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Noble Helium Limited (ASX:NHE)

ALERT: Price-sensitive ASX Announcement for NHE
Current share price for NHE : $0.027 0 (0%)+
Announcement
Release
11 May 2026 8:36AM
Price at Release
$0.027
Full Release
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Summary
Noble Helium Limited has announced the contracting of BoreXpert’s Schramm T130 XD rig for their North Rukwa drilling campaign in Tanzania, specifically targeting the western margin of the Kinambo site. The company plans to drill two confirmed wells, Kinambo B and Kinambo K, with an option for two additional contingent wells based on initial results. The drilling is aimed at exploring both shallow and deep gas accumulations with expected depths of 430 and 1500 meters respectively. Preparations are underway with a scheduled start in June 2026, and the first well to commence drilling in early July. This venture is positioned as part of a strategic effort to address the global helium shortage, with the objective to fast track a pilot production facility. Drilling costs are anticipated to be lower compared to previous campaigns, and the effort is part of a broader initiative to validate the helium potential and expand production capabilities in the region.
Key Points
  • Noble Helium secures BoreXpert’s Schramm T130 XD rig for Kinambo drilling campaign.
  • Drilling campaign to occur on the western margin of the 100% owned North Rukwa Project in Tanzania.
  • Contracted for two confirmed exploration wells with an option for two more.
  • Geological de-risking work nearing completion.
  • Plan to mobilise rig in June 2026, with first well to spud in early July.
  • Rukwa Basin is a highly prospective helium province.
  • Company aims to fast track a pilot production facility.
  • Drilling costs expected to be significantly lower than previous campaigns.
  • Shallow wells expected to take 10 days each over a two-month campaign.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.