audit of the proposed rig and its ancillary equipment on location in East Africa. Further details, including the scope of the drilling program, will be provided once the audit is complete and the contract has been signed. Helium One is committed to ongoing exploration across all three licensed basins. Detailed 2D Seismic from Phase I and Phase II campaign covers less than 10% of the Rukwa license, with much of the basin remaining unexplored. The Company is about to undertake a fieldwork programme in the Balangida Basin to ground truth helium seeps identified in recent multispectral satellite spectroscopy data. The Company is also in the process of purchasing high resolution airborne gravity gradiometery data across the Eyasi and Balangida basins with a view to continue its exploration focus with a maiden 2D seismic campaign targeted for Fourth Quarter 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nigel Friend was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 18
Helium One Global Ltd, Annual General Meeting, Mar 14, 2022 Helium One Global Ltd, Annual General Meeting, Mar 14, 2022, at 16:00 Coordinated Universal Time. Location: Hill Dickinson LLP office at 8th Floor, The Broadgate Tower, 20 Primrose Street, EC2A 2EW London (United Kingdom- United Kingdom Aankondiging • Feb 10
Helium One Global Announces the Results of Quantitative Evaluation of Minerals by Scanning Electron Microscopy Study on Drill Cuttings Collected from the Tai-1/-1A Wells At Its Rukwa (100%) Project Area Helium One Global announced the results of Quantitative Evaluation of Minerals by Scanning Electron Microscopy ("QEMSCAN") study on drill cuttings collected from the Tai-1/-1A wells at its Rukwa (100%) project area. A QEMSCAN study has been undertaken on drill cuttings collected from the Tai-1/-1A well drilled in the Rukwa Basin during Third Quarter 2021. The study provides detailed geological information, including grain size and mineralogy, on the entire stratigraphic section at Tai-1/-1A on a 5m sampling resolution. QEMSCAN results have indicated the presence of good to excellent quality reservoir within all three target horizons. This is typified by clean sands with low clay content, supporting potential for reservoirs with high porosity and permeability. QEMSCAN also provides critical information on the presence of potential sealing units within the stratigraphic sequence. Results include a 130m thick claystone unit at the Top Karoo Group, as well as up to 30m thick claystone unit identified at the base of the Lake Bed Formation. Drilling at Tai prioritised targeting the main Karoo closure and so was sub-optimal in testing any Lake Bed closures further up the sequence. Improved data on reservoir and seal distribution may allow the Company to consider targeting a Base Lake Bed closure in future exploration drilling. The data also demonstrated intraformational claystone units within the Lake Bed Formation and Lower Karoo Group which may allow the potential for stacked reservoir and seal units. Intraformational seals are likely to explain the multiple helium shows seen in the Karoo Group, as well as unexpected helium shows seen in the Upper Lake Bed Formation and Red Sandstone Group. Stratigraphic information gained from QEMSCAN analysis will assist in the ongoing interpretation of Phase II 2D Seismic, allowing the Company to correlate specific geological units at Tai to seismic character away from the wellbore and into the wider study area. Interpretation of depositional facies will allow the Company to better understand distribution of reservoir and seal within the Rukwa Basin helium system. Aankondiging • Feb 07
Helium One Global Announces the Commencement of an Electrical Resistivity Tomography Survey At Its Rukwa (100%) Project Area Helium One Global announced the commencement of an Electrical Resistivity Tomography ("ERT") survey at its Rukwa (100%) project area. The ERT survey is designed to identify resistivity anomalies within the ultra-shallow zone (<200m), allowing a better understanding of near surface geology which is poorly resolved by seismic. The survey is best run during the rainy season where saturated ground conditions allow better coupling of source and electrodes, providing improved resolution to depth. Data collected from the survey can be used to direct further study into areas that could be prospective for potential shallow gas accumulations. Near surface geophysical investigation also assists in correlating surface anomalies identified in recently acquired MSS studies with deeper lying structures identified in 2D seismic. Interpreted data can allow the Company to better understand helium charge and migration across the prospective area. Work has commenced with test lines satisfactorily completed over the Tai prospect. Processed data shows sufficient response to justify continuation of the ERT survey over other priority targets identified in Phase I and Phase II 2D seismic campaign, as well as near surface helium anomalies recently identified by multispectral satellite spectroscopy. Aankondiging • Jan 18
