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Noble Helium announces farmout process to fund wells

You are here: Home / Industry Feed / Noble Helium announces farmout process to fund wells

September 6, 2022 by realisma

The company has revealed that it is currently in discussions with companies which are expected to conclude upon receival of results from the upcoming Rukwa 3D seismic survey. 

According to Noble Helium, the North Rukwa Helium Project contains an independently certified unrisked summed Pmean Helium Prospective Resource of 176bcf (billion cubic feet) – equivalent to 30 years’ global supply. 

“The results of the exploration programme this year have underpinned our confidence in the North Rukwa as a helium system that might just change the game,” commented Justyn Wood, Managing Director, Noble Helium. 

Encouraged by the interest shown, Wood added that the company will update the market as ‘discussions unfold’. 

Designed to focus in on the two most prospective leads in the Rukwa Basin, the exploration programmes will target these areas in the dry season of 2023.

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