There’s been some very high highs and very low lows for pure helium explorer Helium One
“…we needed to get drilling again. We have lots of options for 2024…”
Last year was definitely a year of two halves for Helium One’s new chief executive Lorna Blaisse. There was the euphoria of identifying and buying a rig outright, and then there was mechanical complications in November followed by an end of year discounted fundraise.
Both were frustrations for the board and long term shareholders alike, but Blaisse had not deviated from her strategy to secure a rig and create a two well campaign for the pure helium explorer.
Helium One is one of the world’s very few pure or ‘premium’ helium explorers. Other explorers in the region are hybrid explorers dabbling in a smorgasbord of oil, gas condensate and helium.
Blaisse and the board has a singular focus to liberate the helium in the Rukwa Basin and find out what is literally going on in the basement. It found helium at the Tai-3 prospect. Mechanical failure prevented further exploration at that location but the rig was capable of drilling at Itumbula and that well was spudded at the start of 2024.
Read the Nov. 2023 released Annual Report
For regular video updates on Helium One follow on @Heliumone1
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Helium One : One of the 20 Mining Companies to follow for 2024 selected by @TMSreach
The author was remunerated but does not hold shares in the company
