Helium One Global Provides Update on Galactica-Pegasus Project in Colorado

2 min read | January 15, 2025 02:46 AM EST | By Team Kalkine Media

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Helium One Global Provides Update on Galactica-Pegasus Project in Colorado — Image source: Shutterstock

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Highlights:

Site Work Completed at Jackson-31 and Jackson-04 Wells

Rig Mobilization for Jackson-31 Expected Early Next Week

Further Drilling Plans for Additional Wells After Jackson-04

Helium One Global (LSE:HE1) has issued an update following Blue Star Helium’s announcement regarding the Galactica-Pegasus project in Las Animas County, Colorado. The company is moving forward with its drilling campaign, with key site works completed and drilling preparations underway.

Helium One Global has confirmed the completion of all site works at the Jackson-31 and Jackson-04 helium well locations as part of the Galactica Project in Las Animas County, Colorado. The company has successfully delivered all casing to the site, ensuring that the drilling phase can proceed without delay.

The drilling contractor is now preparing to mobilize the rig to the Jackson-31 location, with spudding—initiating the drilling process—expected to take place early next week. Following the completion of drilling at Jackson-31, the rig will be moved to Jackson-04 to continue the development of the project.

This drilling campaign is set to include a total of five wells, with three additional wells approved for drilling. The exact sequence for these additional wells will be determined after the drilling of Jackson-04.

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