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Helium One Global Ltd - Jackson-31 Drilling Update Galactica Project

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Helium One Global (HLOGF) reports that drilling operations are advancing at the Jackson-31 well location in Las Animas County, Colorado, part of the Galactica Project where the company holds a 50% working interest. Blue Star Helium, the project operator, has confirmed the mobilization of the drilling rig and is currently rigging up at the site.

The development follows the completion of site works and delivery of all casing, as previously announced on January 15, 2025. Drilling operations are expected to commence shortly after the rigging up process is completed.

The company also maintains its flagship Rukwa Project in Tanzania, where it recently achieved success with the Itumbula West-1 well, which flowed 5.5% helium continuously to surface in Q3 2024. Following this success, Helium One has filed a Mining License application with the Tanzanian Government.

Helium One Global (HLOGF) riporta che le operazioni di perforazione stanno avanzando nella località del pozzo Jackson-31 nella contea di Las Animas, Colorado, parte del Progetto Galactica dove l'azienda detiene un interesse lavorativo del 50%. Blue Star Helium, l'operatore del progetto, ha confermato la mobilitazione della trivella ed è attualmente impegnata nell'allestimento del sito.

Questo sviluppo segue il completamento dei lavori di sito e la consegna di tutte le tubazioni, come annunciato in precedenza il 15 gennaio 2025. Le operazioni di perforazione dovrebbero iniziare poco dopo il completamento del processo di allestimento.

L'azienda mantiene anche il suo progetto di punta Rukwa in Tanzania, dove ha recentemente ottenuto successo con il pozzo Itumbula West-1, che ha fatto affluire continuamente il 5,5% di elio in superficie nel terzo trimestre del 2024. A seguito di questo successo, Helium One ha presentato una domanda di licenza mineraria al governo tanzaniano.

Helium One Global (HLOGF) informa que las operaciones de perforación están avanzando en la ubicación del pozo Jackson-31 en el condado de Las Animas, Colorado, parte del Proyecto Galactica donde la empresa posee un interés de trabajo del 50%. Blue Star Helium, el operador del proyecto, ha confirmado la movilización de la plataforma de perforación y actualmente está en proceso de instalación en el sitio.

Este desarrollo sigue a la finalización de los trabajos en el sitio y la entrega de todos los revestimientos, como se anunció anteriormente el 15 de enero de 2025. Se espera que las operaciones de perforación comiencen poco después de que se complete el proceso de instalación.

La empresa también mantiene su proyecto insignia Rukwa en Tanzania, donde recientemente tuvo éxito con el pozo Itumbula West-1, que fluyó un 5.5% de helio de forma continua hacia la superficie en el tercer trimestre de 2024. Tras este éxito, Helium One ha presentado una solicitud de licencia minera al gobierno tanzano.

Helium One Global (HLOGF)는 콜로라도주 라스 아니마스 카운티의 잭슨-31 우물 위치에서 드릴링 작업이 진행되고 있다고 보고했습니다. 이 지역은 회사가 50%의 작업 지분을 보유하고 있는 갈락티카 프로젝트의 일부입니다. Blue Star Helium, 프로젝트 운영자는 드릴링 리그의 이동을 확인했으며 현재 현장에서 장비를 설치하고 있습니다.

이 개발은 2025년 1월 15일에 이전에 발표된 대로 현장 작업과 모든 케이싱의 배송 완료를 따른 것입니다. 장비 설치 과정이 완료된 후 곧 드릴링 작업이 시작될 것으로 예상됩니다.

회사는 또한 탄자니아의 대표 프로젝트인 루크와 프로젝트를 유지하고 있으며, 최근 2024년 3분기 동안 이튬불라 웨스트-1 우물에서 5.5%의 헬륨을 지속적으로 표면으로 흘러보냈습니다. 이 성공을 바탕으로 Helium One은 탄자니아 정부에 광산 라이센스 신청서를 제출했습니다.

