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Overview of Helium One Global
Helium One Global is a specialist in the exploration and development of helium gas resources, operating predominantly in Tanzania and with strategic interests in helium projects in Colorado, USA. The company focuses on harnessing advanced drilling technologies and robust geological analysis to identify and develop high-quality helium deposits within resource-rich rift basins.
Core Business and Operations
At the heart of Helium One Global’s operations is its commitment to pioneering resource exploration in challenging geographies. Utilizing an integrated approach, the company has executed multiple drilling campaigns that not only validate the presence of helium but also significantly enhance the understanding of subsurface geological structures. With its own state-of-the-art drilling rig, Helium One Global has increased operational flexibility and reduced dependency on external services, thereby optimizing exploration costs and timelines.
Strategic Projects and Achievements
Helium One Global’s flagship project in the southern Rukwa Rift Basin of Tanzania exemplifies its capability to identify and progress high-potential resources. Through rigorous Phase II drilling campaigns and subsequent extended well tests, the company has confirmed the presence of helium concentrations that exceed background levels considerably. The ongoing submission of a Mining Licence application reflects the progressive steps taken to transition from exploration to development, underscoring the firm's deep technical expertise and structured project management.
The company also holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. This joint venture represents an extension of its global footprint and illustrates Helium One Global's strategy of leveraging strategic partnerships to access near-term development opportunities. The project in Colorado benefits from advanced exploration methods and proven drilling techniques, offering a complementary pathway for helium production outside the Tanzanian asset base.
Market Context and Industry Significance
Operating within an industry characterized by supply constraints and technological innovation, Helium One Global plays a crucial role in addressing the global demand for helium—a vital technology commodity used across a range of industrial and medical applications. The company's exploration initiatives are designed to deliver sustainable value by targeting resource systems with significant gas potential. By implementing cutting-edge geophysical surveys and drilling programmes, the firm has positioned itself as a knowledgeable and authoritative voice in the resource exploration landscape.
Technical and Operational Excellence
- Advanced Drilling Techniques: The acquisition of specialized drilling equipment, such as the Epiroc Predator 220, demonstrates the company's investment in technology that enables deeper and more efficient exploration campaigns.
- Geological Expertise: A team skilled in subsurface evaluation and data integration supports a rigorous appraisal of geological formations, ensuring that exploration targets are selected based on detailed seismic and petrophysical data.
- Strategic Licensing: The process of applying for and managing Mining Licences showcases the company's regulatory competence and long-term vision in resource development.
Operational Challenges and Risk Management
While the exploration of helium resources comes with inherent challenges such as variable geological conditions and regulatory uncertainties, Helium One Global mitigates these risks through systematic drilling campaigns, incorporation of robust feasibility studies, and a disciplined project management approach. Its diversified geographical portfolio, spanning operations in Tanzania and the United States, further balances the risks by tapping into distinct resource plays.
Commitment to Transparency and Expertise
Helium One Global is dedicated to maintaining high standards of transparency and technical rigor. The company communicates its progress through detailed operational reports and balanced updates. By consistently applying industry best practices and achieving significant drilling milestones, the company underlines its expertise and authoritative presence in the helium exploration sector.
Conclusion
In summary, Helium One Global stands as a technically adept and strategically focused enterprise in the exploration and development of helium. Through its commitment to operational excellence, use of advanced drilling technology, and a robust project portfolio in key geological regions, the company continues to push the boundaries of resource exploration while contributing valuable insights into a supply-constrained market. Whether examining the extensive drilling campaigns in Tanzania or its strategic joint venture in Colorado, Helium One Global embodies the principles of expertise, experience, and a methodical approach to unlocking natural resource potential.
Helium One Global reports successful drilling of Jackson-29 well at the Galactica Project in Colorado, reaching a total depth of 1,183ft. The well encountered 61ft of high-quality gas-saturated sands with 22-26% porosity in the Upper Lyons Sandstone Formation, demonstrating strong natural flow.
The well showed no water during drilling, with wireline logs confirming gas saturation. Gas samples have been taken for laboratory analysis of helium and CO2 concentrations. Well head installation is underway for surface pressure readings and flow testing.
The Galactica/Pegasus development, discovered in 2022, has shown promising results with previous wells. Four existing discoveries delivered gas flows of 125-412 Mcfd with helium concentrations between 2.0-6.1%. Recent wells State-16 and Jackson-31 demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd respectively.
Helium One Global (HLOGF) provides an operational update on the Jackson-29 well at the Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. The intermediate hole section has been successfully drilled to approximately 1,110 feet (338m) and casing has been set.
Operations are currently suspended due to weather conditions. Once conditions improve, Blue Star Helium will evaluate the cementing programme, run a cement bond log (CBL) to confirm bonding, and proceed to drill into the target Lyons Formation. Upon reaching total depth, the well will undergo wireline logging, wellhead installation, and flow and pressure testing.
The company also notes its recent success in Tanzania, where its Itumbula West-1 well achieved continuous flow of 5.5% helium in Q3 2024, leading to a Mining License application in September 2024, which was officially accepted in March 2025.
Helium One Global (HLOGF) has provided an update on the Jackson-4 L4 3154 development well at the Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. The well has demonstrated increasing natural flow rates, reaching approximately 190 thousand cubic feet per day (Mcfd), with projected stabilized flow rates expected between 250-350 Mcfd and a maximum potential of 450 Mcfd.
