Helium One Confirms Successful Drilling in Galactica Project

Helium One Global Limited ( (GB:HE1) ) has provided an update.

Helium One Global Ltd announced the successful drilling of the Jackson-4 well in the Galactica Project, confirming free gas and high-quality gas-saturated sands. This development is part of the broader Galactica/Pegasus project, which has shown promising helium concentrations and potential for significant production rates. The completion of the well and subsequent testing could enhance Helium One’s operational capabilities and strengthen its position in the helium market, with implications for stakeholders in terms of increased production and potential revenue growth.

More about Helium One Global Limited

Helium One Global Ltd is an AIM-listed company focused on helium exploration, primarily operating in Tanzania with significant projects in the Rukwa and Eyasi regions. The company holds a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA, and aims to address the global helium supply constraints. Helium One is strategically positioned in the helium market with its flagship Rukwa Project and has recently filed a Mining Licence application following successful helium discoveries.

YTD Price Performance: 12.29%

Average Trading Volume: 43,903,011

Technical Sentiment Signal: Buy

Current Market Cap: £59.51M

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