Helium One Global Ltd Announces Jackson-4 Spud at Galactica Project
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) annuncia l'inizio della perforazione del pozzo di sviluppo Jackson-4 nel suo progetto di elio Galactica nella contea di Las Animas, Colorado, dove detiene una partecipazione lavorativa del 50%. La sezione conduttrice superficiale del pozzo è stata completata, con l'installazione dei BOP per perforare la sezione del foro intermedio. Il pozzo mira alla formazione di arenaria Lyons.
Lo sviluppo Galactica/Pegasus, scoperto da Blue Star nel 2022, ha mostrato risultati promettenti con quattro scoperte esistenti che forniscono flussi di gas da 125 a 412 Mcfd con concentrazioni di elio tra il 2,0% e il 6,1%. Il recente pozzo State-16, perforato a giugno 2024, ha dimostrato una capacità di produzione fino a 441 Mcfd con un contenuto di elio dell'1,9% e ha identificato una colonna di gas di oltre 96 piedi.
Blue Star sta avanzando nei lavori di ingegneria per la rimozione di CO2, purificazione e lavorazione dell'elio tramite l'unità di recupero dell'elio IACX. La fattibilità commerciale del progetto è ulteriormente supportata dal progetto di elio Red Rocks, di proprietà di terzi, situato nelle vicinanze.
Helium One Global (HLOGF) anuncia el inicio de la perforación del pozo de desarrollo Jackson-4 en su proyecto de helio Galactica en el condado de Las Animas, Colorado, donde posee un interés de trabajo del 50%. Se ha establecido la sección conductora superficial del pozo, y se están instalando los BOP para perforar a través de la sección intermedia. El pozo tiene como objetivo la Formación de Arenisca Lyons.
El desarrollo Galactica/Pegasus, descubierto por Blue Star en 2022, ha mostrado resultados prometedores con cuatro descubrimientos existentes que ofrecen flujos de gas de 125 a 412 Mcfd con concentraciones de helio entre el 2,0% y el 6,1%. El reciente pozo State-16, perforado en junio de 2024, demostró una capacidad de producción de hasta 441 Mcfd con un contenido de helio del 1,9% e identificó más de 96 pies de columna de gas.
Blue Star está avanzando en los trabajos de ingeniería para la eliminación de CO2, purificación y procesamiento de helio a través de la unidad de recuperación de helio IACX. La viabilidad comercial del proyecto se ve respaldada por el proyecto de helio Red Rocks, propiedad de terceros, ubicado en las cercanías.
Helium One Global (HLOGF)는 콜로라도 라스 아니마스 카운티에 있는 갈락티카 헬륨 프로젝트에서 잭슨-4 개발 유정을 시추한다고 발표했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 유정의 얕은 전도체 구간이 설정되었으며, 중간 구간을 시추하기 위해 BOP가 설치되고 있습니다. 이 유정은 라이온스 샌드스톤 형성을 목표로 하고 있습니다.
2022년 블루 스타에 의해 발견된 갈락티카/페가수스 개발은 125에서 412 Mcfd의 가스 흐름을 제공하는 네 개의 기존 발견으로 유망한 결과를 보여주었으며, 헬륨 농도는 2.0%에서 6.1% 사이입니다. 2024년 6월에 시추된 최근의 State-16 유정은 1.9% 헬륨 함량으로 최대 441 Mcfd의 생산 능력을 입증하였으며, 96피트 이상의 가스 기둥을 확인했습니다.
블루 스타는 IACX 헬륨 회수 장치를 통해 CO2 제거, 정화 및 헬륨 가공에 대한 엔지니어링 작업을 진행하고 있습니다. 이 프로젝트의 상업적 생존 가능성은 인근에 위치한 제3자 소유의 레드 록스 헬륨 프로젝트에 의해 더욱 뒷받침되고 있습니다.
Helium One Global (HLOGF) annonce le début du forage du puits de développement Jackson-4 dans son projet d'hélium Galactica dans le comté de Las Animas, au Colorado, où il détient un intérêt de travail de 50 %. La section conductrice peu profonde du puits a été établie, et des BOP sont en cours d'installation pour forer à travers la section intermédiaire. Le puits cible la formation de grès Lyons.
Le développement Galactica/Pégase, découvert par Blue Star en 2022, a montré des résultats prometteurs avec quatre découvertes existantes fournissant des flux de gaz de 125 à 412 Mcfd avec des concentrations d'hélium entre 2,0 % et 6,1 %. Le récent puits State-16, foré en juin 2024, a démontré une capacité de production allant jusqu'à 441 Mcfd avec un contenu en hélium de 1,9 % et a identifié une colonne de gaz de plus de 96 pieds.
Blue Star avance dans les travaux d'ingénierie pour l'élimination du CO2, la purification et le traitement de l'hélium via l'unité de récupération d'hélium IACX. La viabilité commerciale du projet est en outre soutenue par le projet d'hélium Red Rocks, détenu par des tiers, situé à proximité.
Helium One Global (HLOGF) gibt den Beginn der Bohrung des Entwicklungsbohrlochs Jackson-4 in seinem Galactica-Heliumprojekt im Las Animas County, Colorado, bekannt, wo es eine Betriebsbeteiligung von 50% hält. Der flache Leiterbereich des Bohrlochs wurde eingerichtet, und BOPs werden installiert, um durch den mittleren Bohrlochbereich zu bohren. Das Bohrloch zielt auf die Lyons-Sandstein-Formation ab.
Die Galactica/Pegasus-Entwicklung, die 2022 von Blue Star entdeckt wurde, hat vielversprechende Ergebnisse gezeigt, wobei vier bestehende Entdeckungen Gasflüsse von 125 bis 412 Mcfd mit Heliumkonzentrationen zwischen 2,0% und 6,1% liefern. Das jüngste Bohrloch State-16, das im Juni 2024 gebohrt wurde, zeigte eine Produktionskapazität von bis zu 441 Mcfd mit einem Heliumgehalt von 1,9% und identifizierte eine Gasblase von über 96 Fuß.
Blue Star arbeitet an Ingenieurarbeiten zur CO2-Entfernung, -Reinigung und -Verarbeitung von Helium über die IACX-Helium-Rückgewinnungseinheit. Die kommerzielle Rentabilität des Projekts wird durch das benachbarte, von Dritten betriebene Red Rocks-Heliumprojekt weiter unterstützt.
- High helium concentrations (2.0-6.1%) in existing wells
- Strong gas flows (125-412 Mcfd) from previous discoveries
- State-16 well capable of producing up to 441 Mcfd
- 96+ feet of gas column identified in State-16 well
- Lower helium concentration (1.9%) in latest State-16 well compared to previous wells
LONDON, UK / ACCESS Newswire / March 5, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Jackson-4 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-4 development well at its Galactica helium project in Las Animas County, Colorado.
The shallow conductor section has been set. BOPs are being installed and tested 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 Target Depth ("TD") planned within the Upper Lyons Formation gas reservoir.
When TD is reached, wireline logging will then be conducted, 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-4 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. 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. 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
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.
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.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd | +44 20 7920 3150 |
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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 Helium 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
What are the helium concentration levels found in the Galactica/Pegasus development wells (HLOGF)?
What is the production capacity of the State-16 well at HLOGF's Galactica project?
What is the current status of the Jackson-4 development well at HLOGF's Galactica project?
What is the target formation for the Jackson-4 well in HLOGF's Galactica project?
