Helium One Global Ltd Announces State-16 Well, Galactica Project Update
Helium One Global (HLOGF) reports increased helium concentrations at its State-16 development well in the Galactica Project, Colorado, where it holds a 50% working interest. New samples show 2.17% helium concentration, a significant increase from the previously reported 1.65% (non air-corrected average).
The latest samples also revealed 36.26% nitrogen and 61.56% carbon dioxide composition. The well head pressure reached 10 psig during sampling, the highest recorded to date, indicating positive reservoir connectivity. The well is now completed for production facility tie-in.
Additionally, the company maintains its Tanzanian operations, where its flagship Rukwa Project recently demonstrated success with the Itumbula West-1 discovery, flowing 5.5% helium continuously to surface in Q3 2024. The company has subsequently filed and received approval for a Mining License from the Tanzanian Government.
Helium One Global (HLOGF) riporta un aumento delle concentrazioni di elio nel suo pozzo di sviluppo State-16 nel Progetto Galactica, Colorado, dove detiene un interesse lavorativo del 50%. Nuovi campioni mostrano una concentrazione di elio del 2,17%, un aumento significativo rispetto al 1,65% precedentemente riportato (media non corretta per l'aria).
I campioni più recenti hanno anche rivelato una composizione di 36,26% di azoto e 61,56% di anidride carbonica. La pressione alla testa del pozzo ha raggiunto 10 psig durante il campionamento, il valore più alto registrato fino ad oggi, indicando una connettività positiva del serbatoio. Il pozzo è ora completato per il collegamento all'impianto di produzione.
Inoltre, l'azienda mantiene le sue operazioni in Tanzania, dove il suo progetto di punta Rukwa ha recentemente dimostrato successo con la scoperta di Itumbula West-1, che ha fatto affluire continuamente il 5,5% di elio in superficie nel terzo trimestre del 2024. L'azienda ha successivamente presentato e ricevuto l'approvazione per una Licenza Mineraria dal Governo Tanzaniano.
Helium One Global (HLOGF) informa sobre el aumento de concentraciones de helio en su pozo de desarrollo State-16 en el Proyecto Galactica, Colorado, donde tiene un interés de trabajo del 50%. Nuevas muestras muestran una concentración de helio del 2,17%, un aumento significativo desde el 1,65% reportado anteriormente (promedio no corregido por aire).
Las muestras más recientes también revelaron una composición de 36,26% de nitrógeno y 61,56% de dióxido de carbono. La presión en la cabeza del pozo alcanzó 10 psig durante el muestreo, el valor más alto registrado hasta la fecha, lo que indica una conectividad positiva del reservorio. El pozo ahora está completado para la conexión con la instalación de producción.
Además, la empresa mantiene sus operaciones en Tanzania, donde su proyecto insignia Rukwa ha demostrado recientemente éxito con el descubrimiento de Itumbula West-1, que fluyó continuamente un 5,5% de helio a la superficie en el tercer trimestre de 2024. La empresa ha presentado y recibido aprobación para una Licencia de Minería del Gobierno Tanzano.
Helium One Global (HLOGF)는 콜로라도의 Galactica 프로젝트에 있는 State-16 개발 우물에서 헬륨 농도가 증가했다고 보고했습니다. 이곳에서 회사는 50%의 작업 이익을 보유하고 있습니다. 새로운 샘플에서 헬륨 농도 2.17%가 나타났으며, 이는 이전에 보고된 1.65% (공기 보정 평균)에서 상당히 증가한 수치입니다.
최신 샘플은 또한 36.26%의 질소와 61.56%의 이산화탄소 조성을 밝혔습니다. 샘플링 중 우물의 압력은 10 psig에 도달했으며, 이는 지금까지 기록된 가장 높은 수치로, 긍정적인 저수지 연결성을 나타냅니다. 우물은 이제 생산 시설과의 연결을 위해 완료되었습니다.
또한, 회사는 탄자니아에서의 운영을 유지하고 있으며, 최근 Rukwa 프로젝트가 Itumbula West-1 발견으로 성공을 거두어 2024년 3분기에 5.5%의 헬륨이 지속적으로 표면으로 유출되었습니다. 회사는 이후 탄자니아 정부로부터 광업 면허에 대한 승인도 받았습니다.
