News Oil & Gas

Helium One JV mobilises rig to Jackson-31

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Helium One Global Ltd’s partner has mobilised the rig to the Jackson-31 well site at the Galactica-Pegasus joint venture project in Las Animas County, Colorado, USA.

Revenue: from the six wells will fund drilling of the remaining nine (Pixabay)

DEVELOPMENT

Operator Blue Star Helium is in the process of rigging up ahead of the start of drilling.

The full development programme for Galactica involves 15 wells with the initial six development wells already funded.

Revenue from the six wells will fund the drilling of the remaining nine.

Helium One holds a 50% working interest in the project as well as 100% of its flagship 1,664km2 Southern Rukwa Rift Basin helium project in southwest Tanzania.

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