Helium One Global Ld - Appointment of New Chairman & Board Changes

Helium One Global

01/08/2023 07:00

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RNS Number : 8151H  Helium One Global Ltd  01 August 2023

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

01 August 2023

Helium One Global Ltd

("Helium One" or "the Company")

 

Appointment of New Chairman / Board Changes

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today
announces that Ian Stalker (72) has decided to step down from his position as
Non-Executive Chairman after five years in the post to reduce the number of
his non-executive roles. James Smith, currently Non-Executive Director of
Helium One, is to be appointed as Chairman with immediate effect.

James is an experienced Director with over 35 years of experience in the
natural resources sector.  He has extensive expertise in the oil and gas
industry having held a number of senior positions at Chevron Corporation,
PanOcean Energy and also VP Exploration at Tanzanian focussed Orca
Exploration. James has been a member of the Board of Helium One since listing
in December 2020.

During Ian's tenure as Chairman, he has overseen a period of significant
achievement, from the Company's successful listing on AIM to the maiden
drilling programme at Rukwa, as well as guiding the Company ahead of their
second drilling campaign in Rukwa in September.

Ian Stalker, current Chairman of Helium One, commented:

"Whilst there is never a good time to step down as Chairman, I do so in the
knowledge that the Company in in excellent health.  To say that this is an
exciting time for the Company is an understatement, we have an exceptional
team in place to successfully deliver our forthcoming programme at Rukwa and
proving up the potential that we believe is inherent at Tai-C.

I would also like to take this opportunity to say what a pleasure it has been
to work with the Helium One team over the past few years, and I wish Lorna and
the team the very best on making a commercial discovery and look forward to
following their progress in the coming months."

James Smith current Non-Executive of Helium One, commented:

"I would firstly like to thank Ian for his invaluable contribution at Helium
One; he leaves the Company in very sound health at what could be a
transformational time as we embark upon our next drilling campaign.  I am
delighted to be asked to be Chairman and look forward to continuing to build
on Ian's legacy and working with the team, utilising my specific oil and gas
expertise as we look to become a strategic player in contributing towards the
supply of Helium at a time when the market demand is so high."

 

 

For further information please visit the Company's website: www.helium-one.com
(http://www.helium-one.com)

Contact

 Helium One Global Ltd                                         +44 20 7920 3150

 Lorna Blaisse, CEO

 Liberum Capital Limited (Nominated Adviser and Joint Broker)  +44 20 3100 2000

 Scott Mathieson

 Ed Thomas

 Nikhil Varghese

 Peterhouse Capital Limited (Joint Broker)                     +44 20 7220 9792

 Lucy Williams

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian - Neal

 

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting
licences totalling more than 2,964km(2) across three distinct project areas,
with the potential to become a strategic player in resolving a
supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the
margin of the Tanzanian Craton in the north and southwest of the country. The
assets lie near surface seeps with helium concentrations ranging up to 10.6%
He by volume. All Helium One's licences are held on a 100% equity basis and
are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin
covering 1,900km(2) in south-west Tanzania.  The project is considered to be
an advanced exploration project with leads and prospects defined by a
subsurface database including multispectral satellite spectroscopy, airborne
gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project
has been de-risked by the 2021 drilling campaign, which identified reservoir
and seal with multiple prospective intervals from basin to near surface within
a working helium system.

Helium One is listed on the AIM market of the London Stock Exchange with the
ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

 

 

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