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Highlights
- Drilling Set to Begin: Drilling at Jackson #31 to commence in January 2025, followed by Jackson #04.
- Progress on Site Preparation: Work begins on site access and well pads for upcoming wells.
- Expansion Plans: Three additional approved wells scheduled for this campaign.
Helium One Global (LSE:HE1), a prominent helium exploration company, has provided an update on its ongoing work at the Galactica-Pegasus helium development project in Las Animas County, Colorado. The company, which holds a 50% working interest in the project, has acknowledged Blue Star Helium’s recent announcement regarding the developments in the region.
Site Preparation and Drilling Plans
Helium One Global has confirmed that site access and the construction of the well pad at Jackson #31 have begun. Once civil work at Jackson #31 is completed, attention will shift to preparing the Jackson #04 location. The drilling of Jackson #31 is scheduled to begin in mid-January 2025, with drilling at Jackson #04 to follow shortly thereafter.
In addition to these initial wells, the company plans to drill three more approved wells as part of this campaign. Further details regarding the sequencing of these wells will be provided after the drilling of Jackson #04.
Positive Outlook for Galactica-Pegasus Project
The commencement of drilling at the Galactica-Pegasus project marks an important milestone for Helium One Global as it advances its helium exploration efforts in Colorado. With the ongoing work and the additional planned wells, the project continues to progress according to plan.
Helium One Global remains committed to developing the Galactica-Pegasus project and expects the drilling campaign to provide valuable insights and progress toward commercial helium production.