Helium One Global Ltd Announces Remote Sensing Identifies Multiple Additional Helium Anomalies Helium One Global announced the completion of a multispectral satellite spectroscopy study which has identified multiple additional surface helium anomalies at Rukwa, Eyasi and Balangida (100%) project areas. A multispectral satellite spectroscopy ("MSS") study was undertaken by remote sensing specialists DiRT Exploration, based in Cape Town. The study analysed spectral emissivity data to generate a heat map for helium signatures across the licence area. Spectroscopy data was calibrated using macro-seep compositional data from previously sampled seeps within the Rukwa, Eyasi and Balangida basins as well as the extensive Rukwa soil gas survey completed in 2016. Surface anomalies not only provide with valuable information about helium charge and migration pathways, but when combined with other datasets can also assist in the identification and prioritisation of drilling targets. Historically similar anomalies have been shown to be related to gases trapped in the subsurface and have been used globally as a pathfinder to rank prospects and focus further exploration efforts. Helium One are encouraged to have identified a robust helium anomaly across the Tai structure, where drilling last year identified good quality reservoir and seal units as well as indicators for subsurface helium at multiple levels. Several similar surface anomalies within the Phase II 2D seismic area will assist in the interpretation of charge and migration pathways and target prioritisation within the newly acquired dataset. Whilst the MSS data confirms to an extent what we already know about widespread charge within our licence areas, the Company has identified multiple additional anomalies within Rukwa, Eyasi and Balangida basins that will benefit from follow up examination using soil-in-gas analysis, ERT and 2D seismic geophysical investigations. These anomalies provide additional information on prospectivity across all three basin areas, however further ground truthing and interpretation is required to strip biotic and geomorphological signatures from the dataset and incorporate basin wide MSS data into work programme planning. Aankondiging • Aug 26
Helium One Global Ltd Announces Completion of Drill Campaign and Start of Phase 2 At Its 100% Owned Rukwa Project in Tanzania Helium One announced the completion of its 2021 exploration drilling campaign with significant new data to move rapidly to Phase 2 exploration work at its 100% owned Rukwa Project in Tanzania. Helium One has completed its 2021 exploration drilling campaign with the identification of a working helium system in the Rukwa Basin. Drilling has demonstrated seal, reservoir, and trapping geometries as well as identified a charge mechanism in the basin away from known surface seeps. The identification of a well-developed sealing claystone 130m thick at the top of the Karoo Formation demonstrates sufficient sealing capacity in the basin to support the trapping of helium gas within the untested reservoir formations beneath. Additional helium shows on multiple horizons, including beneath marginal sealing clays in the Red Sandstone Formation and shallow traps in the Lake Bed Formation, indicate potential for multiple prospective intervals within a productive system. Tai-2, which was completed without identifying helium gas, has provided valuable information on shallow trapping potential. The well targeted continuation of a 2.2% helium show identified in a sandstone interval at 70.5m in Tai-1: A high-grade gas show which potentially indicates free gas in the subsurface. Wireline logging of Tai-2 demonstrated continuous clay over this interval, suggesting that the reservoir in Tai-1 pinched out against clay, which provides both vertical and lateral seal. The new Shallow target traps offer an opportunity for a low-cost route to explore and develop a helium gas deposit. Current seismic data does not accurately resolve trapping styles at a shallow depth. Helium One is therefore reviewing several alternative low-cost geophysical techniques to test over known structures in the Tai area, before deployment over a wider area in the basin. Drilling of the shallow traps will be cheaper than testing deep targets and could potentially be conducted using a light-weight water-rig, or similar rig capable of producing a stable hole, possibly opening the option to conduct drilling operations over the wet-season. Tai-1 demonstrated good quality sealing units above reservoirs in the Top Karoo, a factor that was considered to be one of the high geological risks prior to drilling. Using existing infill 2D seismic data have