Helium One Global (HLOGF) rapporte que les opérations de forage avancent sur le site du puits Jackson-31 dans le comté de Las Animas, Colorado, qui fait partie du projet Galactica, où l'entreprise détient un intérêt de travail de 50 %. Blue Star Helium, l'opérateur du projet, a confirmé la mobilisation de la foreuse et est actuellement en train de l'installer sur le site.

Ce développement fait suite à l'achèvement des travaux sur site et à la livraison de tous les revêtements, comme annoncé précédemment le 15 janvier 2025. Les opérations de forage devraient commencer peu après la fin du processus d'installation.

L'entreprise maintient également son projet phare Rukwa en Tanzanie, où elle a récemment connu du succès avec le puits Itumbula West-1, qui a produit 5,5 % d'hélium en continu à la surface au troisième trimestre 2024. Suite à ce succès, Helium One a déposé une demande de licence minière auprès du gouvernement tanzanien.

Helium One Global (HLOGF) berichtet, dass die Bohrarbeiten am Standort des Jackson-31-Brunnens im Las Animas County, Colorado, voranschreiten, der Teil des Galactica-Projekts ist, an dem das Unternehmen einen Arbeitsanteil von 50 % hält. Blue Star Helium, der Projektbetreiber, hat die Mobilisierung der Bohranlage bestätigt und ist derzeit dabei, diese am Standort aufzubauen.

Diese Entwicklung folgt dem Abschluss der Standortarbeiten und der Lieferung aller Rohre, wie zuvor am 15. Januar 2025 angekündigt. Die Bohrarbeiten sollen kurz nach Abschluss des Aufbaus beginnen.

Das Unternehmen hält auch sein Flaggschiffprojekt Rukwa in Tansania aufrecht, wo es kürzlich mit dem Itumbula West-1-Brunnen Erfolg hatte, der im dritten Quartal 2024 kontinuierlich 5,5 % Helium an die Oberfläche förderte. Nach diesem Erfolg hat Helium One einen Antrag auf eine Bergbaulizenz beim tansanischen Staat eingereicht.

Positive
  • Successful mobilization of drilling rig at Jackson-31 well
  • Recent success at Rukwa Project with 5.5% helium flow from Itumbula West-1
  • Mining License application filed in Tanzania following successful well test
Negative
  • None.

LONDON, UNITED KINGDOM / ACCESS Newswire / February 12, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX: BNL) ("Blue Star") announcement issued today regarding the Galactica Project.

Summary

  • Drilling rig mobilised and rigging up at Jackson-31

Blue Star have announced that the drilling rig has been mobilised to the Jackson 31 well location in Las Animas County, Colorado and is currently in the process of rigging up. This follows the completion of site works and delivery of all casing to site, as previously announced on 15 January 2025.

Drilling operations are expected to commence shortly after rigging up is completed.

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

Panmure LiberumLimited (Nominated Adviser and Joint Broker)
Scott Mathieson
Nikhil Varghese

+44 20 3100 2000

Zeus Capital Limited (Joint Broker)
Simon Johnson
Louisa Waddell

+44 20 3829 5000

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 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis.

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 5.5% helium continually to surface in Q3 2024.

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 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL).

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 HLOGF's Jackson-31 well drilling operations in Colorado?

The drilling rig has been mobilized to the Jackson-31 well location in Las Animas County, Colorado, and is currently rigging up. Drilling operations are expected to commence shortly after rigging up is completed.

What is HLOGF's ownership stake in the Galactica Project?

Helium One Global holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, with Blue Star Helium as the project operator.

What were the results of HLOGF's Itumbula West-1 well test in Tanzania?

The Itumbula West-1 well successfully flowed 5.5% helium continuously to surface during an extended well test in Q3 2024.

What regulatory steps has HLOGF taken following its successful well test in Tanzania?

Following the successful extended well test, Helium One has filed a Mining License application with the Mining Commission of the Tanzanian Government.

What is the size of HLOGF's Rukwa Project in Tanzania?

The Rukwa Project covers 1,664km² in south-west Tanzania.

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