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Overview of Helium One Global
Helium One Global is a specialist in the exploration and development of helium gas resources, operating predominantly in Tanzania and with strategic interests in helium projects in Colorado, USA. The company focuses on harnessing advanced drilling technologies and robust geological analysis to identify and develop high-quality helium deposits within resource-rich rift basins.
Core Business and Operations
At the heart of Helium One Global’s operations is its commitment to pioneering resource exploration in challenging geographies. Utilizing an integrated approach, the company has executed multiple drilling campaigns that not only validate the presence of helium but also significantly enhance the understanding of subsurface geological structures. With its own state-of-the-art drilling rig, Helium One Global has increased operational flexibility and reduced dependency on external services, thereby optimizing exploration costs and timelines.
Strategic Projects and Achievements
Helium One Global’s flagship project in the southern Rukwa Rift Basin of Tanzania exemplifies its capability to identify and progress high-potential resources. Through rigorous Phase II drilling campaigns and subsequent extended well tests, the company has confirmed the presence of helium concentrations that exceed background levels considerably. The ongoing submission of a Mining Licence application reflects the progressive steps taken to transition from exploration to development, underscoring the firm's deep technical expertise and structured project management.
The company also holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. This joint venture represents an extension of its global footprint and illustrates Helium One Global's strategy of leveraging strategic partnerships to access near-term development opportunities. The project in Colorado benefits from advanced exploration methods and proven drilling techniques, offering a complementary pathway for helium production outside the Tanzanian asset base.
Market Context and Industry Significance
Operating within an industry characterized by supply constraints and technological innovation, Helium One Global plays a crucial role in addressing the global demand for helium—a vital technology commodity used across a range of industrial and medical applications. The company's exploration initiatives are designed to deliver sustainable value by targeting resource systems with significant gas potential. By implementing cutting-edge geophysical surveys and drilling programmes, the firm has positioned itself as a knowledgeable and authoritative voice in the resource exploration landscape.
Technical and Operational Excellence
- Advanced Drilling Techniques: The acquisition of specialized drilling equipment, such as the Epiroc Predator 220, demonstrates the company's investment in technology that enables deeper and more efficient exploration campaigns.
- Geological Expertise: A team skilled in subsurface evaluation and data integration supports a rigorous appraisal of geological formations, ensuring that exploration targets are selected based on detailed seismic and petrophysical data.
- Strategic Licensing: The process of applying for and managing Mining Licences showcases the company's regulatory competence and long-term vision in resource development.
Operational Challenges and Risk Management
While the exploration of helium resources comes with inherent challenges such as variable geological conditions and regulatory uncertainties, Helium One Global mitigates these risks through systematic drilling campaigns, incorporation of robust feasibility studies, and a disciplined project management approach. Its diversified geographical portfolio, spanning operations in Tanzania and the United States, further balances the risks by tapping into distinct resource plays.
Commitment to Transparency and Expertise
Helium One Global is dedicated to maintaining high standards of transparency and technical rigor. The company communicates its progress through detailed operational reports and balanced updates. By consistently applying industry best practices and achieving significant drilling milestones, the company underlines its expertise and authoritative presence in the helium exploration sector.
Conclusion
In summary, Helium One Global stands as a technically adept and strategically focused enterprise in the exploration and development of helium. Through its commitment to operational excellence, use of advanced drilling technology, and a robust project portfolio in key geological regions, the company continues to push the boundaries of resource exploration while contributing valuable insights into a supply-constrained market. Whether examining the extensive drilling campaigns in Tanzania or its strategic joint venture in Colorado, Helium One Global embodies the principles of expertise, experience, and a methodical approach to unlocking natural resource potential.
Helium One Global has announced positive flow testing and gas sampling results from the Jackson-31 development well at its Galactica helium project in Colorado. The well, drilled to 1,210 feet, demonstrated strong natural gas flow rates reaching approximately 250 thousand cubic feet per day (Mcfd).
Initial laboratory analysis revealed helium concentrations up to 2.2% air corrected (1.9% not air corrected), with projected reservoir helium concentration expected to equilibrate to 2.3-2.5%. Based on engineering analysis, the well's projected stabilized flow rates are expected between 300-400 Mcfd, with a maximum potential of 500 Mcfd.
The well encountered high-quality, gas-saturated Lyons Sandstone Formation at 1,153 feet, with strong pressure build-up post-testing indicating high permeability and good reservoir communication. The gas composition shows approximately 69% CO2 and 29% nitrogen.
