Helium One Global Ld - Board Restructure

Helium One Global

04/08/2023 07:00

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RNS Number : 2890I  Helium One Global Ltd  04 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.

 

 

 Helium One Global Ltd

("Helium One" or "the Company")

 

Board Restructure

 

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today
announces certain changes to the Board of Directors.  Robin Birchall has
decided to step down from his position as Non-Executive Director, with
immediate effect to focus on other commitments. Russel Swarts, currently
Finance Director, will also step down from his executive role with immediate
effect, but will remain a Non-Executive Director of the Company.

The Company is pleased to announce the appointment of Graham Jacobs as
Financial and Commercial Director with immediate effect and, subject to the
customary due diligence, it is intended that Graham will join the Board of
Directors in due course.

Graham has been working very closely with Lorna Blaisse and the Helium One
team since January 2022 on commercial and contracting matters and was
instrumental in the recent acquisition of the Company's drilling rig.  Graham
is an experienced financial and commercial executive with over 30 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 Dragon
Oil plc, PanOcean Energy, Addax Energy and Oryx Petroleum, and was also Head
of Commercial at Tanzanian focussed Orca Energy.

James Smith, Chairman of Helium One, commented:

"I would like to thank Robin for his time and commitment to his role at Helium
One over the last three years and wish him every success in his future
endeavours.  I would also like to thank Russel for his valuable contribution
in the Finance Director role and I am delighted that he has agreed to remain
on the Board as a Non-Executive Director.

"I am also very pleased that Graham has agreed to join the team on a permanent
basis in the role of Financial and Commercial Director.  He is well known to
the team and in the past year has contributed significantly to the Company's
ongoing operational activities. I have no doubt he will be hugely valuable
member of the team during the Company's next phase of its development as well
as in the lead up to the spudding of Tai-C in September."

 

 

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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