Helium One Global: Spudding of Jackson-29 Well at the Galactica Helium Project
London, GB – 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 share an update following the recent announcement made by Blue Star Helium (ASX: BNL).
Jackson-29 Well Spudded
Helium One Global is pleased to announce the successful spudding of the Jackson-29 SWNW 3054 development well at its Galactica helium project in Las Animas County, Colorado. This significant milestone marks a crucial step towards the advancement of the Galactica Project.
Preparing to Drill Intermediate Hole Section
The Company’s team is currently preparing to drill the intermediate hole section of the Jackson-29 well. This phase of the drilling process will provide essential data on the reservoir’s characteristics, including its thickness, porosity, and permeability. This information will be crucial in assessing the commercial potential of the Galactica Project.
Impact on Individual Investors
For individual investors holding shares in Helium One Global, this development signifies a potential increase in the Company’s value. Successful drilling results could lead to increased demand for the Company’s stock, driving up its price. However, it is essential to remember that investing always carries risks, and the outcome of any drilling operation is uncertain.
- Potential increase in Helium One Global’s stock price
- Reduced risk due to the Company’s progress in the Galactica Project
Impact on the World
On a larger scale, the successful drilling of the Jackson-29 well at the Galactica Project could have a profound impact on the global helium market. Helium is an essential component in various industries, including medical, electronics, and welding. A significant increase in the supply of helium could lead to price stabilization and potentially lower costs for consumers.
- Price stabilization in the global helium market
- Potential reduction in costs for consumers
Conclusion
Helium One Global’s announcement of the spudding of the Jackson-29 well at the Galactica helium project represents a significant step forward in the development of this promising project. For individual investors, this news could lead to increased value in their shares. On a global scale, successful drilling results could lead to price stabilization in the helium market and potential cost savings for consumers. As always, it is essential to remember that investing carries risks, and the outcome of any drilling operation is uncertain.
Stay tuned for further updates on the Galactica Project as Helium One Global continues to make progress towards commercial production.
