Helium One Global Ltd Announces Jackson-27 Spud at Galactica Project
Helium One Global (HLOGF) announces the spudding of the Jackson-27 development well at its Galactica helium project in Las Animas County, Colorado, where it holds a 50% working interest. The well's shallow conductor has been set, and blowout preventers are being installed before drilling the intermediate hole section. The well will target the Lyons Sandstone Formation, followed by wireline logging and flow/pressure readings.
The Galactica project, discovered by Blue Star Helium in 2022, is part of the broader Galactica/Pegasus development. Under the farm-in agreement, Helium One will fund the first US $450,000 of this well. The project is strategically positioned adjacent to the third-party owned Red Rocks helium project, which supports the Galactica Project's commercialization potential.
Additionally, Helium One recently accepted a 480km² Mining License in Tanzania following their successful Itumbula West-1 discovery, which demonstrated continuous flow of 5.5% helium to surface in Q3 2024.
Helium One Global (HLOGF) annuncia l'inizio della perforazione del pozzo di sviluppo Jackson-27 nel suo progetto Galactica helium nella contea di Las Animas, Colorado, dove detiene una partecipazione del 50%. È stata installata la conduttura superficiale e sono in corso le operazioni di montaggio dei preventori di eruzione prima di perforare la sezione intermedia del foro. Il pozzo punterà alla Formazione di Arenaria Lyons, seguita da misurazioni tramite wireline e rilevamenti di flusso e pressione.
Il progetto Galactica, scoperto da Blue Star Helium nel 2022, fa parte dello sviluppo più ampio Galactica/Pegasus. Secondo l'accordo di farm-in, Helium One finanzierà i primi 450.000 dollari USA di questo pozzo. Il progetto è strategicamente posizionato adiacente al progetto di elio Red Rocks, di proprietà di terzi, che supporta il potenziale di commercializzazione del progetto Galactica.
Inoltre, Helium One ha recentemente ottenuto una licenza mineraria di 480 km² in Tanzania dopo la loro scoperta di Itumbula West-1, che ha dimostrato un flusso continuo del 5,5% di elio in superficie nel terzo trimestre del 2024.
Helium One Global (HLOGF) anuncia el inicio de la perforación del pozo de desarrollo Jackson-27 en su proyecto de helio Galactica en el condado de Las Animas, Colorado, donde posee un interés operativo del 50%. Se ha instalado el conductor superficial y se están colocando los preventores de reventón antes de perforar la sección intermedia del pozo. El objetivo será la Formación de Arenisca Lyons, seguida de registros con cable y mediciones de flujo/presión.
El proyecto Galactica, descubierto por Blue Star Helium en 2022, forma parte del desarrollo más amplio Galactica/Pegasus. Bajo el acuerdo de farm-in, Helium One financiará los primeros 450.000 dólares estadounidenses de este pozo. El proyecto está estratégicamente ubicado junto al proyecto de helio Red Rocks, propiedad de terceros, que respalda el potencial de comercialización del proyecto Galactica.
Además, Helium One aceptó recientemente una licencia minera de 480 km² en Tanzania tras su exitoso descubrimiento Itumbula West-1, que demostró un flujo continuo del 5,5% de helio en superficie en el tercer trimestre de 2024.
Helium One Global (HLOGF)가 콜로라도주 라스 아니마스 카운티에 위치한 갈락티카 헬륨 프로젝트에서 Jackson-27 개발정 시추를 시작했다고 발표했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 얕은 콘덕터가 설치되었으며, 중간 구간 시추 전에 블로우아웃 방지장치가 설치되고 있습니다. 이 정은 Lyons 사암층을 목표로 하며, 이후 와이어라인 로깅과 유량 및 압력 측정이 진행될 예정입니다.
갈락티카 프로젝트는 2022년 Blue Star Helium이 발견했으며, 더 넓은 갈락티카/페가수스 개발의 일부입니다. 팜인 계약에 따라 Helium One은 이 정의 최초 45만 달러를 자금 지원할 예정입니다. 이 프로젝트는 제3자 소유의 레드 록스 헬륨 프로젝트 인접지에 전략적으로 위치해 있어 갈락티카 프로젝트의 상업화 가능성을 지원합니다.
또한 Helium One은 최근 탄자니아에서 480km² 규모의 채굴 허가를 승인받았으며, 성공적인 Itumbula West-1 발견으로 2024년 3분기에 5.5% 헬륨의 지속적인 지표 유량을 입증했습니다.
