News Oil & Gas

Helium One approved for new Colorado wells

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Helium One Global Ltd’s farm-in project has received approval for five new proposed helium development well locations at the Galactica-Pegasus project in Las Animas County, Colorado, USA.

Application: a mining licence still under review for southern Rukwa (Pixabay)

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Australian owner Blue Star Helium’s planned locations comprise Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 L4.

Drilling is expected to begin this quarter subject to receipt of a Form 2 permit.

Helium One has 10 helium development well locations approved at Galactica-Pegasus including Form 2 approvals to drill the State-09, State-35 and State-36 helium development wells.

The company added that its application for a mining licence was still under review for its flagship project in southern Rukwa, Tanzania.

Three further licences for projects with “limited prospectivity” and too difficult to access have reached the end of their second and final renewal term and will automatically lapse.

The company’s remaining licences in the Rukwa Basin total 1,086km2 and a further 286km2 in the Eyasi Basin, northern Tanzania.

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