Helium One Global Ltd - Jackson-29 Well Drilled to TD & Free Gas Confirmed
Helium One Global reports successful drilling of Jackson-29 well at the Galactica Project in Colorado, reaching a total depth of 1,183ft. The well encountered 61ft of high-quality gas-saturated sands with 22-26% porosity in the Upper Lyons Sandstone Formation, demonstrating strong natural flow.
The well showed no water during drilling, with wireline logs confirming gas saturation. Gas samples have been taken for laboratory analysis of helium and CO2 concentrations. Well head installation is underway for surface pressure readings and flow testing.
The Galactica/Pegasus development, discovered in 2022, has shown promising results with previous wells. Four existing discoveries delivered gas flows of 125-412 Mcfd with helium concentrations between 2.0-6.1%. Recent wells State-16 and Jackson-31 demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd respectively.
Helium One Global riporta il successo della perforazione del pozzo Jackson-29 nel Progetto Galactica in Colorado, raggiungendo una profondità totale di 1.183 piedi. Il pozzo ha incontrato 61 piedi di sabbie saturo di gas di alta qualità con una porosità del 22-26% nella Formazione Upper Lyons Sandstone, dimostrando un forte flusso naturale.
Durante la perforazione, il pozzo non ha mostrato acqua, con i log wireline che confermano la saturazione di gas. Sono stati prelevati campioni di gas per l'analisi di laboratorio delle concentrazioni di elio e CO2. È in corso l'installazione della testa del pozzo per la lettura della pressione superficiale e i test di flusso.
Lo sviluppo Galactica/Pegasus, scoperto nel 2022, ha mostrato risultati promettenti con i pozzi precedenti. Quattro scoperte esistenti hanno fornito flussi di gas di 125-412 Mcfd con concentrazioni di elio tra il 2,0 e il 6,1%. I recenti pozzi State-16 e Jackson-31 hanno dimostrato capacità di produzione fino a 441 Mcfd e 500 Mcfd rispettivamente.
Helium One Global informa sobre la exitosa perforación del pozo Jackson-29 en el Proyecto Galactica en Colorado, alcanzando una profundidad total de 1.183 pies. El pozo encontró 61 pies de arenas saturadas de gas de alta calidad con una porosidad del 22-26% en la Formación Upper Lyons Sandstone, demostrando un fuerte flujo natural.
El pozo no mostró agua durante la perforación, con los registros wireline confirmando la saturación de gas. Se han tomado muestras de gas para el análisis de laboratorio de las concentraciones de helio y CO2. Se está llevando a cabo la instalación de la cabeza del pozo para lecturas de presión superficial y pruebas de flujo.
El desarrollo Galactica/Pegasus, descubierto en 2022, ha mostrado resultados prometedores con pozos anteriores. Cuatro descubrimientos existentes entregaron flujos de gas de 125-412 Mcfd con concentraciones de helio entre 2.0-6.1%. Los pozos recientes State-16 y Jackson-31 demostraron capacidades de producción de hasta 441 Mcfd y 500 Mcfd respectivamente.
Helium One Global는 콜로라도의 갤럭티카 프로젝트에서 잭슨-29 우물의 성공적인 시추를 보고하며, 총 깊이 1,183피트에 도달했다고 전했습니다. 이 우물은 22-26%의 다공성을 가진 고품질 가스 포화 모래 61피트를 발견하여 강한 자연 흐름을 보여주었습니다.
시추 중 우물에서 물이 나타나지 않았으며, 와이어라인 로그는 가스 포화를 확인했습니다. 헬륨 및 CO2 농도의 실험실 분석을 위해 가스 샘플이 채취되었습니다. 표면 압력 측정 및 유량 테스트를 위한 우물 헤드 설치가 진행 중입니다.
2022년에 발견된 갤럭티카/페가수스 개발은 이전 우물에서 유망한 결과를 보여주었습니다. 네 개의 기존 발견에서 125-412 Mcfd의 가스 흐름이 발생했으며 헬륨 농도는 2.0-6.1% 사이였습니다. 최근 우물인 State-16과 Jackson-31은 각각 최대 441 Mcfd 및 500 Mcfd의 생산 능력을 보여주었습니다.
Helium One Global rapporte le succès du forage du puits Jackson-29 dans le projet Galactica au Colorado, atteignant une profondeur totale de 1 183 pieds. Le puits a rencontré 61 pieds de sables saturés en gaz de haute qualité avec une porosité de 22 à 26 % dans la formation Upper Lyons Sandstone, démontrant un fort débit naturel.
