Helium One Global Announces Promising Flow Test Results from Jackson-31 Well
Strong Flow Rates and High Helium Concentrations
Helium One Global Ltd has reported encouraging flow test results from the Jackson-31 well at its Galactica helium project in Colorado.
- The well demonstrated robust natural gas flow rates, initially reaching approximately 250 Mcfd, with potential stabilized rates projected between 300-400 Mcfd.
- Early gas samples indicated helium concentrations of up to 2.2% air corrected, suggesting a reservoir concentration ranging from 2.3% to 2.5%.
These results confirm the well’s high permeability and strong reservoir communication, reinforcing Helium One’s strategic position in the helium exploration sector.
Expanding Helium Exploration Portfolio
Helium One Global is an AIM-listed company, primarily engaged in helium exploration across Tanzania and the U.S..
- The company holds significant interests in the Galactica-Pegasus helium development project in Colorado, expanding its North American footprint.
- In Tanzania, Helium One maintains prospecting licenses for the Rukwa and Eyasi projects, targeting helium supply constraints in global markets.
The company’s flagship Rukwa Rift Basin project has delivered notable helium discoveries, positioning Helium One for long-term growth in the helium sector.
Market Performance and Investor Sentiment
Helium One’s year-to-date (YTD) price performance stands at 15.00%, reflecting strong market confidence.
- Average trading volume remains high at 45,613,495, indicating active investor participation.
- The technical sentiment consensus rating currently suggests a Buy, reflecting optimism around recent developments.
- With a market capitalization of £59.92 million, Helium One is solidifying its role as a key player in the helium exploration market.
As the company advances its helium development strategy, investors will closely monitor further drilling updates, flow test results, and potential commercial viability assessments.
