Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors drilling was back underway in Tanzania after a rig repair, with the Tai-3 well programme resuming progress down to its planned depth of 1,100 metres.
Drilling resumed at 14:00 BST on Sunday 15 October, the company confirmed.
“We remain resilient and continue to proactively address any hurdles we encounter,” chief executive Lorna Blaisse said in a statement.
“The wider Helium One team, both at the rig site and elsewhere, have pushed exceptionally hard over the past week to troubleshoot the issue, source a replacement part from the USA, reinstall and repair the rig and I am pleased that we are now back on track in an extremely short period of time.”
Meanwhile, civil works are ongoing to prepare the well pad for the company’s next well, Itumbula-C, which is expected to be completed before the onset of the wet season.
Blaisse added: “We very much look forward to drilling ahead into our target reservoirs at Tai-3 over the coming days and to evaluate the well, prior to rigging down and moving the rig to our next location at Itumbula." Proactive