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Helium One Global Ltd Announces Jackson-29 Operational Update

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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) fornisce un aggiornamento operativo sul pozzo Jackson-29 nel progetto di elio Galactica-Pegasus in Colorado, dove detiene un interesse lavorativo del 50%. La sezione intermedia del foro è stata perforata con successo fino a circa 1.110 piedi (338 m) e sono stati installati i tubi di rivestimento.

Le operazioni sono attualmente sospese a causa delle condizioni meteorologiche. Una volta migliorate le condizioni, Blue Star Helium valuterà il programma di cementazione, eseguirà un log di legame del cemento (CBL) per confermare il legame e procederà alla perforazione nella formazione obiettivo di Lyons. Una volta raggiunta la profondità totale, il pozzo subirà un logging con cavo, l'installazione della testa di pozzo e test di flusso e pressione.

L'azienda segnala anche il suo recente successo in Tanzania, dove il suo pozzo Itumbula West-1 ha raggiunto un flusso continuo del 5,5% di elio nel terzo trimestre del 2024, portando a una domanda di Licenza Mineraria a settembre 2024, che è stata ufficialmente accettata a marzo 2025.

Helium One Global (HLOGF) proporciona una actualización operativa sobre el pozo Jackson-29 en el proyecto de helio Galactica-Pegasus en Colorado, donde tiene un interés de trabajo del 50%. La sección intermedia del pozo ha sido perforada con éxito hasta aproximadamente 1,110 pies (338 m) y se ha instalado el revestimiento.

Las operaciones están actualmente suspendidas debido a las condiciones climáticas. Una vez que las condiciones mejoren, Blue Star Helium evaluará el programa de cementación, realizará un registro de unión de cemento (CBL) para confirmar la unión y procederá a perforar en la formación objetivo de Lyons. Al alcanzar la profundidad total, el pozo pasará por un registro de cable, la instalación de la cabeza de pozo y pruebas de flujo y presión.

La empresa también destaca su reciente éxito en Tanzania, donde su pozo Itumbula West-1 logró un flujo continuo del 5.5% de helio en el tercer trimestre de 2024, lo que llevó a una solicitud de Licencia Minera en septiembre de 2024, que fue aceptada oficialmente en marzo de 2025.

Helium One Global (HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 프로젝트에서 Jackson-29 우물에 대한 운영 업데이트를 제공합니다. 이 프로젝트에서 회사는 50%의 작업 지분을 보유하고 있습니다. 중간 구멍 섹션은 약 1,110피트(338m)까지 성공적으로 굴착되었고, 케이싱이 설치되었습니다.

현재 날씨 조건으로 인해 작업이 중단되었습니다. 조건이 개선되면 Blue Star Helium은 시멘트 프로그램을 평가하고, 결합을 확인하기 위해 시멘트 결합 로그(CBL)를 실행하며, 목표인 라이온스 형성으로 굴착을 진행할 것입니다. 총 깊이에 도달하면, 우물은 와이어라인 로깅, 우물 헤드 설치 및 유량 및 압력 테스트를 거치게 됩니다.

회사는 또한 탄자니아에서의 최근 성공을 언급하며, 그곳의 Itumbula West-1 우물이 2024년 3분기에 5.5%의 헬륨을 지속적으로 흘려보냈으며, 이에 따라 2024년 9월에 광산 라이센스 신청이 이루어졌고, 이는 2025년 3월에 공식적으로 수락되었습니다.

Helium One Global (HLOGF) fournit une mise à jour opérationnelle sur le puits Jackson-29 dans le projet de hélium Galactica-Pegasus au Colorado, où elle détient un intérêt de travail de 50 %. La section intermédiaire du trou a été forée avec succès jusqu'à environ 1 110 pieds (338 m) et le tubage a été installé.

Les opérations sont actuellement suspendues en raison des conditions météorologiques. Une fois les conditions améliorées, Blue Star Helium évaluera le programme de cimentage, réalisera un enregistrement de liaison de ciment (CBL) pour confirmer la liaison et procédera à la perforation dans la formation cible de Lyons. Une fois la profondeur totale atteinte, le puits subira un logging par câble, l'installation de la tête de puits et des tests de débit et de pression.

