Helium One Global Ltd Announces Jackson-2 Spud at Galactica Project
Helium One Global announces the spudding of the Jackson-2 development well at its Galactica helium project in Las Animas County, Colorado. This marks the fifth well in the Galactica development campaign, where Helium One holds a 50% working interest alongside operator Blue Star Helium.
The well's shallow conductor has been set, and blowout preventers are being installed. The next phase involves drilling through the intermediate hole section, targeting the Lyons Sandstone Formation. Upon reaching Total Depth, the team will conduct wireline logging and collect flow and pressure readings.
Under the farm-in agreement, Helium One will fund the first US $450,000 of this well. The company also maintains its flagship Rukwa Project in Tanzania, where it recently accepted a 480km² Mining License in March 2025, following a successful extended well test that flowed 5.5% helium to surface in Q3 2024.
Helium One Global annuncia l'inizio della perforazione del pozzo di sviluppo Jackson-2 nel suo progetto Galactica di elio nella contea di Las Animas, Colorado. Questo rappresenta il quinto pozzo nella campagna di sviluppo di Galactica, dove Helium One detiene una partecipazione del 50% insieme all'operatore Blue Star Helium.
È stato installato il conduttore superficiale e si stanno montando i preventori di blowout. La fase successiva prevede la perforazione della sezione intermedia del foro, con l'obiettivo di raggiungere la formazione di arenaria Lyons. Al raggiungimento della profondità totale, il team effettuerà registrazioni wireline e raccoglierà dati di flusso e pressione.
Secondo l'accordo di farm-in, Helium One finanzierà i primi 450.000 dollari USA di questo pozzo. L'azienda continua inoltre a gestire il suo progetto di punta, Rukwa in Tanzania, dove ha recentemente ottenuto una licenza mineraria di 480 km² a marzo 2025, a seguito di un test esteso di perforazione che ha prodotto un flusso di elio al 5,5% in superficie nel terzo trimestre del 2024.
Helium One Global anuncia el inicio de la perforación del pozo de desarrollo Jackson-2 en su proyecto de helio Galactica en el condado de Las Animas, Colorado. Este es el quinto pozo en la campaña de desarrollo de Galactica, donde Helium One posee un interés operativo del 50% junto con el operador Blue Star Helium.
Se ha instalado el conductor superficial y se están colocando los preventores de reventones. La siguiente fase consiste en perforar la sección intermedia, con el objetivo de alcanzar la formación de arenisca Lyons. Al llegar a la profundidad total, el equipo realizará registros wireline y recogerá datos de flujo y presión.
Bajo el acuerdo de farm-in, Helium One financiará los primeros 450,000 dólares estadounidenses de este pozo. La compañía también mantiene su proyecto principal Rukwa en Tanzania, donde recientemente aceptó una licencia minera de 480 km² en marzo de 2025, tras una prueba extendida de pozo que produjo un flujo de helio del 5.5% en superficie en el tercer trimestre de 2024.
Helium One Global는 콜로라도주 라스 아니마스 카운티에 위치한 갈락티카 헬륨 프로젝트의 Jackson-2 개발 우물 시추를 시작했다고 발표했습니다. 이는 갈락티카 개발 캠페인에서 다섯 번째 우물로, Helium One은 운영사 Blue Star Helium과 함께 50%의 작업 지분을 보유하고 있습니다.
얕은 콘덕터가 설치되었고, 블로우아웃 방지 장치가 장착 중입니다. 다음 단계는 중간 홀 구간을 시추하여 라이언스 사암층을 목표로 합니다. 목표 심도에 도달하면 팀은 와이어라인 로그를 수행하고 유량 및 압력 데이터를 수집할 예정입니다.
팜인 계약에 따라 Helium One은 이 우물의 초기 45만 달러를 자금 지원합니다. 또한 회사는 탄자니아에 있는 주력 프로젝트인 루크와 프로젝트를 유지하고 있으며, 2025년 3월 480km²의 광산 라이선스를 최근 승인받았습니다. 이는 2024년 3분기에 5.5% 헬륨을 지표면으로 유출한 성공적인 확장 우물 테스트 이후의 일입니다.
