Helium One Global Ltd’s partner has mobilised the rig to the Jackson-31 well site at the Galactica-Pegasus joint venture project in Las Animas County, Colorado, USA. DEVELOPMENT Operator Blue Star Helium is in the process of rigging up ahead of the start of drilling. The full development programme for Galactica involves 15 wells with the initial […]
Tag: Blue Star Helium
Wintry weather delays rig at Galactica-Pegasus
Helium One Global Ltd said that wintry weather had delayed rig mobilisation until February at the Galactica-Pegasus helium project in Las Animas County, Colorado, USA. FIRST GAS Joint venture partner Blue Star Helium is laying gravel on the roads to the Jackson-31 and Jackson-4 wells for access during the cold, snow and thaw. Mobilisation is […]
Poor weather delays Galactica-Pegasus drilling
Helium One Global Ltd’s partner has deferred drilling at the Galactica-Pegasus helium project because of saturated ground caused by poor weather. COSTS The company holds a 50-50 joint venture with operator Blue Star Helium in the Las Animas County project, Colorado. Ground conditions and snow melt prevented construction of well sites and access roads, but the […]
Helium One losses rise in ‘transformational’ year
Helium One Global Ltd’s losses more than quadrupled from a busy year at its operations in southern Rukwa, Tanzania and its new joint venture in Colorado, USA. BUSY Results for year ended 30 June 2024 showed a total comprehensive loss of US$11,012,204 compared with $2,672,915 for the year to 30 June 2023. The company said […]
Helium One to drill at Galactica-Pegasus
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 […]
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 […]