Helium One Global Ltd Announces Jackson-4 Flow Testing and Gas Sampling Analysis
Helium One Global (HLOGF) has provided an update on the Jackson-4 L4 3154 development well at the Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. The well has demonstrated increasing natural flow rates, reaching approximately 190 thousand cubic feet per day (Mcfd), with projected stabilized flow rates expected between 250-350 Mcfd and a maximum potential of 450 Mcfd.
Initial laboratory analysis revealed helium concentrations up to 1.18% (not air corrected) and 85.93% CO2. The Jackson-4 well reached a total depth of 1,260 feet, encountering the Lyons Formation at 1,198 feet. Strong pressure build-up post-testing confirms high permeability and good reservoir communication, with calculated permeabilities ranging from 300 to 750 millidarcies.
Helium One Global (HLOGF) ha fornito un aggiornamento sul pozzo di sviluppo Jackson-4 L4 3154 nel progetto di elio Galactica-Pegasus in Colorado, dove detiene un interesse lavorativo del 50%. Il pozzo ha dimostrato tassi di flusso naturale in aumento, raggiungendo circa 190 mila piedi cubi al giorno (Mcfd), con tassi di flusso stabilizzati previsti tra 250 e 350 Mcfd e un potenziale massimo di 450 Mcfd.
L'analisi di laboratorio iniziale ha rivelato concentrazioni di elio fino a 1,18% (non corretto per l'aria) e 85,93% CO2. Il pozzo Jackson-4 ha raggiunto una profondità totale di 1.260 piedi, incontrando la Formazione Lyons a 1.198 piedi. Un forte accumulo di pressione post-test conferma l'alta permeabilità e una buona comunicazione del serbatoio, con permeabilità calcolate che variano da 300 a 750 millidarcy.
Helium One Global (HLOGF) ha proporcionado una actualización sobre el pozo de desarrollo Jackson-4 L4 3154 en el proyecto de helio Galactica-Pegasus en Colorado, donde posee un interés de trabajo del 50%. El pozo ha demostrado tasas de flujo natural en aumento, alcanzando aproximadamente 190 mil pies cúbicos por día (Mcfd), con tasas de flujo estabilizadas proyectadas entre 250 y 350 Mcfd y un potencial máximo de 450 Mcfd.
El análisis de laboratorio inicial reveló concentraciones de helio de hasta 1,18% (no corregido por aire) y 85,93% CO2. El pozo Jackson-4 alcanzó una profundidad total de 1,260 pies, encontrando la Formación Lyons a 1,198 pies. Un fuerte aumento de presión posterior a la prueba confirma la alta permeabilidad y una buena comunicación del reservorio, con permeabilidades calculadas que oscilan entre 300 y 750 milidarcy.
Helium One Global (HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 프로젝트에서 50%의 작업 지분을 보유하고 있는 Jackson-4 L4 3154 개발 우물에 대한 업데이트를 제공했습니다. 이 우물은 자연 유량이 증가하고 있으며, 약 190,000 입방피트/일 (Mcfd)에 도달했으며, 예상되는 안정화 유량은 250-350 Mcfd 사이이고 최대 잠재력은 450 Mcfd입니다.
초기 실험실 분석에서 헬륨 농도가 1.18% (공기 보정 없음) 및 85.93% CO2로 나타났습니다. Jackson-4 우물은 1,260 피트의 총 깊이에 도달했으며, 1,198 피트에서 Lyons 형성을 만났습니다. 테스트 후 강한 압력 상승은 높은 투과성과 좋은 저수지 통신을 확인하며, 계산된 투과성은 300에서 750 밀리다르시 사이입니다.
Helium One Global (HLOGF) a fourni une mise à jour sur le puits de développement Jackson-4 L4 3154 dans le projet d'hélium Galactica-Pegasus au Colorado, où elle détient un intérêt de travail de 50%. Le puits a montré des débits naturels croissants, atteignant environ 190 000 pieds cubes par jour (Mcfd), avec des débits stabilisés projetés entre 250 et 350 Mcfd et un potentiel maximum de 450 Mcfd.
Les premières analyses en laboratoire ont révélé des concentrations d'hélium allant jusqu'à 1,18% (non corrigé pour l'air) et 85,93% CO2. Le puits Jackson-4 a atteint une profondeur totale de 1 260 pieds, rencontrant la formation Lyons à 1 198 pieds. Une forte accumulation de pression après les tests confirme la haute perméabilité et une bonne communication du réservoir, avec des perméabilités calculées variant de 300 à 750 millidarcy.
