{"id":69277,"date":"2023-10-05T23:43:22","date_gmt":"2023-10-06T03:43:22","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/helium-one-shares-fall-after-drilling-temporarily-suspended-at-tai-3-well\/"},"modified":"2023-10-05T23:43:24","modified_gmt":"2023-10-06T03:43:24","slug":"helium-one-shares-fall-after-drilling-temporarily-suspended-at-tai-3-well","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69277","title":{"rendered":"Helium One Shares Fall After Drilling Temporarily Suspended at Tai-3 Well"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231005-701917\" role=\"document\">\n<p>By Elena Vardon<\/p>\n<pre><\/pre>\n<p>Helium One Group shares fell after the company said it has temporarily suspended operations at a drilling rig of its Tai-3 well in Tanzania due to a component failure.<\/p>\n<p>At 0844 GMT, shares were down 0.87 pence, or 17%, at 4.13 pence.<\/p>\n<div class=\"paywall\">\n<p>The helium-exploration company said Thursday that it will need to bring in mechanical parts from outside the country to undertake the necessary repairs at its Predator 220 drilling rig. This is expected to take it around two weeks, the company said, adding that it is confident drilling will restart in line with the original program.<\/p>\n<p>&#8220;The team are currently working on sourcing the required parts to resolve this issue and are hopeful that this will only be a temporary delay before drilling is recommenced,&#8221; Chief Executive Lorna Blaisse said.<\/p>\n<p>Drilling operations had been on schedule before the failure, with the rig performing well, it added.<\/p>\n<pre><\/pre>\n<p>Write to Elena Vardon at elena.vardon@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/helium-one-shares-fall-after-drilling-temporarily-suspended-at-tai-3-well-4e225b24?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Elena Vardon Helium One Group shares fell after the company said it has temporarily suspended operations at a drilling rig of its Tai-3 well in Tanzania due to a component failure. At 0844 GMT, shares were down 0.87 pence, or 17%, at 4.13 pence. The helium-exploration company said Thursday that it will need to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-69277","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Helium One Shares Fall After Drilling Temporarily Suspended at Tai-3 Well | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Elena Vardon Helium One Group shares fell after the company said it has temporarily suspended operations at a drilling rig of its Tai-3 well in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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