Helium One Global Ltd Announces Jackson-29 Spud at Galactica Project
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 (HLOGF) annuncia l'inizio della perforazione del pozzo di sviluppo Jackson-29 nel suo progetto di elio Galactica nella contea di Las Animas, Colorado, dove detiene una partecipazione del 50%. Il pozzo punta alla Formazione di Sabbia Lyons e sarà sottoposto a logging con cavi e successivamente a misurazioni di flusso e pressione.
Lo sviluppo Galactica/Pegasus, scoperto da Blue Star nel 2022, ha mostrato risultati promettenti con quattro scoperte esistenti che forniscono flussi di gas di 125-412 Mcfd con concentrazioni di elio del 2.0-6.1%. I pozzi recenti includono State-16 (in grado di produrre fino a 441 Mcfd con l'1.9% di elio), Jackson-31 (tasso di flusso naturale di ~250 Mcfd) e Jackson-4 (risultati in attesa).
In base all'accordo di partecipazione, Helium One finanzierà i primi 450.000 dollari USA del pozzo Jackson-29. Il progetto beneficia della vicinanza al progetto di elio Red Rocks di proprietà di terzi e dei lavori ingegneristici in corso per la rimozione di CO2 e il trattamento dell'elio.
Helium One Global (HLOGF) anuncia el inicio de la perforación del pozo de desarrollo Jackson-29 en su proyecto de helio Galactica en el condado de Las Animas, Colorado, donde posee un 50% de interés de trabajo. El pozo tiene como objetivo la Formación de Arenisca Lyons y se someterá a registros de cable y luego a lecturas de flujo y presión.
El desarrollo Galactica/Pegasus, descubierto por Blue Star en 2022, ha mostrado resultados prometedores con cuatro descubrimientos existentes que entregan flujos de gas de 125-412 Mcfd con concentraciones de helio del 2.0-6.1%. Los pozos recientes incluyen State-16 (capaz de producir hasta 441 Mcfd con 1.9% de helio), Jackson-31 (tasa de flujo natural de ~250 Mcfd) y Jackson-4 (resultados pendientes).
De acuerdo con el acuerdo de participación, Helium One financiará los primeros 450,000 dólares estadounidenses del pozo Jackson-29. El proyecto se beneficia de la proximidad al proyecto de helio Red Rocks, propiedad de terceros, y de los trabajos de ingeniería en curso para la eliminación de CO2 y el procesamiento de helio.
Helium One Global (HLOGF)는 콜로라도 라스 애니마스 카운티의 갈락티카 헬륨 프로젝트에서 잭슨-29 개발 우물의 굴착을 시작한다고 발표했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 이 우물은 라이온스 샌드스톤 형성을 목표로 하며, 와이어라인 로그를 수행한 후 유량 및 압력 측정을 진행할 예정입니다.
2022년에 블루 스타에 의해 발견된 갈락티카/페가수스 개발은 125-412 Mcfd의 가스 흐름과 2.0-6.1%의 헬륨 농도를 가진 네 개의 기존 발견으로 유망한 결과를 보여주었습니다. 최근 우물에는 State-16(1.9% 헬륨으로 최대 441 Mcfd 생산 가능), Jackson-31(~250 Mcfd의 자연 유량) 및 Jackson-4(결과 대기 중)가 포함됩니다.
농장 참여 계약에 따라 Helium One은 Jackson-29 우물의 첫 450,000달러를 자금을 지원할 것입니다. 이 프로젝트는 제3자가 소유한 레드 록스 헬륨 프로젝트와 CO2 제거 및 헬륨 처리에 대한 지속적인 엔지니어링 작업과의 근접성으로 혜택을 보고 있습니다.
Helium One Global (HLOGF) annonce le début du forage du puits de développement Jackson-29 dans son projet d'hélium Galactica dans le comté de Las Animas, Colorado, où il détient un intérêt de travail de 50%. Le puits cible la formation de grès de Lyons et subira un enregistrement par câble suivi de mesures de débit et de pression.
