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Highlights
Initial gas flow from Jackson twenty-nine well confirms strong reservoir characteristics
Half working interest farm-in with Blue Star Helium underpins Galactica Pegasus project
Processing permit secured for Pinon Canyon facility to separate helium and carbon dioxide
The exploration and extraction of helium have gained prominence across medical, aerospace, and electronics industries. Finite global reserves and rising demand for ultra‑pure gas have elevated the importance of efficient recovery and processing methods. Helium One Global Ltd (LSE:HE1) participates in the Galactica‑Pegasus development project in Colorado, where recent operational milestones illustrate evolving supply dynamics.
Early Flow Results at Jackson Twenty-Nine
Operations at the Jackson twenty‑nine well recorded initial natural gas flows that exceeded engineering thresholds. Flow measurements reached more than three hundred twenty thousand cubic feet per day, maintaining continuous throughput upon reaching final depth. Engineering modelling aligns with observed performance, reinforcing the role of the Upper Lyons formation as a robust gas reservoir. Gas composition testing revealed helium content levels supportive of commercial extraction, and calibrated flow control will optimize yield as project phases progress.
Geological Findings and Reservoir Testing
Drilling operations reached total depth within the Upper Lyons formation, unveiling thick sandstone intervals saturated with gas and absent of water. Detailed wireline logging provided high‑resolution insights into porosity and permeability characteristics. Subsequent pressure build‑up testing validated reservoir connectivity and fluid transmissivity. Geophysical and petrophysical data deliver a comprehensive view of subsurface conditions, guiding design of completion techniques to maximize resource recovery and operational efficiency.
Project Collaboration and Infrastructure Development
Through a half working interest, Helium One has committed capital to launch the Galactica‑Pegasus development in partnership with Blue Star Helium. The proximity of leased acreage near the Red Rocks licence offers avenues for operational synergy and infrastructure sharing. Environmental impact evaluations preceded site preparation, ensuring adherence to regional land use guidelines and water resource management practices. Community engagement initiatives contributed to infrastructure planning, emphasising transparency and resource stewardship. A recent permit approved by Las Animas County authorises construction of a dedicated processing facility at Pinon Canyon. This plant will enable local separation and purification of helium and carbon dioxide, advancing regional supply chain integration and logistical efficiency.
Industry Context of Helium Supply
Global supply of helium remains concentrated within a small number of high‑yield fields, while extraction demands advanced processing methods. Applications ranging from magnetic resonance imaging to semiconductor fabrication and rocket propulsion drive sustained need for high purity gas. Collaborations between exploration entities and processing operators have introduced innovative extraction technologies and recycling initiatives aimed at reducing waste. Project developments in Colorado expand the mosaic of helium sources, supporting efforts to enhance security of supply for critical industrial and scientific uses.
