Noble Helium Upgrades 2U Helium Resource to 18bcf in Tanzania

Noble Helium reported a 67% increase in its total unrisked P50 prospective resource estimate from NSAI to 18.2bcf (vs 10.9bcf previously). NSAI also provided an upside potential of up to 78bcf (vs 45bcf earlier). This estimate includes Noble's four Western Margin targets at the North Rukwa basin. Work is now underway to update the Eastern Margin, where further upgrades are expected. Noble Helium is still to confirm flow rates and helium concentrations for the individual target zones. This is also a positive for Helium One that is targeting two of the four zones that Noble Helium has updated its resource report for.

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