Helium One Global (HLOGF) hat ein Update zum Entwicklungsbohrloch Jackson-4 L4 3154 im Heliumprojekt Galactica-Pegasus in Colorado gegeben, wo es einen Arbeitsanteil von 50% hält. Das Bohrloch hat steigende natürliche Durchflussraten gezeigt und erreichte etwa 190.000 Kubikfuß pro Tag (Mcfd), wobei die prognostizierten stabilisierten Durchflussraten zwischen 250 und 350 Mcfd liegen und ein maximales Potenzial von 450 Mcfd besteht.
Die erste Laboranalyse ergab Heliumkonzentrationen von bis zu 1,18% (nicht luftkorrigiert) und 85,93% CO2. Der Jackson-4 Bohrloch erreichte eine Gesamttiefe von 1.260 Fuß und traf bei 1.198 Fuß auf die Lyons-Formation. Der starke Druckaufbau nach den Tests bestätigt die hohe Durchlässigkeit und gute Reservoirkommunikation, mit berechneten Durchlässigkeiten von 300 bis 750 Millidarcy.
- Strong natural gas flow rates reaching 190 Mcfd with projected increase to 250-350 Mcfd
- High permeability (300-750 mD) indicating good reservoir quality
- High CO2 concentration (85.93%) beneficial for beverage-grade CO2 production
- No water encountered during drilling, confirming gas-saturated reservoir
- Lower helium concentration (1.18%) compared to northern wells
- Location in southernmost area may limit access to higher helium concentrations
LONDON, GB / ACCESS Newswire / April 1, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-4 flowed naturally during drilling and at Total Depth ("TD")
Flow rate measurements since drilling operations were completed have seen increasing natural flow increased to approximately 190 thousand cubic feet per day ("Mcfd")
Projected stabilised flow rates expected to be between 250 to 350 Mcfd constrained to optimise production, with a maximum potential projected rate of 450 Mcfd
Early gas samples have returned helium concentrations of up to
1.18% (not air corrected) and85.93% CO2 in line with expectations
Jackson-4 Gas Sampling Analysis
The Jackson-4 well reached a TD at 1,260 feet (384m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,198 feet (365m). As expected, no water was encountered during drilling of the Lyons Sandstone Formation with wireline logs confirming the penetrated Lyons Sandstone reservoir to be high-quality and gas saturated.
Flow testing since TD has revealed increasing natural flow rates, reaching approximately 190 Mcfd and strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on the previous engineering study described below, and the observed flow rates, the projected stabilised flow ratesconstrained for production optimisation are expected to be between 250 to 350 Mcfd, with a maximum of 450 Mcfd.
Initial laboratory analysis of gas samples from Jackson-4 showed a helium concentrationup to
Maintaining optimal plant throughput for beverage-grade CO2 production, requires a consistent CO2 feed. Therefore, high concentrations of CO2 are crucial to enable the necessary blending of input gas to achieve and maintain this optimal feed.
Jackson-4 Flow Testing Results
The Jackson-4 well reached a TD of 1,260 feet (384m), encountering the Lyons Formation at 1,198 feet (365m). The well was completed 62 feet (18.8m) into the Upper Lyons Sandstone Formation and wireline logs confirmed the penetrated Upper Lyons Sandstone Formation to be of high-quality and gas saturated.
The well exhibited natural gas flow during drilling and at TD. Flow testing has continued, with results demonstrating natural flow rates of approximately 190 Mcfd. Strong pressure build-up post-testing confirms high permeability and good reservoir communication.
Blue Star previously released results of an independent engineering analysis of wells in the Galactica-Pegasus project and this analysis established maximum stabilised rates and drawdown for development planning and economic modelling.
The analysis integrated results from the State-16 well with test data from the JXSN-1, JXSN-2, JXSN-3, and JXSN-4 discovery wells and compared it to public information from the adjacent Red Rocks development.
The study concluded:
Calculated permeabilities in the JXSN discovery wells and State-16 well range from 300 to 750 millidarcies ("mD")
This permeability range suggests initial flow rates at 6 pounds per square inch absolute ("psia") wellhead pressure of 334 to 780 Mcfd
The State-16 well showed a calculated permeability of 405 mD in the Upper Lyons Sandstone Formation
For State-16 (405 mD) stabilized initial flow rates constrained for production optimisation would be 250 to 350 Mcfd with a maximum of 441 Mcfd
Development planning includes considering vacuum compression ranging from 11 psia (-1 pounds per square inch gauge ("psig")) to 6 psia (-6 psig) wellhead pressure which provides the ranges above.
The Jackson-4 well has shown a natural flow rate of approximately 190 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd.
Given the higher natural flow at Jackson-4, due to greater permeability in the high-quality Upper Lyons Sandstone Formation, and the previous independent engineering study, projected potential stabilised flow rates, constrained for production optimisation, are expected to be 250 to 350 Mcfd with a maximum potential rate of 450 Mcfd.
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 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
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