been able to accurately map the continuity of this sealing unit across the Tai prospect, with the thickness and quality of the sealing unit predicted to increase towards the basin centre. Helium One have recognised a number of large structures identifiable on Falcon Gravity Gradiometry data as well as recent and legacy seismic data. These structures are onshore northern extensions of the Itumbula and Tai structures and have potential to demonstrate stacked targets at multiple levels of prospectivity. The areas require further infill seismic to improve resolution and continue mapping of Top-Karoo seal over these prospects. Helium One is investigating the potential to mobilise infill seismic before the wet season, leading to the design of a deep drilling programme in 2022 to test these targets with an appropriately sized drilling rig. Helium One remains well financed for the proposed exploration programme with a cash position of ten million pounds. By focussing on using various geophysical techniques to reduce geological risk and improve drill targeting, the Company remains committed to cost-effective exploration. Helium One plans for rapid deployment of Phase 2 exploration activities and is working to mobilise various geophysical investigations before the commencement of seasonal rains in November. Aankondiging • Aug 12
Helium One Global Ltd Completes Exploration Drilling at its Maiden Tai-1A Exploration Well in the Rukwa Basin Helium One Global Ltd. has completed exploration drilling at its maiden Tai-1A exploration well in the Rukwa Basin. The well has successfully identified helium shows within all three target formations, including five helium show intervals identified in the primary Karoo targets, as well as secondary targets in the Lake Bed and Red Sandstone Formations. The uppermost Karoo was marked by a thick (130m) claystone sequence, demonstrating seal presence which is supported by the seismic interpretation. Wireline logging of the uppermost Karoo indicates good reservoir potential with 15-20% porosities in thinly bedded sandstone units. It was not possible to log the main Karoo reservoir. Wireline logging operations commenced after reaching a total depth (TD) of 1121m. Unfortunately, borehole washouts, which are associated with these thinly interbedded sand-claystone sequences, have resulted in a series of ledges to develop in the wellbore. The wireline tools hung-up on these ledges and after several attempts to clean the hole, Helium One were unable to progress the tools beyond 880m. Wireline data was therefore only available over the uppermost helium show from 824-845m. This helium show was identified in thinly bedded (1-3m) sands within the upper Karoo claystone sequence, and above the better developed, thicker sandstone units of the Karoo Formation. Petrophysical analysis presented no clear indications of free gas within this helium show and anomalous helium in the drilling mud seems to be related to gas-cut-brine. Gas-cut-brine is considered to be formation water saturated with helium, but without helium having formed a separate gas phase. Without wireline data it is not possible to assess the helium gas-bearing potential of the deeper, thicker, reservoir intervals with demonstrated helium shows in the main Karoo Formation. As no free gas was identified, and due to safety concerns caused by the deteriorated hole conditions, no drill stem test was conducted and no samples of brine or gas have been recovered to surface. Whilst Helium One is disappointed not to have identified free gas within the Karoo Formation of Tai-1A, data acquired from this well enhances the understanding of the helium system in the Rukwa Basin. By encountering helium shows in the Lake Bed, Red Sandstone and Karoo Formations, combined with petrophysical analysis confirming the presence of a seal and demonstrating good reservoir potential, it is encouraged that it had identified a working helium system in the Rukwa Basin. Aankondiging • Jul 14
Helium One Global Ltd Announces Helium Gas Show Confirmed and Delay to Tai-1 Helium One announced a further helium gas show in drilling mud in the Red Sandstone Group and sidetrack from Tai-1 well following loss of the drill string at 561 meters. Highlights: Helium gas shows identified in stratigraphy above primary targets from 552 metres to 561 metres as measured by the on-line gas chromatograph. Gas show supported by indications of gas visually identified as bubbles in drilling mud returns at surface. Helium shows continued to 561 metres, at which point drilling operations were suspended due to parting of drill pipe in the midst of drilling the gas show. Mitchell Drilling has been unable to recover the lost drill pipe from the hole to date with subsequent delay to drilling operation resulting in the management decision to sidetrack drilling from above the lost pipe at 483 meters. Helium One