An announcement from Helium One Global Limited ( (GB:HE1) ) is now available.
Helium One Global Ltd announced the successful drilling of the intermediate section of the Jackson-31 development well in the Galactica-Pegasus project, with casing and cementing currently underway. The project, which includes multiple helium discoveries, is part of a larger development effort with Blue Star Helium, focusing on optimizing production and commercializing helium resources. The successful completion of this phase could enhance Helium One’s operational capabilities and market positioning in the helium supply chain.
More about Helium One Global Limited
Helium One Global Ltd is an AIM-listed company focused on helium exploration in Tanzania, with additional interests in the Galactica-Pegasus helium development project in Colorado, USA. The company holds prospecting licenses across two project areas in Tanzania, aiming to address the supply-constrained helium market. Their flagship project, the Rukwa Project, is in the southern Rukwa Rift Basin and has shown promising results with significant helium discoveries.
YTD Price Performance: 2.22%
Average Trading Volume: 40,017,842
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £54.48M
Learn more about HE1 stock on TipRanks’ Stock Analysis page.