Helium One Global Ltd - Jackson-4 Well Drilled to TD & Free Gas Confirmed
Helium One Global (HLOGF) reports successful drilling of the Jackson-4 well at the Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well reached a total depth of 1,260ft (384m) with confirmed free gas presence.
The well encountered 62ft (18.9m) of high-quality gas-saturated sands in the Upper Lyons Sandstone Formation, with 22-26% porosity. Notable features include strong natural flow during drilling and no water encountered. Gas samples have been sent for laboratory analysis of helium and CO2 concentrations.
The Galactica/Pegasus development, discovered in 2022, has shown promising results from previous wells, with gas flows ranging from 125 to 412 Mcfd and helium concentrations between 2.0% and 6.1%. Recent wells State-16 and Jackson-31 demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd respectively.
Helium One Global (HLOGF) riporta il successo della perforazione del pozzo Jackson-4 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 1.260 piedi (384 m) con presenza di gas libero confermata.
Il pozzo ha incontrato 62 piedi (18,9 m) di sabbie sature di gas di alta qualità nella formazione Upper Lyons Sandstone, con una porosità del 22-26%. Tra le caratteristiche notevoli ci sono un forte flusso naturale durante la perforazione e l'assenza di acqua. I campioni di gas sono stati inviati per analisi di laboratorio delle concentrazioni di elio e CO2.
Lo sviluppo Galactica/Pegasus, scoperto nel 2022, ha mostrato risultati promettenti dai pozzi precedenti, con flussi di gas che variano da 125 a 412 Mcfd e concentrazioni di elio tra il 2,0% e il 6,1%. I pozzi recenti State-16 e Jackson-31 hanno dimostrato capacità di produzione fino a 441 Mcfd e 500 Mcfd rispettivamente.
Helium One Global (HLOGF) informa sobre el éxito de la perforación del pozo Jackson-4 en el proyecto de desarrollo de helio Galactica-Pegasus en Colorado, donde posee un 50% de interés de trabajo. El pozo alcanzó una profundidad total de 1,260 pies (384 m) con presencia de gas libre confirmada.
El pozo encontró 62 pies (18.9 m) de arenas saturadas de gas de alta calidad en la Formación Upper Lyons Sandstone, con una porosidad del 22-26%. Las características notables incluyen un fuerte flujo natural durante la perforación y la ausencia de agua. Se han enviado muestras de gas para análisis de laboratorio de las concentraciones de helio y CO2.
El desarrollo Galactica/Pegasus, descubierto en 2022, ha mostrado resultados prometedores de pozos anteriores, con flujos de gas que varían de 125 a 412 Mcfd y concentraciones de helio entre el 2.0% y el 6.1%. Los pozos recientes State-16 y Jackson-31 demostraron capacidades de producción de hasta 441 Mcfd y 500 Mcfd respectivamente.
Helium One Global (HLOGF)는 콜로라도의 Galactica-Pegasus 헬륨 개발 프로젝트에서 Jackson-4 우물의 성공적인 시추를 보고했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 이 우물은 총 깊이 1,260피트(384m)에 도달했으며, 자유 가스의 존재가 확인되었습니다.
우물은 Upper Lyons Sandstone Formation에서 62피트(18.9m)의 고품질 가스 포화 모래를 발견했으며, 22-26%의 다공성을 가지고 있습니다. 주목할 만한 특징으로는 시추 중 강한 자연 유동과 물의 부재가 있습니다. 가스 샘플은 헬륨 및 CO2 농도에 대한 실험실 분석을 위해 보내졌습니다.
2022년에 발견된 Galactica/Pegasus 개발은 이전 우물에서 유망한 결과를 보여주었으며, 가스 흐름은 125에서 412 Mcfd, 헬륨 농도는 2.0%에서 6.1% 사이입니다. 최근 우물인 State-16과 Jackson-31은 각각 441 Mcfd 및 500 Mcfd의 생산 능력을 보여주었습니다.
Helium One Global (HLOGF) fait état du succès du forage du puits Jackson-4 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 1 260 pieds (384 m) avec une présence de gaz libre confirmée.
Le puits a rencontré 62 pieds (18,9 m) de sables saturés en gaz de haute qualité dans la formation Upper Lyons Sandstone, avec une porosité de 22 à 26 %. Parmi les caractéristiques notables, on trouve un fort flux naturel pendant le forage et l'absence d'eau. Des échantillons de gaz ont été envoyés pour analyse en laboratoire des concentrations d'hélium et de CO2.
Le développement Galactica/Pegasus, découvert en 2022, a montré des résultats prometteurs des puits précédents, avec des flux de gaz allant de 125 à 412 Mcfd et des concentrations d'hélium 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 (HLOGF) berichtet über die erfolgreiche Bohrung des Jackson-4-Brunnens im Galactica-Pegasus-Heliumentwicklungsprojekt in Colorado, wo es einen Arbeitsanteil von 50% hält. Der Brunnen erreichte eine Gesamttiefe von 1.260 Fuß (384 m) mit bestätigter Anwesenheit von freiem Gas.
Der Brunnen stieß auf 62 Fuß (18,9 m) hochqualitativer gasgesättigter Sand in der Upper Lyons Sandstone Formation, mit einer Porosität von 22-26%. Bemerkenswerte Merkmale sind ein starker natürlicher Fluss während der Bohrung und das Fehlen von Wasser. Gasproben wurden zur Laboranalyse der Helium- und CO2-Konzentrationen gesendet.
Die Galactica/Pegasus-Entwicklung, die 2022 entdeckt wurde, hat vielversprechende Ergebnisse aus früheren Brunnen gezeigt, mit Gasflüssen von 125 bis 412 Mcfd und Heliumkonzentrationen zwischen 2,0% und 6,1%. Die jüngsten Brunnen State-16 und Jackson-31 zeigten Produktionskapazitäten von bis zu 441 Mcfd bzw. 500 Mcfd.
- Strong natural gas flow confirmed in Jackson-4 well with high-quality reservoir characteristics
- No water encountered during drilling, indicating good gas saturation
- Previous wells showed significant helium concentrations (2.0-6.1%)
- High production potential demonstrated by recent wells (up to 500 Mcfd)
- Laboratory analysis of helium concentration for Jackson-4 still pending
- Additional infrastructure needed for CO2 removal and helium processing
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 / March 24, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Jackson-4 well successfully drilled to total depth ("TD") of 1,260ft (384m) 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 62ft (18.9m) 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
Air drilling the Lyons Sandstone Formation (left) and open-hole logging at TD (right)
Jackson-4 Well Drilling and Initial Flow Test Results
The well encountered the Lyons Formation at a depth of 1,198 feet (365m) MD and was completed 62 ft (18.9m) into the Upper Lyons Sandstone Formation at 1,260 ft (384m). Thewell exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-31 well.
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-4, the well will be completed, ready to be tied-in to production facilities.
The rig will soon be mobilised to the Jackson-29 SWNW 3054 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 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.
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
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