Latest news with #Galactica-Pegasus
Associated Press
30-04-2025
- Business
- Associated Press
Helium One Global Ltd Announces Jackson-27 Flow Test Results & Gas Analysis Update
LONDON, UNITED KINGDOM / ACCESS Newswire / April 30, 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. Highlights Details The Jackson-27 well reached TD at 1,183 feet (361m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,123 feet (342m). As expected, water was not encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 320 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering studies and observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 350 Mcfd and 450 Mcfd, with a maximum of 550 Mcfd. Initial laboratory analysis of gas samples from Jackson-27 showed a helium concentration up to 0.41% (air corrected) and 98.31% CO2 (and 1.27% nitrogen). The well has tested the far eastern extent of the Galactica project area, and understanding the flow potential and reservoir gas composition in this part of the field is key to defining the helium-CO2 development going forward. 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. Blue Star previously released results of an independent engineering analysis of wells in the Galactica-Pegasus project and this analysis established maximum stabilised rates and drawdown for development planning and economic modelling. The analysis integrated results from the State-16 well with test data from the JXSN-1, JXSN-2, JXSN-3, and JXSN-4 discovery wells and compared it to public information from the adjacent Red Rocks development. The study concluded: o Calculated permeabilities in the JXSN discovery wells and State-16 well range from 300 millidarcies ('mD') to 750 mD o This permeability range suggests initial flow rates at 6 pounds per square inch absolute ('psia') wellhead pressure of 334 Mcfd to 780 Mcfd o The State-16 well showed a calculated permeability of 405 mD in the Upper Lyons Sandstone Formation, and stabilised initial flow rates constrained for production optimisation would be 250 Mcfd to 350 Mcfd with a maximum of 441 Mcfd Development planning includes considering vacuum compression ranging from 11 psia (-1 pounds per square inch gauge ('psig')) to 6 psia (-6 psig) wellhead pressure which provides the ranges above. The Jackson-27 well has shown a natural flow rate of approximately 320 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd. Given the higher natural flow at Jackson-27, due to greater permeability in the high-quality Upper Lyons Sandstone Formation, and the previous independent engineering study, projected potential stabilised flow rates, constrained for production optimisation, are expected to be 350 Mcfd to 450 Mcfd with a maximum potential rate of 550 Mcfd. For further information please visit the Company's website: Contact 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 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 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 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 [email protected] or visit SOURCE: Helium One Global Ltd press release
Associated Press
22-04-2025
- Business
- Associated Press
Helium and CO2 Plant Construction Permit Approved
Helium and CO2 Plant Construction Permit Approved by Las Animas County LONDON, UK / ACCESS Newswire / April 22, 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. Highlights Details The approval, formalized through Resolution MF 2025-001 and made on 15 April 2025, grants Blue Star the authorisation required to construct the Pinon Canyon Plant. This facility will be located at Lot 6 of Section 31, Township 30 South, Range 54 West, 6th PM. In granting the permit, the Board of County Commissioners specifically found that Blue Star had adequately demonstrated: This permit approval represents a milestone in the Galactica Project as the Pinon Canyon Plant is a critical path component of the development plans in the region and will allow the project to advance to construction and operational phases. 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 $450,000 of this well. 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: Contact 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 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 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 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 [email protected] or visit SOURCE: Helium One Global Ltd press release
Yahoo
16-04-2025
- Business
- Yahoo
Helium One Global Ltd Announces Jackson-27 Spud at Galactica Project
LONDON, UK / / April 16, 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. Highlights Jackson-27 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-27 SESW 3054 development well at its Galactica helium project in Las Animas County, Colorado. 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 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-27 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 $450,000 of this well. 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: Contact Helium One Global LtdLorna Blaisse, CEOGraham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure Liberum Limited (Nominated Adviser and Joint Broker)Scott MathiesonNikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker)Simon JohnsonLouisa Waddell +44 20 3829 5000 Tavistock(Financial PR)Nick ElwesTara 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 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 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 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@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
04-04-2025
- Business
- Associated Press
Helium One Global Ltd Announces Jackson-29 Operational Update
LONDON, GB / ACCESS Newswire / April 4, 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 an update on the Jackson-29 well. Summary Details The intermediate hole section of the well was drilled to approximately 1,110 feet (338m). Subject to weather conditions, the cementing programme will be evaluated, and any excess cement removed. Blue Star will then run the mandatory CBL to confirm good bonding and then drill out into the target Lyons Formation. The well will be TD'd within the Upper Lyons Sandstone Formation (production hole section). This is anticipated to commence early next week. At TD, the well will be wireline logged after which a wellhead will be fitted followed by flow and pressure readings at the wellhead. It is anticipated that, upon successful testing at Jackson-29, the well will be completed, ready to be tied-in to production facilities Contact 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 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 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 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.
