Helium One Global Ltd. (HLOGF)
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Helium One taps ‘free gas' in Jackson-29 well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) confirmed it has tapped ‘free gas' at its Jackson-29 well, in Colorado, where further testing will now be undertaken. The well flowed naturally during drilling and at total depth, and no water was encountered, the company noted.
Helium One progress paused by weather in Jackson-29 well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has updated investors on its Jackson-29 well, at the Galactica Project in Colorado, where progress has been paused due to weather conditions. The company, in a statement, said it has drilled the ‘intermediate hole section', has been drilled to a depth of approximately 1,110 feet, and, the casing has been set and cemented.
Helium One reports improved rate with Jackson-4 well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)has announced the initial results from the Jackson-4 well testing, with a flow rate of 190 thousand cubic feet per day (Mcfd) reported. It marks an improvement from the State-16 well, which flowed at 150 Mcfd, the company noted.
Helium One's pair of positive project updates welcomed by broker
Monday's updates from Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) are positive, with the firm opening up development in Tanzania and proceeding with its latest well in Colorado, stockbroker Panmure Liberum highlighted in a note. In a statement, Helium today told investors it has now formally accepted the offer of a Mining Licence for its southern Rukwa Helium Project in Tanzania, marking an important milestone for the project.
Helium One lands licence for Rukwa project, and spuds next Jackson well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has now formally accepted the offer of a Mining Licence for its southern Rukwa Helium Project in Tanzania, marking an important milestone for the project. The Rukwa licence covers 480 square kilometres in the southern Rukwa Basin – and alongside the licence, the company also has been issued an Environmental and Social Impact Assessment and it has paid the first annual licence fee.
Helium One continues to reassure as Galactica project advances
News that Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has flowed gas from the Jackson-4 well, and is now preparing production testing, is described as “another encouraging update” by stockbroker Panmure Liberum. The well, at the Galactica Pegasus project in Colorado, was drilled down to a total depth of 1,260 feet.
Helium One is now preparing to flow test Jackson-4
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) confirmed it had completed drilling the Jackson-4 well, Galactica project in Colorado, and gas flowed to surface naturally. The well was drilled down to a total depth of 1,260 feet.
Helium One could be primed for a re-rating as first production nears, says analyst
Panmure Liberum has reiterated its ‘buy' rating on Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) and maintained its price target at 3.6p, following interim results that confirmed the company is edging closer to maiden production. The helium explorer and developer posted a first-half loss of $1.9m - expected at this pre-revenue stage - with net cash of $10m after a recent fundraise.
Helium One reports on “exciting and significant” half year
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) chair James Smith described “a very exciting and significant period for the company”, as the AIM-quoted firm reported interim results. “We now have a portfolio containing two development opportunities in two jurisdictions which diversifies the risk profile of the company and provides us with the opportunity, in Colorado, to realise near term revenue streams which will support our future investment requirements across the portfolio,” Smith said.
Helium One reveals first flow rates for Jackson well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reported initial flow rates from the Jackson-31 well at the Galactica helium project, in Colorado. The well flowed naturally, and, flow testing has shown increasing rates, reaching approximately 250,000 cubic feet per day (cfd) of total gas.
Helium One sees significant increase in helium concentration in State-16 well
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reported a significant increase in helium concentration at the State-16 well, part of the Galactica Project in Colorado. State-16 was drilled in May, and new sample analysis indicates a helium concentration of 2.17%, up from the previously reported measure of 1.65%.
Helium One is ‘a buy' ahead of maiden production - broker
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) is a ‘Buy' ahead of delivering its maiden production in the first half of 2025, that's according to Panmure Liberum. The stockbroker pitches a 3.6p price target for Helium One, versus a current market price of 1p.