has continued exploration drilling at Tai-1 well, with elevated helium levels encountered as connection gas. These transient peaks suggest the presence of helium saturated brine throughout the system with potential for free gas to form beneath sealing units. Drilling rates have been moderated to ensure consistency of mud composition in variable stratigraphy. At a depth of 552 metres, the Helium One mudlogging crew detected elevated helium in mud that constitutes a gas show. The gas show continued to increase over a thickness of 9 meters, at which point drilling was halted due to parted drill-pipe. The drill-pipe parted above a fatigued joint, with 12 stands and drill bit currently sitting on well bottom. The Red Sandstone Group sits above primary targets and was previously considered to be of low prospectivity due to a lack of effective sealing units. The gas show occurred beneath a thin claystone unit and demonstrates a working helium system, whereby gas shows may also be identified beneath even marginal sealing units. The gas show is supported visually by indications of increased levels of gas entrained as bubbles in return mud at surface. This offers circumstantial evidence of free gas in the subsurface, however have no direct evidence and the bubbles may have entered the return drilling mud from other sources. Free gas containing helium will need to be confirmed by direct measurement via wireline logging and testing before a discovery can be confirmed. With Mitchell Drilling unable to recover lost pipe down hole to date, Helium One has made the decision to sidetrack from above the lost pipe at 483 metres. Time spent in attempting to recover lost pipe, sidetracking operations and re-drilling from 483 meters will delay the completion of drilling at the Tai-1 well. Aankondiging • Jun 15
Helium One Announces the Commencement of Its Exploration Drilling Programme At the Rukwa Project (100%) in Tanzania Helium One announced the commencement of its exploration drilling programme at the Rukwa Project (100%) in Tanzania. Helium One commenced exploration drilling at its Rukwa Project in Tanzania on June 12, 2021. Rukwa is a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market. SRK Consulting have reported a 'Best Estimate' Un-risked prospective recoverable helium resource of 138 Bcf (2U/P50), with helium measured in surface seeps at up to 10.6% He. Drilling has commenced at the Tai prospect, a faulted three-way dip closure concurrent with a gravity high which was upgraded from 'low priority' to 'must drill' by the recent 200 line kilometre infill 2D seismic campaign. The prospect has been chosen as first well because of the presence of stacked targets within a well-defined structural closure. By focussing on stacked closures in first exploration well, Helium One hopes to identify multiple zones with the higher quality seal potential to assist in the planning of subsequent wells. Helium One's maiden drilling campaign is the culmination of many years of study, growing from early work conducted with the University of Oxford Noble Gas Group to encompass data sets from Airborne Gravity Gradiometry, Macro-Seep sampling and analyses, soil gas surveys, satellite mapping and recent additional infill 2D seismic. The Company plans a three well programme targeting shallow structures in close proximity to the Itumbula Helium Seeps. Each well is planned to test a different trapping style, therefore providing information essential in de-risking portfolio of prospects across the basin. Drilling of the first well is expected to take approximately one month to complete and will produce valuable information about the subsurface. Helium detection will be constantly monitored during drilling to identify helium gas shows from mud logging. On completion, wireline logs will be run to measure formation properties downhole, as well as identifying any pay zones in the success case. Any discovery will be tested with a drill stem test to attempt to flow a sample of gas to surface for grade analysis. Aankondiging • Feb 19
Helium One Global Ltd Announces Commencement of Seismic Campaign Helium One Global Ltd. announced the commencement of its infill seismic campaign with mobilisation of survey and line-clearing crews to its Rukwa project (100%) in Tanzania. The seismic campaign consists of approximately 150km of infill seismic acquisition targeting shallow trap structures identified from the interpretation of historic seismic and recent gravity gradient data. The infill seismic data will provide improved resolution on identified trap structures and assist in placing of drill collars for exploration drilling. The seismic campaign is fully permitted and benefits from community and governmental support. Line surveying and line clearing crews, which mobilised will employ over 30 people in multiple crews to locate and clear lines for data acquisition. The process, which may take up to a month to complete, will clear vegetation for the laying of seismic geophone nodes as well as providing access for vibroseis-trucks and support vehicles during data acquisition. Aankondiging • Jan 21
