Helium One Global Ltd Announces Jackson-31 Drilling Update Galactica Project
Helium One Global (AIM:HE1, OTCQB:HLOGF) provided an update on its Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. Due to winter conditions, the company's operator Blue Star Helium is gravelling roads to Jackson-31 and Jackson-4 well locations to ensure continued access during cold weather. The rig mobilization has been delayed to the week of February 10th due to anticipated snow conditions.
The drilling campaign will begin with Jackson-31 SENW 3054, followed by Jackson-4 L4 3154, with three additional approved wells pending sequence confirmation. Work continues on the Pinon Canyon processing plant, targeting first gas production in 1H 2025.
The company also maintains 100% equity in its Tanzanian projects, including the flagship Rukwa Project, where the Itumbula West-1 well successfully flowed 5.5% helium to surface in Q3 2024, leading to a Mining Licence application.
Helium One Global (AIM:HE1, OTCQB:HLOGF) ha fornito un aggiornamento sul suo progetto di elio Galactica-Pegasus in Colorado, dove detiene una partecipazione lavorativa del 50%. A causa delle condizioni invernali, l'operatore della società Blue Star Helium sta sistemando le strade verso le posizioni dei pozzi Jackson-31 e Jackson-4 per garantire un accesso continuo durante il maltempo. La mobilitazione della piattaforma perforatrice è stata ritardata alla settimana del 10 febbraio a causa delle previste condizioni di neve.
La campagna di perforazione inizierà con Jackson-31 SENW 3054, seguita da Jackson-4 L4 3154, con tre pozzi aggiuntivi approvati in attesa di conferma della sequenza. I lavori continuano presso l'impianto di lavorazione di Pinon Canyon, con l'obiettivo di iniziare la produzione di gas nella prima metà del 2025.
La società detiene anche il 100% di capitale nei suoi progetti in Tanzania, incluso il progetto di punta Rukwa, dove il pozzo Itumbula West-1 ha registrato un flusso di elio del 5,5% in superficie nel terzo trimestre del 2024, portando a una richiesta di Licenza Mineraria.
Helium One Global (AIM:HE1, OTCQB:HLOGF) proporcionó una actualización sobre su proyecto de helio Galactica-Pegasus en Colorado, donde posee un interés de trabajo del 50%. Debido a las condiciones invernales, el operador de la empresa Blue Star Helium está acondicionando caminos hacia las ubicaciones de los pozos Jackson-31 y Jackson-4 para garantizar el acceso continuo durante el clima frío. La movilización de la plataforma de perforación se ha retrasado a la semana del 10 de febrero debido a las condiciones de nieve anticipadas.
La campaña de perforación comenzará con Jackson-31 SENW 3054, seguida por Jackson-4 L4 3154, con tres pozos adicionales aprobados pendientes de confirmación de secuencia. El trabajo continúa en la planta de procesamiento de Pinon Canyon, con el objetivo de iniciar la producción de gas en la primera mitad de 2025.
La empresa también mantiene el 100% de capital en sus proyectos en Tanzania, incluido el proyecto insignia Rukwa, donde el pozo Itumbula West-1 tuvo un flujo exitoso del 5.5% de helio a la superficie en el tercer trimestre de 2024, lo que llevó a una solicitud de licencia minera.
Helium One Global (AIM:HE1, OTCQB:HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 프로젝트에 대한 업데이트를 제공했습니다. 이 프로젝트에서 회사는 50%의 작업 지분을 보유하고 있습니다. 겨울철 기상 조건으로 인해 회사의 운영업체인 Blue Star Helium은 Jackson-31 및 Jackson-4 우물 위치로 가는 도로를 자갈로 포장하여 추운 날씨에도 계속 접근할 수 있도록 하고 있습니다. 예상되는 눈으로 인해 장비 이동은 2월 10일 주로 연기되었습니다.
드릴링 캠페인은 Jackson-31 SENW 3054로 시작되며, 이어서 Jackson-4 L4 3154로 진행되며, 세 개의 추가 승인이 완료된 우물이 순서 확인을 기다리고 있습니다. Pinon Canyon 가공 공장에서의 작업은 계속 진행 중이며, 2025년 상반기에 첫 가스 생산을 목표로 하고 있습니다.
회사는 또한 탄자니아 프로젝트에서 100% 자본을 유지하고 있으며, 여기에는 주요 프로젝트인 Rukwa Project가 포함됩니다. Itumbula West-1 우물이 2024년 3분기에 5.5%의 헬륨을 지상으로 성공적으로 유출하여 광산 라이선스 신청으로 이어졌습니다.
