Helium One Global Ltd and Noble Helium have agreed to co-operate to secure a suitable drilling rig, associated services and arrange logistics for its proposed drilling campaign at Rukwa in Tanzania.
DRILLING CAMPAIGN
In January, the company had to review alternative rig options after the expected rig became unavailable for Phase II drilling operations.
The agreement with the Australian company is not expected to affect the proposed drilling timeline, added Helium One.
SHARE OPTIONS
The company added that, following completion of due diligence, it had now appointed Lorna Blaisse as an executive director with immediate effect.
The board will issue to Ms Blaisse 5,000,000 share options which will vest in three equal tranches over the next three years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February 2023.
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