Appointment of New Chairman & Board Changes
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.
01 August 2023
Helium One Global Ltd
("Helium One" or "the Company")
Appointment of New Chairman / Board Changes
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today announces that Ian Stalker (72) has decided to step down from his position as Non-Executive Chairman after five years in the post to reduce the number of his non-executive roles. James Smith, currently Non-Executive Director of Helium One, is to be appointed as Chairman with immediate effect.
James 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 a number of 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.
During Ian's tenure as Chairman, he has overseen a period of significant achievement, from the Company's successful listing on AIM to the maiden drilling programme at Rukwa, as well as guiding the Company ahead of their second drilling campaign in Rukwa in September.
Ian Stalker, current Chairman of Helium One, commented:
"Whilst there is never a good time to step down as Chairman, I do so in the knowledge that the Company in in excellent health. To say that this is an exciting time for the Company is an understatement, we have an exceptional team in place to successfully deliver our forthcoming programme at Rukwa and proving up the potential that we believe is inherent at Tai-C.
I would also like to take this opportunity to say what a pleasure it has been to work with the Helium One team over the past few years, and I wish Lorna and the team the very best on making a commercial discovery and look forward to following their progress in the coming months."
James Smith current Non-Executive of Helium One, commented:
"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, utilising 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."
For further information please visit the Company's website: www.helium-one.com
Contact
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Helium One Global Ltd Lorna Blaisse, CEO |
+44 20 7920 3150 |
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Liberum Capital Limited (Nominated Adviser and Joint Broker) Scott Mathieson Ed Thomas Nikhil Varghese |
+44 20 3100 2000 |
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Peterhouse Capital Limited (Joint Broker) Lucy Williams |
+44 20 7220 9792 |
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Tavistock (Financial PR) Nick Elwes Tara Vivian - Neal |
+44 20 7920 3150
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Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling 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, 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 1,900km2 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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