Le développement Galactica/Pégase, découvert par Blue Star en 2022, a montré des résultats prometteurs avec quatre découvertes existantes fournissant des débits de gaz de 125-412 Mcfd avec des concentrations d'hélium de 2,0-6,1%. Les puits récents incluent State-16 (capable de produire jusqu'à 441 Mcfd avec 1,9% d'hélium), Jackson-31 (débit naturel d'environ 250 Mcfd) et Jackson-4 (résultats en attente).
Selon l'accord de participation, Helium One financera les premiers 450 000 USD du puits Jackson-29. Le projet bénéficie de la proximité du projet d'hélium Red Rocks, propriété de tiers, et des travaux d'ingénierie en cours pour l'élimination du CO2 et le traitement de l'hélium.
Helium One Global (HLOGF) gibt den Beginn der Bohrungen des Entwicklungsbohrlochs Jackson-29 in seinem Galactica-Heliumprojekt im Las Animas County, Colorado, bekannt, wo es einen Arbeitsanteil von 50% hält. Das Bohrloch zielt auf die Lyons-Sandstein-Formation ab und wird einer Drahtseilmessung unterzogen, gefolgt von Durchfluss- und Druckmessungen.
Die Galactica/Pegasus-Entwicklung, die 2022 von Blue Star entdeckt wurde, hat vielversprechende Ergebnisse gezeigt, wobei vier bestehende Entdeckungen Gasflüsse von 125-412 Mcfd mit Heliumkonzentrationen von 2,0-6,1% liefern. Zu den aktuellen Bohrlöchern gehören State-16 (in der Lage, bis zu 441 Mcfd mit 1,9% Helium zu produzieren), Jackson-31 (natürliche Flussrate von ~250 Mcfd) und Jackson-4 (Ergebnisse stehen aus).
Im Rahmen des Farm-in-Vertrags wird Helium One die ersten 450.000 USD des Bohrlochs Jackson-29 finanzieren. Das Projekt profitiert von der Nähe zum von Dritten betriebenen Red Rocks-Heliumprojekt und den laufenden Ingenieurtätigkeiten zur CO2-Entfernung und Heliumverarbeitung.
- High helium concentrations of 2.0-6.1% across existing discoveries
- Strong gas flow rates of 125-412 Mcfd from previous wells
- State-16 well capable of producing up to 441 Mcfd
- Jackson-31 showing promising natural flow rate of 250 Mcfd
- Company must fund initial US$450,000 of Jackson-29 well development
- Production rates for new Jackson-29 well still uncertain
LONDON, GB / ACCESS Newswire / March 31, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-29 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-29 SWNW 3054 development well at its Galactica helium project in Las Animas County, Colorado.
The shallow conductor section 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 Target 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-29 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. Four existing discoveries at Galactica/Pegasus (JXSN-1 to JXSN-4) have delivered gas flows of 125 to 412 thousand cubic feet per day ("Mcfd") to 412 Mcfd with high helium concentrations of between
Blue Star further appraised the discovery of the State-16 well which was drilled in June 2024, as well as the Jackson-31 well (February 2025) and Jackson-4 well (March 2025).
Independent engineering consultants advised that State-16 is capable of producing up to 441 Mcfd with more stabilised rates constrained for production optimisation, projected to be between 250 Mcfd and 350 Mcfd. The well tested
The Jackson-31 well has shown a natural flow rate of approximately 250 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd. Results are still pending on the Jackson-4 well.
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.
Blue Star has been advancing engineering work on Galactica related to CO2 removal, purification and sale prior to helium processing via the IACX helium recovery unit. Engineering and market analysis continues to optimize development configurations, production forecasts, and cost estimates.
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
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 Liberum Limited (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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What are the helium concentration levels in HLOGF's Galactica-Pegasus project?
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