Helium One Global is optimistic about their drilling progress at the Itumbula West-1 well, with promising results including reaching 961 meters depth and encountering elevated helium shows over 20 times the background levels.
The discovery of elevated hydrogen shows in the lake beds formation is also seen as significant. The next steps involve logging and well testing to further evaluate the findings. The company anticipates taking several days to acquire and interpret the data before moving forward with the project. Overall, the CEO expresses excitement about the developments and the potential of the project.