Helium One Global Ltd Announces Jackson-29 Flow Test Results & Gas Analysis Update
Helium One Global (HLOGF) has reported positive flow test results from the Jackson-29 well at its Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well, drilled to 1,183 feet, has demonstrated increasing natural flow rates reaching approximately 320 thousand cubic feet per day (Mcfd).
Initial laboratory analysis revealed helium concentrations up to 3.30% with 48.66% CO2 and 48.04% nitrogen. The projected stabilized flow rates, optimized for production, are expected between 350 Mcfd and 450 Mcfd, with a maximum potential of 550 Mcfd. Strong pressure build-up post-testing indicates high permeability and good reservoir communication.
The Galactica project, discovered by Blue Star in 2022, is being developed in partnership with Helium One, which will fund the first US $450,000 of this well. The project's location adjacent to the third-party owned Red Rocks helium project supports its commercialization potential.
Helium One Global (HLOGF) ha riportato risultati positivi dai test di flusso del pozzo Jackson-29 nel suo progetto di sviluppo dell'elio Galactica-Pegasus in Colorado, dove detiene una partecipazione del 50%. Il pozzo, trivellato fino a 1.183 piedi, ha mostrato tassi di flusso naturale in aumento, raggiungendo circa 320 mila piedi cubi al giorno (Mcfd).
Le analisi di laboratorio iniziali hanno rivelato concentrazioni di elio fino al 3,30% con il 48,66% di CO2 e il 48,04% di azoto. I tassi di flusso stabilizzati previsti, ottimizzati per la produzione, si stimano tra 350 Mcfd e 450 Mcfd, con un potenziale massimo di 550 Mcfd. Un forte aumento di pressione dopo i test indica un'alta permeabilità e una buona comunicazione del giacimento.
Il progetto Galactica, scoperto da Blue Star nel 2022, è sviluppato in collaborazione con Helium One, che finanzierà i primi 450.000 dollari USA di questo pozzo. La posizione del progetto, adiacente al progetto di elio Red Rocks di proprietà di terzi, supporta il suo potenziale di commercializzazione.
Helium One Global (HLOGF) ha informado resultados positivos en las pruebas de flujo del pozo Jackson-29 en su proyecto de desarrollo de helio Galactica-Pegasus en Colorado, donde posee un interés operativo del 50%. El pozo, perforado hasta 1,183 pies, ha mostrado tasas de flujo natural en aumento, alcanzando aproximadamente 320 mil pies cúbicos por día (Mcfd).
El análisis inicial de laboratorio reveló concentraciones de helio de hasta 3,30% con 48,66% de CO2 y 48,04% de nitrógeno. Se espera que las tasas de flujo estabilizadas proyectadas, optimizadas para producción, estén entre 350 Mcfd y 450 Mcfd, con un potencial máximo de 550 Mcfd. Un fuerte aumento de presión tras las pruebas indica alta permeabilidad y buena comunicación del yacimiento.
El proyecto Galactica, descubierto por Blue Star en 2022, se está desarrollando en asociación con Helium One, que financiará los primeros 450.000 dólares estadounidenses de este pozo. La ubicación del proyecto, adyacente al proyecto de helio Red Rocks propiedad de terceros, respalda su potencial de comercialización.
Helium One Global (HLOGF)는 콜로라도에 위치한 Galactica-Pegasus 헬륨 개발 프로젝트의 Jackson-29 유정에서 긍정적인 유동 시험 결과를 보고했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 1,183피트까지 시추된 이 유정은 약 하루 32만 입방피트(Mcfd)에 이르는 자연 유동률 증가를 보여주었습니다.
초기 실험실 분석 결과 헬륨 농도는 최대 3.30%이며, 이산화탄소 48.66%, 질소 48.04%로 나타났습니다. 생산 최적화를 위한 예상 안정 유동률은 350 Mcfd에서 450 Mcfd 사이이며 최대 잠재력은 550 Mcfd입니다. 시험 후 강한 압력 상승은 높은 투과성과 우수한 저수지 연결성을 나타냅니다.
