Helium one global news

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Helium One Global Ltd reported earnings results for the half year ended December 31, For the half year, the company reported sales was USD 0. Net loss was USD 1. Basic loss per share from continuing operations was USD 0. Diluted loss per share from continuing operations was USD 0. Add to a list Add to a list. To use this feature you must be a member.

Helium one global news

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We could not find any results for: Make sure your spelling is correct or try broadening your search. It looks like you aren't logged in. Click the button below to log in and view your recent history. Already a member? Sign in. More Brokers. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation EU No.

Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania, where testing confirmed significant helium concentrations up to 4. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally. Unlike many projects that produce helium as a byproduct of hydrocarbon extraction, Helium One's project is unique for its pure helium, nitrogen, and now hydrogen mix, without any methane or carbon dioxide, making it exceptionally promising for industrial and technological applications. The CEO highlighted the strategic adjustments made in drilling locations to target fault zones rich in helium, a move that has paid off by tapping into high-quality reserves. Additionally, the project revealed a surprising 2. This hydrogen discovery, significantly above background levels, fits the geological model and adds another layer of commercial potential, especially considering the global demand for hydrogen as a clean energy source. View source version on newsdirect. Dow 30 39,

Helium one global news

Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator drilling rig, which it said had been successfully mobilised to the Rukwa site. The AIM-traded firm said the start of the second drilling campaign in the third quarter proceeded as scheduled. Notably, the drilling of the Tai-3 well was completed, reaching a total depth of 1, metres measured depth, providing valuable data for understanding the region and identifying the follow-on Itumbula prospect.

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Helium One Global Ltd. What are you searching for? Whilst progressing the subsurface work, to better understand the resource estimates in a fractured Basement and fault play, we are planning the next phase of operations. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. His work includes reporting for the UK editorial team and video editing for the broadcast team. Mining Small cap mining in Recovery or bust? Diluted loss per share from continuing operations was USD 0. Mining 8, Africa Oil is a full-cycle upstream oil and gas company with producing assets 07 Mar. Share this article:. 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. Josh White Sharecast News. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Novo Nordisk obesity pill beats Wegovy in trial 07 Mar.

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The Company looks forward to making further updates in due course. The company now intends to carry out a more extensive and detailed extended well test EWT on the same well in the third quarter of Group VAT registration number The Company-owned Epiroc Predator drilling rig is currently hot stacked at the Itumbula West-1 wellsite. Light Science Technologies well placed to take advantage of growth opportunities in the agriculture sector 07 Mar. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this communication. It looks like you are not logged in. This website uses cookies so that we can provide you with the best user experience possible. Proactive will on occasion use automation and software tools, including generative AI. Notably, the drilling of the Tai-3 well was completed, reaching a total depth of 1, metres measured depth, providing valuable data for understanding the region and identifying the follow-on Itumbula prospect. Opinions of and commentary by the authors reflect their current views, but not necessarily of the Company, its affiliates or any other third party. Sign up to receive alerts and news direct to your inbox.