Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has completed the site works for its upcoming Jackson-31 and Jackson-04 helium wells, at the Galactica project in Colorado, USA.
The company confirmed that all well casing has been delivered to the sites.
The drill contractor is scheduled to mobilise the rig to Jackson-31 early next week and drilling will start as soon as the rig is in place.
Upon completing Jackson-31, the rig will be moved to Jackson-04.
In all, the campaign includes three additional approved wells, with the sequence to be confirmed after Jackson-04.
Helium One holds a 50% working interest in the Galactica-Pegasus helium development project, which is operated by Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) (ASX: BNL).