L'entreprise note également son récent succès en Tanzanie, où son puits Itumbula West-1 a atteint un flux continu de 5,5 % d'hélium au troisième trimestre 2024, ce qui a conduit à une demande de licence minière en septembre 2024, qui a été officiellement acceptée en mars 2025.

Helium One Global (HLOGF) gibt ein Betriebsupdate zum Jackson-29-Brunnen im Galactica-Pegasus-Heliumprojekt in Colorado, wo es einen Arbeitsanteil von 50% hält. Der Zwischenlochbereich wurde erfolgreich bis auf etwa 1.110 Fuß (338 m) gebohrt, und die Verrohrung wurde gesetzt.

Die Arbeiten sind derzeit aufgrund der Wetterbedingungen ausgesetzt. Sobald sich die Bedingungen verbessern, wird Blue Star Helium das Zementierungsprogramm bewerten, ein Zementbindungsprotokoll (CBL) durchführen, um die Bindung zu bestätigen, und mit dem Bohren in die Zielformation Lyons fortfahren. Nach Erreichen der Endtiefe wird der Brunnen einer Kabelmessung, der Installation des Brunnenkopfes sowie Fluss- und Drucktests unterzogen.

Das Unternehmen weist auch auf seinen jüngsten Erfolg in Tansania hin, wo sein Brunnen Itumbula West-1 im 3. Quartal 2024 einen kontinuierlichen Fluss von 5,5% Helium erreichte, was zu einem Antrag auf eine Bergbaulizenz im September 2024 führte, der im März 2025 offiziell akzeptiert wurde.

Positive
  • Successfully drilled Jackson-29 intermediate hole section to 1,110 feet
  • Secured Mining License approval in Tanzania (March 2025)
  • Demonstrated successful 5.5% helium flow at Itumbula West-1 well
Negative
  • Weather-related operational delays at Jackson-29 well

LONDON, GB / ACCESS Newswire / April 4, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX: BNL) ("Blue Star") announcement issued today regarding an update on the Jackson-29 well.

Summary

  • Jackson-29 intermediate hole section successfully drilled to casing point and casing set

  • Cementing programme complete and evaluation underway. However, operations currently suspended due to weather conditions

  • Following evaluation, Blue Star will run cement bond log (CBL) to confirm bonding and drill out into the target Lyons Formation to drilling total depth ("TD")

Details

The intermediate hole section of the well was drilled to approximately 1,110 feet (338m). Subject to weather conditions, the cementing programme will be evaluated, and any excess cement removed. Blue Star will then run the mandatory CBL to confirm good bonding and then drill out into the target Lyons Formation. The well will be TD'd within the Upper Lyons Sandstone Formation (production hole section). This is anticipated to commence early next week.

At TD, the well will be wireline logged after which a wellhead will be fitted followed by flow and pressure readings at the wellhead.

It is anticipated that, upon successful testing at Jackson-29, the well will be completed, ready to be tied-in to production facilities

Contact

Helium One Global Ltd
Lorna Blaisse, CEO
Graham Jacobs, Finance and Commercial Director

+44 20 7920 3150

Panmure LiberumLimited (Nominated Adviser and Joint Broker)
Scott Mathieson
Nikhil Varghese

+44 20 3100 2000

Zeus Capital Limited (Joint Broker)
Simon Johnson
Louisa Waddell

+44 20 3829 5000

Tavistock(Financial PR)
Nick Elwes
Tara Vivian-Neal

+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 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis.

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 5.5% helium continually to surface in Q3 2024.

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 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL).

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 current status of HLOGF's Jackson-29 well drilling operations?

The intermediate hole section has been drilled to 1,110 feet with casing set, but operations are temporarily suspended due to weather conditions.

What are the next steps for HLOGF's Jackson-29 well development?

Blue Star will evaluate cementing, run a cement bond log, drill into the Lyons Formation, conduct wireline logging, and perform flow and pressure testing.

What was HLOGF's recent achievement in Tanzania during Q3 2024?

The Itumbula West-1 well successfully flowed 5.5% helium continuously to surface.

When did HLOGF receive its Mining License approval in Tanzania?

The 480km² Mining License was officially accepted in March 2025, following application in September 2024.
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