2022년 Blue Star가 발견한 Galactica 프로젝트는 Helium One과 협력하여 개발 중이며, Helium One이 이 유정의 초기 45만 달러를 자금 지원할 예정입니다. 제3자가 소유한 Red Rocks 헬륨 프로젝트 인근에 위치해 상업화 가능성이 높습니다.
Helium One Global (HLOGF) a annoncé des résultats positifs aux tests de débit du puits Jackson-29 dans son projet de développement d'hélium Galactica-Pegasus au Colorado, où il détient une participation de 50 %. Le puits, foré à 1 183 pieds, a montré des débits naturels en augmentation atteignant environ 320 mille pieds cubes par jour (Mcfd).
Les analyses initiales en laboratoire ont révélé des concentrations d'hélium allant jusqu'à 3,30% avec 48,66 % de CO2 et 48,04 % d'azote. Les débits stabilisés projetés, optimisés pour la production, sont attendus entre 350 Mcfd et 450 Mcfd, avec un potentiel maximal de 550 Mcfd. Une forte augmentation de pression après les tests indique une haute perméabilité et une bonne communication du réservoir.
Le projet Galactica, découvert par Blue Star en 2022, est développé en partenariat avec Helium One, qui financera les premiers 450 000 dollars américains de ce puits. La localisation du projet, adjacente au projet d'hélium Red Rocks appartenant à un tiers, soutient son potentiel de commercialisation.
Helium One Global (HLOGF) hat positive Durchfluss-Testergebnisse aus dem Jackson-29-Bohrloch seines Helium-Entwicklungsprojekts Galactica-Pegasus in Colorado gemeldet, an dem es eine Beteiligung von 50 % hält. Das bis zu 1.183 Fuß tiefe Bohrloch zeigte steigende natürliche Durchflussraten von etwa 320 Tausend Kubikfuß pro Tag (Mcfd).
Die erste Laboranalyse ergab Heliumkonzentrationen von bis zu 3,30% mit 48,66 % CO2 und 48,04 % Stickstoff. Die prognostizierten stabilisierten Durchflussraten, optimiert für die Produktion, liegen voraussichtlich zwischen 350 Mcfd und 450 Mcfd, mit einem maximalen Potenzial von 550 Mcfd. Ein starker Druckanstieg nach den Tests deutet auf hohe Durchlässigkeit und gute Reservoirkommunikation hin.
Das Galactica-Projekt, das 2022 von Blue Star entdeckt wurde, wird in Partnerschaft mit Helium One entwickelt, das die ersten 450.000 US-Dollar dieses Bohrlochs finanziert. Die Lage des Projekts neben dem von Dritten betriebenen Red Rocks Helium-Projekt unterstützt dessen Kommerzialisierungspotenzial.
- Strong flow rates reaching 320 Mcfd with projected increase to 350-450 Mcfd
- High helium concentration of 3.30% in initial samples
- Strong pressure build-up indicating high permeability and good reservoir communication
- No water encountered during drilling, confirming high-quality gas-saturated formation
- Significant CO2 content (48.66%) in gas composition requiring separation
LONDON, UK / ACCESS Newswire / April 22, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-29 flowed naturally during drilling and at Total Depth ("TD")
Flow rate since TD has increased to over 320 thousand cubic feet per day ("Mcfd")
Projected stabilised flow rates are 350 Mcfd to 450 Mcfd, constrained to optimise production, with a maximum potential rate of 550 Mcfd
Early samples return helium concentration of up to
3.30% (air-corrected) and48.66% CO2 in line with expectations
Details
The Jackson-29 well reached TD at 1,183 feet (361m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,122 feet (341m). As expected, water was not encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated.
Flow testing since TD has revealed increasing natural flow rates, reaching approximately 320 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering studies, and observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 350 Mcfd and 450 Mcfd, with a maximum of 550 Mcfd.
Initial laboratory analysis of gas samples from Jackson-29 showed a helium concentration up to
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 |
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Panmure LiberumLimited (Nominated Adviser and Joint Broker) | +44 20 3100 2000 |
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Zeus Capital Limited (Joint Broker) | +44 20 3829 5000 |
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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
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