Helium One Global Ltd. (HLOGF)
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Helium One shares jump on Tanzania and Colorado boosts, but broker sees shares higher still
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) shares jumped around 20% in Monday's dealing, nevertheless, one City broker repeated a ‘Buy' recommendation that still sees the small-cap share multiples higher. Priced at 1.08p, Helium One was up around 18% by the mid-afternoon trade after a pair of positive news announcements this morning.
Helium One sees major milestone as Tanzania offers licence for Rukwa project
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has received an offer letter from the Mining Commission in Tanzania, for a Mining Licence (ML) covering its southern Rukwa Helium Project. The licence area spans approximately 480 square kilometres, in line with the company's initial application.
Helium One says Jackson well has flowed gas
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)eJackson-31 well in Colorado has been completed, flowing gas. It was drilled down to a total depth of 1,210 feet, and, confirmed free gas in the Upper Lyons Sandstone Formation.
Helium One progresses drilling at Galactica-Pegasus project
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has updated investors on its progress drilling the Jackson-31 well at the Galactica-Pegasus project, where drilling of the intermediate section is complete. Drilling to the targeted Lyons Sandstone Formation will shortly resume, following casing and cementing.
Helium One shares firmer as Colorado drilling gets underway; broker upbeat
Helium One Global Ltd's (AIM:HE1, OTCQB:HLOGF) share price rose 2.5% after the company confirmed drilling has started at Jackson-31, part of its Galactica helium project in Colorado. The well is targeting the Lyons sandstone formation, a known gas reservoir, with results expected to provide key data on the site's helium potential.
Helium One says drilling underway on Colorado well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has announced that drilling has begun at the Jackson-31 well, part of the Galactica helium project in Colorado. The company, which holds a 50% stake in the project, confirmed that early work is progressing, with equipment in place and preparations underway to drill deeper.
Helium One says rig mobilisation is expected in early February
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors that, due to weather conditions, rig mobilisation for the Galactica-Pegasus project in Colorado, will start in early February. The company, in a statement, noted that the access roads are being gravelled to help in the conditions, and, it expects mobilisation will start in the week beginning 10 February.
Helium One preps Galactica well sites ahead of drilling
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has completed the site works for its upcoming Jackson-31 and Jackson-04 helium wells, at the Galactica project in Colorado, USA. The company confirmed that all well casing has been delivered to the sites.
Helium One reports progress ahead of January start to Galactica drilling
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has updated investors on its progress at the Galactica Project in Las Animas County, Colorado, where its slated to drill up to five wells in an upcoming campaign. The company, which holds a 50% working interest in the helium project, said it had started work on site access and the well pad at Jackson #31.
Helium One is an ‘exciting opportunity' on the cusp of becoming a producer - analyst
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) presents a very exciting opportunity as the explorer is now “on the cusp” of a transformation into a production company. That's the view of Panmure Liberum analyst Ashley Kelty, who in a note this week repeated a ‘buy' recommendation and a price target of 3.6p – representing substantial upside to the current price on AIM of around 1p.
Helium One reports on its exciting and transformational year as projects advance
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has recapped what chair James Smith described as “a very exciting and significant” year, as the helium company reported its audited financial results for the year ending June 30. Chief executive Lorna Blaisse, meanwhile, said it was a “transformational” year.
Helium One get greenlight for 5 more wells in Colorado
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has the greenlight for its planned drilling at the Galactica-Pegasus project in Las Animas County, Colorado. Colorado's Energy and Carbon Management Commission (ECMC) has approved permits for the drilling of five additional helium development wells at the project.
