Helium One Global Limited ( (GB:HE1) ) has shared an update.
Helium One Global Ltd announced the successful drilling of the Jackson-31 well at the Galactica Project in Colorado, confirming free gas presence and strong reservoir communication. The well encountered high-quality gas-saturated sandstone, and samples are being analyzed for helium and CO2 concentrations. The development is part of a larger effort to advance towards helium production, potentially enhancing Helium One’s market position and offering stakeholders promising returns.
More about Helium One Global Limited
Helium One Global Ltd is an AIM-listed company focused on helium exploration with prospecting licenses in Tanzania and a 50% stake in the Galactica-Pegasus helium development project in Colorado, USA. The company aims to address the supply-constrained helium market through its projects, including the flagship Rukwa Project in Tanzania, which has shown promising helium concentrations.
YTD Price Performance: 1.68%
Average Trading Volume: 40,745,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £53.88M
For an in-depth examination of HE1 stock, go to TipRanks’ Stock Analysis page.