Helium One Global Ltd Announces Jackson-29 Spud at Galactica Project
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Helium One Global Ltd has begun drilling the Jackson-29 well at its Galactica helium project in Colorado, USA. The well is part of a joint venture with Blue Star Helium, targeting the Lyons Sandstone Formation. Previous wells in the project have demonstrated promising gas flows with high helium concentrations between 2.0% and 6.1%.
March 31, 2025 | 6:15 am
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The company has started drilling the Jackson-29 well, which is expected to provide critical data on helium production potential in the Galactica Project.
Drilling of Jackson-29 represents a significant milestone in the company's helium exploration strategy, with potential to validate previous successful well results and enhance project valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100