Helium One Global: Jackson-4 L4 3154 Development Well Update
Helium One Global (AIM:HE1), a leading helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has recently provided an update regarding the Jackson-4 L4 3154 development well. This update comes following the Blue Star Helium (ASX:BNL) announcement, which revealed some exciting findings.
Flow Rates and Natural Gas Samples
During the drilling process, the Jackson-4 well flowed naturally. Post-drilling operations, flow rates have continued to increase, reaching approximately 190 Mcfd. Projected stabilised flow rates are anticipated to be between 250 to 350 Mcfd, with production optimisation constraints limiting the maximum potential projected rate to 450 Mcfd.
Gas Sampling Analysis
The Jackson-4 well reached Total Depth (TD) at 1,260 feet (384m) within the Upper Lyons Formation. At 1,198 feet (365m), the well encountered the Lyons Sandstone Formation. Early gas samples from this well have shown helium concentrations of up to 1.18% (not air corrected) and 85.93% CO2, aligning with project expectations.
Impact on Individuals and the World
This development is significant as it highlights the potential for increased helium production from the Galactica Project. Helium is an essential and non-renewable resource, primarily used in MRI scanners, welding, and other industrial processes. An increase in production could lead to improved availability and potentially lower prices for consumers and businesses reliant on this critical resource.
On a global scale, this news could contribute to strengthening energy security as the world continues to transition towards cleaner energy sources. Helium is a crucial component in renewable energy technologies such as solar panels and wind turbines. A steady supply of helium will help ensure the continued growth of these industries.
Conclusion
In conclusion, Helium One Global’s update on the Jackson-4 L4 3154 development well is an exciting step forward for the Galactica Project. The flow rates and natural gas samples indicate the potential for increased helium production, which could lead to improved availability and potentially lower prices for consumers and businesses. Additionally, the potential for a steady supply of helium could contribute to global energy security as the world continues its transition towards cleaner energy sources.
- Helium One Global’s update on Jackson-4 L4 3154 development well
- Flow rates of approximately 190 Mcfd, projected stabilised flow rates between 250 to 350 Mcfd
- Helium concentrations up to 1.18% (not air corrected) and 85.93% CO2
- Potential for increased helium production, improved availability, and lower prices
- Contribution to global energy security and renewable energy industries
