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 […]
Tag: Helium One Global Ltd
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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 […]
Helium One encounters ‘higher’ shows in ITW-1
Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]
Helium One re-enters Itumbula West-1
Helium One Global Ltd has started drilling the Itumbula West-1 (ITW-1) well before a planned extended well test on the Rukwa licence, Tanzania. FEASIBILITY STUDY On 26 July, operations began to test two intervals of the fractured Basement and faulted Karoo sections. The company said it had drilled out the 9⅝” shoe track and was […]