Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) confirmed it had completed drilling the Jackson-4 well, Galactica project in Colorado, and gas flowed to surface naturally.
The well was drilled down to a total depth of 1,260 feet. It intersected 62 feet of gas-saturated sands with a porosity of 22 to 26% in the Upper Lyons Sandstone and flowed naturally.
No water was encountered in the Lyons Sandstone Formation.
Gas samples have been collected for helium and CO₂ laboratory analysis.
Wellhead installation is now in progress ahead of further testing, including flow tests.
The company expects, subject to test results, that the well will be tied in to production facilities.
In the meantime, the drill rig will be moved on to the location of the next planned well - Jackson-29 – where the pad is currently under construction.