Le puits n'a montré aucune eau pendant le forage, les enregistrements wireline confirmant la saturation en gaz. Des échantillons de gaz ont été prélevés pour une analyse en laboratoire des concentrations d'hélium et de CO2. L'installation de la tête de puits est en cours pour des lectures de pression de surface et des tests de débit.
Le développement Galactica/Pégase, découvert en 2022, a montré des résultats prometteurs avec des puits précédents. Quatre découvertes existantes ont fourni des débits de gaz de 125 à 412 Mcfd avec des concentrations d'hélium comprises entre 2,0 et 6,1 %. Les puits récents State-16 et Jackson-31 ont démontré des capacités de production allant jusqu'à 441 Mcfd et 500 Mcfd respectivement.
Helium One Global berichtet über die erfolgreiche Bohrung des Jackson-29-Brunnens im Galactica-Projekt in Colorado, wobei eine Gesamttiefe von 1.183 Fuß erreicht wurde. Der Brunnen stieß auf 61 Fuß hochqualitativer, gasgesättigter Sandschichten mit einer Porosität von 22-26% in der Upper Lyons Sandstone Formation, was einen starken natürlichen Fluss zeigt.
Der Brunnen zeigte während der Bohrung kein Wasser, und die Wireline-Logs bestätigten die Gasgesättigung. Gasproben wurden für die Laboranalyse der Helium- und CO2-Konzentrationen entnommen. Die Installation des Brunnenkopfes für Oberflächen-Druckmessungen und Flusstests ist im Gange.
Die Entwicklung Galactica/Pegasus, die 2022 entdeckt wurde, hat vielversprechende Ergebnisse mit vorherigen Brunnen gezeigt. Vier bestehende Entdeckungen lieferten Gasflüsse von 125-412 Mcfd mit Heliumkonzentrationen zwischen 2,0 und 6,1%. Die jüngsten Brunnen State-16 und Jackson-31 zeigten Produktionsfähigkeiten von bis zu 441 Mcfd bzw. 500 Mcfd.
- Strong natural gas flow demonstrated in Jackson-29 well
- High-quality reservoir with 22-26% porosity confirmed
- No water encountered during drilling, indicating good gas saturation
- Previous wells showed significant helium concentrations (2.0-6.1%)
- Recent wells demonstrate strong production potential (up to 500 Mcfd)
- Gas sample analysis results pending, actual helium concentrations unknown
- Well testing and completion still pending
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.
LONDON, UNITED KINGDOM / ACCESS Newswire / April 10, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Jackson-29 well successfully drilled to total depth ("TD") of 1,183ft (360m) measured depth ("MD") with free gas confirmed by wireline logs
Well flowed naturally during drilling and at TD, demonstrating good reservoir communication
The well encountered 61ft (18.5m) gross pay of high-quality(22
-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone FormationSamples sent to laboratory for analyses of helium and CO2 concentrations
Well head being installed ahead of surface pressure readings and flow testing
Jackson-29 Well Drilling and Initial Flow Test Results
The well encountered the Lyons Formation at a depth of 1,122ft (342m) MD and was completed 61ft (18.5m) into the Upper Lyons Sandstone Formation at 1,183ft (360m). Thewell exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-31 and Jackson-4 wells.
Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation as well as a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. This well targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation which is well connected to the entire gas column.
During the natural flow of the well, early gas samples were taken (note, these will be contaminated from air-drilling and will require air-correcting) and are being delivered for laboratory analyses of helium and CO2 concentrations.
The well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling.
It is anticipated that, upon successful testing at Jackson-29, the well will be completed, ready to be tied-in to production facilities.
The rig will soon be mobilised to the Jackson-27 SWSE 3054 (Jackson-27) well location where pad construction is underway.
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 and the Jackson-31 well drilled in February 2025. 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
Applying the same methodology, the Jackson-31 well is capable of a maximum rate of 500 Mcfd with more stabilised rates constrained for production optimisation projected to be between 300 and 400 Mcfd.
The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project. 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.
Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US
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 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
FAQ
What are the initial drilling results of Helium One's (HLOGF) Jackson-29 well?
What are the helium concentration levels in HLOGF's Galactica Project previous wells?
What is the production capacity of HLOGF's recent State-16 well drilled in June 2024?
What are the expected production rates for HLOGF's Jackson-31 well from February 2025?
