Zeus says Rift Helium could be worth multiples of current share price

June 23, 2026

AI Summary

5 min read

Rift Helium, a small London-listed explorer with assets in Tanzania, is targeting a prize that could be worth multiples of its current £11 million market cap. According to Daniel Slater, an analyst at Zeus Capital, the company is not starting from scratch. Two peers have already made helium discoveries in the same Rukwa Basin, proving the existence of a working helium system. Rift benefits from that existing data and has identified leads that could hold around 19 billion cubic feet (BCF) of helium. The key is the price: helium trades at roughly $500 per thousand cubic feet (MCF), compared to natural gas at $3–15 per MCF. That means 19 BCF of helium is roughly equivalent in value to a trillion cubic feet of natural gas — a serious prize for a company with an £11 million market cap.

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What you'll learn

1 (01:56) **What is Rift Helium and Why Zeus Likes It** - Dan Slater introduces Rift Helium as an explorer in the Rukwa Basin, Tanzania, benefiting from existing peer discoveries and data
2 (04:45) **Key Distinction: Deeper vs. Shallower Helium Traps** - Explains the critical difference between Rift's target and existing discoveries in the basin
3 (06:10) **Asymmetric Risk-Reward Thesis** - Why the small market cap (~£11M) vs. potential resource size creates a compelling investment case
4 (07:05) **Stage of Exploration: "Nearly Ready to Drill"** - Clarifies why this is advanced-stage exploration, not frontier
5 (08:16) **Pure-Play Helium Target** - Details the expected gas composition and commercial focus
6 (08:56) **What to Watch For in Drilling Results** - Key metrics for investors monitoring the upcoming wells
7 (10:13) **Near-Term Catalysts Before Drilling** - Operational milestones in the next 6 months

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Show Notes

Zeus Capital analyst Daniel Slater sits down with Vox to talk us through the details of his latest research note on Rift Helium. Rift recently listed on Aim, and plans to drill its helium assets in the Rukwa Basin in Tanzania next year. Slater talks about the huge upside that's on offer, and walks us through the reasoning behind his 29.1p risked NAV for the company, and his total unrisked NAV of 435.5p.