Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA (“the Galactica Project”), provides an update following the Blue Star Helium (ASX: BNL) (“Blue Star”) announcement issued today regarding the Galactica Project.
Summary
· Jackson-4 intermediate hole section successfully drilled to casing point
· Casing set and cementing currently in progress
· Once the cement bond log (“CBL”) has been completed, the casing shoes will be drilled out into the targeted Lyons Sandstone Formation to well total depth (“TD”)
Details
The Company is pleased to announce that the intermediate hole section of the Jackson-4 L4 3154 development well has been successfully drilled to 1,123ft (342m) measured depth (“MD”) and casing is now being run.
Drill crew at Jackson-4 rig site after reaching TD of the intermediate hole section
After cementing casing, a CBL will be undertaken to confirm good bonding, followed by further drilling into the target Lyons Sandstone Formation to planned TD at the base of the Upper Lyons Sandstone Formation (production hole section).
At TD, the well will be wireline logged after which a well head will be fitted to provide flow and pressure readings.
It is anticipated that, upon successful testing at Jackson-4, the well will be completed, ready to be tied-in to production facilities.
For further information please visit the Company’s website: www.helium-one.com
Contact
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Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director |
+44 20 7920 3150 |
