{"id":138909,"title":"Helium One Marks First Sale Under Galactica Offtake Agreement","publisher":"Share Talk","author":"sharetalk","published":"2026-07-28T10:38:56+00:00","modified":"2026-07-28T10:38:56+00:00","canonical_url":"https://www.share-talk.com/helium-one-marks-first-sale-under-galactica-offtake-agreement/","markdown_url":"https://www.share-talk.com/helium-one-marks-first-sale-under-galactica-offtake-agreement.md","json_url":"https://www.share-talk.com/helium-one-marks-first-sale-under-galactica-offtake-agreement.json","category":"Energy","categories":["Energy"],"tags":["David Minchin","EIA Certificate","ESIA approval","gas","HE1","Helium One Global","HLOGF","James Smith","Lorna Blaisse","Mozambique","oil","OTCQB","Rukwa project","Share Talk","Tanzania","ttis Oil & Gas"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/07/Rukwa2024-12.jpg?fit=1000%2C685&quality=89&ssl=1","format":"news","language":"en-GB","content":"[Helium One Global (AIM: HE1) ](https://www.investegate.co.uk/announcement/rns/helium-one-group-ltd-di---he1/first-sale-under-helium-offtake-agreement/9689960)has announced the first helium sale completed under its short-term offtake agreement at the **Galactica-Pegasus development project** in Colorado.\n\nThe project’s operator, **Blue Star Helium**, has delivered a second helium trailer following the initial sale completed on **14 July 2026**. Regular trailer exchanges have now been scheduled, with replacement trailers beginning to fill on arrival.\n\nThe **Pinon Canyon Plant** has stabilised at its current production rate, allowing the joint venture to focus on recurring helium sales and cash flow generation.\n\nHelium One holds a **50% working interest** in the project.\n\nChief executive Lorna Blaisse said the second sale represented another important milestone for the company’s US helium asset and demonstrated the continued progress being made by the operating partner.\n\nProduction is expected to increase progressively towards the plant’s full design capacity through planned debottlenecking work, improvements to the gathering system and further well development.\n\nThe joint venture is also assessing the potential to deepen existing wells to expose additional reservoir intervals and increase flow rates.\n\nSubject to permit approval, three new development wells are planned for the second half of 2026. These are expected to be connected to the Pinon Canyon Plant and increase both raw gas throughput and helium output.\n\nBlue Star said it does not intend to announce every future trailer exchange now that regular deliveries have begun, but will continue to report significant production and commercial milestones."}