Helium One Global (AIM:HE1, OTCQB:HLOGF) a fourni une mise à jour sur son projet d'hélium Galactica-Pegasus dans le Colorado, où elle détient un intérêt de travail de 50 %. En raison des conditions hivernales, l'opérateur de l'entreprise Blue Star Helium grave les routes vers les sites des puits Jackson-31 et Jackson-4 pour garantir un accès continu lors des intempéries. La mobilisation de la plateforme de forage a été retardée à la semaine du 10 février en raison des conditions de neige prévues.
La campagne de forage débutera avec Jackson-31 SENW 3054, suivie de Jackson-4 L4 3154, avec trois puits supplémentaires approuvés en attente de confirmation de séquence. Les travaux se poursuivent sur l'usine de traitement de Pinon Canyon, visant à produire du gaz pour la première fois au cours du premier semestre 2025.
L'entreprise détient également 100% de capital dans ses projets en Tanzanie, y compris le projet phare Rukwa, où le puits Itumbula West-1 a réussi à produire 5,5 % d'hélium à la surface au troisième trimestre 2024, conduisant à une demande de licence minière.
Helium One Global (AIM:HE1, OTCQB:HLOGF) hat ein Update zu seinem Helium-Projekt Galactica-Pegasus in Colorado gegeben, wo es eine 50%ige Beteiligung hat. Aufgrund der Winterbedingungen präpariert der Betreiber des Unternehmens, Blue Star Helium, die Straßen zu den Bohrstandorten Jackson-31 und Jackson-4, um einen kontinuierlichen Zugang bei kaltem Wetter zu gewährleisten. Die Mobilisierung der Bohranlage wurde witterungsbedingt auf die Woche vom 10. Februar verschoben.
Die Bohrkampagne wird mit Jackson-31 SENW 3054 beginnen, gefolgt von Jackson-4 L4 3154, wobei drei weitere genehmigte Bohrungen auf die Bestätigung der Reihenfolge warten. Die Arbeiten an der Verarbeitungsanlage Pinon Canyon gehen weiter, mit dem Ziel, in der ersten Hälfte des Jahres 2025 die erste Gasproduktion zu starten.
Das Unternehmen hält außerdem 100% Eigenkapital in seinen Projekten in Tansania, einschließlich des Flaggschiffprojekts Rukwa, wo der Bohrstandort Itumbula West-1 im dritten Quartal 2024 erfolgreich 5,5% Helium zur Oberfläche gefördert hat, was zu einem Antrag auf eine Bergbaulizenz führte.
- Successful helium flow of 5.5% from Itumbula West-1 well in Tanzania
- Mining License application filed with Tanzanian Government
- First gas production expected in 1H 2025 from Colorado project
- Five total approved wells in Colorado drilling campaign
- Weather-related delays in Colorado drilling operations
- Rig mobilization postponed to February 10th due to winter conditions
LONDON, UNITED KINGDOM / ACCESS Newswire / January 29, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Roads to Jackson-31 and Jackson-4 wells being gravelled to facilitate winter access
Rig mobilization to commence early-February due to weather conditions
Blue Star announced that winter conditions in Colorado have presented ongoing challenges. To ensure continued access to the well sites during cold, snow, and thaw periods, Blue Star has made the decision to gravel the roads leading to the Jackson-31 and Jackson-4 well locations. Road gravelling operations are progressing well despite recent severe winter weather impacting much of the USA.
To avoid anticipated snow and challenging weather conditions in the coming weeks, Blue Star have decided to delay the mobilization of the drilling rig to location. The rig move is now targeted for the week beginning 10 February.
The initial well in the drilling campaign remains the Jackson-31 SENW 3054, followed by the Jackson-4 L4 3154. The campaign includes three additional approved wells, with the final drilling sequence to be confirmed after the completion of Jackson-4.
Work is continuing on the permitting and engineering for the Pinon Canyon processing plant in anticipation of first gas production in 1H 2025.
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For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director | +44 20 7920 3150 |
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Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese | +44 20 3100 2000 |
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Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell | +44 20 3829 5000 |
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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
The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin covering 1,664km2 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 has now flowed significant quantities of helium to surface and has filed a Mining Licence application with the Mining Commission of the Tanzanian Government.
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.
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SOURCE: Helium One Global Ltd
View the original press release on ACCESS Newswire
FAQ
When will Helium One (HLOGF) begin drilling operations at Jackson-31 well in Colorado?
What is the helium flow rate achieved at Helium One's Itumbula West-1 well in Tanzania?
When is Helium One (HLOGF) expecting first gas production from its Colorado Galactica Project?
How many wells are approved for drilling in Helium One's Colorado Galactica Project?
What is Helium One's (HLOGF) ownership stake in the Galactica-Pegasus project?
