UK's Helium One Global soars as drilling to start at key Tanzania project

Helium One Global

10/07/2023 08:56

** Shares of Helium One Global Ltd  HE1H.L  surge as much as
44.5% to 7.37p, their highest since June 8
    ** The producer of low-carbon helium, a critical material
essential in many modern technologies, says drilling at its
primary helium project in Tanzania on track to start in Q3
following acquisition of Epiroc Predator 220 rig 
    ** Co says rig currently being transported to site and it
will now focus on securing experienced crew ahead of drilling
operations at Tai Prospect in Rukwa Basin
    ** "Investors will be impressed with speed of which
management has secured an alternative drilling rig ahead of its
Q3 targeted spud date in Tanzania" - Liberum
    ** Stock set to post best day since Dec. 8, 2020, if trend
holds 
    ** Stock currently up 39.2%, taking YTD gains to 1.4%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))