Farmout process starts - interest received

Our helium Investment, Noble Helium (ASX:NHE), said it is kicking off its farmout process yesterday.

NHE Managing Director Justyn Wood said the company had already received interest even with, ‘limited promotion of the farmout opportunity.’

NHE does not expect to conclude discussions on farmout until the results from the upcoming 3D seismic campaign are received.

We think this makes sense, as that 3D seismic campaign will give NHE a much better look at the targets it's working with.

And a farmout could prove valuable here as NHE looks to fund the 2023 drill program which is due to take place during the dry season in Tanzania.

Justyn Wood will be presenting at 2.45pm, Wednesday 7 September (tomorrow) at the RIU Good Oil and Gas Energy Conference in Perth.