Helium One Group Ltd (DI) (HE1)

Sector:

Mining

 0.82p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.95
  • 52 Week Low: 0.60
  • Currency: UK Pounds
  • Shares Issued: 5,921m
  • Volume: 47,087,720
  • Market Cap: £48.56m
  • Beta: 0.01

Helium One reports encouraging flow testing at Jackson-29

By Josh White

Date: Tuesday 22 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Helium One Global reported encouraging flow test results from the Jackson-29 well at the Galactica Project in Colorado on Tuesday, where it holds a 50% working interest in a joint venture with Blue Star Helium.
The AIM-traded firm said the well, drilled to a total depth of 1,183 feet within the Lyons Sandstone Formation, encountered high-quality, gas-saturated reservoir rock without the presence of water, as expected.

It said the Jackson-29 well had been flowing naturally since reaching total depth, with current flow rates exceeding 320,000 cubic feet per day.

Stabilised flow rates were projected at between 350,000 and 450,000 cubic feet daily, with a maximum potential of 550,000, based on engineering studies and observed reservoir performance.

Pressure build-up data indicated strong permeability and reservoir communication.

Preliminary gas analysis returned a helium concentration of up to 3.30% air-corrected, alongside 48.66% carbon dioxide and 48.04% nitrogen, consistent with geological expectations.

The Galactica Project, which forms part of the larger Galactica-Pegasus development discovered in 2022, offered multiple potential product streams and is located adjacent to the third-party Red Rocks helium project, the board said.

Helium One is funding the initial $0.45m of drilling under its farm-in agreement, and said the results supported the commercial viability of the Galactica Project as it continued to progress development plans with Blue Star.

At 0939 BST, shares in Helium One Global were down 1.46% at 0.91p.

Reporting by Josh White for Sharecast.com.

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HE1 Market Data

Currency UK Pounds
Share Price 0.82p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.95
52 Week Low 0.60
Volume 47,087,720
Shares Issued 5,921m
Market Cap £48.56m
Beta 0.01

HE1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.38% above the market average12.38% above the market average12.38% above the market average12.38% above the market average12.38% above the market average
26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average
Price Trend
77.43% below the market average77.43% below the market average77.43% below the market average77.43% below the market average77.43% below the market average
48.87% below the sector average48.87% below the sector average48.87% below the sector average48.87% below the sector average48.87% below the sector average
Income Not Available
Growth Not Available

HE1 Dividends

No dividends found

Trades for 23-May-2025

Time Volume / Share Price
17:07 1,900,000 @ 0.82p
16:16 4,000 @ 0.82p
15:57 20 @ 0.79p
15:41 24 @ 0.79p
15:39 9,000 @ 0.82p

HE1 Key Personnel

CEO Lorna Blaisse
Finance Director Graham Jacobs

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