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 […]
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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 […]
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 […]