Helium One Announces Promising Helium Discovery

Helium One Global Limited (GB:HE1) has released an update.

Helium One Global Ltd. has reported a successful helium discovery at its Itumbula West-1 well in Tanzania, with sustained helium flows of up to 6.7% concentration. The company completed extended well test operations with promising results, including high flow rates that could be further increased with artificial lift during the development phase, indicating positive project economics. These developments position Helium One Global as a potentially significant player in the global helium market.

For further insights into GB:HE1 stock, check out TipRanks’ Stock Analysis page.