Helium One Group Ltd
HE1 · AIM · Energy · mcap £30m · 0.3p 2 open situations →
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What it does, how it got here, what management promised and delivered, where it stands now – written from its own announcements, every line linked to its source.
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Galactica-Pegasus new wells
The JV plans three new wells to tie in to the Pinon Canyon Plant, as the plant ramps up into 2027. Update of 2 Nov 2026: permitting has taken longer than expected, approvals are now expected in the December 2026 quarter and drilling in March 2027.
- Next milestone
- Regulatory approvals expected in the December 2026 quarter 2 Nov 2026 ↗
- Drilling start
- March 2027, as expected by the Operator 2 Nov 2026 ↗
- Scope
- Three new wells for tie-in to the Pinon Canyon Plant 2 Nov 2026 ↗
- Plant capacity
- No expansion of helium processing capacity expected to be needed for the additional or deepened wells 2 Nov 2026 ↗
Next: Regulatory approvals for three new wells expected · 31 Dec 2026
- 2 Nov 2026 Permitting delayed; drilling now March 2027
Southern Rukwa farm-out
Helium One's farm-out process for the southern Rukwa Project is ongoing with PVE Consulting Ltd as adviser (update of 2 Nov 2026). The company has meanwhile drilled three shallow stratigraphic wells near Itumbula to prepare the first cluster of Basement development wells.
- Adviser
- PVE Consulting Ltd 2 Nov 2026 ↗
- Recent work
- Three shallow stratigraphic wells drilled to less than 100 metres near Itumbula, within the 480 km2 Mining Licence area 2 Nov 2026 ↗
- Next milestone
- Evaluation of the extended ESP testing phase, then planning for the first Basement development wells 2 Nov 2026 ↗
Next: Farm-out outcome; evaluation of extended ESP testing
- 2 Nov 2026 Farm-out ongoing with PVE Consulting
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Company filings. Not investment advice.