Helium One Global Ltd’s partner has deferred drilling at the Galactica-Pegasus helium project because of saturated ground caused by poor weather. COSTS The company holds a 50-50 joint venture with operator Blue Star Helium in the Las Animas County project, Colorado. Ground conditions and snow melt prevented construction of well sites and access roads, but the […]
Tag: Helium One Global Ltd
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Helium One issues 15.7m shares for Itumbula test
Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania. The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation. Following admission, Helium One’s issued […]
Helium One losses rise in ‘transformational’ year
Helium One Global Ltd’s losses more than quadrupled from a busy year at its operations in southern Rukwa, Tanzania and its new joint venture in Colorado, USA. BUSY Results for year ended 30 June 2024 showed a total comprehensive loss of US$11,012,204 compared with $2,672,915 for the year to 30 June 2023. The company said […]
Helium One to drill at Galactica-Pegasus
Helium One Global Ltd plans to drill five additional wells this quarter at the Galactica-Pegasus project in Las Animas County, Colorado, USA. PARTNERS The company is farming into the project operated by Blue Star Helium which has now received permits to start operations. The new wells, comprising Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 […]
Helium One completes Galactica-Pegasus deal
Helium One Global Ltd has completed its farm-in agreement for the Galactica-Pegasus project in Las Animas County, Colorado, USA. DIVERSIFY The company will earn a 50% interest by paying $1.5 million cash to operator Blue Star Helium, which discovered the field in 2022, and funding the drilling of six development wells. Operations are expected to start during […]
Helium One NED steps down
Helium One Global Ltd non-executive director Russel Swarts has stepped down with immediate effect. Mr Swarts has decided to focus on his other interests. Non-executive chairman James Smith said: “The board would like to take this opportunity to thank Russel for his significant contribution both as a board member and as part of the senior […]