News Oil & Gas

Helium One starts testing ESP at Itumbula well

Helium One Global Ltd has started testing the electrical submersible pump in the Itumbula West-1 well at the southern Rukwa project in southwest Tanzania. ACTIVATED The project has progressed from exploration during 2023-2024 and an extended well test to the current appraisal and development phase. “The ESP assembly is running in hole and will be […]

News Oil & Gas

Helium One on track to drill ITW-1 at Rukwa

Helium One Global Ltd has agreed the purchase of an electrical submersible pump and associated equipment to drill the Itumbula West-1 well in the southern Rukwa Basin, Tanzania. FLOW RATES The vendor is Cener Tech Group, part of the Chinese National Offshore Company (CNOOC). Helium One said that site civils work had started for water […]

Finance News Oil & Gas

Helium One agrees £10m for Galactica-Rukwa

Helium One Global Ltd has agreed a conditional £10 million investment for its projects in Colorado, USA and the southern Rukwa Basin in Tanzania. ITUMBULA Marex Financial arranged the financing involving three institutional investors who may convert the advance into ordinary Helium One shares at any time. Helium One will repay any outstanding amount of […]

News Oil & Gas

Helium One encounters ‘higher’ shows in ITW-1

Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]

News Oil & Gas

Helium One re-enters Itumbula West-1

Helium One Global Ltd has started drilling the Itumbula West-1 (ITW-1) well before a planned extended well test on the Rukwa licence, Tanzania. FEASIBILITY STUDY On 26 July, operations began to test two intervals of the fractured Basement and faulted Karoo sections. The company said it had drilled out the 9⅝” shoe track and was […]