Development Drilling Update: Galactica Project
Development drilling commences at Galactica Project with Jackson #31 well pad construction underway.
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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, is pleased to provide the following updates and acknowledges the announcement released today by Blue Star Helium (ASX: BNL) ("Blue Star") regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA ("the Galactica Project").
Highlights
- Works have commenced on site access and also the well pad at Jackson #31
- After completion of Jackson #31 civils, work will commence on the Jackson #04 location
- Drilling is scheduled to start in January at Jackson #31 followed by Jackson #04
- A further 3 approved wells are scheduled for this campaign
Drilling is expected to start, subject to weather, in mid-January 2025 at Jackson #31 followed by drilling at Jackson #04. A further three approved wells are scheduled for this campaign. The Company will provide further details on sequencing after the drilling of Jackson #04.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.