IN BRIEF: Helium One says ESP testing starts at Rukwa helium project

Helium One Global Ltd - London-based helium explorer in Tanzania, also has a 50% working interest in the Galactica Project which is operated by Blue Star Helium Ltd - Announces that electrical submersible pump testing has started at the ITW?1 well at the Rukwa helium project. 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, Helium One says. 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.

Current stock price: 0.46 pence

12-month change: down 48%

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.