REG - Helium One Global Ld - Jackson-4 Intermediate Section Drilling Complete

Helium One GlobalAnnouncement

18/03/2025 07:15

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RNS Number : 0928B  Helium One Global Ltd  18 March 2025

18 March 2025

 

 

Helium One Global Ltd

("Helium One" or "the Company")

 

Jackson-4 Intermediate Section Drilling Complete

 

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-4 intermediate hole section successfully drilled to casing
point

·    Casing set and cementing currently in progress

·    Once the cement bond log ("CBL") has been completed,  the casing
shoes will be drilled out into the targeted Lyons Sandstone Formation to well
total depth ("TD")

Details

The Company is pleased to announce that the intermediate hole section of the
Jackson-4 L4 3154 development well has been successfully drilled to 1,123ft
(342m) measured depth ("MD") and casing is now being run.

Drill crew at Jackson-4 rig site after reaching TD of the intermediate hole
section

After cementing casing, a CBL will be undertaken to confirm good bonding,
followed by further drilling into the target Lyons Sandstone Formation to
planned TD at the base of the Upper Lyons Sandstone Formation (production hole
section).

At TD, the well will be wireline logged after which a well head will be fitted
to provide flow and pressure readings.

It is anticipated that, upon successful testing at Jackson-4, the well will be
completed, ready to be tied-in to production facilities.

 

 

For further information please visit the Company's website: www.helium-one.com
(http://www.helium-one.com)

 

 

Contact

 Helium One Global Ltd                                         +44 20 7920 3150

 Lorna Blaisse, CEO

 Graham Jacobs, Finance and Commercial Director

 Panmure Liberum Limited (Nominated Adviser and Joint Broker)  +44 20 3100 2000

 Scott Mathieson

 Nikhil Varghese

 Zeus Capital Limited (Joint Broker)                           +44 20 3829 5000

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian-Neal

 

 

 

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 1,664km(2) 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.

 

 

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