Business
Helium One Global Ltd - Jackson-2 Well Drilled to TD & Free Gas Confirmed
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. LONDON, ...
About this update from Helium One Global Limited
[{"type":"text","content":"The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.","length":245,"tagName":"p"},{"type":"text","content":"LONDON, GB / ACCESS Newswire / May 6, 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":391,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Jackson-2 well successfully drilled to total depth ("TD") of 1,232ft (375m) measured depth ("MD") with free gas confirmed by wireline logs","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Well flowed naturally during drilling and at TD, demonstrating good reservoir communication","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"The well encountered 73ft (22m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation","length":203,"tagName":"p"}]},{"val":[{"type":"text","content":"Samples sent to laboratory for analyses of helium and CO2 concentrations","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Well head being installed ahead of surface pressure readings and flow testing","length":77,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":601,"olType":false},{"type":"text","content":"Lorna Blaisse, Chief Executive Officer, commented:","length":50,"tagName":"p"},{"type":"text","content":""This has been a very successful development campaign to date, and Jackson-2 is the fifth well to have been drilled. Based on these wells coming in as expected, with consistently good flow rates and helium concentrations across the Galactica project, we will continue with the campaign and drill the sixth and final well of this campaign at State-9, which is expected to commence shortly.","length":393,"tagName":"p"},{"type":"tex...