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Noble Helium CEO Justyn Wood on Positive Progress at Tanzanian p

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Published 03-NOV-2023 15:41 P.M.

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The CEO of our helium Investment, Noble Helium (ASX: NHE), Justyn Wood, gave a positive update on the progress of the company’s current drilling program in Tanzania today.

There was some choppy trading after the company released an update and subsequent clarification yesterday.

Catch the full video interview by clicking on the image below:

NHE

Key takeaways:

  • NHE has run initial wireline logs
  • Helium in mudgas
  • Every reservoir has helium in it
  • Aim is to collecting samples to bring to surface
  • With ultimate goal of declaring a discovery
  • A “couple” days to complete downhole information collection
  • News release early next week
  • 7-10 days to move rig to Mbelele-2 and appraise the section being tested at Mbelele-1
  • CEO Justyn Wood says results are “extremely positive” so far

To catch up on NHE read the note below:

Read our latest NHE note

What’s next for NHE?

Drill results 🔄

We are hoping for a discovery to be declared.