Helium One Global annonce le début du forage du puits de développement Jackson-2 dans son projet d'hélium Galactica, situé dans le comté de Las Animas, Colorado. Il s'agit du cinquième puits de la campagne de développement Galactica, où Helium One détient une participation de 50 % aux côtés de l'opérateur Blue Star Helium.
Le conducteur peu profond a été installé et les dispositifs de prévention des éruptions sont en cours de montage. La prochaine étape consiste à forer la section intermédiaire du trou, visant la formation de grès Lyons. Une fois la profondeur totale atteinte, l'équipe effectuera des mesures par câble et collectera des données de débit et de pression.
Dans le cadre de l'accord de farm-in, Helium One financera les premiers 450 000 dollars américains de ce puits. La société maintient également son projet phare Rukwa en Tanzanie, où elle a récemment obtenu une licence minière de 480 km² en mars 2025, suite à un test prolongé réussi qui a permis un débit d'hélium de 5,5 % à la surface au troisième trimestre 2024.
Helium One Global gibt den Beginn der Bohrung des Entwicklungsbohrlochs Jackson-2 im Galactica-Heliumprojekt im Las Animas County, Colorado, bekannt. Dies ist der fünfte Bohrung im Galactica-Entwicklungskampagne, bei der Helium One eine 50%ige Beteiligung neben dem Betreiber Blue Star Helium hält.
Der flache Bohrschacht wurde gesetzt und Blowout-Preventer werden installiert. Die nächste Phase umfasst das Bohren durch den Zwischenlochabschnitt, mit dem Ziel der Lyons Sandstein-Formation. Nach Erreichen der Gesamttiefe wird das Team Wireline-Logging durchführen und Durchfluss- sowie Druckmessungen erfassen.
Im Rahmen des Farm-in-Vertrags wird Helium One die ersten 450.000 US-Dollar für dieses Bohrloch finanzieren. Das Unternehmen hält zudem sein Flaggschiff-Projekt Rukwa in Tansania, wo es kürzlich im März 2025 eine 480 km² große Bergbaulizenz erhalten hat, nach einem erfolgreichen erweiterten Bohrtest, der im dritten Quartal 2024 eine Heliumförderung von 5,5% an die Oberfläche brachte.
- Fifth development well (Jackson-2) spudded at Galactica helium project in Colorado
- Successful extended well test in Tanzania showed 5.5% helium flow in Q3 2024
- Mining License for 480km2 area in Tanzania officially accepted in March 2025
- Company holds 50% working interest in Galactica-Pegasus helium project
- Multiple potential product streams from Galactica/Pegasus development
- Required to fund first US $450,000 of the new well under farm-in agreement
- Company is still in exploration/development phase without significant revenue
LONDON, UNITED KINGDOM / ACCESS Newswire / April 30, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-2 L4 3154 ("Jackson-2") development well spudded at the Galactica helium project
Currently preparing to drill intermediate hole section
Details
The Company is pleased to announce the spudding of the Jackson-2 development well at its Galactica helium project in Las Animas County, Colorado. This is the fifth well to be drilled in the Galactica development campaign.
The shallow conductor has been set and blowout preventers are being installed and tested, and the next phase will be to drill through the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Sandstone Formation, with Total Depth ("TD") planned within the Upper Lyons Formation gas reservoir.
When TD is reached, wireline logging will then be commenced, followed by flow and pressure readings at the wellhead. This data will be used to estimate the production potential of the well based on the production model.
Jackson-2 is anticipated to be completed and ultimately tied-in to production facilities.
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. 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
The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project (see map below). Development of Red Rocks further supports the commercialisation of the Galactica Project.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd |
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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 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 is the significance of Helium One's Jackson-2 well spud at the Galactica Project in April 2025?
How much is Helium One (HLOGF) investing in the Galactica Project Colorado well?
What is Helium One's ownership stake in the Galactica-Pegasus helium project?
What recent milestones has Helium One (HLOGF) achieved in Tanzania?
What are the next steps for HLOGF's Jackson-2 well development?