Helium One Global (HLOGF) fait état d'une augmentation des concentrations d'hélium dans son puits de développement State-16 dans le projet Galactica, Colorado, où il détient un intérêt de travail de 50%. De nouveaux échantillons montrent une concentration d'hélium de 2,17%, une augmentation significative par rapport à 1,65% précédemment rapporté (moyenne non corrigée pour l'air).
Les derniers échantillons ont également révélé une composition de 36,26% d'azote et 61,56% de dioxyde de carbone. La pression au niveau du puits a atteint 10 psig lors de l'échantillonnage, le niveau le plus élevé enregistré à ce jour, indiquant une connectivité positive du réservoir. Le puits est maintenant achevé pour la connexion à l'installation de production.
De plus, l'entreprise maintient ses opérations en Tanzanie, où son projet phare Rukwa a récemment montré du succès avec la découverte d'Itumbula West-1, qui a fait circuler 5,5% d'hélium en continu à la surface au troisième trimestre 2024. L'entreprise a ensuite déposé une demande et obtenu l'approbation d'une licence minière auprès du gouvernement tanzanien.
Helium One Global (HLOGF) berichtet über erhöhte Heliumkonzentrationen in seinem Entwicklungsbohrloch State-16 im Galactica-Projekt in Colorado, wo es einen Arbeitsanteil von 50% hält. Neue Proben zeigen eine Heliumkonzentration von 2,17%, was einen signifikanten Anstieg gegenüber den zuvor berichteten 1,65% (nicht luftkorrigierter Durchschnitt) darstellt.
Die neuesten Proben zeigten auch eine Zusammensetzung von 36,26% Stickstoff und 61,56% Kohlendioxid. Der Druck am Bohrkopf erreichte während der Probenahme 10 psig, der höchste bisher aufgezeichnete Wert, was auf eine positive Reservoirvernetzung hinweist. Der Bohrloch ist nun für die Anbindung an die Produktionsanlage abgeschlossen.
Darüber hinaus hält das Unternehmen seine Aktivitäten in Tansania aufrecht, wo sein Flaggschiffprojekt Rukwa kürzlich mit der Entdeckung von Itumbula West-1 erfolgreich war und im 3. Quartal 2024 kontinuierlich 5,5% Helium an die Oberfläche floß. Das Unternehmen hat anschließend einen Antrag auf eine Bergbaulizenz beim tansanischen Staat eingereicht und genehmigt bekommen.
- Helium concentration increased to 2.17% from 1.65% at State-16 well
- Highest recorded well head pressure of 10 psig indicates good reservoir connectivity
- Well completed and ready for production facility tie-in
- Successful Tanzanian operations with 5.5% helium flow at Itumbula West-1
- Mining License approved by Tanzanian Government
- None.
LONDON, UK / ACCESS Newswire / March 6, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
New samples from the State-16 well show a helium concentration of
2.17% , representing a material increase from the previously reported non air-corrected average of1.65% The new samples also show
36.26% nitrogen and61.56% carbon dioxideThe well head pressure was recorded at 10 psig during sampling, the highest observed at the well to date, indicating encouraging reservoir connectivity
Gas samples obtained from Jackson-31 still being analysed
Details
The Company is pleased to announce a significant increase in helium concentrations measured at the State-16 development well at the Galactica Project in Las Animas County, Colorado.
The State-16 well, which is part of the Galactica Project, was drilled in May 2024. During the current drilling campaign, Blue Star have taken the opportunity to re-sample gas from the well and have had the samples analysed by Gas Analysis Service.
Blue Star previously reported lab analysis of representative reservoir samples taken during flow testing which contained an average helium percentage of
The latest samples, taken from the well head, demonstrate a significant rise in helium concentration to
The recorded well head pressure of 10 psig is a positive indicator of reservoir connectivity and long-term flow potential.
The well is currently completed for tie-in to production facilities.
Gas samples from the recent Jackson-31 well are still being analysed.
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 ("ML") application with the Mining Commission ("MC") of the Tanzanian Government and the MC have now offered the Company an ML consistent with the ML application.
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
What is the new helium concentration reported at HLOGF's State-16 well in March 2025?
What are the current gas composition percentages at HLOGF's State-16 well?
What is the current well head pressure at HLOGF's State-16 well and what does it indicate?
What is the status of HLOGF's Itumbula West-1 well in Tanzania as of Q3 2024?
What is HLOGF's ownership stake in the Galactica-Pegasus helium project?
