Will Helium One Rocket on its debut?
“…there has been a dramatic increase in the share prices of our listed peer groups but they have much smaller resources than us. The Helium space is a very hot market…”
Helium is in critical supply as its use spans from MRI scanners, superconductors and the space age in the form of pressure purging. Think Space X and NASA. But here on terra firma, Helium One has found a supply in the Rukwa project located in south western Tanzania.
The find is globally significant because Rukwa hosts independently verified Best-Estimate Unrisked Prospective Recoverable Helium Resource of 138 Bcf, making this the largest known primary helium resource in the world.
Helium One holds 15 Prospecting Licences covering an area of approximately 3,590 km2 with well-drilling planned for the first or second quarter.
The company is now on track for a December 2020 listing on AIM after a merger with Attis Oil and Gas.
Listen to chief executive David Minchin tell Sarah Lowther about why helium is such a significant resource, how investors can become involved with the early stage enterprise and what the benefits of a shareholding are.
Watch David speak to ProactiveInvestor UK’s Katie Pilbeam about plans to list on AIM and the unveiling of the partnership with Attis Oil and Gas.
The author was remunerated but does not hold shares in the company