Noble Helium targets August spud in Tanzania

Noble Helium chief exploration officer and co-founder Justyn Wood talked with Proactive about the company’s upcoming helium drilling campaign in Tanzania, including refinements made following seismic reprocessing and gravity anomaly analysis. Wood said the latest technical work had helped Noble Helium further de-risk the campaign at North Rukwa, with two optimised firm well locations now identified ahead of an expected August spud. The campaign is expected to test multiple objectives, including demonstrating helium in gas phase, collecting the data needed to support a bookable contingent resource, confirming whether helium concentrations increase with depth, and helping unlock the broader North Rukwa portfolio. Wood said the first well is designed to test the shallower part of the structure, while the second well is expected to target deeper formations. He noted that the company is preparing for the possibility of encountering multiple gas lenses during drilling. He also discu...