Helium One Global Ltd Announces Jackson-31 Well Drilled to TD & Free Gas Confirmed
Helium One Global (HLOGF) reports successful drilling of the Jackson-31 well at the Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well reached a total depth of 1,210ft with confirmed free gas presence.
The well encountered 57ft of high-quality gas-saturated Upper Lyons Sandstone Formation with 22-26% porosity. Natural gas flow was observed during drilling, demonstrating strong reservoir communication. The formation is expected to contain more than 100ft of gas column above the gas-water contact.
The Galactica/Pegasus development, discovered in 2022, has shown promising results from previous wells (JXSN-1 to JXSN-4) with gas flows of 125 to 412 Mcfd and helium concentrations between 2.0% and 6.1%. The recent State-16 well, drilled in June 2024, showed production capability up to 441 Mcfd with 1.9% helium content.
Helium One Global (HLOGF) riporta il successo della perforazione del pozzo Jackson-31 nel progetto di sviluppo di elio Galactica-Pegasus in Colorado, dove detiene una partecipazione lavorativa del 50%. Il pozzo ha raggiunto una profondità totale di 1.210 piedi con confermata presenza di gas libero.
Il pozzo ha incontrato 57 piedi di formazione di arenaria Upper Lyons altamente qualitativa e satura di gas con una porosità del 22-26%. Durante la perforazione è stato osservato un flusso di gas naturale, dimostrando una forte comunicazione del serbatoio. Si prevede che la formazione contenga oltre 100 piedi di colonna di gas sopra il contatto gas-acqua.
Lo sviluppo Galactica/Pegasus, scoperto nel 2022, ha mostrato risultati promettenti dai pozzi precedenti (JXSN-1 a JXSN-4) con flussi di gas da 125 a 412 Mcfd e concentrazioni di elio tra il 2,0% e il 6,1%. Il recente pozzo State-16, perforato a giugno 2024, ha mostrato una capacità di produzione fino a 441 Mcfd con un contenuto di elio dell'1,9%.
Helium One Global (HLOGF) informa sobre la exitosa perforación del pozo Jackson-31 en el proyecto de desarrollo de helio Galactica-Pegasus en Colorado, donde posee un interés de trabajo del 50%. El pozo alcanzó una profundidad total de 1,210 pies con presencia confirmada de gas libre.
El pozo encontró 57 pies de formación de arenisca Upper Lyons saturada de gas de alta calidad con una porosidad del 22-26%. Se observó flujo de gas natural durante la perforación, demostrando una fuerte comunicación del reservorio. Se espera que la formación contenga más de 100 pies de columna de gas por encima del contacto gas-agua.
El desarrollo Galactica/Pegasus, descubierto en 2022, ha mostrado resultados prometedores de pozos anteriores (JXSN-1 a JXSN-4) con flujos de gas de 125 a 412 Mcfd y concentraciones de helio entre el 2.0% y el 6.1%. El reciente pozo State-16, perforado en junio de 2024, mostró una capacidad de producción de hasta 441 Mcfd con un contenido de helio del 1.9%.
Helium One Global (HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 개발 프로젝트에서 Jackson-31 우물의 성공적인 시추를 보고했습니다. 이 프로젝트에서 HLOGF는 50%의 작업 지분을 보유하고 있습니다. 이 우물은 총 깊이 1,210피트를 도달하였으며, 자유 가스의 존재가 확인되었습니다.
우물에서는 22-26%의 다공성을 가진 고품질 가스 포화 Upper Lyons 사암층 57피트가 발견되었습니다. 시추 중 자연 가스 흐름이 관찰되어 강력한 저수지 통신을 입증했습니다. 이 형성은 가스-물 접촉면 위에 100피트 이상의 가스 기둥을 포함할 것으로 예상됩니다.
2022년에 발견된 Galactica/Pegasus 개발은 이전 우물(JXSN-1에서 JXSN-4까지)에서 125에서 412 Mcfd의 가스 흐름과 2.0%에서 6.1% 사이의 헬륨 농도를 보여주며 유망한 결과를 보였습니다. 2024년 6월에 시추된 최근 State-16 우물은 1.9%의 헬륨 함량으로 최대 441 Mcfd의 생산 능력을 보여주었습니다.
Helium One Global (HLOGF) annonce le succès du forage du puits Jackson-31 dans le projet de développement d'hélium Galactica-Pegasus au Colorado, où il détient un intérêt de travail de 50%. Le puits a atteint une profondeur totale de 1 210 pieds avec une présence confirmée de gaz libre.
Le puits a rencontré 57 pieds de formation de grès Upper Lyons saturée de gaz de haute qualité avec une porosité de 22-26%. Un flux de gaz naturel a été observé pendant le forage, démontrant une forte communication du réservoir. On s'attend à ce que la formation contienne plus de 100 pieds de colonne de gaz au-dessus du contact gaz-eau.
