Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has spudded the Jackson-27 development well at the Galactica helium project, in Colorado.
It is targeting the Upper Lyons Formation gas reservoir. Wireline logging will be conducted once total depth is reached, followed by flow and pressure testing.
Jackson-27 is expected to be completed and tied into production facilities.
Helium One owns a 50% working interest in the Galactica-Pegasus development project, alongside partner Blue Star Helium.