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 […]
Tag: Helium One Global Ltd
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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 […]
Helium One approved for new Colorado wells
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. PORTFOLIO 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 […]
Helium One applies for Rukwa mining licence
Helium One Global Ltd has applied for a comprehensive mining licence for its southern Rukwa project in Tanzania. LAPSED LICENCES A completed feasibility study, on which the application is based, includes results of the extended well test from the Itumbula West-1 discovery well. The project’s environment and social impact assessment study, completed by MTL Consulting, […]
Helium One raises £6.43m for Colorado farm-in
Helium One Global Ltd has raised £6.43 million to fund a 50% farm-in to the Galactica-Pegasus project and a similar interest in leases of a proven helium fairway in Colorado, USA. CASH FLOW The fundraise with Cynosure Capital Pty Ltd was via a 37% discounted direct subscription in a cash box structure for 590,000,000 new […]
Helium One flows up to 7.6% helium at ITW-1
Helium One Global Ltd said it had successfully flowed up to 7.6% helium to surface on completion of the first phase of the extended well test at Itumbula West-1 at Rukwa in Tanzania. BASEMENT Operations on the faulted Karoo Group interval resulted in an average flow of 786 barrels per day (bpd) for a period […]