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The Markets
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Oil & Gas

Helium One Global says Galactica project sees significant commercial milestone

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF, FRA:9K3) has told investors that its Galactica helium project in Colorado has reached a significant commercial milestone, after the operator reported the processing plant is now loading refined helium into a tube trailer for sale under spot-market arrangements.

The AIM-listed helium explorer, which holds a 50% working interest in the Galactica-Pegasus development project, said Blue Star Helium has commissioned the plant’s amine unit to remove CO₂ from the inlet gas stream.

That enables an integrated flow path, with helium-enriched gas refined through the Helium Recovery Unit before being pumped into the onsite trailer.

Blue Star said the team is continuing to optimise plant settings, operating pressures and flow rates to maximise recovery efficiency as output ramps up.

The operator reported State-9 and State-16 are tied in and producing alongside Phase 1 wells Jackson-31 and Jackson-29, while Jackson-4 is temporarily offline for a rental change-out.

Jackson-2 is now tied into the gathering system and is awaiting well site compression and monitoring before being brought onstream.

The tie-in of Jackson-27 remains scheduled to coincide with CO₂ sales, with CO₂ liquefaction from the amine unit targeted before the end of the first half of 2026.

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