– UK, London – Helium One Global (LON: HE1 | OTC: HLOGF), the primary helium explorer in Tanzania today announced the appointment of current Non-Executive Director, James Smith as the new Chairman of the Board of Directors with immediate effect, succeeding Ian Stalker who is stepping down as Non-Executive Chairman.
About James Smith
James Smith is an experienced Director with over 35 years of experience in the natural resources sector. He has extensive expertise in the oil and gas industry having held several senior positions at Chevron Corporation, PanOcean Energy, and also VP Exploration at Tanzanian focussed Orca Exploration. James has been a member of the Board of Helium One since listing in December 2020.
James Smith said: “I would firstly like to thank Ian for his invaluable contribution at Helium One; he leaves the Company in very sound health at what could be a transformational time as we embark upon our next drilling campaign. I am delighted to be asked to be Chairman and look forward to continuing to build on Ian’s legacy and working with the team, utilizing my specific oil and gas expertise as we look to become a strategic player in contributing towards the supply of Helium at a time when the market demand is so high.”
About Helium One Global
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licenses totaling more than 2,964km2 across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The Rukwa, Babangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume. All Helium One’s licenses are held on a 100% equity basis and are near the required infrastructure.
The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900 km2 in southwest Tanzania. The project is considered to be an advanced exploration project with leads and prospects defined by a subsurface database including multispectral satellite spectroscopy, airborne gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project has been de-risked by the 2021 drilling campaign, which identified the reservoir and seal with multiple prospective intervals from basin to near-surface within a working helium system.
Source: https://www.helium-one.com/
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