Helium One’s future looks even brighter with the recent £2.55m ($3.20m) investment from Solo Oil plc.
In 2016, Helium One Ltd emerged from accidental discovery when Tanzania resident Josh Bluett, now Technical Director of Helium One, discovered that the helium concentrations in Tanzania were among the highest he had seen.
With concerns evolving over a gradually depleting helium reserve and simultaneous demand growth, this breakthrough was one of the most welcomed new developments in the global helium business.
Since identifying the countries potential, the young company has put together an experinced Board of Directors including the founders of Ophir Energy Plc, the company that began the offshore East Africa natural gas boom, and now also holds 23 Helium Prospecting Licences in Tanzania, including licences over the Rukwa Project with a most likely unrisked prospective recoverable helium volume of 98.9 bcf (as reported by NSAI).
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