Home » Market News » DirectorsTalk Highlights » Tanzania could become top helium producer
Solo Oil Plc

Tanzania could become top helium producer

Exploration data suggests that Tanzania’s Rukwa Basin could hold large reserves of helium, a natural resource whose price has risen considerably in recent decades.

Roaming across the Tanzanian plains on safari some six years ago, it dawned on two Australian geologists that Tanzania could hold world-class helium reserves.

Looking at local research done by a British geologist in the 1950s, an unusually high concentration of helium in the country’s naturally occurring gas seeps was a strong indication that large primary deposits lay under the ground.

 

Helium One is an independent specialist explorer focussed on delineating and developing globally significant helium assets in Tanzania, Solo Oil PLC (LON:SOLO) has a 10% interest in the company.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.