State-9 Well Drilled to TD and Free Gas Confirmed
State-9 well drilled to total depth with free gas confirmed in Upper Lyons Sandstone Formation.
- State-9 well total depth 1,225ft (373m) measured depth
- Gross pay encountered 60ft (18m)
- Porosity range 22-26%
- Helium One funding commitment US$450,000
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§ State-9 well successfully drilled to total depth ("TD") of 1,225ft (373m) measured depth ("MD") with free gas confirmed by wireline logs
§ Well flowed naturally during drilling and at TD, demonstrating good reservoir communication
§ The well encountered 60ft (18m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation
§ Samples sent to laboratory for analyses of helium and CO2 concentrations
§ Well head being installed ahead of surface pressure readings and flow testing
State-9 Well Drilling and Initial Flow Test Results
The State-9 development well encountered the Lyons Sandstone Formation at a depth of 1,165ft (355m) MD and was completed 60ft (18m) into the Upper Lyons Sandstone Formation at 1,225ft (373m). The well exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-2, Jackson-27, Jackson-29, Jackson-31 and Jackson-4 wells.
Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation, and a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. State-9 targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation, which is connected to the entire gas column.
It is anticipated that, upon successful testing at State-9, the well will be completed, ready to be tied-in to production facilities.
The rig has now been released.
Galactica/Pegasus Development
The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US $450,000 of this well.
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