Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, provides an update on the Company's southern Rukwa Helium Project.
Commencement of Electrical Submersible Pump ("ESP") Testing at ITW-1
Following the completion of wireline logging and the full mobilisation of equipment and personnel to site, the Company is pleased to announce that the ESP testing phase has commenced at the ITW-1 well.
All downhole tools and surface control equipment has now undergone the required checks and verification procedures prior to deployment. The ESP assembly is running in hole and will be positioned to allow further evaluation of the fractured Basement and Karoo intervals, through increased flow rates and enhanced helium production from these deeper geological zones.
Once the ESP is set at the designated depth and the tubing hanger has been successfully tested, a final function test will be carried out before the well is opened and the pump activated. It is anticipated that this testing phase will take two to three weeks to complete.
The Company will provide further updates as operations progress.