Associated Press
14-03-2025
- Business
- Associated Press
Helium One Global Ltd Announces Jackson-31 Flow Testing and Gas Sampling Analysis
LONDON, UNITED KINGDOM / ACCESS Newswire / March 14, 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 Jackson-31 well flowed naturally during drilling and at total depth ('TD'), demonstrating strong reservoir communication Flow testing measurements since drilling operations were completed have seen increasing natural flow rates to around 250 thousand cubic feet per day ('Mcfd') of total gas Potential initial stabilised flow rates constrained for production optimisation of 300-400 Mcfd, with a maximum potential rate of 500 Mcfd projected Early gas samples have returned a helium concentration up to 2.2% air corrected (up to 1.9% not air corrected), expected to represent around 2.3% to 2.5% helium in reservoir based on State-16 recently equilibrated sample The Company is pleased to announce the initial flow rate results from the Jackson-31 SENW 3054 development well at its Galactica helium project in Las Animas County, Colorado. Well head testing at Jackson-31 well, Galactica Project Jackson-31 Summary Analysis The well reached a TD of 1,210 feet (368m) within the Upper Lyons Formation, encountering the Lyons Sandstone at 1,153 feet (351m). As expected, no water was encountered during drilling of the Lyons Sandstone with wireline logs confirming that the penetrated Lyons Sandstone Formation is of high-quality and gas saturated. Flow testing since reaching TD has revealed increasing natural flow rates, reaching approximately 250 Mcfd of total gas. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering analysis, and the observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 300-400 Mcfd, with a maximum of 500 Mcfd projected. Initial laboratory analysis of gas samples from Jackson-31 showed a helium concentration up to 2.2% air corrected (1.9% not air corrected). Based on recent equilibrated samples from the State-16 well, which showed a helium concentration of 2.17% (not air corrected), the expected reservoir helium concentration at Jackson-31 could equilibrate to around 2.3% to 2.5%. Jackson-31 Initial Flow Test Results The well reached a TD of 1,210 feet (368m), encountering the Lyons Formation at 1,153 feet (351m) and was deliberately completed 57 feet (17m) into the Upper Lyons Sandstone Formation. The well exhibited natural gas flow during drilling and at TD. Flow testing has continued, with increasing results demonstrating natural flow rates of approximately 250 Mcfd total gas. Strong pressure build-up post-testing confirms high permeability and good reservoir communication. Well testing and sampling will continue throughout the current drilling campaign. Blue Star previously released results of an independent engineering analysis of wells in the Galactica-Pegasus project and this analysis established maximum stabilised rates and drawdown for development planning and economic modelling. The analysis integrated results from the State-16 well with test data from the JXSN-1, JXSN-2, JXSN-3, and JXSN-4 discovery wells, and compared to public information from the adjacent Red Rocks development. The study concluded: Development planning includes considering vacuum compression ranging from 11 psia (-1 psig) to 6 psia (-6 psig) wellhead pressure which provides the ranges above. The Jackson-31 well has shown a natural flow rate of approximately 250 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd. Given the higher natural flow at Jackson-31, due to greater permeability in the high-quality Lyons Sandstone Formation and based on previous independent engineering, projected potential stabilised flow rates are expected to be 300-400 Mcfd with a maximum potential rate of 500 Mcfd. Jackson-31 Well Gas Sampling Results Gas samples from the Jackson-31 well have been collected and sent for laboratory analysis to determine helium and carbon dioxide concentrations. Early gas samples from the Jackson-31 well showed a helium concentration up to 2.2% air corrected (up to 1.9% not air corrected). Based on the recent equilibrated samples from State-16, it is projected that the Jackson-31 well could contain approximately 2.3% to 2.5% helium in the reservoir. On average, from air correction of laboratory analysis results, the remaining raw gas components are around 69% CO2 and 29% nitrogen. Further laboratory analysis will be conducted to perform air correction on samples taken during ongoing flow testing. Contact 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 ('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 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 [email protected] or visit
