Helium One Global Ld (AIM:HE1) Operational Update – Appointment of Drill Crew

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to provide an update on progress at its Rukwa (100% Operated) project area ahead of its Phase II drilling programme.

Highlights

·    Fully appointed experienced drill crew

·    Rig now on Tai-C wellsite and approximately 90% “rigged up”

·    Camp mobilisation and preparation in process

·    Awaiting the remaining long-lead items for delivery, which are currently on schedule

·    On track for spud of Tai-C in the second half of September

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.

Lorna Blaisse, Chief Executive Officer, commented:

“We are delighted with the continued progress that we have achieved in the lead up to spud.  We now have an experienced crew in place to carry out our 24-hour drilling programme, the rig is almost completely rigged up at site and the last few long lead items will arrive shortly. We also recognise the contribution made by Zenith in assembling an experienced, first-class crew to drill this well. This is an incredibly exciting time for the Company as we approach the spud of Tai-C in the second half of September. The team has worked very hard to get us to this point and we look forward to the last few items required to fall into place.”

For further information please visit the Company’s website: www.helium-one.com    

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