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Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1)<\/a> has outlined plans for its upcoming North Rukwa<\/a> drilling program in Tanzania while highlighting growing disruption across the global helium market that could strengthen future demand for new supply sources.<\/p>\n Executive chairman Dennis Donald told Proactive that Russia\u2019s decision to halt helium exports, combined with prolonged production issues affecting Qatar, had potentially placed up to 40% of global helium supply into question.<\/p>\n Donald said the market disruption created a significant opportunity for companies capable of delivering large-scale helium supply outside traditional hydrocarbon-linked production regions.<\/p>\n Noble Helium is advancing its Kinambo drilling campaign within the Rukwa Basin, where the company has already certified a prospective helium resource of 225 billion cubic feet.<\/p>\n By comparison, Donald noted that annual global helium demand currently sits at approximately 6 billion cubic feet.<\/p>\n He said the scale of the company\u2019s resource position could prove attractive to large industrial consumers seeking supply certainty.<\/p>\n North Rukwa Helium PLs and Leads to date.<\/em><\/p>\n Donald stated that several major helium users had already approached Noble Helium and discussions were underway regarding future supply opportunities.<\/p>\nKinambo drilling campaign advances <\/h4>\n
Customer discussions underway <\/h4>\n