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) announces the spudding of Jackson-4 development well at its Galactica helium project in Las Animas County, Colorado, where it holds a 50% working interest. The well's shallow conductor section has been set, with BOPs being installed to drill through the intermediate hole section. The well targets the Lyons Sandstone Formation.
The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125 to 412 Mcfd with helium concentrations between 2.0% and 6.1%. The recent State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Blue Star is advancing engineering work on CO2 removal, purification, and helium processing via the IACX helium recovery unit. The project's commercial viability is further supported by the adjacent third-party owned Red Rocks helium project.
Helium One Global (HLOGF) reports successful drilling of the Jackson-31 well at the Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well reached a total depth of 1,210ft with confirmed free gas presence.
The well encountered 57ft of high-quality gas-saturated Upper Lyons Sandstone Formation with 22-26% porosity. Natural gas flow was observed during drilling, demonstrating strong reservoir communication. The formation is expected to contain more than 100ft of gas column above the gas-water contact.
The Galactica/Pegasus development, discovered in 2022, has shown promising results from previous wells (JXSN-1 to JXSN-4) with gas flows of 125 to 412 Mcfd and helium concentrations between 2.0% and 6.1%. The recent State-16 well, drilled in June 2024, showed production capability up to 441 Mcfd with 1.9% helium content.
Helium One Global (HLOGF) has received a Mining License (ML) offer from Tanzania's Mining Commission for its southern Rukwa Helium Project. The ML will cover approximately 480km², significantly larger than standard mining licenses, encompassing the entire southern Rukwa Helium Project in the Momba and Sumbawanga Districts.
This milestone follows the company's discovery at Itumbula West-1 and their September 2024 application submission. The project demonstrated success in Q3 2024 with an extended well test that continuously flowed 5.5% helium to the surface. The Ministry of Minerals approved this larger-than-standard license area, recognizing the unique geological characteristics of the helium gas-in-solution play.
Helium One Global maintains a 100% equity in its Tanzanian licenses and holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA.
Helium One Global (HLOGF) reports progress on the Jackson-31 development well at the Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. The intermediate hole section has been successfully drilled to 1,080 feet and is currently undergoing casing and cementing.
The next steps include conducting a cement bond log (CBL) followed by drilling into the targeted Lyons Sandstone Formation helium reservoir. Upon completion, the well will undergo wireline logging and wellhead installation for flow and pressure readings.
The broader Galactica-Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125-412 Mcfd with helium concentrations between 2.0-6.1%. The recent State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Helium One Global (HLOGF) announces the spudding of the Jackson-31 development well at its Galactica helium project in Colorado, where it holds a 50% working interest. The well's shallow conductor section has been set, with BOPs being installed before drilling the intermediate hole section. The well targets the Lyons Formation and will undergo wireline logging and flow testing upon reaching Target Depth.
The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125 to 412 Mcfd with helium concentrations between 2.0% and 6.1%. The State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
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 (AIM:HE1, OTCQB:HLOGF) provided an update on its Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. Due to winter conditions, the company's operator Blue Star Helium is gravelling roads to Jackson-31 and Jackson-4 well locations to ensure continued access during cold weather. The rig mobilization has been delayed to the week of February 10th due to anticipated snow conditions.
The drilling campaign will begin with Jackson-31 SENW 3054, followed by Jackson-4 L4 3154, with three additional approved wells pending sequence confirmation. Work continues on the Pinon Canyon processing plant, targeting first gas production in 1H 2025.
The company also maintains 100% equity in its Tanzanian projects, including the flagship Rukwa Project, where the Itumbula West-1 well successfully flowed 5.5% helium to surface in Q3 2024, leading to a Mining Licence application.
Helium One Global (AIM:HE1, OTCQB:HLOGF) has announced the change of its registered office to 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands. The company is a Tanzanian explorer holding prospecting licenses across two project areas: Rukwa and Eyasi.
The company's flagship Rukwa Project, covering 1,664km² in southwest Tanzania, has achieved significant milestones following its 2023/24 exploration drilling campaign. The campaign proved a helium discovery at Itumbula West-1 and successfully flowed 5.5% helium continuously to surface in Q3 2024. Following this success, the company has filed a Mining License application with the Tanzanian Government.
Additionally, Helium One owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, operated by Blue Star Helium.
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