Helium One Global Commences Work to Mobilize Surface Geochemical Exploration at the Eyasi Project (Helium One 100%) in Southern Tanzania Helium One Global announced that work has commenced to mobilise surface geochemical exploration at the Eyasi Project (Helium One 100%) in southern Tanzania. Helium One is preparing to commence surface exploration work at the 804km2 Eyasi Project. The Eyasi Project, situated 600km to the north of the Rukwa Project, has demonstrated helium gas concentrations as well as ideal geology for source, reservoir, trap and seal. The project is not as advanced in its exploration as the Rukwa Project, however high-grade helium has been measured at surface and structural leads have been identified from published FALCON Airborne Gravity Gradiometry (AGG) data. The Eyasi Basin is thought to be analogous to Rukwa Rift Basin with half-graben style traps expected to occur. Surface exploration will focus on geochemical sampling of potential macro and micro seep locations using a MiniRUEDI portable mass spectrometer to return on-site helium gas measurements from samples in the field. The instrument can be used to determine gas compositions for a suite of compounds including helium, carbon, nitrogen, oxygen, argon and methane. Helium One's geologists have used a combination ASTER multispectral imagery, SRTM digital elevation modelling and geological mapping to identify thermal anomalies, potentially associated with warm-water springs, in the vicinity of several identified helium leads. Eyasi contains mapped hot springs at the north-eastern end of the project area with historical samples showing nitrogen rich gas with 4.25% - 5.7% helium. Current fieldwork will focus on evaluating the historic seep locations as well as identifying potential new seep locations at the southern end of the project area. The presence of surface helium seeps is a key geochemical fairway indicator for sub-surface helium accumulations. The discovery of the Rukwa Project was initially based on surface seeps sampled at 4.2% helium by Dr. T.C. James during the 1950s. These surface helium concentrations were confirmed and upgraded by a joint study with Oxford University in 2016 which measured macro-seep gas composition of up to 10.5% helium at Rukwa and 10.8% helium at Balangida, Helium One's third project area. Follow up studies on micro-seeps at Rukwa have identified anomalous helium in soil gas at a number of locations across the project, indicating sub-surface helium migration across the basin. Preparation for fieldwork has already begun with on the ground activity expected to commence late next week once all pre-mobilisation checks have been completed. Aankondiging • Jan 12
Helium One Global Ltd Announces Updates At Rukwa Project Helium One announced the advancement of its aggressive exploration programme at the Company's Rukwa Project in southern Tanzania with submission of key environmental studies. Rukwa Drilling Update: On 11th January Helium One submitted an Environmental and Social Impact Assessment (ESIA) for its proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government. Helium One commenced Environmental and Social Impact Assessment activities in August 2020 to ensure the Company exceed minimum requirements of NEMC. The ESIA is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One's maiden exploration drilling in second quarter of 2021. The study covers a project area of 310km square in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015) and includes environmental and social baseline studies, impact assessments and mitigation measures. Drilling at Rukwa will follow processing of data from an infill seismic campaign over shallow structures identified within the 310km square drilling area. While the project benefits from over 1,000 kilometres of historic seismic data, additional infill seismic over high priority targets will allow better delineation of trap structures ahead of drilling. The seismic survey is fully permitted and, dependent on favourable ground conditions, is due to commence as the rainy season subsides in mid-first quarter of 2021. Helium One would like to acknowledge the support of Songwe Region officials including the Regional Administrative Secretary (RAS), the Songwe Regional Office - Health and Environment Departments and the Momba District Council in completion of the ESIA study. Furthermore, Helium One would like to thank the Village Government Councils in Kamsamba, Mkonko, Usoche, Mpapa, Masanyita, Kasanu, Lwate, Samang'ombe and Itumbula villages, District Commissioner (DC) and District Executive Director (DED) for their continued support of the project. 
