Helium One Global: Significant Increase in Helium Concentrations at Galactica-Pegasus Project
Helium One Global (HE1), a leading helium explorer with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has announced exciting new findings from the State-16 development well. The company’s latest analysis reveals a substantial increase in helium concentrations, marking a significant milestone in the Galactica Project.
Key Findings from State-16 Well
The new helium concentration measurement stands at 2.17%, representing a material increase from the previously reported non-air-corrected average of 1.65%. This significant improvement is a promising sign for the future potential of the Galactica Project.
Gas Composition and Well Head Pressure
The new samples also show 36.26% nitrogen and 61.56% carbon dioxide. This gas composition is essential information for determining the feasibility and cost-effectiveness of extracting the helium from the well. Furthermore, the well head pressure was recorded at 10 psig during sampling, the highest observed at the well to date. This encouraging sign indicates improved reservoir connectivity.
Analysis of Jackson-31 Well Samples Ongoing
Additionally, Helium One Global is currently analyzing gas samples obtained from the Jackson-31 well. This well, located nearby, is expected to provide further insights into the potential of the Galactica Project.
Implications for Individuals and the World
Individuals:
- The increased helium concentrations at the Galactica Project may lead to the creation of new jobs in the helium industry, particularly in the Colorado region.
- As a consumer, the availability of a more substantial helium supply could potentially result in lower prices for helium-based products, such as MRI machines and welding torches.
World:
- The successful development of the Galactica Project could contribute to reducing the global reliance on helium imports from countries like Qatar and Russia. This shift could lead to increased energy security and potentially lower prices for the global market.
- The increased helium production could also boost the economies of the states involved in the project, particularly Colorado, where the Galactica Project is located.
Conclusion
Helium One Global’s latest findings from the Galactica-Pegasus Project in Colorado represent a promising development for the helium industry. With a significant increase in helium concentrations and encouraging signs of reservoir connectivity, the future of this project looks bright. Furthermore, the potential implications for individuals and the world, including increased job opportunities, lower helium prices, and reduced reliance on foreign imports, make this development an exciting prospect to follow.
As the analysis of gas samples from the Jackson-31 well continues, Helium One Global remains committed to providing updates on the progress of the Galactica Project. Stay tuned for further developments.
