Helium One Global Limited (GB:HE1) has released an update.
Helium One Global has initiated Phase III operations at the Itumbula West-1 well in Tanzania, with drilling operations underway and extended well testing on the horizon. The company has already observed promising signs of helium and hydrogen following a successful drill stem test earlier in the year, and is now preparing to evaluate two key intervals for potential future production. The entire process is expected to take about five weeks, and the results will contribute to a broader feasibility study.
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