Helium One Global Ltd Announces Jackson-31 Intermediate Section Drilled
Helium One Global (HLOGF) reports progress on the Jackson-31 development 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 1,080 feet and is currently undergoing casing and cementing.
The next steps include conducting a cement bond log (CBL) followed by drilling into the targeted Lyons Sandstone Formation helium reservoir. Upon completion, the well will undergo wireline logging and wellhead installation for flow and pressure readings.
The broader 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 between 2.0-6.1%. The recent State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Helium One Global (HLOGF) riporta progressi sul pozzo di sviluppo Jackson-31 nel progetto di elio Galactica-Pegasus in Colorado, dove detiene una partecipazione lavorativa del 50%. La sezione intermedia del pozzo è stata perforata con successo fino a 1.080 piedi e attualmente è in fase di cementazione e installazione del rivestimento.
I prossimi passi includono la realizzazione di un log di legame del cemento (CBL), seguita dalla perforazione nel serbatoio di elio della formazione Lyons Sandstone. Una volta completato, il pozzo subirà un logging wireline e l'installazione della testata per letture di flusso e pressione.
Il più ampio sviluppo Galactica-Pegasus, scoperto da Blue Star nel 2022, ha mostrato risultati promettenti con quattro scoperte esistenti che forniscono flussi di gas tra 125 e 412 Mcfd con concentrazioni di elio comprese tra il 2,0 e il 6,1%. Il recente pozzo State-16, perforato a giugno 2024, ha dimostrato una capacità produttiva di fino a 441 Mcfd con un contenuto di elio dell'1,9% e ha identificato oltre 96 piedi di colonna di gas.
Helium One Global (HLOGF) informa sobre el progreso en el pozo de desarrollo Jackson-31 en el proyecto de helio Galactica-Pegasus en Colorado, donde posee un interés de trabajo del 50%. La sección intermedia del pozo ha sido perforada con éxito hasta 1,080 pies y actualmente se encuentra en proceso de revestimiento y cementación.
Los próximos pasos incluyen realizar un registro de unión de cemento (CBL), seguido de la perforación en el reservorio de helio de la formación Lyons Sandstone. Una vez completado, el pozo se someterá a un registro wireline y a la instalación de la cabeza del pozo para lecturas de flujo y presión.
El más amplio desarrollo Galactica-Pegasus, descubierto por Blue Star en 2022, ha mostrado resultados prometedores con cuatro descubrimientos existentes que ofrecen flujos de gas de 125 a 412 Mcfd con concentraciones de helio entre el 2.0 y el 6.1%. El reciente pozo State-16, perforado en junio de 2024, demostró una capacidad de producción de hasta 441 Mcfd con un contenido de helio del 1.9% y se identificaron más de 96 pies de columna de gas.
Helium One Global (HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 프로젝트에서 Jackson-31 개발 우물에 대한 진행 상황을 보고합니다. 이 프로젝트에서 HLOGF는 50%의 작업 지분을 보유하고 있습니다. 중간 구멍 섹션은 성공적으로 1,080피트까지 드릴링되었으며 현재 케이싱 및 시멘트 작업이 진행 중입니다.
다음 단계로는 시멘트 결합 로그(CBL)를 수행한 후 목표로 하는 라이온스 샌드스톤 형성 헬륨 저수지로 드릴링을 진행할 예정입니다. 완료 후, 우물은 와이어라인 로깅 및 유량 및 압력 측정을 위한 웰헤드 설치를 거치게 됩니다.
더 넓은 Galactica-Pegasus 개발는 2022년 Blue Star에 의해 발견되었으며, 2.0-6.1%의 헬륨 농도를 가진 125-412 Mcfd의 가스 흐름을 제공하는 네 개의 기존 발견으로 유망한 결과를 보여주었습니다. 2024년 6월에 드릴링된 최근 State-16 우물은 1.9%의 헬륨 함량으로 최대 441 Mcfd의 생산 능력을 보여주었으며 96피트 이상의 가스 기둥을 확인했습니다.