Helium One Global (HLOGF) annonce le début du forage du puits de développement Jackson-27 dans son projet d'hélium Galactica situé dans le comté de Las Animas, Colorado, où il détient une participation opérationnelle de 50 %. Le conducteur peu profond a été installé et les dispositifs de prévention des éruptions sont en cours de pose avant le forage de la section intermédiaire. Le puits ciblera la formation de grès Lyons, suivi par des mesures de diagraphie par câble ainsi que des relevés de débit et de pression.
Le projet Galactica, découvert par Blue Star Helium en 2022, fait partie du développement plus large Galactica/Pegasus. Dans le cadre de l'accord de farm-in, Helium One financera les premiers 450 000 dollars américains de ce puits. Le projet est stratégiquement situé à proximité du projet d'hélium Red Rocks, détenu par un tiers, ce qui soutient le potentiel de commercialisation du projet Galactica.
De plus, Helium One a récemment obtenu une licence minière de 480 km² en Tanzanie suite à leur découverte réussie d’Itumbula West-1, qui a démontré un flux continu de 5,5 % d’hélium en surface au troisième trimestre 2024.
Helium One Global (HLOGF) gibt den Beginn der Bohrung des Entwicklungsbohrlochs Jackson-27 in seinem Galactica-Heliumprojekt im Las Animas County, Colorado, bekannt, wo das Unternehmen einen 50%igen Arbeitsanteil hält. Der flache Bohrschacht wurde gesetzt, und Blowout-Preventer werden installiert, bevor der Zwischenabschnitt gebohrt wird. Das Bohrloch wird auf die Lyons-Sandstein-Formation abzielen, gefolgt von Wireline-Logging sowie Durchfluss- und Druckmessungen.
Das Galactica-Projekt, das 2022 von Blue Star Helium entdeckt wurde, ist Teil der größeren Galactica/Pegasus-Entwicklung. Im Rahmen der Farm-In-Vereinbarung wird Helium One die ersten 450.000 US-Dollar dieses Bohrlochs finanzieren. Das Projekt liegt strategisch angrenzend an das im Besitz Dritter befindliche Red Rocks Heliumprojekt, das das Kommerzialisierungspotenzial des Galactica-Projekts unterstützt.
Darüber hinaus hat Helium One kürzlich eine 480 km² große Bergbaulizenz in Tansania erhalten, nachdem die erfolgreiche Entdeckung Itumbula West-1 einen kontinuierlichen Heliumfluss von 5,5 % an die Oberfläche im dritten Quartal 2024 nachgewiesen hat.
- Successful spudding of Jackson-27 development well in Colorado helium project
- Strategic 50% working interest in Galactica-Pegasus helium development
- Recent Mining License acquisition for 480km² in Tanzania
- Proven helium production capability with 5.5% continuous flow at Itumbula West-1
- Required $450,000 initial well funding commitment
LONDON, UK / ACCESS Newswire / April 16, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-27 well spudded at the Galactica helium project
Currently preparing to drill intermediate hole section
Details
The Company is pleased to announce the spudding of the Jackson-27 SESW 3054 development well at its Galactica helium project in Las Animas County, Colorado.
The shallow conductor has been set and blowout preventers are being installed and tested, and the next phase will be to drill through the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Sandstone Formation, with Total Depth ("TD") planned within the Upper Lyons Formation gas reservoir.
When TD is reached, wireline logging will then be conducted, followed by flow and pressure readings at the wellhead. This data will be used to estimate the production potential of the well based on the production model.
Jackson-27 is anticipated to be completed and ultimately tied-in to production facilities.
Galactica/Pegasus Development
The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US
The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project (see map below). Development of Red Rocks further supports the commercialisation of the Galactica Project.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd | +44 20 7920 3150 |
|
|
Panmure Liberum Limited (Nominated Adviser and Joint Broker) | +44 20 3100 2000 |
|
|
Zeus Capital Limited (Joint Broker) | +44 20 3829 5000 |
|
|
Tavistock(Financial PR) | +44 20 7920 3150 |
Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to
The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed
Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025.
The Company also owns a
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Helium One Global Ltd
View the original press release on ACCESS Newswire
FAQ
What is the significance of the Jackson-27 well spudding for HLOGF shareholders?
What were the results of Helium One's Itumbula West-1 well in Tanzania?
What is the target formation for the Jackson-27 well?
How does the Red Rocks helium project relate to HLOGF's Galactica Project?
