Helium One Global Ltd Board Restructure (2890I)

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RNS Number : 2890I

Helium One Global Ltd

04 August 2023

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

Helium One Global Ltd

("Helium One" or "the Company")

Board Restructure

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today announces certain changes to the Board of Directors. Robin Birchall has decided to step down from his position as Non-Executive Director, with immediate effect to focus on other commitments. Russel Swarts, currently Finance Director, will also step down from his executive role with immediate effect, but will remain a Non-Executive Director of the Company.

The Company is pleased to announce the appointment of Graham Jacobs as Financial and Commercial Director with immediate effect and, subject to the customary due diligence, it is intended that Graham will join the Board of Directors in due course.

Graham has been working very closely with Lorna Blaisse and the Helium One team since January 2022 on commercial and contracting matters and was instrumental in the recent acquisition of the Company's drilling rig. Graham is an experienced financial and commercial executive with over 30 years of experience in the natural resources sector. He has extensive expertise in the oil and gas industry having held a number of senior positions at Dragon Oil plc, PanOcean Energy, Addax Energy and Oryx Petroleum, and was also Head of Commercial at Tanzanian focussed Orca Energy.

James Smith, Chairman of Helium One, commented:

"I would like to thank Robin for his time and commitment to his role at Helium One over the last three years and wish him every success in his future endeavours. I would also like to thank Russel for his valuable contribution in the Finance Director role and I am delighted that he has agreed to remain on the Board as a Non-Executive Director.

"I am also very pleased that Graham has agreed to join the team on a permanent basis in the role of Financial and Commercial Director. He is well known to the team and in the past year has contributed significantly to the Company's ongoing operational activities. I have no doubt he will be hugely valuable member of the team during the Company's next phase of its development as well as in the lead up to the spudding of Tai-C in September."

For further information please visit the Company's website: www.helium-one.com

Contact

 
 Helium One Global Ltd                         [phone] 
  Lorna Blaisse, CEO                            3150 
 
 Liberum Capital Limited (Nominated Adviser 
  and Joint Broker) 
  Scott Mathieson 
  Ed Thomas                                    [phone] 
  Nikhil Varghese                               2000 
 
 Peterhouse Capital Limited (Joint Broker)     [phone] 
  Lucy Williams                                 9792 
 
 Tavistock (Financial PR) 
  Nick Elwes                                   [phone] 
  Tara Vivian - Neal                            3150 
 

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,964km(2) across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, 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 licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km(2) in south-west 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 reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

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August 04, 2023 02:00 ET (06:00 GMT)