Le développement Galactica/Pegasus, découvert en 2022, a montré des résultats prometteurs des puits précédents (JXSN-1 à JXSN-4) avec des flux de gaz de 125 à 412 Mcfd et des concentrations d'hélium entre 2,0% et 6,1%. Le récent puits State-16, foré en juin 2024, a montré une capacité de production allant jusqu'à 441 Mcfd avec un contenu en hélium de 1,9%.
Helium One Global (HLOGF) berichtet über die erfolgreiche Bohrung des Jackson-31-Brunnens im Galactica-Pegasus-Helenentwicklungsprojekt in Colorado, wo es einen Arbeitsanteil von 50% hält. Der Brunnen erreichte eine Gesamttiefe von 1.210 Fuß mit bestätigter freier Gaspräsenz.
Der Brunnen traf auf 57 Fuß hochqualitative, gasgesättigte Upper Lyons Sandsteinformation mit einer Porosität von 22-26%. Während der Bohrung wurde ein natürlicher Gasfluss beobachtet, was auf eine starke Reservoirkommunikation hinweist. Es wird erwartet, dass die Formation mehr als 100 Fuß Gas-Säule über dem Gas-Wasser-Kontakt enthält.
Die Entwicklung Galactica/Pegasus, die 2022 entdeckt wurde, hat vielversprechende Ergebnisse aus vorherigen Brunnen (JXSN-1 bis JXSN-4) mit Gasflüssen von 125 bis 412 Mcfd und Heliumkonzentrationen zwischen 2,0% und 6,1% gezeigt. Der kürzlich gebohrte State-16-Brunnen, der im Juni 2024 gebohrt wurde, zeigte eine Produktionsfähigkeit von bis zu 441 Mcfd mit einem Heliumgehalt von 1,9%.
- Successful gas discovery in Jackson-31 well with 57ft of high-quality formation
- Strong natural gas flow demonstrated during drilling
- High porosity rates of 22-26% indicating good reservoir quality
- Previous wells showed substantial helium concentrations (2.0-6.1%)
- Laboratory analysis of helium concentration pending for Jackson-31 well
- Well completion and production facilities still needed before commercialization
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
Jackson-31 Well Drilled to TD and Free Gas Confirmed
LONDON, UNITED KINGDOM / ACCESS Newswire / March 3, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Jackson-31 well successfully drilled to total depth ("TD") of 1,210ft (368.8m) measured depth ("MD") with free gas confirmed by wireline logs
Well flowed naturally during drilling and at TD, demonstrating strong reservoir communication
The well encountered 57ft (17m) gross pay of high-quality (22
-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated Upper Lyons Sandstone FormationSamples sent to laboratory for analyses of helium and CO2 concentrations
Well head configuration being finalised ahead of surface pressure readings and rig-less flow testing
Rig now being mobilised to the Jackson-4 well location
Blue Star is pleased to announce that the Jackson-31 SENW 3054 development well at its Galactica helium project in Las Animas County, Colorado has been successfully drilled to TD.
Lorna Blaisse, Chief Executive Officer, Commented:
"It was a pleasure to be onsite with the Blue Star team for the start of this development drilling campaign. To have encountered free gas in the Upper Lyons Sandstone Formation of Jackson-31 is a very positive start indeed and we look forward to the well test results and completion as we advance towards helium production."
CEOs Lorna Blaisse (HE1) and Trent Spry (BNL) on site at Jackson-31
Jackson-31 Well Drilling and Initial Flow Test Results
The well encountered the Lyons Formation at a depth of 1,153 ft (351m) MD and was completed 57 feet (17m) into the Upper Lyons Sandstone Formation at 1,210 ft (368m) MD. No water was encountered whilst drilling the Upper Lyons Formation, as confirmed by wireline logs. Based on offset wells (JXSN-3 and Denton-B1), it is expected that the entire Upper Lyons Sandstone Formation will be gas saturated as will a significant portion of the Lower Lyons Sandstone Formation, suggesting more than 100ft of gas column above the expected gas-water contact.
This well targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation and this appears to be well connected to the entire gas column. Petrophysics from offset wellsJXSN-1,-2,-3,-4 and Sate-16 indicate average porosity ranges 22
The Jackson-31 well flowed naturally during drilling and at TD, which has demonstrated strong reservoir communication. The well head installation is being completed ahead of surface pressure readings and flow testing.
Gas samples have been acquired and have been sent for laboratory analyses and measurement of helium and CO2 concentrations.
It is anticipated that, upon successful open hole testing at Jackson-31, the well will be completed, ready to be tied-in to production facilities.
The rig is now being mobilised to the Jackson-4 L4 3154 well location.
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 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 | +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 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 are the initial drilling results of Helium One's (HLOGF) Jackson-31 well in Colorado?
What are the helium concentration levels in HLOGF's Galactica-Pegasus project wells?
What is the expected gas production rate from HLOGF's State-16 well?
How much of the Galactica-Pegasus project does HLOGF own?
