Helium One Global: Successful Drilling Progress at the Galactica-Pegasus Helium Project
London, March 18, 2025 – Helium One Global (AIM: HE1), a leading helium explorer with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, is thrilled to provide an update following the recent Blue Star Helium (BNL) announcement. The Galactica Project is making significant strides, with the intermediate hole section of the Jackson-4 L4 3154 development well now successfully drilled to a depth of 1,123ft (342m) Measured Depth (MD).
Drilling Progress
The drilling team has achieved an impressive milestone, reaching the casing point in the Jackson-4 well. This achievement marks a crucial step forward in the development process. Currently, the casing and cementing operations are underway. Once these processes are completed, the casing shoes will be drilled out, allowing the well to continue its journey towards the targeted Lyons Sandstone Formation at the Total Depth (TD).
A Look Back at the Galactica-Pegasus Project
The Galactica-Pegasus Project is located in the Riley Ridge area of the Hugoton Gas Field in Colorado, USA. Helium One Global holds a 50% working interest in the project, with Blue Star Helium holding the remaining 50%. The project aims to extract helium from the Lyons Sandstone Formation, which is known for its rich helium reserves. Helium is a valuable and essential element in various industries, including medical, welding, and cryogenics. With the increasing demand for helium, the successful drilling progress at the Galactica-Pegasus Project is a significant development.
Impact on the Individual
For individuals and businesses that rely on helium for various applications, this progress at the Galactica-Pegasus Project is excellent news. As the demand for helium continues to grow, the successful drilling of the Jackson-4 well brings us one step closer to meeting this demand. This could lead to a more stable and consistent helium supply, potentially resulting in lower prices and increased accessibility for consumers and businesses.
Impact on the World
On a global scale, the progress at the Galactica-Pegasus Project could have a significant impact on industries that heavily rely on helium. The medical industry, for instance, uses helium in Magnetic Resonance Imaging (MRI) machines and other diagnostic equipment. The welding industry also relies on helium for its high-quality welding applications. Additionally, the cryogenics industry uses helium as a refrigerant. A stable helium supply could lead to increased efficiency and productivity in these industries, ultimately benefiting the global economy.
Conclusion
The successful drilling progress at the Galactica-Pegasus Helium Project is an exciting development for Helium One Global and the helium industry as a whole. With the intermediate hole section of the Jackson-4 well now successfully drilled to the casing point, the team is making steady progress towards reaching the targeted Lyons Sandstone Formation at Total Depth. This progress could lead to a more stable and consistent helium supply, benefiting various industries and individuals who rely on helium. Stay tuned for more updates on the Galactica-Pegasus Project as the team continues to make strides towards unlocking the rich helium reserves within.
- Helium One Global successfully drills intermediate hole section of Jackson-4 well to 1,123ft (342m) Measured Depth (MD)
- Casing and cementing operations currently underway
- Casing shoes to be drilled out once cement bond log is completed
- Impact on individuals: potential for lower helium prices and increased accessibility
- Impact on the world: increased efficiency and productivity in various industries that rely on helium
