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Further Sale Under Helium Offtake Agreement

In brief · summary, not quotable

Helium One Global announced a further sale under its helium offtake agreement, with the operator delivering its third helium trailer from the Pinon Canyon Plant on schedule and a fourth trailer currently being filled. This confirms regular trailer fills are proceeding as planned, with continued increases in helium output expected towards the plant's full design capacity through planned production work, including debottlenecking, additional development wells, and deepening existing wells. The company will continue to announce significant milestones and commercial developments.

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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, notes the Blue Star Helium (ASX:BNL) ("Blue Star" or "Operator") announcement issued today regarding the Galactica Project, and replicated below.

Operator Reported Highlights

  • The Operator has delivered its third helium trailer from the Pinon Canyon Plant on schedule, with a fourth trailer on site and being filled
  • Continued increases in helium output are expected toward the plant's full design capacity, driven by planned production work, including debottlenecking the plant and gathering system, drilling additional development wells and deepening of existing wells

The Operator advises that a third tube trailer of helium from the Pinon Canyon Plant at its Galactica Project in Las Animas County, Colorado has been delivered to the offtaker. A fourth tube trailer is on site and being filled. Trailer exchanges continue to proceed on a scheduled basis, consistent with previous announcements.

With this delivery confirming regular trailer fills are now proceeding on a scheduled basis, the Company may not announce each trailer exchange but will continue to announce significant milestones and commercial developments.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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