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Helium One Global Ltd Announces Jackson-29 Spud at Galactica Project
LONDON, GB / ACCESS Newswire / March 31, 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 ...
About this update from Helium One Global Limited
[{"type":"text","content":"LONDON, GB / ACCESS Newswire / March 31, 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.","length":394,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Jackson-29 well spudded at the Galactica helium project","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Currently preparing to drill intermediate hole section","length":54,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":109,"olType":false},{"type":"text","content":"Details","length":7,"tagName":"p"},{"type":"text","content":"The Company is pleased to announce the spudding of the Jackson-29 SWNW 3054 development well at its Galactica helium project in Las Animas County, Colorado.","length":156,"tagName":"p"},{"type":"image","alt":"Photo of the Jackson-29 well being spud","displaySize":"","headline":null,"caption":"Photo of the Jackson-29 well being spud","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":424,"height":411,"url":"https://media.zenfs.com/en/accesswire.ca/6d64b41cff8948c0f5de687f4282133f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/BUYwWDZtuVjgeNVgAAIIrQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTY4MztjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/6d64b41cff8948c0f5de687f4282133f","width":424,"height":411}}},{"type":"text","content":"The shallow conductor section 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 Target Depth ("TD") planned within the Upper Lyons Formation gas reservoir.","length":369,"tagName":"p"},{"type":"text","content":"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.","length":219,"tagName":"p"},{"type":"text","c...