Energy

Helium One Reports Encouraging Flow Rates at Jackson-4 Well in Colorado

Tue 01 Apr 25, 07:05 AM | Team Kalkine

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Helium One Global (LSE:HE1), a leading helium explorer in Tanzania and the United States, has provided an operational update on the Jackson-4 well at the Galactica-Pegasus helium project in Colorado. The announcement follows a report from Blue Star Helium (ASX:BNL), detailing promising flow test results and helium concentrations.

The Jackson-4 well reached its total depth (TD) at 1,260 feet (384m), encountering the Upper Lyons Sandstone Formation at 1,198 feet (365m). Notably, no water was encountered during drilling, and wireline logs confirmed a gas-saturated, high-quality reservoir.

Since drilling operations were completed, the well has demonstrated increasing natural gas flow rates, reaching 190 Mcfd, with significant pressure build-up post-testing. This indicates high permeability and good reservoir communication, which are key factors for sustained production.

Based on independent engineering studies and observed flow rates, projected stabilised flow rates for Jackson-4 are expected to be between 250 and 350 Mcfd, with an upper potential of 450 Mcfd under optimal conditions.

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