Initial laboratory analysis revealed helium concentrations up to 1.18% (not air corrected) and 85.93% CO2. The Jackson-4 well reached a total depth of 1,260 feet, encountering the Lyons Formation at 1,198 feet. Strong pressure build-up post-testing confirms high permeability and good reservoir communication, with calculated permeabilities ranging from 300 to 750 millidarcies.
Helium One Global (HLOGF) has formally accepted a Mining License (ML) offer for its southern Rukwa Helium Project in Tanzania. The license covers an extensive 480km² area in the Momba and Sumbawanga Urban Districts. Key developments include:
- Environmental and Social Impact Assessment (ESIA) approval and Environmental Impact Certificate issuance
- First annual license fee payment completed
- Project progression from helium discovery to ML acceptance in just six months
- Successful helium flow of 5.5% achieved during Q3 2024 extended well test at Itumbula West-1
The next steps involve formal ML award and execution of Regulatory Framework Agreements, which will establish a joint venture between the company and the Tanzanian government for project development.
Helium One Global (HLOGF) announces the spudding of Jackson-29 development well at its Galactica helium project in Las Animas County, Colorado, where it holds a 50% working interest. The well targets the Lyons Sandstone Formation and will undergo wireline logging followed by flow and pressure readings.
The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125-412 Mcfd with helium concentrations of 2.0-6.1%. Recent wells include State-16 (capable of producing up to 441 Mcfd with 1.9% helium), Jackson-31 (natural flow rate of ~250 Mcfd), and Jackson-4 (results pending).
Under the farm-in agreement, Helium One will fund the first US$450,000 of the Jackson-29 well. The project benefits from proximity to the third-party owned Red Rocks helium project and ongoing engineering work for CO2 removal and helium processing.
Helium One Global has submitted its Blocklisting Six Monthly Return, as announced on March 24, 2025. The announcement was made through RNS, the London Stock Exchange's news service, which is authorized by the Financial Conduct Authority as a Primary Information Provider in the United Kingdom.
Helium One Global (HLOGF) reports successful drilling of the Jackson-4 well at the Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well reached a total depth of 1,260ft (384m) with confirmed free gas presence.
The well encountered 62ft (18.9m) of high-quality gas-saturated sands in the Upper Lyons Sandstone Formation, with 22-26% porosity. Notable features include strong natural flow during drilling and no water encountered. Gas samples have been sent for laboratory analysis of helium and CO2 concentrations.
The Galactica/Pegasus development, discovered in 2022, has shown promising results from previous wells, with gas flows ranging from 125 to 412 Mcfd and helium concentrations between 2.0% and 6.1%. Recent wells State-16 and Jackson-31 demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd respectively.
Helium One Global (HLOGF) has announced its unaudited interim results for the six months ended December 31, 2024. The company reported key operational milestones including successful completion of the Itumbula West-1 extended well test, which flowed up to 7.9% helium to surface.
The company has diversified its portfolio by acquiring a 50% interest in Blue Star Helium's Galactica-Pegasus project in Colorado, USA. The development program includes drilling 15 wells, with initial production expected by end of H1 2025. Independent analysis forecasts approximately $2 million per annum revenue over five years, with potential 50% increase from CO2 sales.
Financial highlights include:
- Pre-tax loss of $1,927,896 (vs $1,064,747 in previous period)
- Net cash balance of $10,021,699 as of December 31, 2024
- Successful fundraising of £6.4 million ($8.2 million) through share issuance
Post-period, the company received a Mining License offer letter for the southern Rukwa Helium Project in Tanzania and commenced initial six-well development drilling at Galactica-Pegasus.
Helium One Global (HLOGF) has announced the successful completion of intermediate hole section drilling at the Jackson-4 L4 3154 development well, reaching 1,123ft (342m) measured depth at the Galactica-Pegasus helium project in Colorado. The company holds a 50% working interest in this project, operated by Blue Star Helium.
The next steps include:
- Casing installation and cementing operations
- Cement bond log (CBL) verification
- Further drilling into the target Lyons Sandstone Formation
- Wireline logging at total depth (TD)
- Well head installation for flow and pressure readings
Upon successful testing, Jackson-4 will be completed and prepared for tie-in to production facilities. Additionally, the company's flagship Rukwa Project in Tanzania recently achieved success with its Itumbula West-1 well, flowing 5.5% helium continuously to surface in Q3 2024, leading to a Mining License application.
Helium One Global has announced positive flow testing and gas sampling results from the Jackson-31 development well at its Galactica helium project in Colorado. The well, drilled to 1,210 feet, demonstrated strong natural gas flow rates reaching approximately 250 thousand cubic feet per day (Mcfd).
Initial laboratory analysis revealed helium concentrations up to 2.2% air corrected (1.9% not air corrected), with projected reservoir helium concentration expected to equilibrate to 2.3-2.5%. Based on engineering analysis, the well's projected stabilized flow rates are expected between 300-400 Mcfd, with a maximum potential of 500 Mcfd.
The well encountered high-quality, gas-saturated Lyons Sandstone Formation at 1,153 feet, with strong pressure build-up post-testing indicating high permeability and good reservoir communication. The gas composition shows approximately 69% CO2 and 29% nitrogen.
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