Galactica Project Drilling Update
Site works complete at Jackson-31 and Jackson-04 wells; drilling to commence early next week.
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Helium One Global (AIM: HE1), acknowledges the announcement released today by Blue Star Helium (ASX: BNL, OTC:BSNLF) ("Blue Star") regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA ("the Galactica Project") and is pleased to provide the following update.
Highlights
- Site works at the Jackson-31 and Jackson-04 helium wells are complete
- All casing has been delivered to site
- The drilling contractor is preparing to mobilise the rig to Jackson-31 and spud is expected (early) next week
All site works have been finalised at the Jackson-31 SENW 3054 and Jackson-04 L4 3154 development well locations. All casing has been delivered to site and the drilling contractor is preparing to mobilise equipment and rig up at Jackson-31 (early) next week, with drilling expected to commence immediately after the rig is in place.
Upon completion of Jackson-31, the rig will move to Jackson-04. This drilling campaign includes three additional approved wells, with the drilling sequence to be confirmed after Jackson-04 is drilled.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.