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Noble Helium (ASX:NHE) halts trade following 3D survey acquisition – The Market Herald


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  • Noble Helium (NHE) places its shares in a trading halt pending the release of a capital raise announcement
  • Company shares will remain in the halt until Thursday, October 27, or when Noble Helium releases the announcement — whichever occurs first
  • Yesterday, Noble Helium announced it had acquired the data for all three 3D seismic surveys completed on the western side of the North Rukwa project in Tanzania
  • The company’s 3D crew is now en route to the eastern side of the North Rukwa project to begin 3D seismic surveys there
  • Shares in Noble Helium last traded at 17.5 cents on October 24

Noble Helium (NHE) has placed its shares in a trading halt pending the release of a capital raise announcement.

The company will remain in the halt until Thursday, October 27, or when it releases the announcement — whichever occurs first.

Noble Helium is yet to disclose how much it intends to raise or for what it will use the funds once received.

Yesterday, Noble Helium announced it had acquired the data for all three 3D seismic surveys completed on the western side of its North Rukwa project in Tanzania.

The first 3D seismic cube over the Kachinga lead has been completed, with the results supporting the presence and extent of the Kachinga Basin Margin Fault Closure.

Pre-stack time migration (PSTM) and pre-stack depth migration (PSDM) processing are now in progress and are expected to provide full imaging in the subsurface.

The company said 3D seismic cubes were now in process for the Mbelele and Dagaa leads.

Meanwhile, Noble Helium’s 3D crew is now en route to the eastern side of the North Rukwa project to begin 3D seismic surveys there.

Shares in Noble Helium last traded at 17.5 cents on October 24. The company has a $32.05 million market cap.





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