HomeInvestmentHelium One kicks off Part 2 seismic in Tanzania Investing.com

Helium One kicks off Part 2 seismic in Tanzania Investing.com

© Reuters

Samuel Indyk

Investing.com – Helium One (LON 🙂 has introduced the launch of its 2D seismic marketing campaign as a part of its Part 2 exploration program at its Rukwa mission in Tanzania.

The seismic marketing campaign will consist of roughly 200 linear kilometers of 2D seismic focusing on the northern extensions of identified structural maxima that act as a helium cost supply.

The corporate has confirmed that it’s working with AGS on the mission following the profitable completion of its Part I seismic backfill marketing campaign within the first quarter of 2021.

The work might be accelerated forward of the onset of rains in Tanzania, which may limit entry, following in depth collaboration between authorities departments, native communities and Helium One.

“We’re delighted to launch a 2D seismic marketing campaign as a part of the Rukwa Part 2 exploration, mobilizing 2D seismic information over the northern extensions of the Tai and Itumbul structural traits,” mentioned David Minchin, CEO of Helium One. “Working this marketing campaign within the Rukwa Basin has been difficult as we began working to acquire permits, individuals and tools forward of the wet season.”

New Board appointments

Individually, the corporate introduced the appointment of a brand new chief working officer and chief monetary officer. Colin Ivory will serve on the board of administrators as COO and Chris Eyre might be named CFO.

“The appointment of Colin and Chris will carry important expertise to our operational group within the nation, and their data and management will allow us to additional speed up the event of the Helium One exploration portfolio as we transfer in direction of drilling Part 2 in 2022,” Minchin mentioned. added.

Helium One traded 6.9% larger at 09:45 Moscow time at 7.50p per share.

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