Helium One Global (HLOGF) fait état des progrès réalisés sur le puits de développement Jackson-31 dans le projet d'hélium Galactica-Pegasus au Colorado, où il détient un intérêt de travail de 50 %. La section intermédiaire du puits a été forée avec succès jusqu'à 1 080 pieds et est actuellement en cours de tubage et de cimentage.
Les prochaines étapes comprennent la réalisation d'un enregistrement de liaison de ciment (CBL), suivi du forage dans le réservoir d'hélium de la formation Lyons Sandstone. Une fois terminé, le puits subira un enregistrement wireline et l'installation de la tête de puits pour des mesures de débit et de pression.
Le développement plus large de Galactica-Pegasus, découvert par Blue Star en 2022, a montré des résultats prometteurs avec quatre découvertes existantes fournissant des flux de gaz de 125 à 412 Mcfd avec des concentrations d'hélium comprises entre 2,0 et 6,1 %. Le récent puits State-16, foré en juin 2024, a démontré une capacité de production allant jusqu'à 441 Mcfd avec un contenu en hélium de 1,9 % et a identifié plus de 96 pieds de colonne de gaz.
Helium One Global (HLOGF) berichtet über Fortschritte beim Entwicklungsbohrloch Jackson-31 im Galactica-Pegasus Helium-Projekt in Colorado, wo es eine Arbeitsbeteiligung von 50% hält. Der Zwischenlochabschnitt wurde erfolgreich bis auf 1.080 Fuß gebohrt und befindet sich derzeit in der Phase der Verrohrung und Zementierung.
Die nächsten Schritte umfassen die Durchführung eines Zementbindungslogs (CBL), gefolgt von der Bohrung in das angestrebte Heliumreservoir der Lyons Sandstone Formation. Nach Abschluss wird das Bohrloch einer Wireline-Logging und der Installation des Bohrkopfes zur Messung von Durchfluss und Druck unterzogen.
Die umfassendere Galactica-Pegasus-Entwicklung, die 2022 von Blue Star entdeckt wurde, hat vielversprechende Ergebnisse gezeigt, mit vier bestehenden Entdeckungen, die Gasströme von 125 bis 412 Mcfd bei Heliumkonzentrationen von 2,0 bis 6,1% liefern. Der kürzlich gebohrte State-16-Brunnen, der im Juni 2024 gebohrt wurde, zeigte eine Produktionskapazität von bis zu 441 Mcfd mit einem Heliumgehalt von 1,9% und identifizierte über 96 Fuß Gas-Säule.
- Successfully drilled Jackson-31 intermediate section to 1,080 feet
- High helium concentrations (2.0-6.1%) across existing discoveries
- Strong gas flow rates (125-412 Mcfd) from previous wells
- State-16 well capable of producing up to 441 Mcfd
- None.
LONDON, UK / ACCESS Newswire / February 26, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Jackson-31 intermediate hole section successfully drilled to casing point
Casing and cementing currently in progress
Next steps will be to cement bond log ("CBL") then drill out into the targeted Lyons Sandstone Formation helium reservoir to drilling total depth ("TD")
The Company is pleased to announce that the intermediate hole section of the Jackson-31 SENW 3054 development well has been successfully drilled to 1,080 feet, and casing is now being run.
The photos above show drilling of intermediate hole section
After running casing, a CBL run will be undertaken to confirm good bonding, followed by further drilling into the target Lyons Sandstone Formation to planned TD at the base of the Upper Lyons Sandstone Formation (production hole section).
At TD, the well will be wireline logged after which a well head will be fitted to provide flow and pressure readings.
It is anticipated that, upon successful testing at Jackson-31, the well will be completed and ready to be 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 helium 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 with the State-16 well which was drilled in June 2024. 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 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.
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 Liberum Limited (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.
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 Helium One's Jackson-31 development well?
What are the helium concentration levels in the Galactica-Pegasus project (HLOGF)?
What are the gas flow rates achieved at the Galactica-Pegasus helium discoveries?
When was the State-16 well drilled and what were its results?
